Document:

NOTE

         NEITHER THESE  SECURITIES NOR THE SECURITIES  ISSUABLE UPON  CONVERSION
         HEREOF  HAVE BEEN  REGISTERED  WITH THE UNITED  STATES  SECURITIES  AND
         EXCHANGE COMMISSION OR THE SECURITIES  COMMISSION OF ANY STATE OR UNDER
         THE SECURITIES  ACT OF 1933, AS AMENDED.  THE SECURITIES ARE RESTRICTED
         AND MAY NOT BE  OFFERED,  RESOLD,  PLEDGED  OR  TRANSFERRED  EXCEPT  AS
         PERMITTED  UNDER THE ACT PURSUANT TO  REGISTRATION OR EXEMPTION OR SAFE
         HARBOR THEREFROM.

                                                                    US $ 190,000

                            FINANCIAL INTRANET, INC.

                                 8% DEMAND NOTE

        THIS  Note of  $190,000  of  FINANCIAL  INTRANET,  INC.,  a  corporation
organized and existing  under the laws of the State of Nevada and located at 116
Radio  Circle,  Mt.  Kisco,  NY  1054  (the  "Company")  designated  as  its  8%
Convertible Note.

         FOR VALUE  RECEIVED,  the  Company  promises  to pay to GARTH LLC,  the
registered holder hereof (the "Holder"), the principal sum of One Hundred Ninety
Thousand and 00/100  Dollars (US  $190,000) on demand and to pay interest on the
principal  sum  outstanding  in  arrears  on the date of demand  (the  "Maturity
Date"),  at the rate of 8% per annum accruing from the date of initial  issuance
of this Note (the "Issue Date"). Accrual of interest shall commence on the first
such  business  day to occur  after the date  hereof  and shall  continue  until
payment in full of the  principal sum has been made or duly provided for. In the
event of a default  hereunder,  the  principal of, and interest on, this Note is
payable at the option of the Holder, in Common Shares of the Company,  $.001 par
value  per  share  ("Common  Stock")  as set forth  below,  or in United  States
dollars,  at the address last  appearing on the Note  Register of the Company as
designated in writing by the Holder from time to time.  The Company will pay the
principal of and interest upon this Note on the Maturity Date,  less any amounts
required by law to be deducted,  to the registered holder of this Note as of the
tenth day prior to the  Maturity  Date and  addressed to such holder at the last
address  appearing  on the Note  Register.  The  forwarding  of such check shall
constitute a payment of principal  and interest  hereunder and shall satisfy and
discharge the liability for principal and interest on this Note to the extent of
the sum represented by such check plus any amounts so deducted.

                                       1
<PAGE>

         This Note is subject to the following additional provisions:

         1. The number of shares to be issued  upon  conversion  is a minimum of
30,000  (unless if at the time of  election  to convert  the number of shares of
Common  Stock  issuable  upon  conversion  is less  than  30,000).  The  Note is
exchangeable  for an equal  aggregate  principal  amount  of Notes of  different
authorized  denominations,  as requested by the Holder surrendering the same. No
service charge will be made for such registration or transfer or exchange.

         2. The  Holder of this Note is  entitled  at any time,  at its  option,
subject  to  the  following  provisions,  to  convert  all or a  portion  of the
principal  amount of this Note into shares of Common Stock at a conversion price
for each share of Common Stock equal to $0.01 per share.

