Document:

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                                                                 Exhibit 10(vii)

                         UNITED STATES BANKRUPTCY COURT
                             DISTRICT OF CONNECTICUT
                               BRIDGEPORT DIVISION
In re:

POWER DESIGNS, INC. and             :      Chapter 11
PDIXF ACQUISITION CORP.             :
                                    :     Case No. 98-50117
    Debtors                         :     Case No. 98-50118
                                    :     (Jointly Administered)

                      FINDINGS OF FACT, CONCLUSIONS OF LAW,
                    AND ORDER UNDER SECTIONS 1129(A) AND (B)
                        OF THE BANKRUPTCY CODE CONFIRMING
                    FOURTH AMENDED PLAN OF REORGANIZATION OF
                 POWER DESIGNS, INC. AND PDIXF ACQUISITION CORP.
                     UNDER CHAPTER 11 OF THE BANKRUPTCY CODE

                                    RECITALS

            A. On January 22, 1998, Power Designs, Inc. ("PDI") and PDIXF
Acquisition Corp. ("PDIXF"), the above-captioned debtors and debtors in
possession (the "Debtors"), filed petitions for relief under Chapter 11 of the
Bankruptcy Code. On November 24, 1999, the Debtors filed their Amended
Disclosure Statement and an Amended Plan of Reorganization ("Amended Plan").

             B. This Court held a properly noticed hearing on November 30, 1999
to consider the adequacy of the Debtors' Amended Disclosure Statement. On that
same date, this Court entered an order (i) approving the
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Amended Disclosure Statement, (ii) establishing solicitation, and voting and
tabulation procedures and deadlines, (iii) scheduling a hearing to consider
confirmation of the Amended Plan, (iv) establishing deadlines and procedures for
filing objections to confirmation of the Amended Plan, and (v) approving the
form and manner of notice of the Confirmation Hearing (the "Scheduling Order").

            C. Prior to the Court's deadline for filing objections to the
Amended Plan, objections to confirmation were filed by the State of Connecticut,
Department of Labor, United States of America, Internal Revenue Service, Pension
Benefit Guaranty Corp., Universal Manufacturing Co., Bruce MacDonald and Robert
Layton (the "Objections").

             D. On August 23, 2000, the Debtors filed their Second Amended Plan
which, INTER ALIA, resolved some of the pending objections.

            E. On October 31, 2000, this Court granted the Debtors' Motion for
Order Authorizing Compromise and Settlement of Claims with Universal
Manufacturing Co., Inc., and granting a first priority lien on Winding Machine
which resolved the objection to the Amended Plan filed by Universal
Manufacturing Co.

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            F. On December 20, 200, the Debtors filed their Third Amended Plan
which, inter alia, resolved additional pending Objections and was served on all
creditors and parties having filed appearances pursuant to Fed. R. Bankr. P.
2002.

            G. On January 23, 2001, the Debtors filed their Fourth Amended Plan
(the "Plan") which was then served on all creditors and parties having filed
appearances pursuant to Fed. R. Bankr. P. 2002. The Plan resolved the remaining
Objections, a second objection filed by the State of Connecticut.

            H. Under the Plan, Hayes is defined as Hayes Corporation f/k/a
Access Beyond, Inc. as successor in interest to Access Beyond, Inc., RDCAN Corp.
(formerly Technipower, Inc.) and Intist (formerly Constant Power, Inc.). Hayes
holds a disputed claim against the Debtor that is unsecured within the meaning
of Codess.506 ("Hayes").

            I. The Chapter 11 Cases were filed, and the Plan was proposed, with
the purposes of reorganizing the Debtors by reducing their debt burden and
expeditiously distributing cash and securities to the Debtors' creditors.
Furthermore, the Plan is the product of months of extensive, arms-length

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negotiations among the Debtors, the Creditors Committees, and various parties in
interest and their respective counsel and financial advisors. The Plan reflects
the results of these negotiations and is reflective of the interests of all of
the estate's constituencies.

            J. The Confirmation Hearing was held on January 23, 2001 at 2:00
p.m. at which time counsel to the Debtors, the Official Committee of Unsecured
Creditors of PDI, the Official Committee of Unsecured Creditors of PDIXF,
Inverness Corporation (the principal secured creditor of the Debtors), the
United States of America Internal Revenue Service and the United States Trustee
appeared in support of confirmation of the Plan.

