Document:

Exhibit 10.3

THIS NOTE AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
SECURITIES LAWS. THIS NOTE AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS
NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE
OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS NOTE UNDER SAID ACT AND ANY
APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL REASONABLY
SATISFACTORY TO CREATIVE VISTAS, INC. THAT SUCH REGISTRATION IS NOT REQUIRED.

                          SECURED CONVERTIBLE TERM NOTE

         FOR VALUE RECEIVED, CREATIVE VISTAS, INC., an Arizona corporation (the
"BORROWER"), hereby promises to pay to LAURUS MASTER FUND, LTD., M&C Corporate
Services Limited, P.O. Box 309 GT, Ugland House, South Church Street, George
Town, Grand Cayman, Cayman Islands, Fax: 345-949-8080 (the "HOLDER") or its
registered assigns or successors in interest, on order, the sum of Four Million
Five Hundred Thousand Dollars ($4,500,000), together with any accrued and unpaid
interest hereon, on September 30, 2007 (the "MATURITY DATE") if not sooner paid.
The original principal amount of this Note subject to amortizing payments
pursuant to Section 1.2 hereof is hereinafter referred to as the "AMORTIZING
PRINCIPAL AMOUNT" and the remaining original principal amount of this Note is
hereinafter referred to as the "NON-AMORTIZING PRINCIPAL AMOUNT."

         Capitalized terms used herein without definition shall have the
meanings ascribed to such terms in that certain Securities Purchase Agreement
dated as of the date hereof between the Borrower and the Holder (the "PURCHASE
AGREEMENT").

         The following terms shall apply to this Note:

                                    ARTICLE I
                             INTEREST & AMORTIZATION

         1.1 (a) Interest Rate. Subject to Sections 1.1(b), 4.11 and 5.6 hereof,
interest payable on this Note shall accrue at a rate per annum (the "Interest
Rate") equal to the "prime rate" published in The Wall Street Journal from time
to time, plus two percent (2%). The prime rate shall be increased or decreased
as the case may be for each increase or decrease in the prime rate in an amount
equal to such increase or decrease in the prime rate; each change to be
effective as of the day of the change in such rate. Subject to Section 1.1(b)
hereof, the Interest Rate shall not be less than six percent (6%). Interest
shall be calculated on the basis of a 360 day year. Interest shall accrue but
not be payable during the period commencing on the date hereof and ending on
October 31, 2004. Interest on the Amortizing Principal Amount shall be payable
monthly, in arrears, commencing on November 1, 2004 and on the first day of each
consecutive calendar month thereafter (each, a "REPAYMENT DATE") and on the
Maturity Date, whether by acceleration or otherwise. Accrued interest on the
Non-Amortizing Principal Amount shall be payable only on the Maturity Date or,
in the event of the redemption or conversion of all or any portion of the
Non-Amortizing Principal

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Amount, accrued interest on the amount so redeemed or converted shall be paid on
the date of redemption or conversion, as the case may be.

         1.1 (b) Interest Rate Adjustment. The Interest Rate shall be subject to
adjustment on the last business day of each month hereafter until the Maturity
Date (each a "Determination Date"). If on any Determination Date (i) the
Borrower shall have registered under the Securities Act of 1933, as amended (the
"SECURITIES ACT"), the shares of Common Stock underlying each of the conversion
of the entire amount of this Note and the exercise of the Warrant and related
Option issued in connection herewith on a registration statement declared
effective by the Securities and Exchange Commission (the "SEC"), and (ii) the
market price (the "Market Price") of the Common Stock as reported by Bloomberg,
L.P. on the Principal Market (as defined below) for the five (5) consecutive
trading days immediately preceding such Determination Date exceeds the then
applicable Fixed Conversion Price by at least twenty five percent (25%), the
Interest Rate for the succeeding calendar month shall automatically be reduced
by 25 basis points (25 b.p.) (0.25%) for each incremental twenty five percent
(25%) increase in the Market Price of the Common Stock above the then applicable
Fixed Conversion Price. Notwithstanding the foregoing (and anything to the
contrary contained in herein), in no event shall the Interest Rate be less than
zero percent (0%).

         1.2 Minimum Monthly Principal Payments. Amortizing payments of the
outstanding principal amount of this Note not contained in the Restricted
Account (as defined in the Restricted Account Agreement) shall begin on April 1,
2005 and shall recur on each succeeding Repayment Date thereafter until the
Amortizing Principal Amount has been repaid in full, whether by the payment of
cash or by the conversion of such principal into Common Stock pursuant to the
terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment
Date, the Borrower shall make payments to the Holder in the amount of $100,000
(the "MONTHLY PRINCIPAL AMOUNT"), together with any accrued and unpaid interest
then due on such portion of the Amortizing Principal Amount plus any and all
other amounts which are then owing under this Note that have not been paid (the
Monthly Principal Amount, together with such accrued and unpaid interest and
such other amounts, collectively, the "MONTHLY AMOUNT") ; provided that,
following a release of an amount of funds from the Restricted Account (as
defined in the Restricted Account Agreement) for the purposes set forth in the
Restricted Account Side Letter (other than with respect to a release that occurs
as a result of a conversion of any Principal Amount represented by funds
contained in the Restricted Account) (each, a "RELEASE AMOUNT") each Monthly
Principal Amount due on any Repayment Date following any such release shall be
increased by an amount equal to (x) such Release Amount divided by (y) the sum
of (I) the number of Repayment Dates remaining until the Maturity Date plus (II)
one (1). Any Amortizing Principal Amount that remains outstanding on the
Maturity Date shall be due and payable on the Maturity Date.

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                                   ARTICLE II
                              CONVERSION REPAYMENT

         2.1 (a) Payment of Monthly Amount in Cash or Common Stock. If the
Monthly Amount (or a portion thereof of such Monthly Amount if such portion of
the Monthly Amount would have been converted into shares of Common Stock but for
Section 3.2) is required to be paid in cash pursuant to Section 2.1(b), then the
Borrower shall pay the Holder the Monthly Amount due on such Repayment Date in
cash. If the Monthly Amount (or a portion of such Monthly Amount if not all of
the Monthly Amount may be converted into shares of Common Stock pursuant to
Section 3.2) is required to be paid in shares of Common Stock pursuant to
Section 2.1(b), the number of such shares to be issued by the Borrower to the
Holder on such Repayment Date (in respect of such portion of the Monthly Amount
converted into in shares of Common Stock pursuant to Section 2.1(b)), shall be
the number determined by dividing (x) the Monthly Amount converted into shares
of Common Stock, by (y) the then applicable Fixed Conversion Price. For purposes
hereof, the initial "FIXED CONVERSION PRICE" means $3.00.

                  (b) Monthly Amount Conversion Guidelines. Subject to Sections
2.1(a), 2.2 and 3.2 hereof, the Borrower will pay the Monthly Amount due to the
Holder on each Repayment according to the following guidelines (collectively,
the "CONVERSION CRITERIA"): (i) the average closing price of the Common Stock as
reported by Bloomberg, L.P. on the Principal Market for the five (5) consecutive
trading days immediately preceding such Notice Date shall be greater than or
equal to 110% of the Fixed Conversion Price and (ii) the amount of such
conversion does not exceed twenty five percent (25%) of the aggregate dollar
trading volume of the Common Stock for the twenty two (22) day trading period
immediately preceding delivery of a Repayment Notice. If the Conversion Criteria
are not met, the Holder shall convert only such part of the Monthly Amount that
meets the Conversion Criteria. Any part of the Monthly Amount due on a Repayment
Date that the Holder has not been able to convert into shares of Common Stock
due to failure to meet the Conversion Criteria, shall be paid by the Borrower in
cash on such Repayment Date, within three (3) business days of the applicable
Repayment Date.