                  Conversion shall be effectuated by surrendering the Note to be
converted  to the  Company,  accompanied  by or preceded by  facsimile  or other
delivery  to  the  Company  of a  conversion  notice,  executed  by  the  Holder
evidencing such Holder's  intention to convert a specified  portion hereof,  and
accompanied,  if required by the Company,  by proper assignment hereof in blank.
Interest accrued or accruing from the date of issuance to the date of conversion
shall,  at the  option  of the  Company,  be paid in cash or Common  Stock  upon
conversion at the  Conversion  Price.  No  fractional  shares of Common Stock or
scrip  representing  fractions of shares will be issued on  conversion,  but the
number of shares issuable shall be rounded to the nearest whole share.  The date
on which notice of conversion is given (the  "Conversion  Date") shall be deemed
to be the date on which the Holder  faxes or otherwise  delivers the  conversion
notice  ("Notice of  Conversion"),  substantially  in the form annexed hereto as
Exhibit A, duly executed,  to the Company.  Facsimile  delivery of the Notice of
Conversion  shall be accepted by the Company at facsimile  number (914) 242-3496
ATTN:  Michael  Sheppard  or at such  other  fax  number  as  designated  by Mr.
Sheppard.  Certificates  representing  Common  Stock  upon  conversion  will  be
delivered  within three (3) business days from the date the Notice of Conversion
is delivered to the Company.

         3. The  Company  shall be entitled  to  withhold  from all  payments of
principal  of, and  interest  on, this Note any amounts  required to be withheld
under the  applicable  provisions  of the United States income tax laws or other
applicable  laws at the time of such  payments,  and Holder  shall  execute  and
deliver all required documentation in connection therewith.

         4. This Note has been issued subject to investment  representations  of
the  original  purchaser  hereof and may be  transferred  or  exchanged  only in
compliance  with the Securities  Act of 1933, as amended (the "Act"),  and other
applicable  state and  foreign  securities  laws.  In the event of any  proposed
transfer of this Note, the Company may require,  prior to issuance of a new Note
in  the  name  of  such  other  person,  that  it  receive  reasonable  transfer
documentation  including  legal  opinions  that the issuance of the Note in such
other name does not and will not cause a violation of the Act or any  applicable
state or foreign  securities laws. Prior to due presentment for transfer of this
Note,  the  Company  and any agent of the  Company may treat the person in whose
name this Note is duly  registered on the  Company's  Note Register as the owner
hereof for the purpose of receiving payment as herein provided and for all other
purposes,  whether or not this Note be overdue,  and neither the Company nor any
such agent shall be affected by notice to the contrary.

         5. No  provision of this Note shall alter or impair the  obligation  of
the Company,  which is absolute and unconditional,  to pay the principal of, and
interest  on,  this  Note at the  time,  place,  and  rate,  and in the  coin or
currency, herein prescribed. This Note is a direct obligation of the Company.

         6. No recourse shall be had for the payment of the principal of, or the
interest on, this Note, or for any claim based  hereon,  or otherwise in respect
hereof,  against any incorporator,  shareholder,  officer or director,  as such,
past, present or future, of the Company or any successor corporation, whether by
virtue of any constitution, statute or rule of law, or by the enforcement of any
assessment or penalty or otherwise,  all such liability being, by the acceptance
hereof and as part of the consideration  for the issue hereof,  expressly waived
and released.

                                       2
<PAGE>

         7. The Holder of the Note, by acceptance hereof,  agrees that this Note
is being acquired for  investment  and that such Holder will not offer,  sell or
otherwise  dispose  of this Note or the  shares of Common  Stock  issuable  upon
conversion  thereof  except  under  circumstances  which  will not  result  in a
violation of the Act or any applicable state Blue Sky or foreign laws or similar
laws relating to the sale of securities.

         8. This Note shall be governed by and construed in accordance  with the
laws of the State of New York. Each of the parties  consents to the jurisdiction
of the federal courts whose districts encompass any part of the City of New York
or the state  courts of the State of New York sitting in the City of New York in
connection with any dispute  arising under this Agreement and hereby waives,  to
the maximum  extent  permitted by law, any  objection,  including  any objection
based on forum non  coveniens,  to the bringing of any such  proceeding  in such
jurisdictions.

