/Letterhead/
PROMISSORY NOTE
U.S.: $225,000 Signed at: 6235 s. 90th Street, Omaha, NE
FOR XXXXXX RECEIVED, the undersigned, GLOBAL ENTERTAINMENT HOLDING/EQUITIES,
INC. (the "Borrower"), promise(s) to pay unto Xxxxx Xxxxxx ("Noteholder"), on
order, the principal sum of Two Hundred Twenty-Five Thousand Dollars and no
cents ($225,000.00) with a flat 10% rate due on the principal. Principal shall
be payable by wire transfer for credit to XXXXX XXXXXX, account #146404627961,
US Bank, ABA#000000000, or such other account as Noteholder may designate. This
Note is to be paid 1st of each month in the amount of Eighteen Thousand Seven
Hundred Fifty dollars ($18,750) beginning August 1, 1999 in equal installments
until the final payment, which will include $22,500 in interest, totaling
$41,250 on August 1, 2000.
As incentive for this loan, Borrower will issue 2,000 shares of 144
stock at par value of $.001 per share from its authorized but unissued common
stock upon receipt of a payment in the amount of $2.00.
This Note may be prepaid in whole or in part at any time without
penalty.
In the event of default, Borrower shall be responsible for all costs of
collection, including, but not limited to, attorney fees.
Date: 6-21-99 /s/ Xxxxxx X. Xxxxxx
Xxxxxxxx
Xxxxxx X. Xxxxxx, President/CEO
GLOBAL ENTERTAINMENT
HOLDINGS/EQUITIES, INC.
Date: 6-21-99 /s/ Xxxxxx X. Xxxxxx
XXXXXX X. XXXXXX (Personally)
Date: 6-21-99 /s/ Xxxxx Xxxxxx
Noteholder
XXXXX XXXXXX
0000 Xxxxx 00xx Xxxxxx Xxxxx, XX 00000 402-331-3189 Fax: 000-000-0000
