Document:

Exhibit 10.11

      THIS GUARANTY (this "Guaranty"), dated as of December 1, 2002, made by
COMPLIANCE SYSTEMS CORPORATION and CALL COMPLIANCE.COM, INC., each a company
organized under the laws of Delaware (the "Guarantors"), in favor of Telmax Co.,
Inc., the "Lender"; Lender and any subsequent holder(s) of the Note (as defined
below) are hereinafter referred to collectively as "Lender").

                                   WITNESSETH

      WHEREAS, in March 1998, Lender made a loan ("Loan") in the principal
amount of $200,000 to ASN Voice and Data Corp., as evidenced by a promissory
note dated March 31, 1998 ("Original Note"), which was guaranteed by certain
parties ("Original Guarantors"); and

      WHEREAS, in December 2001 the terms of the Loan were amended and the
Original Note was assigned to Call Compliance, Inc., a New York company
("Debtor"), as obligor; and

      WHEREAS, in December 2002 the Lender agreed to restructure and amend the
terms of the Loan ("Restructured Loan"), as reflected in the Promissory Note
annexed hereto as Exhibit "A"; and

      WHEREAS, the Guarantors have a direct interest in the financial affairs
and wellbeing of the Debtor, and will directly benefit from the Restructured
Loan; and

      WHEREAS, the Guarantors have agreed to provide the Guaranty set forth
herein in substitution of the guaranty provided by the Original Guarantors,
which shall be terminated; and

      NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Guarantors hereby agrees as follows:

      SECTION 1. Guaranty.

            (a) The Guarantors jointly and severally hereby unconditionally and
      irrevocably (i) guarantee to the Lender the prompt and complete payment
      when due (whether at stated maturity, by acceleration or otherwise) of all
      payments of Debtor to Lender pursuant to the Note (the "Obligations"), and
      (ii) agree to pay any and all expenses (including counsel fees and
      expenses) incurred by the Lender in obtaining advice of counsel in respect
      of this Guaranty and incurred by the Lender in enforcing any rights with
      respect to, or collecting against the Guarantors under, this Guaranty.

171878GUARANTY
<PAGE>

            (b) The Guarantors hereby agree that all payments hereunder will be
      paid to the Lender without setoff, deduction, recoupment, claim or
      counterclaim in U.S. Dollars at a place designated by Lender and in
      immediately available funds.

      SECTION 2. GUARANTY ABSOLUTE. The Guarantors guarantee that the
Obligations will be paid strictly in accordance with the terms of the Note,
regardless of any law, regulation or order now or hereafter in effect in any
jurisdiction affecting any of such terms or the rights of the Lender with
respect thereto. The liability of the Guarantors under this Guaranty shall be
absolute and unconditional irrespective of:

            (a) any lack of validity, regularity or enforceability of the Note
      or any other agreement or instrument relating thereto;

            (b) any lack of validity, regularity or enforceability of this
      Guaranty or any other agreement or instrument relating hereto;

            (c) any change in the time, manner or place of payment of, or in any
      other term of, all or any of the Obligations, or any other amendment or
      waiver of or any consent to departure from the Note;

            (d) any exchange, release or non-perfection of any collateral, or
      any release or amendment or waiver of or consent to departure from any
      other guaranty, for all or any of the Obligations;

            (e) any failure on the part of the Lender to exercise, or any delay
      in exercising, any right under the Note or any other document; or

            (f) any other circumstance which might otherwise constitute a
      defense available to, or a discharge of, the Debtor, the Guarantors or any
      other guarantor of all or a portion of the Obligations (including, without
      limitation, all defenses based on suretyship or impairment of collateral,
      and all defenses that the Debtor may assert to the repayment of the
      Obligations, including, without limitation, failure of consideration,
      breach of warranty, payment, statute of frauds, bankruptcy, lack of legal
      capacity, statute of limitations, lender liability, accord and
      satisfaction, and usury), this Guaranty and the Obligations of the
      Guarantors under this Guaranty.