                   (c) Subject to Sections 2.1, 2.2 and 3.2 hereof, if the
average closing price of the Common Stock on the Principal Market is less than
one hundred ten percent (110%) of the Fixed Conversion Price for the five (5)
trading days immediately preceding a Repayment Date, then the Holder shall
provide the Borrower with a Repayment Notice requiring the conversion of the
Monthly Amount (together with accrued and unpaid interest and applicable fees),
as of the date of the Repayment Notice at a Fixed Conversion Price equal to the
lesser of (i) eighty five percent (85%) of the average of the closing prices of
the Common Stock during the twenty (20) trading days immediately prior to the
date of the delivery of such respective Repayment Notice and (ii) eighty five
percent (85%) of the average of the three closing prices of the Common Stock for
the three trading days immediately prior to the date of the delivery of such
respective Repayment Notice; provided, however, that such conversion of the
Monthly Amount due on each Repayment Date does not exceed twenty five percent
(25%) of the aggregate dollar trading volume of the Common Stock for the twenty
two (22) day trading period immediately preceding delivery of a Repayment
Notice. Any part of the Monthly Amount due on such Repayment Date that the
Holder has not been able to

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convert into shares of Common Stock as set forth in this Section 2.1(c) shall be
paid in cash on such Repayment Date, within three (3) business days of the
applicable Repayment Date. In no event shall the Fixed Conversion Price for the
purposes of this Section 2.1(c) be less than $2.20.

                   (c) Application of Conversion Amounts. Any amounts converted
by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments
of, or applied against, (i) first, outstanding fees, (ii) second, accrued
interest on the Amortizing Principal Amount, (iii) third, accrued interest on
the Non-Amortizing Principal Amount and (iv) fourth, the Amortizing Principal
Amount.

         2.2 No Effective Registration. Notwithstanding anything to the contrary
herein, no amount payable hereunder may be converted into Common Stock unless
(a) either (i) an effective current Registration Statement (as defined in the
Registration Rights Agreement) covering the shares of Common Stock to be issued
in satisfaction of such obligations exists, or (ii) an exemption from
registration of the Common Stock is available pursuant to Rule 144 of the
Securities Act, and (b) no Event of Default hereunder exists and is continuing,
unless such Event of Default is cured within any applicable cure period or is
otherwise waived in writing by the Holder in whole or in part at the Holder's
option.

         2.3 Optional Redemption of Amortizing Principal Amount. The Borrower
will have the option of prepaying the outstanding Amortizing Principal Amount
("OPTIONAL AMORTIZING REDEMPTION"), in whole or in part, by paying to the Holder
a sum of money equal to one hundred twenty five percent (125%) of the Amortizing
Principal Amount to be redeemed, together with accrued but unpaid interest
thereon and any and all other sums due, accrued or payable to the Holder arising
under this Note, the Purchase Agreement or any Related Agreement (the
"AMORTIZING REDEMPTION AMOUNT") on the day written notice of redemption (the
"NOTICE OF AMORTIZING REDEMPTION") is given to the Holder. The Notice of
Amortizing Redemption shall specify the date for such Optional Amortizing
Redemption (the "AMORTIZING REDEMPTION PAYMENT DATE"), which date shall be not
less than seven (7) business days after the date of the Notice of Amortizing
Redemption (the "REDEMPTION PERIOD"). A Notice of Amortizing Redemption shall
not be effective with respect to any portion of the Amortizing Principal Amount
for which the Holder has a pending election to convert pursuant to Section 3.1,
or for conversions initiated or made by the Holder pursuant to Section 3.1
during the Redemption Period. The Amortizing Redemption Amount shall be
determined as if such Holder's conversion elections had been completed
immediately prior to the date of the Notice of Amortizing Redemption. On the
Amortizing Redemption Payment Date, the Amortizing Redemption Amount shall be
paid in good funds to the Holder. In the event the Borrower fails to pay the
Amortizing Redemption Amount on the Amortizing Redemption Payment Date as set
forth herein, then such Notice of Amortizing Redemption will be null and void.

         2.4 Optional Redemption of Non-Amortizing Principal Amount. The
Borrower will have the option of repaying the outstanding Non-Amortizing
Principal Amount ("OPTIONAL NON-AMORTIZING REDEMPTION"), in whole or in part, by
paying the Holder a sum of money equal to one hundred twenty percent (120%) of
the Non-Amortizing Principal Amount to be redeemed, together with accrued but
unpaid interest thereon (the "NON-AMORTIZING REDEMPTION AMOUNT") on the day

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written notice of redemption (the "NOTICE OF NON-AMORTIZING REDEMPTION") is
giving to the Holder. The Notice of Non-Amortizing Redemption shall specify the
date for such Optional Non-Amortizing Redemption (the "NON-AMORTIZING REDEMPTION
DATE"), which date shall be not less than seven (7) business days after the date
of the Notice of Non-Amortizing Redemption (the "NON-AMORTIZING REDEMPTION
PERIOD"). A Notice of Non-Amortizing Redemption shall not be effective with
respect to any portion of the Non-Amortizing Principal Amount for which the
Holder has a pending election to convert pursuant to Section 3.1, or for
conversions initiated or made by the Holder pursuant to Section 3.1 during the
Non-Amortizing Redemption Period. The Non-Amortizing Redemption Amount shall be
determined as if the Holder's conversion elections had been completed
immediately prior to the date of the Notice of Non-Amortizing Redemption. On the
Non-Amortizing Redemption Date, the Non-Amortizing Redemption Amount shall be
paid (i) in good funds to the Holder, (ii) by furnishing the Holder written
direction to notify the bank holding the Restricted Account to release from the
Restricted Account and deliver to the Holder a sum of money equal to the
Non-Amortizing Redemption Amount, or (iii) if the amount on deposit in the
Restricted Account is less than the Non-Amortizing Redemption Amount, by
furnishing the Holder written direction to notify the bank holding the
Restricted Account to release all amounts on deposit in the Restricted Account
to the Holder and delivering to the Holder good funds in an amount equal to the
balance of the Non-Amortizing Redemption Amount.

                                   ARTICLE III
                                CONVERSION RIGHTS

         3.1. Holder's Conversion Rights. Subject to Section 2.2, the Holder
shall have the right, but not the obligation, to convert all or any portion of
the then aggregate outstanding Principal Amount of this Note, together with
interest and fees due hereon, into shares of Common Stock, subject to the terms
and conditions set forth in this Article III. The Holder may exercise such right
by delivery to the Borrower of a written Notice of Conversion pursuant to
Section 3.3. The shares of Common Stock to be issued upon such conversion are
herein referred to as the "CONVERSION SHARES."

         3.2 Conversion Limitation. Notwithstanding anything contained herein to
the contrary, the Holder shall not be entitled to convert, or be required to
receive pursuant to the terms of this Note, an amount that would be convertible
into that number of shares of Common Stock which, at such time, would, when
added to the number of shares of Common Stock otherwise beneficially owned by
such Holder including those issuable upon exercise of warrants held by such
Holder, exceed 4.99% of the outstanding shares of Common Stock of the Borrower
at the time of conversion. For the purposes of the immediately preceding
sentence, beneficial ownership shall be determined in accordance with Section
13(d) of the Exchange Act and Regulation 13d-3 thereunder. The conversion
limitation described in this Section 3.2 shall automatically become null and
void without any notice to Borrower upon the occurrence and during the
continuance beyond any applicable grace period of an Event of Default, or upon
75 days prior notice to the Borrower.

         3.3 Mechanics of Holder's Conversion. (a) In the event that the Holder
elects to convert any amounts outstanding under this Note into Common Stock, the
Holder shall give notice of such

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election by delivering an executed and completed notice of conversion (a "NOTICE
OF CONVERSION") to the Borrower, which Notice of Conversion shall provide a
breakdown in reasonable detail of the Principal Amount, accrued interest and
fees being converted. On each Conversion Date (as hereinafter defined) and in
accordance with its Notice of Conversion, the Holder shall make the appropriate
reduction to the Principal Amount, accrued interest and fees as entered in its
records and shall provide written notice thereof to the Borrower within two (2)
business days after the Conversion Date. Each date on which a Notice of
Conversion is delivered or telecopied to the Borrower in accordance with the
provisions hereof shall be deemed a "CONVERSION DATE". A form of Notice of
Conversion to be employed by the Holder is annexed hereto as Exhibit A.

