Document:

PROMISSORY NOTE

$40,000.00                                  Englewood, New Jersey April 2, 1999

FOR VALUE RECEIVED, the undersigned, FRED DEN (the "Payee"), residing at 102
Glen Way, Syosset, New York 11791 (the "Maker"), promises to pay to the order of
ATS MONEY SYSTEMS, INC. (the "Payee"), at its offices at 25 Rockwood Place,
Englewood, New Jersey 0763 1, or at such other place as may be designated by the
holder hereof in writing, the principal sum of FORTY THOUSAND DOLLARS
($40,000.00) in one installment on March 15, 2000. Interest shall accrue on the
unpaid principal amount of this Note from time to time outstanding at the rate
of 9% per annum. Except as otherwise provided in this Note, all accrued interest
shall be payable quarter-annually in arrears and at maturity (whether by
acceleration or otherwise). All payments by the Maker on account of this Note
shall be made in lawful money of the United States of America.

The Maker shall have the right to prepay this Note in whole at any time or in
part from time to time, without penalty or premium, provided that on each
prepayment the Maker shall pay accrued interest on the principal amount so
prepaid to the date of such prepayment.

If any of the following conditions or events shall occur and be continuing: (a)
the Maker shall default in the payment of any interest on this Note when the
same becomes due and payable and such default shall continue more than 10 days;
or (b) the Maker shall die or commit an act of bankruptcy; or there shall occur
any one or more "defaults" under the Stock Pledge Agreement (as defined below);
then, and in any such event, the Payee may at any time (unless all defaults
shall theretofore have been remedied) at its option, declare this Note to be due
and payable, whereupon this Note shall forthwith mature and become due and
payable, together with interest accrued thereon, without presentment, demand,
protest or notice, all of which are hereby waived.

This Note is secured by a security interest in 100,000 shares of Common Stock of
the Payee, granted pursuant to that certain Stock Pledge Agreement dated as of
the date of this Note, between the Maker and the Payee.

No failure on the part of the holder of this Note to exercise, and no delay in
exercising any right hereunder shall operate as a waiver thereof; nor shall any
single or partial exercise by the holder of this Note of any right hereunder
preclude any other or further exercise thereof or the exercise of any other
right. The rights and remedies herein provided are cumulative and not exclusive
of any remedies or rights provided by law or by any other agreement between the
Maker and the Payee.

The Maker shall reimburse the holder of this Note for all costs and expenses
incurred by it and shall pay the reasonable fees and disbursements of counsel to
the holder of this Note in connection with the enforcement of the holder's
rights hereunder.

<PAGE>

No amendment, modification or waiver of any provision of this Note nor consent
to any departure by the Maker therefrom shall be effective unless the same shall
be in writing and signed by the holder of this Note and then such waiver or
consent shall be effective only in the specific instance and for the specific
purpose for which given. This Note shall be governed by the laws of the State of
New Jersey, without giving effect to its choice of law principles. This Note
shall be binding upon the Maker and its successors and assigns and the terms
hereof shall inure to the benefit of the Payee and its successors and assigns,
including subsequent holders hereof. The provisions of this Note are severable,
and if any provision shall be held invalid or unenforceable in whole or in part
in any jurisdiction, then such invalidity or unenforceability shall not in any
manner affect such provision in any other jurisdiction or any other provision of
this Note in any jurisdiction.

The Maker hereby waives presentment, demand for payment, notice of protest and
all other demands in connection with the delivery, acceptance, performance,
default or enforcement of this Note.

In the event the holder hereof seeks to enforce its rights under this Note, the
Maker waives the right to interpose any set-off or counterclaim of any nature or
description against the holder.

                                       /s/ Fred Den
                                       Fred Den
                                       102 Glen Way
                                       Syosset, New York 11791

<PAGE>

                                 LEASE AGREEMENT

      THIS LEASE AGREEMENT, made this 22nd day of April, 1999, is by and between
Florida Offset, a division of Gannett Co., Inc. ("Landlord"), and ATS Money
Systems, Inc. ("Tenant").

      Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord,
the leased premises described below on the following terms and conditions:

      1. LEASED PREMISES. The leased premises shall contain approximately 3080
square feet of rentable space as shown on the floor plan attached as EXHIBIT "A"
(the "Leased Premises"), and shall be located in Suite 100 on the ground floor
of the building ("Building") located at 10315 USA Today Way, Miramar, Florida
33025 ("Property"). Tenant shall also be entitled to access and use of 20
unreserved parking spaces for its employees and visitor parking on a first-come,
first-serve basis for its visitors. In addition, Tenant shall be entitled to
access and use of the lunch room, restrooms and conference/training facility at
no additional charge. Use of the conference/training facility is subject to
availability and with advance notice from Tenant to Landlord. The Tenant
understands that the customer lounge in the Building is not part of the Leased
Premises and is not available on a regular basis. However, the Landlord
understands that, on an infrequent and occasional basis, the Tenant may request
the use of the customer lounge for a special purpose, such as a meeting between
the Tenant's management and a customer. In the event the Tenant wants to use the
customer lounge, the Tenant must obtain the Landlord's prior approval. The
Tenant's request will include the date and time of the proposed use and the
number of people that will be involved. The Landlord reserves the right to deny
the Tenant use of the customer lounge.

      2.    TERM.  The term of this ("Term") shall commence May 1, 1999,
("Commencement Date"), and shall terminate on April 30, 2004 ("Termination
Date").

      2A. RENEWAL OPTION. Tenant is hereby granted the option to extend the
Lease term for one (1) successive period of five (5) years following the initial
Lease term (the "Renewal Term") upon the same terms, covenants and conditions
(except the clauses relative to rent and renewal), provided that at the date of
exercise of such option to renew there is no default by Tenant in the
performance of any of its obligations under this Lease as to which a notice of
default has been given to Tenant, and provided further that Tenant shall
exercise such option to renew by written notice to the Landlord not less than
six (6) months prior to the expiration of the initial Lease term. If prior to
the expiration of the initial Lease term, Tenant has not given the

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                                      -7-

Landlord notice in writing of its election to renew as herein provided, then
Tenant's holding over shall be deemed to be a tenancy from month to month only
upon the same terms and conditions specified in this Lease. The rent during the
Renewal Term shall continue to escalate at five percent (5%) per annum.

      2B. CANCELLATION OPTION. Tenant shall have a one-time right to cancel the
lease on May 1, 2002, provided that Tenant has given Landlord at least six (6)
months' prior notice and pays the Landlord a penalty in the amount of four (4)
month's rent at the then current rate.

      3. POSSESSION. On the Commencement Date, Tenant shall enter into sole
possession of the Leased Premises and shall accept the Premises in its "as is"
condition. Upon the expiration or other termination of this Lease, Tenant shall
remove all of its personal property and quit and surrender the Leased Premises
to the Landlord, broom clean.

      4.    RENT.

            (a) Beginning on the Commencement Date, Tenant shall pay to Landlord
as base rent (the "Base Rent") the following sums per year and per month:

                         ANNUAL BASE RENT         MONTHLY BASE RENT
                         ----------------         -----------------
Lease Year    1          $51,251.16               $4,270.93

Lease Year    2          $53,813.72               $4,484.48

Lease Year    3          $56,504.41               $4,708.70

Lease Year    4          $59,329.63               $4,944.14

Lease Year    5          $62,296.11               $5,191.34

Tenant shall pay the Base Rent in U.S. legal tender, at Landlord's offices at
10315 USA Today Way, Attn: Accounting, or as otherwise directed from time to
time by Landlord's written notice, without any prior demand, and without any
set-off or deduction whatsoever. The Base Rent for each Lease Year shall be paid
in monthly installments promptly on the first day of every calendar month of the
Term, and pro rata, in advance, for any partial month. As used herein the term
"Lease Year" shall mean each consecutive twelve (12) month period during the
Term so that the first Lease Year shall begin on the Commencement Date, the
second Lease Year shall begin on the first anniversary of the

<PAGE>

                                   -8-

Commencement Date, and so on through the Term. Notwithstanding the foregoing,
the fifth Lease Year shall begin on the fourth anniversary of the Commencement
Date and shall end on the Termination Date.

            (b) A late penalty shall be due and owing on any installment of Base
Rent and/or "Additional Rent" (as defined in Subsection 4(c) below) not received
by Landlord by the fifth (5th) day of the calendar month in which due and on any
monetary obligation of Tenant or charge due from Tenant not paid by Tenant when
due. Such late penalty shall equal five percent (5%) of the then unpaid monthly
Base Rent and/or Additional Rent, and shall be paid by Tenant within five (5)
days after demand therefor by Landlord.

