DEBT CONVERSION AGREEMENT
This DEBT CONVERSION AGREEMENT ("Agreement"), dated as of July 31, 2003, is hereby entered into by and between B.A.A.M.S., INC., a Nevada corporation, ("Creditor") and SINGLE SOURCE FINANCIAL SERVICES, INC., a New York corporation (the "Company").
W I T N E S S E T H
WHEREAS, between July 2000 and July 31, 2003, Creditor loaned Single Source Electronic Transactions, Inc., a wholly owned subsidiary of the Company ("SSET"), an amount which, including interest is equal to $1,179,309.87 as of July 31, 2003, pursuant to the terms of a . . .