                  (b) Pursuant to the terms of a Notice of Conversion, the
Borrower will issue instructions to the transfer agent accompanied by an opinion
of counsel, if so required by the Borrower's transfer agent, within two (2)
business days of the date of the delivery to Borrower of the Notice of
Conversion and shall cause the transfer agent to transmit the certificates
representing the Conversion Shares to the Holder (if eligible, such certificate
shall be delivered by crediting the account of the Holder's designated broker
with the Depository Trust Corporation ("DTC") through its Deposit Withdrawal
Agent Commission ("DWAC") system) within three (3) business days after receipt
by the Borrower of the Notice of Conversion (the "DELIVERY DATE"). In the case
of the exercise of the conversion rights set forth herein the conversion
privilege shall be deemed to have been exercised and the Conversion Shares
issuable upon such conversion shall be deemed to have been issued upon the date
of receipt by the Borrower of the Notice of Conversion. The Holder shall be
treated for all purposes as the record holder of such shares of Common Stock,
unless the Holder provides the Borrower written instructions to the contrary.

         3.4      Conversion Mechanics.

                  (a) The number of shares of Common Stock to be issued upon
each conversion of this Note pursuant to this Article III shall be determined by
dividing that portion of the Principal Amount and interest and fees to be
converted, if any, by the then applicable Fixed Conversion Price. In the event
of any conversions of outstanding obligations under this Note in part pursuant
to this Article III, such conversions shall be deemed to constitute conversions
(i) first, of the Monthly Amount for the current calendar month, (ii) then, of
the accrued interest on the Non-Amortizing Principal Amount ,(iii) then of
outstanding Amortizing Principal Amount, by applying the conversion amount to
Monthly Principal Amounts for the remaining Repayment Dates in chronological
order and (iv) then, of outstanding Non-Amortizing Principal Amount..

                  (b)   The Fixed Conversion Price and number and kind of shares
or other securities to be issued upon conversion is subject to adjustment from
time to time upon the occurrence of certain events, as follows:

                        A. Stock Splits, Combinations and Dividends. If the
         shares of Common Stock are subdivided or combined into a greater or
         smaller number of shares of Common Stock, or if a dividend is paid on
         the Common Stock in shares of Common Stock, the Fixed Conversion Price
         or the Conversion Price, as the case may be, shall be proportionately
         reduced in case of subdivision of shares or stock dividend or
         proportionately increased in the case of combination of shares, in each
         such case by the ratio which the total number of shares of Common Stock
         outstanding immediately after such event bears to the total number of
         shares of Common Stock outstanding immediately prior to such event.

                        B. During the period the conversion right exists, the
         Borrower will reserve from its authorized and unissued Common Stock a
         sufficient number of shares to provide for the issuance of Common Stock
         upon the full conversion of this Note. The Borrower represents that
         upon issuance, such shares will be duly and validly issued, fully paid
         and non-assessable. The Borrower agrees that its issuance of this Note
         shall constitute full authority to its officers, agents, and transfer
         agents who are charged with the duty of executing and issuing stock
         certificates to execute and issue the necessary certificates for shares
         of Common Stock upon the conversion of this Note.

                        C. Share Issuances. Subject to the provisions of this
         Section 3.4, if the Borrower shall at any time prior to the conversion
         or repayment in full of the Principal Amount issue any shares of Common
         Stock or securities convertible into Common Stock to a person other
         than the Holder (except (i) pursuant to Subsections A or B above; (ii)
         pursuant to options, warrants or other obligations to issue shares
         outstanding on the date hereof as disclosed to Holder in writing,
         including, without limitation, shares issuable upon the conversion of
         warrants issued on or prior to the date hereof and held by Burnham
         Securities or its affiliates and shares issuable upon conversion of
         that certain $100,000 promissory note of AC Technical Ltd. issued prior
         to the date hereof in favor of Rachel Heller; or (iii) pursuant to
         options that may be issued under any employee incentive stock option
         and/or any qualified stock option plan adopted by the Borrower; (iv)
         pursuant to securities issued to the original Holder on the date
         hereof; or (v) pursuant to securities issued pursuant to acquisitions
         or strategic transactions the primary purpose of which is not raising
         capital, so long as, in the case of this clause (v), such shares of
         Common Stock so issued (or securities convertible into Common Stock so
         issued) are restricted and do not become freely or publicly traded in
         any respect prior to the two year anniversary of the issuance thereof)
         for a consideration per share (the "OFFER PRICE") less than any Fixed
         Conversion Price in effect at the time of such issuance, then such
         Fixed Conversion Price applicable to a portion of the outstanding
         principal amount of this Note (and all interest, fees, costs and
         expenses related thereto) equal to the fair market value of the
         aggregate consideration paid for, or attributable to, such shares of
         Common Stock or securities convertible into Common Stock (the
         "Aggregate Consideration") shall be immediately reset to such lower
         Offer Price at the time of issuance of such securities (provided that,
         in the event that the outstanding principal amount of this Note is
         greater than the respective Aggregate Consideration, the Holder shall
         determine in its sole discretion which portion of the outstanding
         principal amount of this Note shall have a "reset" Fixed Conversion
         Price as a result of such issuance). For example, in the event that the
         Aggregate Consideration equals $1,000,000, a Fixed Conversion Price
         applicable a principal amount of this Note equal to $1,000,000 (plus
         all interest, fees, costs and expenses related thereto) shall be reset
         to the Offer Price if the Offer Price is less than such Fixed
         Conversion Price in effect at the time of such issuance. For purposes
         hereof, the issuance of any security of the Borrower convertible into
         or exercisable or exchangeable for

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         Common Stock shall result in an adjustment to the Fixed Conversion
         Price at the time of issuance of such securities.

                           D. Reclassification, etc. If the Borrower at any time
         shall, by reclassification or otherwise, change the Common Stock into
         the same or a different number of securities of any class or classes,
         this Note, as to the unpaid Principal Amount and accrued interest
         thereon, shall thereafter be deemed to evidence the right to purchase
         an adjusted number of such securities and kind of securities as would
         have been issuable as the result of such change with respect to the
         Common Stock immediately prior to such reclassification or other
         change.

         3.5 Issuance of Replacement Note. Upon any partial conversion of this
Note, a replacement Note containing the same date and provisions of this Note
shall, at the written request of the Holder, be issued by the Borrower to the
Holder for the outstanding Principal Amount of this Note and accrued interest
which shall not have been converted or paid. Subject to the provisions of
Article IV, the Borrower will pay no costs, fees or any other consideration to
the Holder for the production and issuance of a replacement Note.

         3.6 Mandatory Conversion. Notwithstanding anything herein to the
contrary, subject to the conversion limitations set forth in Section 3.2, if,
after the date a registration statement covering the resale of the Conversion
Shares is declared effective, and so long as such registration statement remains
effective, (A) the closing price for any ten (10) consecutive trading days (a
"Conversion Period") exceeds 135% of the then effective Fixed Conversion Price,
the Holder will, within ten (10) trading days of any such Conversion Period,
convert all or part of the then outstanding Principal Amount of this Note plus
all accrued, but unpaid interest thereon. The Holder shall only be required to
effect such a conversion referred to in the immediately preceding sentence if
each of the following shall be true: (i) there is an effective registration
statement pursuant to which the Holder is permitted to utilize the prospectus
thereunder to resell all of the Conversion Shares issued to the Holder (or such
Conversion Shares are eligible under Rule 144 of the Securities Act); (ii) there
is a sufficient number of authorized but unissued and otherwise unreserved
shares of Common Stock for the issuance of all the Conversion Shares as are
issuable to the Holder upon such conversion of this Note pursuant to this
Section 3.6 and (iii) the amount of this Note to be so converted pursuant to
this Section 3.6 (when combined with the amount of the secured convertible
minimum borrowing note issued by the Borrower to the Holder on the date hereof
to be so converted pursuant to Section 3.6 thereof and the amount of any other
promissory note issued by the Borrower to the Holder required to be similarly
manditorily converted) does not exceed ten percent (10%) of the aggregate dollar
trading volume of the Common Stock during the Conversion Period.