            (c) All costs and expenses which Tenant assumes or agrees to pay to
Landlord pursuant to this Lease shall be deemed "Additional Rent". As used
herein, the term "Rent" shall mean, collectively, Base Rent and Additional Rent.

      5.    USE.

            (a) Tenant shall use the Leased Premises only for Office Space &
Related Use and for no other purpose.

            (b) Tenant shall, at its sole expense, comply with all applicable
laws relating to its use of the Leased Premises during the Lease term.

            (c) Tenant shall not cause or permit any hazardous materials to be
released, brought upon, stored, produced, emitted, disposed of or used upon,
about or beneath the Leased Premises by Tenant, its agents, employees,
contractors or invitees except those hazardous materials customarily used in the
conduct of general administrative office activities (e.g. copier fluids and
cleaning supplies), provided that such use and storage is in full compliance
with all applicable laws. Tenant shall defend, indemnify and hold Landlord
harmless from and against any and all damage, loss, claim, obligation,
liability, cost (including attorneys' fees and expenses), expense, deficiency
and interest charges (collectively "Loss and Expense") which arise from the
presence upon, about or beneath the Premises of any hazardous materials which
are released, brought upon, stored, produced, emitted, disposed of or used upon,
about or beneath the Leased Premises by Tenant, its employees, servants,
customers, invitees, subtenants, licensees or contractors.

           (d) Landlord reserves the right to prior approval, which approval
shall not be unreasonably withheld, of the actual
<PAGE>

                                      -9-

name and/or logo signs that Tenant proposes to place on the black glass panel on
the right side of the main building entrance doors and on the entrance door to
the rental premises. Tenant shall not display, inscribe, print, paint, maintain
or affix on any other place on the Leased Premises (excepting only such part or
parts of the Leased Premises as is or are not visible from outside the Building)
any decoration, sign, notice, legend, direction, figure, or advertisement or
display materials (collectively "Signs") except in or at such place or places,
and then only such name(s) and matter, and in such color, size, style, place and
materials, as shall first have been approved by Landlord in writing. Any
approval by Landlord shall be conditioned upon Tenant obtaining any required
governmental approvals, consents or permits for the signs, at Tenant's sole
expense.

      6.    NO ALTERATIONS.  Tenant shall not make any alterations to the Leased
Premises without obtaining the Landlord's prior consent.  Tenant shall also
comply with any conditions contained in Landlord's consent.

      7.    REPAIRS.

            (a) Tenant shall give to Landlord prompt written notice of any
damage to, or defective condition in the Building structure or in any part or
appurtenance of the Building's plumbing, electrical, heating, air-conditioning,
ventilation, sprinkler, elevator or other systems serving the Leased Premises.
Subject to the provisions of this Section 7, Tenant shall, at Tenant's own
expense, keep the Leased Premises in good order, condition and repair during the
Term, except that Landlord, at Landlord's expense (unless caused by the fault or
negligence of Tenant, its contractors, agents, or employees in which case Tenant
shall pay Landlord for any deductible and any cost which either exceeds
insurance proceeds Landlord receives or which is not covered under Landlord's
insurance policy in respect of such damage) shall keep in repair and maintain
the exterior of the Building, the electrical, heating, air-conditioning,
ventilation, sprinkler, elevator or other systems serving, located in or passing
through the Leased Premises, plumbing fixtures located in the Building outside
walls, loadbearing walls (except as to surface damage done by or attributable to
Tenant) doors and the roof.

            (b) Landlord shall not be required to repair any injury or damage by
fire or other cause, or to make any repairs or replacements of any panels,
decoration, office fixtures, railing, ceiling, floor covering, partitions, or
any other property installed in the Leased Premises by Tenant unless such injury
or damage is a direct result of negligence on the part of Landlord or its
contractors, agents or employees, and Tenant is not reimbursed for such injury
or damage from insurance proceeds.
<PAGE>
                                      -10-

      8.    SERVICES.

            (a) Landlord shall provide to the Leased Premises HVAC, water, gas
and electric services during normal business hours of 8am - 5pm Monday-Friday;

            (b)   Tenant shall pay for janitorial services for the Leased
Premises and for its own telephone service.