         9.       The following shall constitute an "Event of Default":

                  a.       The Company shall default in the payment of principal
                           or interest on this Note and  same shall continue for
                           a period of five (5) days; or

                  b.       Any of the  representations or warranties made by the
                           Company   herein,   in  the  Agreement,   or  in  any
                           certificate or financial or other written  statements
                           heretofore  or hereafter  furnished by the Company in
                           connection  with the  execution  and delivery of this
                           Note or the Agreement shall be false or misleading in
                           any material respect at the time made; or

                  c.       The Company shall fail to perform or observe,  in any
                           material   respect,   any   other   covenant,   term,
                           provision,  condition, agreement or obligation of any
                           Note  (as  defined  in  the  Agreement,   which  term
                           includes this Note) and such failure  shall  continue
                           uncured  for a  period  of  thirty  (30)  days  after
                           written notice from the Holder of such failure; or

                  d.       The Company shall fail to perform or observe,  in any
                           material  respect,  any  covenant,  term,  provision,
                           condition,  agreement  or  obligation  of the Company
                           under  the  Agreement  or  the  Registration   Rights
                           Agreement and such failure shall continue uncured for
                           a period of thirty  (30) days  after  written  notice
                           from the Holder of such failure; or

                  e.       The Company  shall (1) admit in writing its inability
                           to pay its debts  generally as they mature;  (2) make
                           an  assignment   for  the  benefit  of  creditors  or
                           commence  proceedings  for  its  dissolution;  or (3)
                           apply for or consent to the appointment of a trustee,
                           liquidator  or receiver for its or for a  substantial
                           part of its property or business; or

                  f.       A trustee, liquidator or receiver shall be  appointed
                           for  the  Company  or for a  substantial  part of its
                           property or business  without  its  consent and shall
                           not be discharged  within  sixty (60) days after such
                           appointment; or

                                       3
<PAGE>

                  g.       Any  governmental  agency or any  court of  competent
                           jurisdiction  at the  instance  of  any  governmental
                           agency shall  assume  custody or control of the whole
                           or  any  substantial  portion  of the  properties  or
                           assets of the  Company  and  shall  not be  dismissed
                           within sixty (60) days thereafter; or

                  h.       Any money judgment, writ or warrant of attachment, or
                           similar  process  in excess of One  Hundred  Thousand
                           ($100,000)  Dollars in the aggregate shall be entered
                           or filed against the Company or any of its properties
                           or other assets and shall remain  unpaid,  unvacated,
                           unbonded or unstayed  for a period of sixty (60) days
                           or in any event later than five (5) days prior to the
                           date of any proposed sale thereunder; or

                  i.       Bankruptcy, reorganization, insolvency or liquidation
                           proceedings or other proceedings for relief under any
                           bankruptcy  law or any law for the  relief of debtors
                           shall be instituted by or against the Company and, if
                           instituted   against  the   Company,   shall  not  be
                           dismissed   within   sixty   (60)  days   after  such
                           institution  or the  Company  shall by any  action or
                           answer  approve of,  consent to, or  acquiesce in any
                           such  proceedings  or admit the material  allegations
                           of, or default in  answering a petition  filed in any
                           such proceeding; or

                  j.       The Company shall have its Common Stock  suspended or
                           delisted from an exchange or over-the-counter  market
                           from trading for in excess of two trading days.

Then, or at any time  thereafter,  and in each and every such case,  unless such
Event of Default  shall have been waived in writing by the Holder  (which waiver
shall not be deemed to be a waiver of any  subsequent  default) at the option of
the Holder and in the  Holder's  sole  discretion,  the Holder may  consider all
obligations  under this Note immediately due and payable within five (5) days of
notice,  without  presentment,  demand,  protest or notice of any kinds,  all of
which  are  hereby  expressly  waived,  anything  herein or in any note or other
instruments  contained  to the  contrary  notwithstanding,  and the  Holder  may
immediately  enforce any and all of the Holder's  rights and  remedies  provided
herein or any other rights or remedies afforded by law.