                                   ARTICLE IV
                                EVENTS OF DEFAULT

           Upon the occurrence and continuance of an Event of Default beyond any
applicable grace period, the Holder may make all sums of principal, interest and
other fees then remaining unpaid hereon and all other amounts payable hereunder
immediately due and payable. In the event of such

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an acceleration, the amount due and owing to the Holder shall be 120% of the
outstanding principal amount of the Note (plus accrued and unpaid interest and
fees, if any) (the "DEFAULT PAYMENT"). The Default Payment shall be applied
first to any fees due and payable to Holder pursuant to this Note, the Purchase
Agreement or the Related Agreements, then to accrued and unpaid interest due on
the Note and then to outstanding principal balance of the Note.

         The occurrence of any of the following events set forth in Sections 4.1
through 4.10, inclusive, is an "EVENT OF DEFAULT":

         4.1 Failure to Pay Principal, Interest or other Fees. The Borrower
fails to pay when due any installment of principal, interest or other fees
hereon in accordance herewith, or the Borrower fails to pay when due any amount
due under any other promissory note issued by Borrower, and in any such case,
such failure shall continue for a period of three (3) days following the date
upon which any such payment was due.

         4.2 Breach of Covenant. The Borrower breaches any covenant or any other
term or condition of this Note or the Purchase Agreement in any material
respect, or the Borrower or any of its Subsidiaries breaches any covenant or any
other term or condition of any Related Agreement in any material respect and,
any such case, such breach, if subject to cure, continues for a period of
fifteen (15) days after the occurrence thereof.

         4.3 Breach of Representations and Warranties. Any representation or
warranty made by the Borrower in this Note or the Purchase Agreement, or by the
Borrower or any of its Subsidiaries in any Related Agreement, shall, in any such
case, be false or misleading in any material respect on the date that such
representation or warranty was made or deemed made.

         4.4 Receiver or Trustee. The Borrower or any of its Subsidiaries shall
make an assignment for the benefit of creditors, or apply for or consent to the
appointment of a receiver or trustee for it or for a substantial part of its
property or business; or such a receiver or trustee shall otherwise be
appointed.

         4.5 Judgments. Any money judgment, writ or similar final process shall
be entered or filed against the Borrower or any of its Subsidiaries or any of
their respective property or other assets for more than $250,000, and shall
remain unvacated, unbonded or unstayed for a period of sixty days.

         4.6 Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation
proceedings or other proceedings or relief under any bankruptcy law or any law
for the relief of debtors shall be instituted (i) by the Borrower or any of its
Subsidiaries or (ii) against the Borrower or any of its Subsidiaries and, solely
in the case of this clause (ii), remains undismissed for a period of 60 days.

         4.7 Stop Trade. An SEC stop trade order or Principal Market trading
suspension of the Common Stock shall be in effect for five (5) consecutive days
or five (5) days during a period of ten (10) consecutive days, excluding in all
cases a suspension of all trading on a Principal Market, provided that the
Borrower shall not have been able to cure such trading suspension within thirty

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(30) days of the notice thereof or list the Common Stock on another Principal
Market within sixty (60) days of such notice. The "Principal Market" for the
Common Stock shall include the NASD OTC Bulletin Board, NASDAQ SmallCap Market,
NASDAQ National Market System, American Stock Exchange, or New York Stock
Exchange (whichever of the foregoing is at the time the principal trading
exchange or market for the Common Stock).

         4.8 Failure to Deliver Common Stock or Replacement Note. The Borrower
shall fail (i) to timely deliver Common Stock to the Holder pursuant to and in
the form required by this Note, and Section 9 of the Purchase Agreement, if such
failure to timely deliver Common Stock shall not be cured within three (3)
business days or (ii) to deliver a replacement Note to Holder within seven (7)
business days following the required date of such issuance pursuant to this
Note, the Purchase Agreement or any Related Agreement (to the extent required
under such agreements).

         4.9 Default Under Related Agreements or Other Agreements. The
occurrence and continuance of any Event of Default (as defined in the Purchase
Agreement or any Related Agreement) or any event of default (or similar term)
under any other indebtedness.

         4.10 Change in Control. (i) Any "Person" or "group" (as such terms are
defined in Sections 13(d) and 14(d) of the Exchange Act, as in effect on the
date hereof) is or becomes the "beneficial owner" (as defined in Rules 13(d)-3
and 13(d)-5 under the Exchange Act), directly or indirectly, of 35% or more on a
fully diluted basis of the then outstanding voting equity interest of the
Borrower or (ii) the Board of Directors of the Borrower shall cease to consist
of a majority of the Board of Directors of the Borrower on the date hereof (or
directors appointed by a majority of the Board of Directors in effect
immediately prior to such appointment).

                           DEFAULT RELATED PROVISIONS

         4.11 Default Interest Rate. Following the occurrence and during the
continuance of an Event of Default and following the expiration of all
applicable notice and cure periods related thereto, the Borrower shall pay
additional interest on this Note on a monthly basis in an amount equal to
eighteen (18%) per annum, and all outstanding obligations under this Note,
including unpaid interest, shall continue to accrue such additional interest
from the date of such Event of Default until the date such Event of Default is
cured or waived.

         4.12 Conversion Privileges. The conversion privileges set forth in
Article III shall remain in full force and effect immediately from the date
hereof and until this Note is paid in full.

         4.13 Cumulative Remedies. The remedies under this Note shall be
cumulative.

                                    ARTICLE V
                                  MISCELLANEOUS

                                    10 of 14
<PAGE>

         5.1 General Interest Rules. Notwithstanding any provisions herein, (i)
in no event shall the aggregate "interest" (as that term is defined in Section
347 of the Criminal Code (Canada) paid hereunder result in the receipt by the
Holder of interest at a "criminal rate" (as such term is construed under the
Criminal Code of Canada"); (ii) unless otherwise specified herein, whenever any
amount is payable hereunder as interest or as a fee which requires the
calculation of an amount using a percentage per annum, such amount shall be
calculated as of the date payment is due without application of the "deemed
reinvestment principle" or the "effective yield method"; and (iii) for purposes
of disclosure under the Interest Act (Canada) where interest is calculated
pursuant thereto at a rate based upon a year of 360, 365 or 366 days, as the
case may be (the "First Rate"), the rate or percentage of interest on a yearly
basis is equivalent to such First Rate multiplied by the actual number of days
in the year divided by 360, 365 or 366 , as the case may be.

         5.2 Failure or Indulgence Not Waiver. No failure or delay on the part
of the Holder hereof in the exercise of any power, right or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of
any such power, right or privilege preclude other or further exercise thereof or
of any other right, power or privilege. All rights and remedies existing
hereunder are cumulative to, and not exclusive of, any rights or remedies
otherwise available.

         5.2 Notices. Any notice herein required or permitted to be given shall
be in writing and shall be deemed effectively given: (a) upon personal delivery
to the party notified, (b) when sent by confirmed telex or facsimile if sent
during normal business hours of the recipient, if not, then on the next business
day, (c) five days after having been sent by registered or certified mail,
return receipt requested, postage prepaid, or (d) one day after deposit with a
nationally recognized overnight courier, specifying next day delivery, with
written verification of receipt. All communications shall be sent to the
Borrower at the address provided in the Purchase Agreement executed in
connection herewith, and to the Holder at the address provided in the Purchase
Agreement for such Holder, with a copy to John E. Tucker, Esq., 825 Third
Avenue, 14th Floor, New York, New York 10022, facsimile number (212) 541-4434,
or at such other address as the Borrower or the Holder may designate by ten days
advance written notice to the other parties hereto. A Notice of Conversion shall
be deemed given when made to the Borrower pursuant to the Purchase Agreement.