      9.    LIABILITY.

            (a) Landlord shall not be liable for any damage to the person or
property of Tenant by theft or from any other cause, or for any injury or damage
to persons or property or loss or interruption to business resulting from fire,
explosion, falling plaster, steam, gas, electricity, water, rain or snow, or
leaks from any part of the Building or from the pipes, appliances, or plumbing
works or from the roof, street, or subsurface, or from any other place, or
dampness or by any other cause unless caused by or due to the gross negligence
of Landlord.

            (b) To the extent permitted by law, Tenant covenants and agrees to
defend, indemnify and hold Landlord harmless from and against all Loss and
Expense incurred or suffered by Landlord for personal injury, disease, death,
property damage, or otherwise arising out of (i) Tenant's failure to comply with
its obligations under this Lease and/or (ii) the occupancy by Tenant or any
person or entity claiming under Tenant of the Property or any part thereof.
Tenant's obligations pursuant to this Subsection 9(b) shall survive the
termination of this Lease.

      10.   INSURANCE.

            (a) Landlord shall procure and maintain during the Lease term, fire
and hazard insurance and comprehensive general liability insurance policies
covering the Property in amounts deemed appropriate by Landlord.

            (b) Tenant shall, at its expense, procure and maintain all risk
personal property insurance covering all personal property owned by Tenant and
located on the Leased Premises, in an amount not less than the full replacement
value of the personal property. The policy shall contain an agreed value clause,
shall have a deductible not greater than $1000.

<PAGE>
                                      -11-

            (c) To the extent permitted by law, the parties hereto waive on
behalf of the insurers of each parties' property, any and all claims or rights
of subrogation of any such insurer against the other party hereto for loss or
damage to the party so insured other than for loss or damage resulting from the
willful act of such other party. The parties agree to obtain from each of their
insurance carriers a waiver of subrogation prior to or simultaneously with the
execution of this Lease.

            (d) Tenant shall maintain comprehensive general liability insurance,
including public liability and property damage, with premises, contractual and
operations coverage on an occurrence basis (and not on a "claims made" basis)
with a minimum combined single limit of liability equal to $1,000,000 per
occurrence and $3,000,000 aggregate for property damage, bodily and personal
injuries or deaths of persons occurring on or about the Property. The liability
policy shall name Landlord as additional insured and shall have no deductible
amount.

            (e) Tenant's insurance policies shall (i) be issued by insurance
companies acceptable to Landlord; (ii) provide that the insurance not be
cancelled or materially changed in the scope or amount of coverage unless ten
(10) days' prior written notice is given to Landlord; and (iii) be primary
policies, and not contributing with, or in excess of, the coverage that Landlord
may carry.

            (f) On or before the Commencement Date and upon each renewal of its
insurance policies, Tenant shall give copies of certificates or policies of
insurance to Landlord with proof of payment of premiums. The policies shall be
renewed or replaced and maintained by Tenant at its sole expense. If Tenant
fails to give Landlord a copy of any required certificate or policy of insurance
within ten (10) days after written notice and demand for it is given by Landlord
to Tenant, in addition to the remedies provided in Section 13, Landlord may
obtain and pay for that insurance coverage, in which event the cost of such
insurance coverage paid by Landlord shall be due and payable by Tenant as
Additional Rent immediately on demand.

<PAGE>
                                      -12-

      11.   ASSIGNMENT AND SUBLETTING.

            Tenant may not assign its rights or obligations under this Agreement
without the prior written consent of the Landlord, which consent shall not be
unreasonably withheld or delayed, except that Tenant may assign its rights or
obligations under this Agreement to any of its affiliates or subsidiaries
without the other party's consent, provided Tenant remains liable hereunder.
Tenant may not sublet the premises without the prior written consent of the
Landlord, which consent shall not be unreasonably withheld or delayed.

      12.   DESTRUCTION.

            (a) If the Leased Premises is damaged in part or whole from fire or
other casualty, Landlord shall, within thirty (30) days after the date of the
damage, notify Tenant in writing as to whether the Landlord will restore the
Leased Premises ("Casualty Notice"). If Landlord determines to restore the
Leased Premises, Landlord shall, at its expense, promptly and diligently repair
and restore the Leased Premises to substantially the same condition as existed
before the damage. If Landlord determines that it will not restore the Leased
Premises, this Lease will terminate on the date specified in the Casualty
Notice.