      SECTION 3. Representations AND Warranties of the Guarantors. Each
Guarantor represents and warrants as follows:

            (a) Enforceability. This Guaranty is the legal, valid and binding
      obligation of each Guarantor, enforceable in accordance with its terms,
      except as such enforceability may be limited by (i) bankruptcy, insolvency
      or similar laws affecting creditors' rights generally and (ii) general
      principles of equity.

      SECTION 4. Waiver. Each Guarantor hereby waives (a) promptness, diligence,
notice of acceptance and any other notice with respect to any of the Obligations
or all other

171878GUARANTY
<PAGE>

amounts payable pursuant to this Guaranty and (b) any requirement that the
Lender exhaust any right to take any action against the Debtor.

      SECTION 5. GOVERNING LAW. THE VALIDiTY, INTERPRETATION AND ENFORCEMENT OF
THIS GUARANTY AND ANY DISPUTE ARISING OUT OF OR IN CONNECTION WITH THIS
GUARANTY, WHETHER SOUNDING IN CONTRACT, TORT, EQUITY OR OTHERWISE, SHALL BE
GOVERNED BY THE INTERNAL LAWS (AS OPPOSED TO THE CONFLICTS OF LAW PROVISIONS
OTHER THAN SECTION 5-140 1 OF THE NEW YORK GENERAL OBLIGATIONS LAW) AND
DECISIONS OF THE STATE OF NEW YORK.

      SECTION 6. JURISDICTION AND SERVICE OF PROCESS. THE GUARANTORS HEREBY
CONSENT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE
UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF NEW YORK IN CONNECTION
WiTH ANY AND ALL ACTIONS COMMENCED WiTH RESPECT TO THIS GUARANTY AND FURTHER
CONSENT THAT ANY NOTICES, PROCESSES OR NOTICE OF MOTION OR OTHER APPLICATION TO
EiTHER OF SAID COURTS MAY BE SERVED IN OR OUT OF THE STATE OF NEW YORK BY
CERTIFIED MAIL, RETURN RECEIPT REQUESTED, OR BY PERSONAL SERVICE PROVIDED A
REASONABLE TIME FOR APPEARANCE IS ALLOWED OR SUCH OTHER MANNER AS IS ALLOWED BY
LAW.

      SECTION 7. HEREOF, THE LENDER, PERMiTTED BY LAW ANY JURY TRIAL. THE
GUARANTORS AND, BY ITS RECEIPT EACH HEREBY WAWES TO THE FULLEST EXTENT RIGHT TO
A TRIAL BY JURY.

      SECTION 8. No Waiver; Remedies; No Marshalling, APPLICATION OF PAYMENTS.
NO FAILURE ON THE part of the Lender to exercise, and no delay in exercising,
any right hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any right hereunder preclude any other or further exercise
thereof or the exercise of any other right. The Guarantors hereby waive any
right to require the Lender to marshal any security or collateral or otherwise
compel the Lender to seek recourse against or satisfaction of the Obligations
and all other amounts payable pursuant to Section 1(a)(ii) from one source
before seeking recourse or satisfaction from another source. The Guarantors
acknowledge and agrees that the Lender shall be entitled to apply all payments
received from the Guarantors pursuant to the terms hereof to such portion of the
Obligations as the Lender may elect.

      SECTION 9. Right of Setoff. In addition to and not in limitation of all
rights of offset that the Lender or its Affiliates may have under applicable
law, and whether or not the Lender has made any demand or the Obligations of the
Guarantors have matured, the Lender shall have the right to appropriate and
apply to the payment of the Obligations of the Guarantors all deposits and other
obligations then or thereafter owing by the Lender to the Guarantors.

      SECTION 10. Amendments and Waivers. No amendment or waiver of any
provision of this Guaranty shall be effective unless in writing and signed by
the Lender and the

171878                                 2
<PAGE>

Guarantors and any such amendment or waiver shall be effective only to the
extent set forth therein.

