LOAN AGREEMENT This Agreement states that Richard Epstein is loaning eConnect the sum of $100,000 on the following terms and conditions: 1. The loan will be repaid at 15% simple interest on May 15, 2000. 2. The combined principal and interest will be...

                              LOAN AGREEMENT



This Agreement states that Xxxxxxx Xxxxxxx is loaning eConnect

the sum of $100,000 on the following terms and conditions:



1.  The loan will be repaid at 15% simple interest on May 15,
2000.



2.  The combined principal and interest will be $115,000.





/s/  Xxxxxx X. Xxxxxx                     /s/  Xxxxxxx Xxxxxxx

Xxxxxx X. Xxxxxx                          Xxxxxxx Xxxxxxx

Chairman & CEO, eConnect