            (b) Unless the damage is caused by Tenant's negligent or willful
misconduct, the Rent shall abate in proportion to that part of the Premises that
is unfit for use in Tenant's business. The abatement shall continue from the
date the damage occurred until Landlord completes the repairs and restoration to
the Premises or the part rendered unusable.

            (c) Notwithstanding anything else in this Section 12, Landlord is
not obligated to repair or restore damage to Tenant's trade fixtures, furniture,
equipment, or other personal property, or any Tenant improvements.

            (d) If Landlord cancels this Lease as permitted by this Section 12,
the Rent and other charges shall be payable up to the cancellation date.
Landlord shall promptly refund to Tenant any prepaid, unaccrued Rent, accounting
for any abatement, plus security deposit, if any, less any sum then owing by
Tenant to Landlord.

      12A. CONDEMNATION.

            (a) If the entire Leased Premises or any portion of the Property
required for reasonable access to, or the reasonable use of, the Leased Premises
are taken by eminent domain, this

<PAGE>
                                      -13-

Lease shall automatically end on the earlier of (i) the date title vests; or
(ii) the date Tenant is dispossessed by the condemning authority.

            (b) If title to a part of the Property other than the Leased
Premises is condemned and, in the Landlord's opinion, the Property should be
restored in a manner that materially alters the Leased Premises, Landlord may
cancel this Lease by giving written notice to Tenant, which notice shall be
given within sixty (60) days following the date title vested. This Lease shall
end on the date specified in the cancellation notice, which date shall be at
least thirty (30) days but not more than ninety (90) days after the date notice
is given.

           (c) Landlord reserves all rights to damages paid because of any
taking of the Leased Premises. Tenant assigns to Landlord any right Tenant may
have to the damages or award. Further, Tenant shall not make claims against
Landlord or the condemning authority for damages, except that Tenant may claim
and recover from the condemning authority a separate award for Tenant's moving
expenses, personal property and fixtures, and any other award that would not
reduce the award payable to Landlord.

      13.   DEFAULT.

            (a)   Any one or more of the following events shall each constitute
an "Event of Default":

                  (i) If Tenant fails to pay any Rent or any other sum payable
            by Tenant under this Lease when and as the same shall be due and
            payable, and such failure continues for five (5) days after such
            payment is due; or

                  (ii) If Tenant fails to perform or comply with any of the
            provisions of this Lease, other than those specified in paragraph
            (i) above, for ten (10) days after written notice is given to
            Tenant; or

                  (iii) If any of the foregoing Events of Default should occur,
            Landlord at any time thereafter may give written notice to Tenant
            specifying such Event of Default or Events of Default and stating
            that this Lease shall terminate on the date specified in such
            notice, which shall be at least five (5) days after the giving of
            such notice, and this Lease shall terminate, on the date fixed in
            such notice, and Tenant shall then quit and surrender the Premises
            to Landlord, but Tenant shall remain liable as hereinafter provided.
            Upon any such termination of this Lease, Landlord, may without

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                                      -14-

            further notice enter upon and re-enter and possess and repossess the
            Leased Premises, by any lawful means, and may dispossess Tenant and
            remove Tenant and all other persons and property from the Leased
            Premises and may have, hold and enjoy the Leased Premises and the
            right to receive all rental income derived therefrom.

            (b) In case of any such termination, the Rent and all other charges
required to be paid up to the time of such termination, shall be paid by Tenant
and Tenant shall also pay to Landlord all expenses which Landlord may then or
thereafter incur for legal expenses and reasonable attorney's fees, brokerage
commissions and all other reasonable costs paid or incurred by Landlord.
Landlord may relet the Leased Premises, in whole or in part, for any rental then
obtainable either in its own name or as agent of Tenant, for a term or terms
which, at Landlord's option, may be for the remainder of the term of this Lease
Term or for any longer or shorter period.

            (c) If this Lease is terminated as described above, Tenant covenants
and agrees to pay and be liable for as damages, on the days originally fixed
herein for the payment thereof, amounts equal to the installments of Rent and
other charges reserved as they would, under the terms of this Lease, become due
if this Lease had not been terminated. However, in the event the Leased Premises
be relet by the Landlord, Tenant shall be entitled to a credit (but not in
excess of the Rent and other charges reserved under the terms of this Lease)
equal to the net amount of rent received by Landlord in reletting the Premises,
after deduction of all expenses and costs incurred by Landlord in reletting the
Leased Premises and in collecting any rent in connection therewith.