         11.  Nothing  contained in this Note shall be  construed as  conferring
upon the  Holder  the right to vote or to  receive  dividends  or to  consent or
receive notice as a shareholder in respect of any meeting of shareholders or any
rights  whatsoever  as a  shareholder  of the Company,  unless and to the extent
converted in accordance with the terms hereof.

                                       4
<PAGE>

         IN WITNESS  WHEREOF,  the Company has caused this instrument to be duly
executed by an officer thereunto duly authorized.

Dated: October 30, 2000

                                                     FINANCIAL INTRANET, INC.

                                                     By:/s/Corey Rinker
                                                     -------------------
                                                           Corey Rinker
                                                     -------------------
                                                     (Print Name)
                                                           V.P.
                                                     -------------------
                                                     (Title)NOTE

         NEITHER THESE  SECURITIES NOR THE SECURITIES  ISSUABLE UPON  CONVERSION
         HEREOF  HAVE BEEN  REGISTERED  WITH THE UNITED  STATES  SECURITIES  AND
         EXCHANGE COMMISSION OR THE SECURITIES  COMMISSION OF ANY STATE OR UNDER
         THE SECURITIES  ACT OF 1933, AS AMENDED.  THE SECURITIES ARE RESTRICTED
         AND MAY NOT BE  OFFERED,  RESOLD,  PLEDGED  OR  TRANSFERRED  EXCEPT  AS
         PERMITTED  UNDER THE ACT PURSUANT TO  REGISTRATION OR EXEMPTION OR SAFE
         HARBOR THEREFROM.

No.                                                                 US $  75,000
         --------------

                            FINANCIAL INTRANET, INC.

                           8% NOTE DUE AUGUST 31, 2001

        THIS Note is of a duly  authorized  issue of up to $200,000 of FINANCIAL
INTRANET, INC., a corporation organized and existing under the laws of the State
of Nevada and located at 116 Radio Circle,  Mt. Kisco,  NY 1054 (the  "Company")
designated as its 8% Convertible Notes.

         FOR VALUE  RECEIVED,  the  Company  promises  to pay to GARTH LLC,  the
registered  holder  hereof (the  "Holder"),  the  principal sum of Seventy Fifty
Thousand and 00/100  Dollars (US $75,000) on August 31, 2001 and to pay interest
on the principal sum outstanding from time to time in arrears on August 31, 2001
(the  "Maturity  Date"),  at the rate of 8% per annum  accruing from the date of
initial  issuance of this Note (the  "Issue  Date").  Accrual of interest  shall
commence on the first such business day to occur after the date hereof and shall
continue  until  payment  in full of the  principal  sum has  been  made or duly
provided  for.  In the event of a  default  hereunder,  the  principal  of,  and
interest on, this Note is payable at the option of the Holder,  in Common Shares
of the Company,  $.001 par value per share ("Common  Stock") as set forth below,
or in United States dollars,  at the address last appearing on the Note Register
of the Company as  designated  in writing by the Holder  from time to time.  The
Company will pay the  principal  of and interest  upon this Note on the Maturity
Date, less any amounts required by law to be deducted,  to the registered holder
of this Note as of the tenth day prior to the  Maturity  Date and  addressed  to
such holder at the last address  appearing on the Note Register.  The forwarding
of such check shall constitute a payment of principal and interest hereunder and
shall  satisfy and  discharge  the  liability for principal and interest on this
Note to the extent of the sum  represented  by such  check  plus any  amounts so
deducted.

                                       1
<PAGE>

         This Note is subject to the following additional provisions:

         1.  The Note is  issuable  in  denominations  of Ten  Thousand  Dollars
(US$10,000) and integral multiples  thereof,  provided that the number of shares
to be issued upon  conversion  is a minimum of 30,000  (unless if at the time of
election  to  convert  the  number  of  shares of  Common  Stock  issuable  upon
conversion is less than 3,000).  The Note is exchangeable for an equal aggregate
principal amount of Notes of different authorized denominations, as requested by
the  Holder  surrendering  the same.  No  service  charge  will be made for such
registration or transfer or exchange.