            NOW, THEREFORE, based upon the Court's review of the Certification
of Ballots previously filed with the Court and upon (i) all of the proffers and
arguments of counsel made at the Confirmation Hearing as modified and clarified
herein and (ii) the entire record of the Chapter 11 cases (the "Chapter 11
Cases"), and after due deliberation thereon and good cause appearing therefor:

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            FINDINGS OF FACT AND CONCLUSIONS OF LAW(1)

            IT IS HEREBY FOUND AND DETERMINED THAT:

            1. Exclusive Jurisdiction: Venue: Core Proceeding (28 U.S.C.
SS.SS.157, 1334(a), 1408 AND 1409). This Court has jurisdiction over the Chapter
11 cases pursuant to 28 U.S.C.ss.ss.157 and 1334. Venue is proper before the
Court pursuant to 28 U.S.C.ss.1408 and 1409. Confirmation of the Plan is a core
proceeding under 28 U.S.C.ss. 157(b)(2), and this Court has exclusive
jurisdiction to determine whether the Plan complies with the applicable
provisions of the Bankruptcy Code and should be confirmed.

            2. Burden Of Proof. The Debtors, as proponents of the Plan, have the
burden of proving the elements of sections 1129(a) and (b) and have satisfied
their burden.

            3. Transmittal and Mailing of Materials. Notice. The Amended Plan,
Third Amended Plan and Fourth Amended Plan each were transmitted and served in
compliance with the Bankruptcy Rules, and such

----------
(1) Findings of Fact shall be construed as conclusions of law and conclusions of
law shall be construed as findings of fact when appropriate. SEE Fed. R. Bankr.
P. 7052.

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transmittal and service were adequate and sufficient. Adequate and sufficient
notice of the Confirmation Hearing and the other dates described in the
Scheduling Order was given in compliance with the Bankruptcy Rules, and no other
or further notice is or shall be required.

            4. Plan Compliance and Plan Proponent Compliance WITH THE APPLICABLE
PROVISIONS OF THE BANKRUPTCY CODE (11 U.S.C. SS.1129(A)(L) AND (A)(2)). The Plan
and the Plan Proponent, the Debtors have complied with the applicable provisions
of the Bankruptcy Code, thereby satisfying ss. 1129(a)(l) and (a)(2) of the
Bankruptcy Code.

                   (i) Proper Classification of Claims and INTERESTS (11 U.S.C.
SS.SS. 1122 AND 1L23(A)(1)). In addition to Administrative Claims and Priority
Tax Claims, which need not be classified, the Plan designates nine Classes of
Claims and Equity Interests. The Claims or Equity Interests placed in each Class
are substantially similar to other Claims or Equity Interests, as the case may
be, in such Class. Valid business, factual and legal reasons exist for
separately classifying the various Classes of Claims and Equity Interests
created under the

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Plan, and such Classes do not unfairly discriminate among holders of Claims or
Equity Interests. Thus, the Plan satisfies ss.ss. 1122 and 1123(a)(1) of the
Bankruptcy Code. Impaired and unimpaired classes are specified in the Plan. The
Plan also provides for the same treatment by the Debtors for each Claim or
Equity Interest in a particular Class.

            (ii) Implementation of Plan (11 U.S.C. ss.1123(a)(5)). The Amended
Disclosure Statement and the Amended Plan and each subsequent amended plan
(including the Plan) disclosed that the Debtors will retain their property under
the Plan and disclosed the merger of PDIXF into PDI on the Effective Date of the
Plan. Considering the Plan, the record and the circumstances of this case, the
Plan provides adequate and proper means for implementation of the Plan,
including the merger of PDIXF into PDI on the Effective Date, thereby satisfying
ss. 1123(a)(5) of the Bankruptcy Code.

            5. Plan Proposed in Good Faith (11 U.S.C.ss. 1129(a)(3)). The
Debtors have proposed the Plan in good faith and not by any means forbidden by
law, thereby satisfying ss.1129(a)(3) of the Bankruptcy Code.

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            6. Payments for Services or Costs and Expenses (11 U.S.C. ss.
1129(a)(4)). Except as otherwise provided or permitted by the Plan, any payment
made or to be made by the Debtors for services or for costs and expenses in or
in connection with the Chapter 11 Cases, or in connection with the Plan and
incident to the Chapter 11 Cases, has been approved by, or is subject to the
approval of, the Court as reasonable, thereby satisfying ss. 1129(a)(4) of the
Bankruptcy Code.