            (d) Each right and remedy provided for in this Lease shall be
cumulative and shall be in addition to every other right or remedy provided for
in this Lease or now or hereafter existing at law or in equity, or by statute or
otherwise, and the exercise or beginning of the exercise by Landlord of any one
or more of the rights or remedies provided for in this Lease, or now or
hereafter existing at law or in equity, shall not preclude the simultaneous or
later exercise by Landlord of any or all other available rights or remedies
Landlord may elect.

            (e) No receipt of moneys by Landlord from Tenant after the
termination of this Lease shall reinstate, continue or extend the Lease Term, or
affect any notice given to the Tenant prior to the receipt of such money, it
being agreed that after the service of notice or the commencement of a suit, or
after final judgment for possession of the Leased Premises, Landlord may receive
and

<PAGE>
                                      -15-

collect any Rent due, and the payment of Rent shall not waive or affect such
notice, suit or judgment.

            (f) It is mutually agreed by and between Landlord and Tenant that
they hereby do waive trial by jury in any action, proceeding or counterclaim
brought by either of the parties hereto against the other on any matters
whatsoever arising out of or in any way connected with this Lease, the
relationship of Landlord and Tenant, Tenant's use or occupancy of the Leased
Premises, and any emergency statutory or any other statutory remedy.

            (g) No waiver of any condition or legal right or remedy shall be
implied by the failure of Landlord to declare a default, and no waiver of any
condition or covenant shall be valid unless it be in writing signed by the
Landlord, and no waiver by the Landlord in respect to one tenant shall
constitute a waiver in favor of any other tenants.

      13A. WARRANTY. Landlord warrants that it is the sole owner of the Building
in which the Leased Premises are located. Landlord represents to the best of its
knowledge that the Leased Premises and the Building are in compliance with all
existing zoning laws. Landlord shall comply, at Landlord's sole expense, with
all existing and future health, safety, fire and zoning laws, rules and
regulations during the term of this Lease.

      Landlord represents and warrants to the best of its knowledge that there
are no Hazardous Materials (as defined below) upon or about the Property, except
those substances customarily used for general office purposes or in the
operation of an office building in accordance with applicable law. Landlord
agrees that if any Hazardous Materials are released, discharged or disposed of
by any party, other than Tenant, on or about the Property in violation of the
foregoing provision, Landlord shall immediately, properly and in accordance with
applicable laws, cleanup and remove the Hazardous Materials from the Property at
Landlord's sole expense. For the purposes hereof, the term "Hazardous Materials"
includes any and all materials, substances or wastes which are toxic, ignitable,
corrosive or reactive and which are regulated by any federal, state or local
authorities including, without limitation, asbestos, petroleum and
petroleum-based products, polychlorinated biphenyls, and freon and other
chlorofluorocarbons.

      14. SUBORDINATION TO LEASE. The rights of Tenant under this Lease shall be
subject and subordinate at all times to all ground leases, and/or underlying
leases, if any, now or hereafter in force against the Property, and to the lien
of any mortgage or

<PAGE>
                                      -16-

mortgages now or hereafter in force against such leases and or the Property.

      15. NOTICES. All notices and other communications hereunder shall be in
writing and shall be deemed given if delivered personally or three (3) days
after mailing by registered or certified mail (return receipt requested),
postage prepaid, to the parties at the following addresses (or at such other
address for a party as shall be specified by like notice; PROVIDED, HOWEVER,
that notices of a change of address shall be effective only upon receipt
thereof):

            (a)   if to Landlord, to:

                  Florida Offset, a division
                        of Gannett Co., Inc.
                  10315 USA TODAY Way
                  Miramar, FL  33025
                  Attn:  Edward A. Witte              Fax:  (954) 435-6353

            (b)   if to Tenant, to:

                  Innovative Electronics, Inc.
                  11010 USA TODAY Way
                  Miramar, FL 33025
                  Attn:  _________________
                  Fax:  __________________

                  With a copy to:

                  ATS Money Systems, Inc.
                  25 Rockwood Place
                  Englewood, NJ  07631
                  Attn:  _________________
                  Fax:  __________________

      16. LANDLORD'S RIGHT OF ENTRY. Landlord and its authorized agents shall
have the right to enter the Leased Premises, on reasonable prior notice to
Tenant, to exhibit the Leased Premises to prospective tenants and to prospective
purchasers, mortgagees, or assignees of any mortgage on the Property and to
others having a legitimate interest during the Lease Term. At any time and
without notice in the event of an emergency, and otherwise upon reasonable
notice and at reasonable times, Landlord shall have the right to take any and
all measures, including inspections, repairs, alterations, additions and
improvements to the Leased Premises, the Building or the Property, as may be
necessary or

<PAGE>
                                      -17-

desirable for the safety, protection or preservation of the Leased Premises, the
Building or the Property, or as may be necessary or desirable in the operation
or improvement of the Leased Premises, the Building or the Property or in order
to comply with laws.

      17. SECURITY DEPOSIT. Tenant has deposited with Landlord the sum of Four
Thousand Two Hundred Seventy and 93/100 Dollars ($4,270.93) as security for the
full and faithful performance of every provision of this Lease to be performed
by Tenant. In addition, Tenant shall pay an additional security deposit in the
amount of Nine Thousand Four Hundred Sixty-Two and 27/100 Dollars ($9,462.27),
which is the first and last month's rent, upon execution of this Lease. If any
portion of the deposit is to be used or applied by Landlord, Tenant shall,
within five (5) days after written demand therefor, deposit cash with Landlord
in an amount sufficient to restore the security deposit to its original amount.
Landlord shall not be required to keep this security deposit separate from its
general funds nor pay interest to Tenant.

      18. LANDLORD'S OCCUPANCY. It is understood that Landlord may occupy
portions of the Building in the conduct of Landlord's business. In such event,
all references herein to other tenants of the Building shall be deemed to
include Landlord as an occupant.

      19. BROKER'S COMMISSION. Each party warrants and represents to the other
party hereto that it has not dealt with any brokers in connection with this
Lease other than Associated Realty, Inc. and Grubb & Ellis of Florida
(collectively, "Broker"). Landlord shall pay any commission owed to Broker
pursuant to a separate agreement between Landlord and Broker. Each party hereby
indemnifies and holds the other party harmless from any and all loss, damage,
claim, liability, cost or expense (including, but not limited to, reasonable
attorneys' fees, expenses and court costs) arising out of or in connection with
any breach of the foregoing warranty and representation.

      20. SUCCESSORS AND ASSIGNS. Subject to the provisions of Section 11, the
covenants and agreements contained herein shall bind and inure to the benefit of
the Landlord, its successors, and assigns, and the Tenant, its successors, and
assigns subject in the case of the Tenant, to the restriction on assignment and
subletting contained in this Lease.

      21. FORCE MAJEURE. In the event that either Landlord or Tenant shall be
delayed or hindered in or prevented from the performance of any act required
hereunder by reason of Act of

<PAGE>
                                      -18-

God, strikes, lock-outs, labor troubles, inability to procure materials
(including energy) power, casualty, inclement weather restrictive governmental
laws, orders, or regulations, riots, insurrection, war or other reason of a like
nature not the fault of the party delayed in performing work or doing acts
required under the terms of this Lease, then performance of any such act shall
be extended for a period equivalent to the period of such delay. The provisions
of this paragraph shall not operate to excuse Tenant from prompt payment of Rent
or any other payments required by the term of this Lease.

      22. QUIET ENJOYMENT. Landlord covenants that provided Tenant pays the Rent
and performs all the covenants terms, conditions and agreements of this Lease to
be performed by Tenant, Tenant shall, during the Lease Term, quietly occupy and
enjoy possession of the Leased Premises without molestation or hinderance by
Landlord, or any party claiming through or under Landlord, subject to the
provisions of this Lease, including Section 14.

