UNSECURED PROMISSORY NOTE
$40,000 Miami Beach, Florida
April 28th, 1999
FOR VALUE RECEIVED, the undersigned promises to pay to the order of YUPI
INTERNET INC. and/or assigns, the principal sum of Forty Thousand dollars
($40,000) together with interest at the rate of eight percent (8%) per annum,
until maturity, said payment to be in one lump sum of principal and interest for
Forty three thousand two hundred dollars ($43,200), lawful money of the United
States of America is due on April 27th, 2001.
This note shall be prepayable in whole or in part at any time without penalty.
This note may not be assumed without the consent of YUPI INTERNET INC.
Each maker and endorser severally waives demand, protest and notice of maturity,
non-payment or protest and all requirements necessary to hold each of them
liable as makers and endorsers.
Each maker and endorser further agrees, jointly and severally, to pay all costs
of collection, including a reasonable attorney's fee in case the principal of
this note and the interest thereon is not paid at the maturity date, or in case
it becomes necessary to protect the security thereof, whether suit be brought or
/S/ OSCAR COEN
By Oscar Coen