         2. The  Holder of this Note is  entitled  at any time,  at its  option,
subject  to  the  following  provisions,  to  convert  all or a  portion  of the
principal  amount of this Note into shares of Common Stock at a conversion price
for each share of Common Stock equal to the Current  Market Price  multiplied by
seventy-five percent (75%)(the "Conversion Price"). "Current Market Price" means
the average  closing bid price of the Common Stock as reported by Bloomberg,  LP
or, if not so reported, as reported on the over-the-counter market, for the five
(5)  trading  days ending on the trading  day  immediately  before the  relevant
Conversion Date (as defined below).  The amount of shares issuable pursuant to a
conversion  shall equal the principal amount (or portion thereof) of the Note to
be converted divided by the Conversion Price.

                  Conversion shall be effectuated by surrendering the Note to be
converted  to the  Company,  accompanied  by or preceded by  facsimile  or other
delivery  to the Company of the form of  conversion  notice  attached  hereto as
Exhibit A, executed by the Holder evidencing such Holder's  intention to convert
a specified  portion hereof,  and  accompanied,  if required by the Company,  by
proper assignment hereof in blank. Interest accrued or accruing from the date of
issuance to the date of conversion shall, at the option of the Company,  be paid
in cash or Common Stock upon  conversion at the Conversion  Price. No fractional
shares of Common Stock or scrip representing  fractions of shares will be issued
on conversion, but the number of shares issuable shall be rounded to the nearest
whole share.  The date on which notice of conversion  is given (the  "Conversion
Date")  shall be deemed to be the date on which the  Holder  faxes or  otherwise
delivers the conversion  notice ("Notice of  Conversion"),  substantially in the
form  annexed  hereto as Exhibit A, duly  executed,  to the  Company.  Facsimile
delivery  of the  Notice of  Conversion  shall be  accepted  by the  Company  at
facsimile   number  (914)  277-3338  ATTN:   Michael   Sheppard  .  Certificates
representing  Common Stock upon  conversion  will be delivered  within three (3)
business  days  from the date the  Notice  of  Conversion  is  delivered  to the
Company.

         3. The  Company  shall be entitled  to  withhold  from all  payments of
principal  of, and  interest  on, this Note any amounts  required to be withheld
under the  applicable  provisions  of the United States income tax laws or other
applicable  laws at the time of such  payments,  and Holder  shall  execute  and
deliver all required documentation in connection therewith.

         4. This Note has been issued subject to investment  representations  of
the  original  purchaser  hereof and may be  transferred  or  exchanged  only in
compliance  with the Securities  Act of 1933, as amended (the "Act"),  and other
applicable  state and  foreign  securities  laws.  In the event of any  proposed
transfer of this Note, the Company may require,  prior to issuance of a new Note
in  the  name  of  such  other  person,  that  it  receive  reasonable  transfer
documentation  including  legal  opinions  that the issuance of the Note in such
other name does not and will not cause a violation of the Act or any  applicable
state or foreign  securities laws. Prior to due presentment for transfer of this
Note,  the  Company  and any agent of the  Company may treat the person in whose
name this Note is duly  registered on the  Company's  Note Register as the owner
hereof for the purpose of receiving payment as herein provided and for all other
purposes,  whether or not this Note be overdue,  and neither the Company nor any
such agent shall be affected by notice to the contrary.

         5. No  provision of this Note shall alter or impair the  obligation  of
the Company,  which is absolute and unconditional,  to pay the principal of, and
interest  on,  this  Note at the  time,  place,  and  rate,  and in the  coin or
currency, herein prescribed. This Note is a direct obligation of the Company.

         6. No recourse shall be had for the payment of the principal of, or the
interest on, this Note, or for any claim based  hereon,  or otherwise in respect
hereof,  against any incorporator,  shareholder,  officer or director,  as such,
past, present or future, of the Company or any successor corporation, whether by
virtue of any constitution, statute or rule of law, or by the enforcement of any
assessment or penalty or otherwise,  all such liability being, by the acceptance
hereof and as part of the consideration  for the issue hereof,  expressly waived
and released.