      SECTION 11. Telecopied Signature. This Guaranty, and any notices to be
given pursuant to this Guaranty, may be executed and delivered by telecopier or
other facsimile transmission all with the same force and effect as if the same
was a fully executed and delivered original.

      SECTION 12. Severability. In case any provision in or obligation under
this Guaranty shall be invalid, illegal or unenforceable in any jurisdiction,
the validity, legality and enforceability of the remaining provisions or
obligations, or of such provision or obligation in any other jurisdiction, shall
not in any way be affected or impaired thereby.

      IN WITNESS WhEREOF, the Guarantors have executed this Guaranty as of the
date first set forth above.

COMPLIAN E STEMS CORPORATION

By:

CALL OMPL N .COM, INC.

By:

171878                                 3
<PAGE>

                                 NON-NEGOTIABLE
                                 PROMISSORY NOTE
$242,000.00                                               DECEMBER 1, 2002

FOR VALUE RECEIVED, the undersigned, CALL COMPLIANCE, INC., a New York
corporation ("Maker"), promises to pay to the order of TELMAX CO., INC., a New
York corporation ("Payee"), at its office, Suite A, 780 New York Avenue,
Huntington, New York 11743, or at such other place as Payee may designate to
Maker in writing from time to time, the principal amount of Two Hundred Forty
Two Thousand Dollars ($242,000.00), consisting of Two Hundred Thousand Dollars
($200,000.00) of principal indebtedness ("Base Principal") and Forty Two
Thousand Dollars ($42,000.00) reflecting deferred interest on the Prior Note, as
hereinafter defined ("Deferred Interest"), together with interest on the Base
Principal from the date hereof as follows.

This Note shall reflect the amended terms of in~ promissory note dated March 31,
1998 in the Thousand Dollars ($200,000.00), with AMS Netv and Automated Systems
Nationwide Network, Inc amended from time to time and assigned to the MaJ and
supercede the terms of such Prior Note.

Interest on the Base Principal shall be at the rate Rate") from the date hereof
through May 3 Commencing June 1, 2003 through May 31, 2008 the Base Principal
shall be at the rate of 18.0% per

During the five-year term commencing June 1, 20(1 and self liquidating monthly
installments of Six 1 Dollars and 70/100 ($6,128.70) consisting of ~ (ii)
interest on the Base Principal at the Initial In Period, (iii) Base Principal
and (iv) interest on the Rate during the Second Interest Period. The Mak this
Note on the last day of each month ("Payni IN~NFFIEIENT ANY IINN~ID ~MNIINTS
SHIDI HE ~iMed ~ 1

1711I7o                                4
<PAGE>

                  b. the filing of a petition in voluntary or involuntary
            bankruptcy by or against Maker, the general assignment for the
            benefit of creditors of Maker, or the appointment of a receiver or
            trustee of any assets of Maker.

      The Maker shall have the right to prepay this Note, at any time, in whole
      or in part, without premium or penalty. Each partial prepayment shall be
      applied first to Deferred Interest and thereafter to accrued interest, and
      then to installments of current interest and Base Principal, in that
      order, in the inverse order of their maturity.

      A late charge on any payments due made more than five (5) days after the
      Payment Date thereof shall be paid at the rate of one-half of one percent
      (.5%) per month or portion thereof that said payment remains unpaid.

      It is not intended hereby to charge interest at a rate in excess of the
      maximum rate of interest permitted to be charged to Maker hereof under
      applicable law, but if, notwithstanding, interest in excess of such
      maximum legal rate shall be paid hereunder, the excess shall be retained
      by Payee as cash collateral for the payment of the outstanding principal
      amount and may be applied to pay same.