            7. Directors, Officers, and Insiders (11 U.S.C.ss. 1129(a)(5)). The
Debtors have complied withss.1129(a)(5) of the Bankruptcy Code. The Plan
provides for and discloses the identities of the initial board of directors of
Reorganized PDI and the officers of Reorganized PDI.

            8. No Rate Changes (11 U.S.C.ss.1129(a)(6)). The Debtors' prices are
not subject to governmental regulation. Thus,ss. 1129(a)(6) of the Bankruptcy
Code is not applicable in this Chapter 11 Case.

            9. Best Interests of Creditors Test (11 U.S C. ss.1129(a)(7)). The
Plan satisfies ss. 1129(a)(7) of the Bankruptcy Code. The liquidation analysis
contained in the Amended Disclosure Statement and other proffers made at the

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Confirmation Hearing (i) are persuasive and credible, (ii) have not been
controverted by other evidence or challenged, and (iii) establish that each
holder of a Claim or Equity Interest in an impaired Class either (x) has
accepted the Plan or (y) will receive or retain under the Plan, on account of
such Claim or Equity Interest, property of a value, as of the Effective Date of
the Plan, that is not less than the amount that it would receive if the Debtors
were liquidated under chapter 7 of the Bankruptcy Code.

            10. (i) Acceptance by Certain Classes 11 U.S.C. ss. 1129(a)(8).
Classes 1A, 1B, 4A and 4B have voted to accept the Plan in accordance with
sections 1126(c) and (d) of the Bankruptcy Code. SEE Certification of Ballots.
Class 3 is a class of priority claims and has voted to accept the Plan but is
unimpaired. Classes 5 and 6 are not entitled to receive or retain any property
under the Plan, and, therefore, are deemed to have rejected the Plan pursuant to
ss.1126(g) of the Bankruptcy Code.

            (ii) Acceptance by Hayes 11 U.S.C. ss.1129(a)(8). The claims of
Hayes against PDI and PDIXF are impaired and are treated in the Plan in Classes
2A and 2B, respectively, and their treatment was adequately disclosed in the

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Amended Disclosure Statement. PDIXF scheduled Hayes or its predecessor in
interest as holding a disputed claim, counsel for Hayes filed an appearance in
the cases subjecting Hayes to this Court's jurisdiction, Hayes did not file a
proof of claim in these cases and received adequate and sufficient notice of the
Amended Disclosure Statement and the Plan. Taking into consideration Hayes'
failure to vote on or object to the Plan and its failure to file a proof of
claim, the lack of equity for its collateral position in any assets of the
Debtors, the value of its claim ascribed by the Debtors after careful
consideration of relevant issues between the parties, the fact that the amount
of payments and stock which Hayes is to receive under the Plan is more than it
would receive in liquidation, the fact that Hayes is the only member of Classes
2A and 2B, and in the absence of any objection, this Court finds that under
these circumstances, Hayes is deemed to have accepted the Plan. SEE IN RE
RUTI-SWEETWATER, INC., 836 F.2d 1263 (10th Cir. 1988).

            (iii) Non-acceptance by other Classes. Although ss. 1129(a)(8) of
the Bankruptcy Code has not been satisfied with respect to Classes 5 and 6, the
Plan is confirmable because the Plan satisfies ss. 1129(b) of the Bankruptcy
Code with respect to such Classes, as found below.

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            11. Treatment of Priority Claims (11 U.S.C. ss. 1129(a)(9)). The
Plan's treatment of Allowed Administrative Claims, and Allowed Priority Claims,
including Tax Claims satisfies the requirements of ss. 1129(a)(9)(A), (B) and
(C) of the Bankruptcy Code, respectively. Professional fees and expenses
incurred through the date this Order is entered, the Confirmation Date, are
subject to approval by the Court.

            12. Acceptance of at Least One Impaired Class (11 U.S.C.SS.11 29(a)(
10)). Classes 4A (General Unsecured Claims of PDI) and 4B (General Unsecured
Claims of PDIXF) are impaired Classes of Claims that have voted to accept the
Plan, and they have accepted the Plan in requisite numbers and amounts without
the need to include any acceptance of the Plan by any insider, thus satisfying
ss.1129(a)(10) of the Bankruptcy Code. SEE Certification of Ballots.