         5.3 Amendment Provision. The term "Note" and all reference thereto, as
used throughout this instrument, shall mean this instrument as originally
executed, or if later amended or supplemented, then as so amended or
supplemented, and any successor instrument issued pursuant to Section 3.5
hereof, as it may be amended or supplemented.

         5.4 Assignability. This Note shall be binding upon the Borrower and its
successors and assigns, and shall inure to the benefit of the Holder and its
successors and assigns, and may be assigned by the Holder in accordance with the
requirements of the Purchase Agreement. This Note shall not be assigned by the
Borrower without the consent of the Holder.

         5.5 Governing Law. This Note shall be governed by and construed in
accordance with the laws of the State of New York, without regard to principles
of conflicts of laws. Any action brought by either party against the other
concerning the transactions contemplated by this Agreement shall be brought only
in the state courts of New York or in the federal courts located in the state of

                                    11 of 14
<PAGE>

New York. Both parties to this Note agree to submit to the jurisdiction of such
courts. The prevailing party shall be entitled to recover from the other party
its reasonable attorney's fees and costs. In the event that any provision of
this Note is invalid or unenforceable under any applicable statute or rule of
law, then such provision shall be deemed inoperative to the extent that it may
conflict therewith and shall be deemed modified to conform with such statute or
rule of law. Any such provision which may prove invalid or unenforceable under
any law shall not affect the validity or unenforceability of any other provision
of this Note. Nothing contained herein shall be deemed or operate to preclude
the Holder from bringing suit or taking other legal action against the Borrower
in any other jurisdiction to collect on the Borrower's obligations to Holder, to
realize on any collateral or any other security for such obligations, or to
enforce a judgment or other court in favor of the Holder.

         5.6 Maximum Payments. Nothing contained herein shall be deemed to
establish or require the payment of a rate of interest or other charges in
excess of the maximum permitted by applicable law. In the event that the rate of
interest required to be paid or other charges hereunder exceed the maximum
permitted by such law, any payments in excess of such maximum shall be credited
against amounts owed by the Borrower to the Holder and thus refunded to the
Borrower.

         5.7 Security Interest and Guarantee. The Holder has been granted a
security interest (i) in certain assets of the Borrower and its Subsidiaries as
more fully described in the Master Security Agreement dated as of the date
hereof and certain other Related Agreements and (ii) pursuant to the Stock
Pledge Agreement dated as of the date hereof. The obligations of the Borrower
under this Note are guaranteed by certain Subsidiaries of the Borrower pursuant
to the Subsidiary Guaranty dated as of the date hereof.

         5.8 Construction. Each party acknowledges that its legal counsel
participated in the preparation of this Note and, therefore, stipulates that the
rule of construction that ambiguities are to be resolved against the drafting
party shall not be applied in the interpretation of this Note to favor any party
against the other.

         5.9 Cost of Collection. If default is made in the payment of this Note,
the Borrower shall pay to Holder reasonable costs of collection, including
reasonable attorney's fees.

       [Balance of page intentionally left blank; signature page follows.]

                                    12 of 14
<PAGE>

         IN WITNESS WHEREOF, the Borrower has caused this Note to be signed in
its name effective as of this 30th day of September, 2004.

                                            CREATIVE VISTAS, INC.

                                            By: /s/ Sayan Navaratnam
                                                --------------------------------
                                            Name:  Sayan Navaratnam
                                            Title: CEO

WITNESS:

/s/ Michael Nett
-------------------------------

                                    13 of 14
<PAGE>

                                                                       EXHIBIT A

                              NOTICE OF CONVERSION

(To be executed by the Holder in order to convert all or part of the Note into
Common Stock

[Name and Address of Holder]

The Undersigned hereby converts $_________ of the principal due on [specify
applicable Repayment Date] under the Convertible Term Note issued by Creative
Vistas, Inc. dated September 30, 2004 by delivery of Shares of Common Stock of
Creative Vistas, Inc. on and subject to the conditions set forth in Article III
of such Note.

1.     Date of Conversion         _______________________

2.     Shares To Be Delivered:    _______________________

3.     Delivery Instructions:     _______________________

                                  _______________________

                                              By:_______________________________
                                              Name:_____________________________
                                              Title:____________________________

                                    14 of 14Exhibit 10.4

THIS NOTE AND THE COMMON STOCK  ISSUABLE  UPON  CONVERSION OF THIS NOTE HAVE NOT
BEEN  REGISTERED  UNDER THE  SECURITIES  ACT OF 1933,  AS AMENDED,  OR ANY STATE
SECURITIES LAWS. THIS NOTE AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS
NOTE MAY NOT BE SOLD,  OFFERED FOR SALE,  PLEDGED OR HYPOTHECATED IN THE ABSENCE
OF AN  EFFECTIVE  REGISTRATION  STATEMENT AS TO THIS NOTE UNDER SAID ACT AND ANY
APPLICABLE  STATES   SECURITIES  LAWS  OR  AN  OPINION  OF  COUNSEL   REASONABLY
SATISFACTORY TO CREATIVE VISTAS, INC. THAT SUCH REGISTRATION IS NOT REQUIRED.

                   SECURED CONVERTIBLE MINIMUM BORROWING NOTE

      FOR VALUE RECEIVED,  CREATIVE  VISTAS,  INC., an Arizona  corporation (the
"BORROWER"), promises to pay to LAURUS MASTER FUND, LTD., M&C Corporate Services
Limited,  P.O. Box 309 GT, Ugland House, South Church Street, George Town, Grand
Cayman,  Cayman  Islands,  Fax:  345-949-8080  (the  "HOLDER") or its registered
assigns,  on  order,  the  sum of  One  Million  Dollars  ($1,000,000),  of,  if
different,  the  aggregate  principal  amount  of all  "Loans"  (as such term is
defined in the Security Agreement referred to below),  together with any accrued
and unpaid interest hereon, on September 30, 2007 (the "MATURITY DATE").

      Capitalized  terms used herein without  definition shall have the meanings
ascribed  to such terms in the  Security  Agreement  between  Borrower,  certain
Subsidiaries  of the Borrower and the Holder dated as of September  30, 2004 (as
amended, modified and supplemented from time to time, the "SECURITY AGREEMENT").

The following terms shall apply to this Minimum Borrowing Note (this "Note"):

                                   ARTICLE I
                                    INTEREST

            1.1  Contract  Rate.  Subject to Sections  4.2,  5.1 and 6.7 hereof,
interest  payable  on this Note  shall  accrue at a rate per annum  equal to the
"prime rate"  published in The Wall Street  Journal from time to time,  plus two
percent  (2%) (the  "CONTRACT  RATE").  The Prime  Rate  shall be  increased  or
decreased as the case may be for each  increase or decrease in the Prime Rate in
an amount equal to such  increase or decrease in the Prime Rate;  each change to
be  effective  as of the day of the change in such rate in  accordance  with the
terms of the Security Agreement. Subject to Section 1.2, the Contract Rate shall
not be less than six percent (6 %).

            1.2 Contract Rate Adjustments and Payments.  The Contract Rate shall
be  calculated  on the last  business  day of each  month  hereafter  until  the
Maturity Date (each a  "Determination  Date") and shall be subject to adjustment
as set forth herein. If (i) the Borrower shall have registered the shares of the
Borrower's  common stock  underlying each of the conversion of the Note and that
certain warrant and option issued to Holder on a registration statement declared
effective by the Securities and Exchange  Commission  (the "SEC"),  and (ii) the
market price (the "Market  Price") of the Common Stock as reported by Bloomberg,
L.P. on the  Principal  Market (as defined  below) for the five (5) trading days
immediately  preceding a Determination  Date exceeds the then  applicable  Fixed
Conversion  Price by at least twenty five percent  (25%),  the Contract Rate for
the succeeding  calendar month shall automatically be reduced by 25 basis points
(25 b.p.) (0.25%) for each incremental twenty five percent (25%) increase in the
Market  Price of the Common  Stock above the then  applicable  Fixed  Conversion
Price.  Notwithstanding the foregoing (and anything to the contrary contained in
herein),  in no event shall the Contract  Rate be less than zero  percent  (0%).
Interest  shall  be (i)  calculated  on the  basis of a 360 day  year,  and (ii)
payable monthly, in arrears, in cash,  commencing on November 1, 2004 and on the
first  business day of each  consecutive  calendar  month  thereafter  until the
Maturity Date (and on the Maturity  Date),  whether by acceleration or otherwise
(each, a "CONTRACT RATE PAYMENT DATE").
<PAGE>

                                   ARTICLE II
                          ADVANCES, PAYMENTS UNDER NOTE

            2.1.  Mechanics of Advances.  All Loans evidenced by this Note shall
be made in accordance with the terms and provisions of the Security Agreement.