      Maker hereby waives presentment for payment, demand, of non-payment and
      dishonor, protest, of protest and any other that may be required under the
      law in connection with enforcement of this Note.

      if Maker fails to make timely the payments required hereby, Maker shall
      pay all costs of collection when incurred, including, without limitation,
      reasonable attorney's fees and expenses and court costs. Such costs will
      be added to the balance due hereunder.

      This Note may not be modified or the face hereof canceled except in a
      writing, signed by Maker and by Payee. This Note shall be interpreted and
      enforced in accordance with the laws of the State of New York without
      regard to any principles of conflicts of law. The parties hereto hereby
      consent to the jurisdiction of the Courts of the State of New York and of
      the United States District Court for the Eastern District of New York in
      connection with any and all actions commenced with respect to this Note
      and further consent that any notice, process or notice of motion or other
      application to either of said courts or judges thereof may be served in or
      out of the State of New York by certified or registered mail return
      receipt requested, or by personal service, provided a reasonable time for
      appearance is allowed, or in such other manner as may be permitted by
      either of said courts.

      As used herein, the terms "Maker" and "Payee" shall be deemed to include
      their respective successors, legal representatives and assigns, whether by
      voluntary action of the parties or by operation of law.

      CALL COMPLIANCE, INC.

1711I7o                                4
<PAGE>

By:
Name:
Title:

163735 VI 10497.401                    2Exhibit 10.12

                                    GUARANTY

            THIS GUARANTY (this "Guaranty"),  dated as of December 1, 2002, made
by COMPLIANCE SYSTEMS CORPORATION and CALL COMPLIANCE.COM,  INC., EACH a company
organized  under the laws of Delaware (the  "Guarantors"),  in favor of Phonetel
New Corp.  (the "Lender";  Lender and any  subsequent  holder(s) of the Note (as
defined below) are hereinafter referred to collectively as "Lender").

                                   WITNESSETH

            WHEREAS,  in  December  2001,  Lender  made a loan  ("Loan")  in the
principal  amount of  $300,000  to Call  Compliance,  Inc.,  a New York  company
("Debtor"), as obligor; and

            WHEREAS,  in December  2002,  the Lender agreed to  restructure  and
amend  the  terms  of  the  Loan  ("Restructured  Loan"),  as  reflected  in the
Promissory Note annexed hereto as Exhibit "A"; and

            WHEREAS,  ONE OF THE  terms  of the  Restructured  Loan was that the
Guarantors guarantee the repayment thereof;

            WHEREAS,  THE  Guarantors  have a direct  interest in the  financial
affairs  and  wellbeing  of the  Debtor,  and  will  directly  benefit  from the
Restructured Loan; and

            WHEREAS,  THE  Guarantors  have agreed to provide the  Guaranty  set
forth  herein  in  substitution  of  the  guaranty   provided  by  the  Original
Guarantors, which shall be terminated; and

            NOW, THEREFORE, IN CONSIDERATION OF THE FOREGOING AND FOR OTHER GOOD
AND  valuable  consideration,  the receipt and  sufficiency  of which are hereby
acknowledged, the Guarantors hereby agrees as follows:

            SECTION 1. GUARANTY.

                  (a)   The    Guarantors    jointly   and   severally    hereby
            unconditionally  and  irrevocably  (i)  guarantee  to the Lender the
            prompt and complete payment when due (whether at stated maturity, by
            acceleration  or  otherwise)  of all  payments  of  Debtor to Lender
            pursuant to the Note (the "Obligations"),  and (ii) agree to pay any
            and all expenses  (including  counsel fees and expenses) incurred by
            the  Lender  in  obtaining  advice of  counsel  in  respect  of this
            Guaranty  and  incurred by the Lender in  enforcing  any rights with
            respect  to,  or  collecting  against  the  Guarantors  under,  this
            Guaranty.