            13. Feasibility (11 U.S.C. ss. 1129(a)(11). Based on the proffer of
counsel, the operating reports of the Debtors, the projections set forth in the
Amended Disclosure Statement and the support of the U.S. Trustee, Reorganized
PDI will have the ability to meet its obligations under the Plan. Based upon the

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Debtors' projections, Reorganized PDI will be able to make all of the payments
required pursuant to the Plan and, therefore, confirmation of the Plan is not
likely to be followed by liquidation or the need for further reorganization.

            14. Payment of Certain Fees 11 U.S.C. ss. 1129(a)(12)). All fees
payable on or before the Effective Date under 28 U.S.C. ss. 1930 either have
been paid or will be paid on the Effective Date. In addition, any such fees that
may be due and payable after the Effective Date shall be paid by the Reorganized
PDI. Accordingly, the Plan satisfies ss. 1129(a)(12) of the Bankruptcy Code.

            15. Continuation of Retiree Benefits (11 U.S.C.ss. 1129(a)(13)).
This section is not applicable.

            16. Fair and Equitable: No Unfair Discrimination
(11 U.S.C.ss.ll29(b).

                   (i) Classes 5 and 6 are impaired Classes of Interests that
are deemed to have rejected the Plan pursuant to ss.1126(g) of the Bankruptcy
Code because their such interests will be cancelled and extinguished. The
Debtors made uncontroverted proffers at the Confirmation Hearing that the Plan
does not discriminate unfairly and is fair and equitable with respect to these
Rejecting

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Classes, as required by ss. 1129(b)(1) of the Bankruptcy Code and no interest
junior to Classes 5 and 6 is receiving any distribution under the Plan and each
holder would receive no distribution in liquidation on account of their
interest. Therefore, the Court finds that the Plan is fair and equitable with
respect to Classes 5 and 6 and that the Debtors have satisfied 11 U.S.C.
ss.1129(b)(1) and (b)(2).

                   (ii) Thus, the Plan may be confirmed notwithstanding the
Debtors failure to satisfy ss.1129(a)(8) of the Bankruptcy Code.

            17. Good Faith Solicitation (11 U.S.C. ss. 1125(e)). Based upon the
record before the Court, the Debtors, and the Creditors Committees, and their
respective agents, counsel and financial advisors have solicited votes on the
Plan in good faith and in compliance with the applicable provisions of the
Bankruptcy Code and are entitled to the protections afforded by ss. 1125(e) of
the Bankruptcy Code.

            18. Satisfaction of Confirmation Requirements. The Plan satisfies
the requirements for confirmation set forth inss.ss. 1129(a) and (b) of the
Bankruptcy Code.

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                                     DECREES

            NOW THEREFORE, IT IS HEREBY ORDERED, ADJUDGED, DECREED AND
DETERMINED THAT,

            19. Confirmation. The Plan (a copy of which is annexed hereto as
Exhibit A, and which consists of the Fourth Amended Plan) is approved and
confirmed under ss. 1129 of the Bankruptcy Code as of the date of this Order.
All objections to the Plan not heretofore withdrawn or resolved as set forth on
the record at the Confirmation Hearing are overruled in their entirety.

            20. As set forth on the record at the Confirmation Hearing, Venture
Partners, Ltd. and Vantage Partners, LLC shall vote the shares of Reorganized
PDI Common Stock to be issued to them under the Plan only in accordance with the
recommendations of the Debtor's Board of Directors until termination, in
accordance with Section 2 thereof, of the voting agreement set forth in Section
1 of the Shareholders Voting Agreement which is Exhibit 7.3 to the Plan.

            21. Provisions of Plan and Order Nonseverable and MUTUALLY
DEPENDENT. The provisions of the Plan and this Confirmation Order, including the

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findings of fact and conclusions of law set forth herein, are nonseverable and
mutually dependent.

            22. Final Decree. The Debtor is directed to file a Final Report with
an Application for Final Decree no later than July 31, 2001 unless that time is
extended by this Court.

      Dated at Bridgeport, Connecticut this ____ day of February, 2001.