                                       2
<PAGE>

         7. The Holder of the Note, by acceptance hereof,  agrees that this Note
is being acquired for  investment  and that such Holder will not offer,  sell or
otherwise  dispose  of this Note or the  shares of Common  Stock  issuable  upon
conversion  thereof  except  under  circumstances  which  will not  result  in a
violation of the Act or any applicable state Blue Sky or foreign laws or similar
laws relating to the sale of securities.

         8. This Note shall be governed by and construed in accordance  with the
laws of the State of New York. Each of the parties  consents to the jurisdiction
of the federal courts whose districts encompass any part of the City of New York
or the state  courts of the State of New York sitting in the City of New York in
connection with any dispute  arising under this Agreement and hereby waives,  to
the maximum  extent  permitted by law, any  objection,  including  any objection
based on forum non  coveniens,  to the bringing of any such  proceeding  in such
jurisdictions.

         9.       The following shall constitute an "Event of Default":

                  a.       The Company shall default in the payment of principal
                           or interest on this Note and  same shall continue for
                           a period of five (5) days; or

                  b.       Any of the  representations or warranties made by the
                           Company   herein,   in  the  Agreement,   or  in  any
                           certificate or financial or other written  statements
                           heretofore  or hereafter  furnished by the Company in
                           connection  with the  execution  and delivery of this
                           Note or the Agreement shall be false or misleading in
                           any material respect at the time made; or

                  c.       The Company shall fail to perform or observe,  in any
                           material   respect,   any   other   covenant,   term,
                           provision,  condition, agreement or obligation of any
                           Note  (as  defined  in  the  Agreement,   which  term
                           includes this Note) and such failure  shall  continue
                           uncured  for a  period  of  thirty  (30)  days  after
                           written notice from the Holder of such failure; or

                  d.       The Company shall fail to perform or observe,  in any
                           material  respect,  any  covenant,  term,  provision,
                           condition,  agreement  or  obligation  of the Company
                           under  the  Agreement  or  the  Registration   Rights
                           Agreement and such failure shall continue uncured for
                           a period of thirty  (30) days  after  written  notice
                           from the Holder of such failure; or

                  e.       The  Company  shall  (1) make an  assignment  for the
                           benefit of creditors or commence proceedings  for its
                           dissolution;  or  (2)  apply  for  or  consent to the
                           appointment of a trustee, liquidator  or receiver for
                           its  or  for  a  substantial  part of its property or
                           business; or

                  f.       A  trustee, liquidator or receiver shall be appointed
                           for  the  Company  or for a  substantial  part of its
                           property or business  without  its  consent and shall
                           not be  discharged  within sixty (60) days after such
                           appointment; or

                                       3
<PAGE>

                  g.       Any  governmental  agency or any  court of  competent
                           jurisdiction  at the  instance  of  any  governmental
                           agency shall  assume  custody or control of the whole
                           or  any  substantial  portion  of the  properties  or
                           assets of the  Company  and  shall  not be  dismissed
                           within sixty (60) days thereafter; or

                  h.       Any money judgment, writ or warrant of attachment, or
                           similar  process  in excess of One  Hundred  Thousand
                           ($50,000)  Dollars  in the aggregate shall be entered
                           or filed against the Company or any of its properties
                           or other assets and shall remain  unpaid,  unvacated,
                           unbonded or unstayed  for a period of sixty (60) days
                           or in any event later than five (5) days prior to the
                           date of any proposed sale thereunder; or

                  i.       Bankruptcy, reorganization, insolvency or liquidation
                           proceedings or other proceedings for relief under any
                           bankruptcy  law or any law for the  relief of debtors
                           shall be instituted by or against the Company and, if
                           instituted   against  the   Company,   shall  not  be
                           dismissed   within   sixty   (60)  days   after  such
                           institution  or the  Company  shall by any  action or
                           answer  approve of,  consent to, or  acquiesce in any
                           such  proceedings  or admit the material  allegations
                           of, or default in  answering a petition  filed in any
                           such proceeding; or

                  j.       The Company shall have its Common Stock  suspended or
                           delisted from an exchange or over-the-counter  market
                           from trading for in excess of two trading days.