            2.2. Fixed Conversion Price. For purposes hereof, subject to Section
3.5 hereof, the initial "FIXED CONVERSION PRICE" means $3.00.

            2.3.  No  Effective  Registration.  Notwithstanding  anything to the
contrary herein,  the Holder shall not be required accept shares of Common Stock
as payment  following  a  conversion  by the  Holder if there  fails to exist an
effective current Registration  Statement (as defined in the Registration Rights
Agreement)  covering the shares of Common Stock to be issued,  or if an Event of
Default hereunder exists and is continuing, unless such requirement is otherwise
waived in writing by the Holder in whole or in part at the Holder's option.

            2.4. Optional  Redemption in Cash. The Borrower will have the option
of prepaying this Note ("OPTIONAL  REDEMPTION") by paying to the Holder a sum of
money equal to one hundred twenty five percent (125%) of the principal amount of
this Note  together  with  accrued but unpaid  interest  thereon and any and all
other sums due,  accrued or payable to the Holder  arising under this Note,  the
Security  Agreement,  or any  Ancillary  Agreement  (as defined in the  Security
Agreement)  (the  "REDEMPTION  AMOUNT") on the day written  notice of redemption
(the "NOTICE OF  REDEMPTION")  is given to the Holder.  The Notice of Redemption
shall specify the date for such Optional  Redemption  (the  "REDEMPTION  PAYMENT
DATE")  which  date  shall be seven  (7) days  after  the date of the  Notice of
Redemption  (the  "REDEMPTION  PERIOD").  A Notice  of  Redemption  shall not be
effective  with  respect  to any  portion  of this Note for which the Holder has
previously  delivered a Notice of Conversion (defined below) pursuant to Section
3.1, or for conversions elected to be made by the Holder pursuant to Section 3.1
during the Redemption  Period.  The Redemption  Amount shall be determined as if
such Holder's conversion  elections had been completed  immediately prior to the
date of the Notice of Redemption. On the Redemption Payment Date, the Redemption
Amount (plus any  additional  interest and fees accruing on the Notes during the
Redemption  Period) must be irrevocably  paid in full in  immediately  available
funds to the  Holder.  In the event  the  Borrower  fails to pay the  Redemption
Amount on the Redemption  Payment Date, then such Redemption Notice will be null
and void.

                                       2
<PAGE>

                                  ARTICLE III
                           HOLDER'S CONVERSION RIGHTS

            3.1. Optional Conversion.  Subject to the terms of this Article III,
the Holder shall have the right,  but not the obligation,  at any time until the
Maturity  Date, or thereafter  during an Event of Default (as defined in Article
V), and, subject to the limitations set forth in Section 3.2 hereof,  to convert
all or  any  portion  of the  then  outstanding  principal  of  this  Note  (the
"Principal Amount") and/or accrued interest and fees due and payable thereon, in
each case, into fully paid and  nonassessable  shares of the Common Stock at the
Fixed  Conversion  Price.  The  shares  of Common  Stock to be issued  upon such
conversion are herein referred to as the "CONVERSION SHARES."

            3.2.  Conversion  Limitation.   Notwithstanding  anything  contained
herein to the contrary,  the Holder shall not be entitled to convert,  an amount
that  would be  convertible  into that  number of shares of Common  Stock  which
would,  at such time exceed,  when added to the number of shares of Common Stock
otherwise  beneficially  owned by such  Holder  including  those  issuable  upon
exercise of warrants and options held by such Holder,  4.99% of the  outstanding
shares  of  Common  Stock of the  Borrower  at the time of  conversion.  For the
purposes of the immediately  preceding sentence,  beneficial  ownership shall be
determined in accordance  with Section 13(d) of the Exchange Act and  Regulation
13d-3 thereunder.  The conversion limitation described in this Section 3.2 shall
automatically  become  null and void  without  any notice to  Borrower  upon the
occurrence and during the continuance  beyond any applicable  grace period of an
Event of Default, or upon 75 days prior notice to the Borrower.

            3.3. Mechanics of Holder's Conversion.  In the event that the Holder
elects to convert this Note into Common  Stock,  the Holder shall give notice of
such  election by  delivering  an executed and  completed  notice of  conversion
("NOTICE OF  CONVERSION")  to the Borrower and such Notice of  Conversion  shall
provide a  breakdown  in  reasonable  detail of the  Principal  Amount,  accrued
interest  and  fees  that  are  being  converted.  On each  Conversion  Date (as
hereinafter defined) and in accordance with its Notice of Conversion, the Holder
shall make the appropriate  reduction to the Principal Amount,  accrued interest
and fees as entered in its records and shall provide  written  notice thereof to
the Borrower  within two (2) business days after the Conversion  Date. Each date
on which a Notice of  Conversion  is delivered or  telecopied to the Borrower in
accordance  with the  provisions  hereof shall be deemed a Conversion  Date (the
"CONVERSION  DATE"). A form of Notice of Conversion to be employed by the Holder
is  annexed  hereto  as  Exhibit  A.  Pursuant  to the  terms of the  Notice  of
Conversion,   the  Borrower  will  issue  instructions  to  the  transfer  agent
accompanied by an opinion of counsel,  if such opinion of counsel is required by
the transfer agent,  within two (2) business days of the date of the delivery to
Borrower  of the Notice of  Conversion  and shall  cause the  transfer  agent to
transmit the certificates  representing the Conversion  Shares to the Holder (if
eligible,  such certificates  shall be delivered by crediting the account of the
Holder's designated broker with the Depository Trust Corporation ("DTC") through
its  Deposit  Withdrawal  Agent  Commission  ("DWAC")  system  within  three (3)
business  days after  receipt by the Borrower of the Notice of  Conversion  (the
"DELIVERY  DATE")).  In the case of the  exercise of the  conversion  rights set
forth herein the conversion privilege shall be deemed to have been exercised and
the Conversion Shares issuable upon such conversion shall be deemed to have been
issued upon the date of receipt by the Borrower of the Notice of Conversion. The
Holder  shall be treated for all  purposes  as the record  holder of such Common
Stock,  unless the Holder  provides the  Borrower  written  instructions  to the
contrary.

                                       3
<PAGE>

            3.4. Late  Payments.  The Borrower  understands  that a delay in the
delivery  of the shares of Common  Stock in the form  required  pursuant to this
Article beyond the Delivery Date could result in economic loss to the Holder. As
compensation  to the  Holder  for such  loss,  the  Borrower  agrees to pay late
payments to the Holder for late  issuance  of such  shares in the form  required
pursuant to this Article III upon conversion of the Note, in the amount equal to
$250 per  business  day after the  Delivery  Date.  The  Borrower  shall pay any
payments incurred under this Section in immediately available funds upon written
demand from Holder.