      23. RIGHT OF LANDLORD TO PERFORM. All covenants and agreements to be kept
or performed by Tenant under any of the terms of this Lease shall be performed
by Tenant at Tenant's sole cost and expense and without any abatement of Rent.
If Tenant shall fail to pay any sum of money other than Rent required to be paid
by it hereunder, or shall fail to perform any other act in its part to be
performed hereunder, and such failure should continue to ten (10) days after
notice thereof by Landlord, then without waiving any default of Tenant or
releasing Tenant from any obligations of Tenant hereunder, Landlord may make,
but shall not be obliged to make, any such payment or perform any such other act
on Tenant's part to be made or performed hereunder. All sums so paid by Landlord
and all necessary incidental costs together with interest thereon at the maximum
rate allowable by law from the date of such payment by Landlord shall be deemed
additional Rent.

      24.   ATTORNEYS' FEES.  If either Landlord or Tenant shall bring an action
against the other by reason of the breach of any provision of this Lease, the
unsuccessful party shall pay to the prevailing party its costs and reasonable
attorneys' fees.

      25. HOLDING OVER. If Tenant fails to vacate the Leased Premises at the
expiration of this Lease, then Tenant shall pay Landlord Rent at two times the
monthly rate specified in Section 4 for the time Tenant remains in possession
and, in addition thereto, shall be responsible for and reimburse Landlord for
all direct and consequential damages sustained by Landlord by reason of Tenant's
retention of possession. The provisions of this

<PAGE>
                                      -19-

Section do not exclude Landlord's rights of re-entry or any other right or
remedy of Landlord hereunder.

      26. SALE BY LANDLORD. In the event of a sale or conveyance by Landlord of
the Property, the same shall operate to release Landlord from any future
liability upon any of the covenants or conditions herein contained in favor of
Tenant, and in such event Tenant agrees to look solely to the successor in
interest of Landlord in and to this Lease for the performance of the covenants
and conditions herein contained in favor of Tenant. Landlord may transfer and/or
deliver the security deposit described in Section 17, to the successor in
interest of Landlord, and thereupon Landlord shall be discharged from any
further liability with respect thereto.

      27. ESTOPPEL CERTIFICATES. Tenant agrees that at any time and from time to
time upon ten (10) days prior written request by Landlord, Tenant will execute,
acknowledge and deliver to Landlord a statement in writing, on Landlord's
standard form, stating that this Lease is unmodified and in full force and
effect (or, if there have been modifications, stating the modifications, and
that this Lease as so modified is in full force and effect), the dates to which
the Rent has been paid and whether Landlord has defaulted in the performance of
any of its obligations under the terms of this Lease.

      28. ENTIRE AGREEMENT. Upon the execution and delivery hereof, this
instrument shall constitute the entire agreement between the Landlord and Tenant
for the Leased Premises. This Lease cannot be changed orally, but only by an
agreement in writing and signed by the party against whom enforcement of any
waiver, change, modification, or discharge is sought.

      IN WITNESS WHEREOF, Landlord and Tenant have executed this Lease as of the
day and year above first written.

                                 LANDLORD:
                                 FLORIDA OFFSET, A DIVISION OF GANNETT CO., INC.

                                 By:  _____________________________

                                 Title:  __________________________

                                 TENANT:
                                 ATS MONEY SYSTEMS, INC.

                                 By:  _____________________________

                                 Title:  __________________________

<PAGE>

                                    EXHIBIT A

                                 Leased Premises

Approximately 3,080 +/- square feet located on the ground floor of the Office
Warehouse Building at 10315 USA Today way, Miramar, Fl in the Miramar Park of
Commerce.ATS Money Systems, Inc.
                                25 Rockwood Place
                          Englewood, New Jersey 07631

                                                                   March 1, 2000

Mr. Fred Den
102Glen Way
Syosset, New York 11791

Dear Mr. Den

                  This letter will confirm the approval by the Board of
Directors of our Company to extend the stated maturity date of your $40,000 loan
by our Company, which currently is scheduled to become due on March 15, 2000,
for a period of one year to March 15, 2001. All other terms of your loan, as
represented by your promissory note, dated April 2, 1999, will remain in effect.

                  As a condition to such extension, the pledge by you of 100,000
shares of our Company's Common Stock owned by you, as set forth in a Stock
Pledge Agreement executed by you at the inception of your loan, will continue in
effect until such time as your loan, with all interest accrued thereon, is
repaid in full.

                  If you are in agreement with the foregoing, please countersign
and return to the undersigned a copy of this loan extension letter.

                                              Very truly yours,

                                              Gerard F. Murphy, President

The foregoing is agreed and accepted:

Fred Den

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