<PAGE>

                                    GUARANTY

order now or hereafter in effect in any jurisdiction affecting any of such terms
or the  rights  of  the  Lender  with  respect  thereto.  The  liability  of the
Guarantors under this Guaranty shall be absolute and unconditional  irrespective
of:

                  (a) any lack of validity,  regularity or enforceability of the
            Note or any other agreement or instrument relating thereto;

                  (b) any lack of validity, regularity or enforceability of this
            Guaranty or any other agreement or instrument relating hereto;

                  (c) any change in the time,  manner or place of payment of, or
            in any other  term of, all or any of the  Obligations,  or any other
            amendment or waiver of or any consent to departure from the Note;

                  (d) any exchange, release or non-perfection of any collateral,
            or any  release or  amendment  or waiver of or consent to  departure
            from any other guaranty, for all or any of the Obligations;

                  (e) any failure on the part of the Lender to exercise,  or any
            delay in exercising, any right under the Note or any other document;
            or

                  (f) any other circumstance which might otherwise  constitute a
            defense available to, or a discharge of, the Debtor,  the Guarantors
            or  any  other  guarantor  of all or a  portion  of the  Obligations
            (including,  without limitation, all defenses based on suretyship or
            impairment  of  collateral,  and all  defenses  that the  Debtor may
            assert  to the  repayment  of the  Obligations,  including,  without
            limitation,  failure of consideration,  breach of warranty, payment,
            statute of frauds,  bankruptcy,  lack of legal capacity,  statute of
            limitations,  lender liability, accord and satisfaction, and usury),
            this  Guaranty  and the  Obligations  of the  Guarantors  under this
            Guaranty.

            SECTION 3.  REPRESENTATIONS  AND WARRANTIES OF THE GUARANTORS.  Each
Guarantor represents and warrants as follows:

                  (a)  Enforceability.  This  Guaranty  is the legal,  valid and
            binding obligation of each Guarantor, enforceable in accordance with
            its  terms,  except as such  enforceability  may be  limited  by (i)
            bankruptcy,  insolvency or similar laws affecting  creditors' rights
            generally and (ii) general principles of equity.

<PAGE>

AND ENFORCEMENT OF THIS GUARANTY AND ANY DISPUTE ARISING OUT OF OR IN CONNECTION
WITH THIS GUARANTY,  WHETHER  SOUNDING IN CONTRACT,  TORT,  EQUITY OR OTHERWISE,
SHALL BE  GOVERNED BY THE  INTERNAL  LAWS (AS  OPPOSED TO THE  CONFLICTS  OF LAW
PROVISIONS  OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL  OBLIGATIONS  LAW)
AND DECISIONS OF THE STATE OF NEW YORK.

            SECTION 6.  JURISDICTION  AND  SERVICE OF  PROCESS.  THE  GUARANTORS
HEREBY  CONSENT TO THE  JURISDICTION  OF THE COURTS OF THE STATE OF NEW YORK AND
THE  UNITED  STATES  DISTRICT  COURT  FOR THE  EASTERN  DISTRICT  OF NEW YORK IN
CONNECTION WITH ANY AND ALL ACTIONS  COMMENCED WiTH RESPECT TO THIS GUARANTY AND
FURTHER  CONSENT  THAT ANY  NOTICES,  PROCESSES  OR  NOTICE  OF  MOTION OR OTHER
APPLICATION TO EiTHER OF SAID COURTS MAY BE SERVED IN OR OUT OF THE STATE OF NEW
YORK BY  CERTIFIED  MAIL,  RETURN  RECEIPT  REQUESTED,  OR BY  PERSONAL  SERVICE
PROVIDED A REASONABLE  TIME FOR APPEARANCE IS ALLOWED OR SUCH OTHER MANNER AS IS
ALLOWED BY LAW.

            SECTION 7. JURY TRIAL.  THE GUARANTORS  AND, BY ITS RECEIPT  HEREOF,
THE LENDER,  EACH HEREBY WAWES TO THE FULLEST EXTENT  PERMITTED BY LAW ANY RIGHT
TO A TRIAL BY JURY.