            3.5.  Adjustment  Provisions.  The Fixed Conversion Price and number
and kind of shares or other  securities to be issued upon conversion  determined
pursuant  to Section 2.2 shall be subject to  adjustment  from time to time upon
the happening of certain events while this conversion right remains outstanding,
as follows:

                  A.  Reclassification,  etc. If the Borrower at any time shall,
by  reclassification  or  otherwise,  change the Common Stock into the same or a
different  number of  securities  of any class or classes,  this Note, as to the
unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed
to evidence the right to purchase an adjusted number of such securities and kind
of  securities  as would have been  issuable  as the result of such  change with
respect to the Common Stock (i) immediately  prior to or (ii) immediately  after
such reclassification or other change at the sole election of the Holder.

                  B. Stock Splits,  Combinations and Dividends. If the shares of
Common  Stock are  subdivided  or combined  into a greater or smaller  number of
shares of Common  Stock,  or if a dividend  is paid on the  Common  Stock or any
preferred  stock  issued by the  Borrower in shares of Common  Stock,  the Fixed
Conversion  Price shall be  proportionately  reduced in case of  subdivision  of
shares or stock dividend or proportionately increased in the case of combination
of shares,  in each such case by the ratio  which the total  number of shares of
Common Stock outstanding  immediately after such event bears to the total number
of shares of Common Stock outstanding immediately prior to such event.

                  C. Share Issuances.  Subject to the provisions of this Section
3.5, if the Borrower  shall at any time prior to the  conversion or repayment in
full of the  Principal  Amount  issue any shares of Common  Stock or  securities
convertible  into  Common  Stock to a person  other than the Holder  (except (i)
pursuant to  Subsections  A or B above;  (ii)  pursuant to options,  warrants or
other obligations to issue shares outstanding on the date hereof as disclosed to
Holder in writing,  including,  without  limitation,  shares  issuable  upon the
conversion of warrants issued on or prior to the date hereof and held by Burnham
Securities or its affiliates and shares issuable upon conversion of that certain
$100,000 promissory note of AC Technical Ltd. issued prior to the date hereof in
favor of Rachel  Heller;  or (iii)  pursuant to options that may be issued under
any employee  incentive  stock  option  and/or any  qualified  stock option plan
adopted by the  Borrower;  (iv)  pursuant to  securities  issued to the original
Holder on the date hereof;  or (v) pursuant to  securities  issued in connection
with acquisitions or strategic  transactions the primary purpose of which is not
raising  capital,  so long as, in the case of this  clause  (v),  such shares of
Common Stock so issued (or securities  convertible  into Common Stock so issued)
are restricted and do not become freely or publicly  traded in any respect prior
to the two year  anniversary of the issuance  thereof) for a  consideration  per
share (the "OFFER PRICE") less than any Fixed  Conversion Price in effect at the
time of such issuance,  then such Fixed Conversion Price applicable to a portion
of the outstanding principal amount of this Note (and all interest,  fees, costs
and expenses  related  thereto)  equal to the fair market value of the aggregate
consideration  paid for, or  attributable  to,  such  shares of Common  Stock or
securities  convertible into Common Stock (the "Aggregate  Consideration") shall
be  immediately  reset to such lower Offer Price at the time of issuance of such
securities (provided that, in the event that the outstanding principal amount of
this Note is greater than the  respective  Aggregate  Consideration,  the Holder
shall  determine  in its  sole  discretion  which  portion  of  the  outstanding
principal  amount of this Note shall have a "reset" Fixed  Conversion Price as a
result  of  such  issuance).  For  example,  in the  event  that  the  Aggregate
Consideration equals $1,000,000, a Fixed Conversion Price applicable a principal
amount of this Note equal to  $1,000,000  (plus all  interest,  fees,  costs and
expenses  related  thereto) shall be reset to the Offer Price if the Offer Price
is less than such Fixed Conversion Price in effect at the time of such issuance.
For purposes  hereof,  the issuance of any security of the Borrower  convertible
into or  exercisable  or  exchangeable  for  Common  Stock  shall  result  in an
adjustment  to the  Fixed  Conversion  Price  at the  time of  issuance  of such
securities.

                                       4
<PAGE>

                  D.   Computation  of   Consideration.   For  purposes  of  any
computation  respecting  consideration  received pursuant to Subsection C above,
the following shall apply:

                        (a) in the case of the  issuance  of  shares  of  Common
Stock for cash,  the  consideration  shall be the amount of such cash,  provided
that in no case shall any  deduction be made for any  commissions,  discounts or
other  expenses  incurred by the Borrower for any  underwriting  of the issue or
otherwise in connection therewith;

                        (b) in the case of the  issuance  of  shares  of  Common
Stock for a consideration in whole or in part other than cash, the consideration
other  than  cash  shall  be  deemed  to be the fair  market  value  thereof  as
determined in good faith by the Board of Directors of the Borrower (irrespective
of the accounting treatment thereof); and

                        (c) Upon any such exercise, the aggregate  consideration
received for such securities shall be deemed to be the consideration received by
the Borrower for the issuance of such  securities  plus the  additional  minimum
consideration,  if any, to be received by the Borrower  upon the  conversion  or
exchange  thereof (the  consideration  in each case to be determined in the same
manner as provided in clauses (a) and (b) of this Subsection (D)).

            3.6.  Reservation of Shares.  During the period the conversion right
exists,  the Borrower will reserve from its authorized and unissued Common Stock
a  sufficient  number of shares to provide for the issuance of Common Stock upon
the full  conversion of this Note. The Borrower  represents  that upon issuance,
such shares will be duly and validly issued, fully paid and non-assessable.  The
Borrower  agrees that its issuance of this Note shall  constitute full authority
to its officers,  agents,  and transfer  agents who are charged with the duty of
executing  and issuing  stock  certificates  to execute and issue the  necessary
certificates for shares of Common Stock upon the conversion of this Note.

                                       5
<PAGE>

            3.7.  Registration  Rights. The Holder has been granted registration
rights with respect to the shares of Common Stock  issuable  upon  conversion of
this Note as more fully set forth in a Registration Rights Agreement dated as of
the date hereof between the Borrower and the Holder.

            3.8 Mandatory  Conversion.  Notwithstanding  anything  herein to the
contrary,  subject to the conversion  limitations  set forth in Section 3.2, if,
after the date a  registration  statement  covering the resale of the Conversion
Shares is declared effective, and so long as such registration statement remains
effective,  (A) the closing price for any ten (10)  consecutive  trading days (a
"Conversion  Period") exceeds 135% of the then effective Fixed Conversion Price,
the Holder will,  within ten (10) trading  days of any such  Conversion  Period,
convert all or part of the then  outstanding  Principal Amount of this Note plus
all accrued,  but unpaid interest thereon.  The Holder shall only be required to
effect such a conversion  referred to in the immediately  preceding  sentence if
each of the  following  shall be true:  (i) there is an  effective  registration
statement  pursuant to which the Holder is permitted  to utilize the  prospectus
thereunder to resell all of the Conversion  Shares issued to the Holder (or such
Conversion Shares are eligible under Rule 144 of the Securities Act); (ii) there
is a sufficient  number of  authorized  but unissued  and  otherwise  unreserved
shares of Common  Stock for the  issuance  of all the  Conversion  Shares as are
issuable  to the  Holder  upon such  conversion  of this Note  pursuant  to this
Section  3.8 and (iii) the amount of this Note to be so  converted  pursuant  to
this Section 3.8 (when combined with the amount of the secured  convertible term
note issued by the  Borrower to the Holder on the date hereof to be so converted
pursuant  to Section 3.6  thereof  and the amount of any other  promissory  note
issued by the  Borrower  to the  Holder  required  to be  similarly  manditorily
converted)  does not exceed ten percent  (10%) of the aggregate  dollar  trading
volume of the Common Stock during the Conversion Period.

                                   ARTICLE IV
                                EVENTS OF DEFAULT

            4.1. The  occurrence of any of the events set forth in Section 19 of
the Security Agreement shall constitute an Event of Default ("EVENT OF DEFAULT")
hereunder.

