LOAN AGREEMENT

                              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