            SECTION 8. NO  WAIVER;  REMEDIES;  NO  MARSHA1LIN~,  APPLICATION  OF
PAYMENTS.  NO  FAILURE ON THE part of the  Lender to  exercise,  and NO DELAY IN
EXERCISING, ANY RIGHT hereunder shall operate as a waiver thereof, nor shall any
single or partial exercise of any right hereunder  preclude any OTHER OR FURTHER
EXERCISE THEREOF OR THE EXERCISE OF ANY OTHER right. The Guarantors hereby waive
any right to  require  the Lender to  marshal  any  security  or  collateral  or
otherwise  compel the Lender to seek  recourse  against or  satisfaction  of the
Obligations and all other amounts payable  pursuant to Section 1(a)(ii) from one
source  before  seeking  recourse  or  satisfaction  from  another  source.  The
Guarantors acknowledge and agrees that the Lender shall be entitled to apply all
payments  received  from the  Guarantors  pursuant  to the terms  hereof to such
portion of the Obligations as the Lender may elect.

            SECTION 9. RI2HT OF Setoff.  In addition to and not in limitation of
all rights of offset that the Lender or its Affiliates may have under applicable
law, and whether or not the Lender has made any demand or the Obligations of the
Guarantors  have  matured,  the Lender shall have the right to  appropriate  and
apply to the payment of the Obligations of the Guarantors all

<PAGE>

            SECTION 10.  AMENDMENTS  AND WAIVERS.  NO AMENDMENT OR WAIVER OF ANY
provision of this  Guaranty  shall be effective  unless in writing and signed by
the  Lender  and the  Guarantors  and any  such  amendment  or  waiver  shall be
effective  only  to  the  extent  set  forth  therein.  SECTION  11.  Telecopied
Si2nature. This Guaranty, and any notices to be given pursuant to this Guaranty,
may be executed and delivered by telecopier or other facsimile  transmission all
with the same force and effect as if the same was a fully executed and delivered
original.

            SECTION 12.  Severability.  In case any  provision in or  obligation
under  this  Guaranty  shall  be  invalid,   illegal  or  unenforceable  in  any
jurisdiction,  the  validity,  legality  and  enforceability  of  the  remaining
provisions  or  obligations,  or of such  provision or  obligation  in any other
jurisdiction, shall not in any way be affected or impaired thereby.

            IN WITNESS WhEREOF, the Guarantors have executed this Guaranty as of
the date first set forth above.

COMPLIANCE SYSTEMS
CORPORATION

By: [Illegible]
    -------------------------------------

CALL COMPLIANCE.COM, INC.

By: [Illegible]
    -------------------------------------

<PAGE>

                                 NON-NEGOTIABLE
                                 PROMISSORY NOTE

$363,000.00                                                 December 1, 2002

FOR  VALUE  RECEIVED,  the  undersigned,  CALL  COMPLIANCE,  INC.,  a  New  York
corporation ("Maker"), promises to pay to the order of PHONETEL NEW CORP., a New
York  corporation  ("Payee"),  at its  office,  Suite A,  780 New  York  Avenue,
Huntington,  New York 11743,  or at such other place as Payee may  designate  to
Maker in writing from time to time, the principal  amount of Three Hundred Sixty
Three  Thousand  Dollars  ($363,000.00),  consisting of Three  Hundred  Thousand
Dollars  ($300,000.00) of principal  indebtedness  ("Base  Principal") and Sixty
Three Thousand Dollars  ($63,000.00)  reflecting  deferred  interest on the Base
Principal  during the period  December  2001 through  November  2002  ("Deferred
Interest"), together with interest on the Base Principal from the date hereof as
follows.

This Note shall reflect the amended terms of indebtedness  extended to the Maker
by the Payee in December 2001 in the principal  amount of Three Hundred Thousand
Dollars ($300,000.00).