                              BY THE COURT,

                              -------------------------------
                              Alan H.W. Shiff
                              Chief, U.S. Bankruptcy Judge

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<PAGE>

                         UNITED STATES BANKRUPTCY COURT
                             DISTRICT OF CONNECTICUT
                               BRIDGEPORT DIVISION

In re:

POWER DESIGNS, INC. and             :     Chapter 11
PDIXF ACQUISITION CORP.             :
                                    :     Case No. 98-50117
    Debtors                         :     Case No. 98-50118
                                    :     (Jointly Administered)

                             CERTIFICATE OF SERVICE

      I, Matthew K. Beatman, hereby certify that on the 15th day of February,
2001, I served a copy of the proposed Findings of Fact, Conclusions of Law, and
Order Under Sections 1129(a) and (b) of the Bankruptcy Code Confirming Fourth
Amended Plan of Reorganization of Power Designs, Inc. and PDIXF Acquisition
Corp. under Chapter 11 of the Bankruptcy Code by regular postage prepaid mail
to:

Power Designs, Inc.
PDIXF Acquisition Corp.
Anthony Intino, President
Melvin A. Becker, Vice President
14 Commerce Street
Danbury, CT 06810

Mark I. Fishman, Esq.
Pepe & Hazard, LLP
30 Jelliff Lane
Southport, CT 06490-1436
Attorneys for Inverness Corp.

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<PAGE>

Brian C. Courtney, Esq.
Brown, Rudnick, Freed & Gesmer
CityPlace 1, 38th Floor
Hartford, CT  06103

Robert U. Sattin, Esq.
Eric A. Henzy, Esq.
Reid and Riege, P.C.
One State Street
Hartford, CT 06103

Keith N. Costa, Esq.
Office of the U.S. Trustee
265 Church St., #1103
New Haven, CT 065l0

Ann M. Nevins, Esq.
Assistant United States Attorney
915 Lafayette Blvd., Room 309
Bridgeport, CT  06604

      Dated this___ day of February, 2001.

                                    THE DEBTORS,
                                    POWER DESIGNS, INC. and
                                    PDIXF ACQUISITION CORP.

                              By:
                                    --------------------------------
                                    Matthew K. Beatman (ct08923)
                                    ZEISLER & ZEISLER, P.C.
                                    558 Clinton Avenu, P.O. Box 3186
                                    Bridgeport, CT  06605
                                    (203) 368-4234
                                    Its Attorneys<PAGE>

                                                                   EXHIBIT 10.77

                                 PROMISSORY NOTE

$200,000.00                                                     February 9, 2001
                                                                    New York, NY

            For value received, ATM Service, Ltd., a New York Corporation (the
"Borrower"), hereby unconditionally promises to pay to the order of Joyce
LaTerre, at 415 E. 52nd Street, New York, NY (the "Lender"), in lawful money of
the United States of America and in immediately available funds, the principal
sum of Two Hundred Thousand ($200,000.00) Dollars (the "Loan"), payable on the
date and in the manner set forth below.

            1. PRINCIPAL REPAYMENT. The outstanding principal amount of the Loan
      is payable, in full, on the earlier of forty (45) days from the date of
      the disbursement of the Loan or within five (5) business days following
      the Borrower's receipt of funds from Dime Savings Bank sufficient to pay
      the principal balance of the Loan (the "Maturity Date").

            2. INTEREST RATE. The Borrower further promises to pay interest on
      the sum of the unpaid principal balance of the Loan outstanding on each
      day, from the date of this Note until the Maturity Date or such earlier
      date as all of the principal shall have been repaid in full, at the rate
      of sixty (60%) percent per annum. Interest shall be payable on the
      Maturity Date (or on the prepayment of the principal, if the principal is
      paid prior to the Maturity Date).

            3. PLACE OF PAYMENT. All amounts payable hereunder shall be payable
      to the Lender in the manner specified by the Lender to the Borrower in
      writing. In the event that payment is to be made by wire transfer, such
      payment shall be made on a day that banks are open for business in New
      York, New York.

            4. PREPAYMENT. The Loan may be prepaid by the Borrower, in whole or
      in part, without premium or penalty, at any time.

            5. APPLICATION OF PAYMENT. All payments received by the Lender shall
      be applied as follows: (First) to the payment of accrued and unpaid
      interest, and (Second) to the payment of principal. If any payment
      received by the Lender under this Note is rescinded, avoided or for any
      reason returned by the Lender because of any adverse claim or threatened
      action, the returned payment shall remain payable as an obligation under
      this Note as though such payment had not been made.

            6. WAIVER. The Borrower waives presentment and demand for payment,
      notice of dishonor, protest and notice of protest of this Note, and shall
      pay all costs of collection when incurred, including, without limitation,
      reasonable attorney's feed, costs and other expenses.

            7. ATTORNEY'S FEES. In the event of default by the Borrower (or its
      assignee) in the payment of principal or interest due on this Note, the
      Lender shall be entitled

<PAGE>

      to receive and the Borrower (or its assignee) agrees to pay all reasonable
      costs of collection incurred by the Lender, including, without limitation,
      reasonable attorney's fees, in any trial, arbitration, or administrative
      proceeding, or in any appellate or bankruptcy proceeding.