                           DEFAULT RELATED PROVISIONS

            4.2 Default  Interest Rate.  Following the occurrence and during the
continuance  of an  Event  of  Default  and  following  the  expiration  of  all
applicable  notice and cure periods  related  thereto,  the  Borrower  shall pay
additional  interest  on this  Note on a  monthly  basis in an  amount  equal to
eighteen  percent  (18%) per annum and all  outstanding  Obligations,  including
unpaid interest, shall continue to accrue such additional interest from the date
of such  Event of  Default  until the date  such  Event of  Default  is cured or
waived.

            4.3 Conversion  Privileges.  The conversion  privileges set forth in
Article  III shall  remain in full  force and effect  immediately  from the date
hereof and until this Note is paid in full.

                                       6
<PAGE>

            4.4  Cumulative  Remedies.  The  remedies  under  this Note shall be
cumulative.

                                   ARTICLE V
                                DEFAULT PAYMENTS

            5.1.  Default  Payment.  If  an  Event  of  Default  occurs  and  is
continuing beyond any applicable grace period,  the Holder,  at its option,  may
elect,  in addition  to all rights and  remedies  of Holder  under the  Security
Agreement and the Ancillary Agreements and all obligations of Borrower under the
Security Agreement and the Ancillary Agreements, to require the Borrower to make
a Default Payment ("DEFAULT PAYMENT").  The Default Payment shall be 120% of the
outstanding principal amount of the Note, plus accrued but unpaid interest,  all
other fees then remaining unpaid, and all other amounts payable  hereunder.  The
Default  Payment  shall be applied  first to any fees due and  payable to Holder
pursuant to the Notes or the  Ancillary  Agreements,  then to accrued and unpaid
interest  due on the  Notes and then to  outstanding  principal  balance  of the
Notes.

            5.2.  Default  Payment  Date.  The Default  Payment shall be due and
payable  immediately  on the date  that the  Holder  has  exercised  its  rights
pursuant to Section 5.1 ("DEFAULT PAYMENT DATE").

                                   ARTICLE VI
                                  MISCELLANEOUS

            6.1. General Interest Rules.  Notwithstanding any provisions herein,
(i) in no event  shall the  aggregate  "interest"  (as that term is  defined  in
Section 347 of the Criminal Code (Canada) paid  hereunder  result in the receipt
by the Holder of interest at a "criminal  rate" (as such term is construed under
the Criminal Code of Canada");  (ii) unless otherwise specified herein, whenever
any amount is payable  hereunder  as  interest  or as a fee which  requires  the
calculation  of an amount  using a  percentage  per annum,  such amount shall be
calculated  as of the date  payment is due  without  application  of the "deemed
reinvestment  principle" or the "effective yield method"; and (iii) for purposes
of  disclosure  under the  Interest Act (Canada)  where  interest is  calculated
pursuant  thereto at a rate based  upon a year of 360,  365 or 366 days,  as the
case may be (the "First  Rate"),  the rate or percentage of interest on a yearly
basis is equivalent  to such First Rate  multiplied by the actual number of days
in the year divided by 360, 365 or 366 , as the case may be.

            6.2.  Failure or Indulgence  Not Waiver.  No failure or delay on the
part of the  Holder  hereof in the  exercise  of any power,  right or  privilege
hereunder  shall  operate as a waiver  thereof,  nor shall any single or partial
exercise  of any  such  power,  right or  privilege  preclude  other or  further
exercise  thereof  or of any other  right,  power or  privilege.  All rights and
remedies existing  hereunder are cumulative to, and not exclusive of, any rights
or remedies otherwise available.

            6.3.  Notices.  Any notice herein  required or permitted to be given
shall be in writing and  provided in  accordance  with the terms of the Security
Agreement.

                                       7
<PAGE>

            6.4. Amendment Provision. The term "Note" and all reference thereto,
as used  throughout  this  instrument,  shall mean this instrument as originally
executed,  or  if  later  amended  or  supplemented,   then  as  so  amended  or
supplemented, and any successor instrument as it may be amended or supplemented.

            6.5. Assignability. This Note shall be binding upon the Borrower and
its successors and assigns, and shall inure to the benefit of the Holder and its
successors and assigns, and may be assigned by the Holder in accordance with the
requirements of the Security Agreement.

            6.6. Cost of  Collection.  If default is made in the payment of this
Note, the Borrower shall pay the Holder hereof  reasonable  costs of collection,
including reasonable attorneys' fees.

            6.7.  Governing Law. This Note shall be governed by and construed in
accordance with the laws of the State of New York,  without regard to principles
of  conflicts  of laws.  Any action  brought by either  party  against the other
concerning the transactions contemplated by this Agreement shall be brought only
in the state courts of New York or in the federal courts located in the state of
New York. Both parties to this Note agree to submit to the  jurisdiction of such
courts.  The prevailing  party shall be entitled to recover from the other party
its  reasonable  attorney's  fees and costs.  In the event that any provision of
this Note is invalid or  unenforceable  under any applicable  statute or rule of
law, then such provision  shall be deemed  inoperative to the extent that it may
conflict  therewith and shall be deemed modified to conform with such statute or
rule of law. Any such provision which may prove invalid or  unenforceable  under
any law shall not affect the validity or unenforceability of any other provision
of this Note.  Nothing  contained  herein shall be deemed or operate to preclude
the Holder from bringing suit or taking other legal action  against the Borrower
in any other jurisdiction to collect on the Borrower's obligations to Holder, to
realize on any  collateral  or any other  security for such  obligations,  or to
enforce a judgment or other court order in favor of Holder.

            6.8. Maximum  Payments.  Nothing contained herein shall be deemed to
establish  or require  the  payment of a rate of  interest  or other  charges in
excess of the maximum permitted by applicable law. In the event that the rate of
interest  required  to be paid or other  charges  hereunder  exceed the  maximum
permitted by such law, any payments in excess of such maximum  shall be credited
against  amounts  owed by the  Borrower  to the Holder and thus  refunded to the
Borrower.

            6.9. Security Interest and Guarantee.  The Holder has been granted a
security  interest (i) in certain assets of the Borrower and its Subsidiaries as
more fully  described in (x) the  Security  Agreement,  (y) the Master  Security
Agreement dated as of the date hereof and (z) certain other Ancillary Agreements
and (ii) pursuant to the Stock Pledge Agreement dated as of the date hereof. The
obligations   of  the  Borrower  under  this  Note  are  guaranteed  by  certain
Subsidiaries of the Borrower pursuant to the Subsidiary Guaranty dated as of the
date hereof.

            6.10.  Construction.  Each party acknowledges that its legal counsel
participated in the preparation of this Note and, therefore, stipulates that the
rule of construction  that  ambiguities are to be resolved  against the drafting
party shall not be applied in the interpretation of this Note to favor any party
against the other.

       [Balance of page intentionally left blank; signature page follows.]

                                       8
<PAGE>

      IN WITNESS  WHEREOF,  the  Borrower  has caused this  Secured  Convertible
Minimum Borrowing Note to be signed in its name effective as of this 30th day of
September, 2004.

                                          CREATIVE VISTAS, INC.

                                          By:/s/ Sayan Navaratnam
                                             -----------------------------------
                                          Name: Sayan Navaratnam
                                          Title:CEO

WITNESS:

/s/ Michael Nett
-----------------------------------

                                       9
<PAGE>

                              NOTICE OF CONVERSION

(To be executed by the Holder in order to convert the Note)

            The undersigned hereby elects to convert $_________ of the principal
and $_________ of the interest due on the Secured  Convertible Minimum Borrowing
Note issued by Creative Vistas, Inc. on September __, 2004 into Shares of Common
Stock of Creative Vistas, Inc. (the "Borrower")  according to the conditions set
forth in such Note, as of the date written below.

Date of Conversion:
                       ---------------------------------------------------------
Conversion Price:
                       ---------------------------------------------------------
Shares To Be Delivered:
                       ---------------------------------------------------------
Signature:
                       ---------------------------------------------------------
Print Name:
                       ---------------------------------------------------------
Address:
                       ---------------------------------------------------------

                       ---------------------------------------------------------
Holder DWAC
instructions
                       ---------------------------------------------------------

                                       10

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