Interest on the Base Principal shall be at the rate of 21.0% per annum ("Initial
Interest  Rate") from the date hereof  through May 31, 2003  ("Initial  Interest
Period").  Commencing  June 1,  2003  through  May 31,  2008  ("Second  Interest
Period"), interest on the Base Principal shall be at the rate of 18.0% per annum
("Second Interest Rate").

During the five-year term  commencing  June 1, 2003 this Note is due and payable
in equal and self liquidating monthly  installments of Nine Thousand One Hundred
Ninety-Three  Dollars and 04/100  ($9,193.04)  consisting of amortization of (i)
Deferred  Interest,  (ii) interest on the Base Principal at the Initial Interest
Rate during the Initial Interest Period,  (iii) Base Principal and (iv) interest
on the Base  Principal at the Second  Interest  Rate during the Second  Interest
Period. The Maker agrees to make all payments under this Note on the last day of
each month ("Payment  Date").  If any payment shall be insufficient,  any unpaid
amounts  shall be  added  to the Base  Principal  and  shall be  treated  in all
respects as additional principal.

The entire outstanding balance of the Base Principal,  Deferred Interest and all
accrued but unpaid  interest and late charges,  if any,  shall be become due and
payable  at the option of Payee  immediately  upon the  happening  of any of the
following events ("Event of Default"):

            a. a default in payment  of any  amount  due  pursuant  to this Note
      continuing  beyond ten (10)  business  days after  written  notice of such
      default is given by the Payee to the Maker; or

            b. the filing of a petition in voluntary or  involuntary  bankruptcy
      by or against Maker,  the general  assignment for the benefit of creditors
      of Maker,  or the  appointment  of a receiver  or trustee of any assets of
      Maker.

                                       4
<PAGE>

                                                                EXHIBIT A

without premium or penalty.  Each partial  prepayment  shall be applied first to
Deferred Interest and thereafter to accrued  interest,  and then to installments
of current  interest and Base Principal,  in that order, in the inverse order of
their maturity.

A late charge on any payments due made more than five (5) days after the Payment
Date  thereof  shall be paid at the rate of one-half  of one  percent  (.5%) per
month or portion thereof that said payment remains unpaid.

It is not intended  hereby to charge interest at a rate in excess of the maximum
rate of interest  permitted to be charged to Maker hereof under  applicable law,
but if, notwithstanding,  interest in excess of such maximum legal rate shall be
paid hereunder, the excess shall be retained by Payee as cash collateral for the
payment of the outstanding principal amount and may be applied to pay same.

Maker  hereby  waives  presentment  for  payment,  demand,  of  non-payment  and
dishonor,  protest,  of protest and any other that may be required under the law
in connection with enforcement of this Note.

If Maker fails to make timely the payments required hereby,  Maker shall pay all
costs of collection when incurred,  including,  without  limitation,  reasonable
attorney's  fees and expenses  and court costs.  Such costs will be added to the
balance due hereunder.

This Note may not be modified or the face hereof  canceled  except in a writing,
signed by Maker and by Payee.  This Note shall be  interpreted  and  enforced in
accordance  with  the  laws of the  State  of New  York  without  regard  to any
principles  of  conflicts  of law.  The  parties  hereto  hereby  consent to the
jurisdiction  of the  Courts of the State of New York and of the  United  States
District Court for the Eastern  District of New York in connection  with any and
all actions  commenced  with  respect to this Note and further  consent that any
notice,  process  or notice of  motion  or other  application  to either of said
courts  or  judges  thereof  may be served in or out of the State of New York by
certified or registered mail return receipt  requested,  or by personal service,
provided a reasonable time for appearance is allowed, or in such other manner as
may be permitted by either of said courts.

As used herein,  the terms  "Maker" and "Payee" shall be deemed to include their
respective successors,  legal representatives and assigns,  whether by voluntary
action of the parties or by operation of law.

CALL COMPLIANCE, INC.

By:
Name:
Title:

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