Then, or at any time  thereafter,  and in each and every such case,  unless such
Event of Default  shall have been waived in writing by the Holder  (which waiver
shall not be deemed to be a waiver of any  subsequent  default) at the option of
the Holder and in the  Holder's  sole  discretion,  the Holder may  consider all
obligations  under this Note immediately due and payable within five (5) days of
notice,  without  presentment,  demand,  protest or notice of any kinds,  all of
which  are  hereby  expressly  waived,  anything  herein or in any note or other
instruments  contained  to the  contrary  notwithstanding,  and the  Holder  may
immediately  enforce any and all of the Holder's  rights and  remedies  provided
herein or any other rights or remedies afforded by law.

         10. The Holder may convert this Note or receive shares of Common  Stock
as payment of interest  hereunder  to the extent such  conversion  or receipt of
such interest  payment  would result in the Holder,  together with any affiliate
thereof,  beneficially  owning (as determine in accordance with Section 13(d) of
the Exchange Act and the rules  promulgated  thereunder)  in excess of 9.999% of
the then  issued  and  outstanding  shares of  Common  Stock,  including  shares
issuable upon  conversion of, and payment of interest on, the Notes held by such
Holder after application of this Section. Since the Holder will not be obligated
to report to the Company the

                                       4
<PAGE>

number  of  shares  of  Common  Stock it may  hold at the  time of a  conversion
hereunder, unless the conversion at issue would result in the issuance of shares
of Common  Stock in excess  of 9.999% of the then  outstanding  shares of Common
Stock without regard to any other shares which may be beneficially  owned by the
Holder  or an  affiliate  thereof,  the  Holder  shsll  have the  authority  and
obligation to determine  whether the restriction  contained in this Section will
limit any  particular  conversion  hereundr  and to the  extent  that the Holder
determines  that  the  limitation   contained  in  this  Section  applies,   the
determination  of which portion of the principal amount of Notes are convertible
shall be the  responsibility  and  obligation  of the Holder.  If the Holder has
delivered a Conversion  Notice for a principal amount of Notes that would result
in the issuance of in excess of the permitted amount  hereunder,  without regard
to any other shares that the Holder or its affiliates may beneficially  own, the
company shall notify the Holder of this fact and shall honor the  conversion for
the maximum  principal  amount permitted to be converted on such Conversion Date
and, at the option of the Holder,  either retain any principal  amount  tendered
for  conversion  in  excess  of  the  permitted   amount  hereunder  for  future
conversions or return such excess principal amount to the Holder. The provisions
of this  Section may be waived by a Holder (but only as to itself and not to any
other  Holder)  upon not less than 61 days prior  notice to the  Company.  Other
Holders shall be unaffected by any such waiver.

         11.  Nothing  contained in this Note shall be  construed as  conferring
upon the  Holder  the right to vote or to  receive  dividends  or to  consent or
receive notice as a shareholder in respect of any meeting of shareholders or any
rights  whatsoever  as a  shareholder  of the Company,  unless and to the extent
converted in accordance with the terms hereof.

                                       5
<PAGE>

         IN WITNESS  WHEREOF,  the Company has caused this instrument to be duly
executed by an officer thereunto duly authorized.

Dated: January 18, 2001

                                                     FINANCIAL INTRANET, INC.

                                                     By:/s/Michael Sheppard
                                                        -------------------
                                                           Michael Sheppard
                                                        ------------------------
                                                     (Print Name)
                                                           President
                                                        ------------------------
                                                      (Title)

                                       5

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