            8. GOVERNING LAW. This Note shall be governed by, and construed
      enforced in accordance with, the laws of the State of New York, excluding
      conflict of law principles that would cause the application of laws of any
      other jurisdiction.

            9. SUCCESSORS AND ASSIGNS. The provisions of this Note shall inure
      to the benefit of and be binding on any successor to the Borrower and
      shall extend to any permitted holder hereof.

            10. NOTICES. Any notices required to be delivered under this Note
      shall be in writing and either shall be delivered in person with receipt
      acknowledged or sent by registered or certified mail, return receipt
      requested, postage prepaid, or by telecopy and confirmed by telecopy
      answerback addressed as follows:

            (a)   If to the Lender, at:

                  415 E. 52nd Street, Apt 10G-E
                  New York, NY 10022

            (b)   If to the Borrower, at:

                  ATM Service, Ltd.
                  424 Madison Avenue
                  New York, NY 10017
                  Attention:  President

            11. WAIVERS BY THE BORROWER. The Borrower hereby waives and releases
      all errors, defects and imperfections in any proceedings instituted by the
      Lender under the terms of this Note, as well as all benefits that might
      accrue to the Borrower by virtue of any present or future laws exempting
      any property, real or personal, or any part of the proceeds arising from
      any sale of any such property, from attachment, levy or sale under
      execution, or providing for any stay of execution, exemption from civil
      process or extension of time for payment.

            12. PAST DEFAULTS. Failure on the part of the Lender to exercise any
      right or remedy hereunder, whether before or after the happening of
      default, shall not constitute a waiver thereof and no waiver of any past
      default shall constitute a waiver in a future default, or of any other
      default. No failure to accelerate the debt evidenced hereby by reason of
      default hereunder, or acceptance of a past due installment or indulgence
      granted from time to time shall be construed to be a waiver of the right
      to insist upon prompt payment thereafter or to impose late charges
      retroactively or prospectively or shall be deemed a novation of this Note
      or as a reinstatement of the debt evidenced hereby or the waiver of such
      right of acceleration or any other right; and the Borrower

<PAGE>

      hereby expressly waives the benefit of any statute or rule or law or
      equity which would produce a result contrary or in conflict with the
      foregoing.

            13. MODIFICATION. This Note may not be changed orally, but only by
      an agreement in writing signed by the party or parties against whom the
      Agreement is sought to be enforced.

            14. SEVERABILITY OF PROVISIONS. If any clause or provision of this
      Note is or becomes un-constitutional, illegal, invalid or unenforceable
      because of present or future laws, the remaining clauses and provision of
      this Note shall not be affected thereby and shall remain fully
      enforceable.

            15. CURRENCY. All amounts payable under this Note are payable in
      lawful money of the United States. Checks will constitute payment only
      when collected.

            16. USE OF PROCEEDS. The proceeds of the Loan shall be used by the
      Borrower to pay outstanding Exxon/Mobil invoices owed by the Borrower and
      for no other purpose.

      IN WITNESS WHEREOF, the Borrower has executed this Note as of date first
written above.

                                ATM SERVICE, LTD.

                              By:  /s/ Thomas Settineri/Gary Levi
                                 ---------------------------------------
                                    Name:  Thomas Settineri
                                    Name:  Gary Levi

<PAGE>

                                    GUARANTY

      Each of the undersigned (the "Guarantor"), hereby unconditionally and
irrevocably guarantees to Joyce LaTerre (the "Payee"), in connection with that
certain Promissory Note executed and delivered by ATM Service, Ltd., a New York
corporation (the "Company"), in favor of the Payee, in the principal amount of
Two Hundred Thousand ($200,000.00) Dollars, dated the date hereof, a copy of
which is attached hereto as Exhibit "A" (the "Note"), the full and punctual
payment, if and when due, of all amounts required to be paid by the Company to
the Payee pursuant to the terms of the Note. This Guaranty shall remain in full
force and effect until any repayment obligation under the Note has been paid and
discharged in full.

      This Guaranty shall be governed by, and construed in accordance with, the
laws of the State of New York.

February 9, 2001

                                          /s/ Thomas Settineri
                                          ------------------------------
                                              Thomas Settineri

                                          /s/ Gary Levi
                                          ------------------------------
                                              Gary Levi

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