EXHIBIT 4.8
PROMISSORY NOTE
$50,000.00 Palm Beach, Florida
Maturity: ON DEMAND September 30, 2001
FOR VALUE RECEIVED, Xxxxxxxx Golden Phoenix Enterprises, Inc., a Florida
corporation, with its principle offices located at 0000 X.X. Mapp Road, Palm
City, FL 34990 ("Borrower"), promises to pay to the order of Xxxxxx Xxxxxxx,
with his principle address at __________________________________ ("Lender"), ON
DEMAND the sum of Fifty Thousand Dollars ($50,000.00) with interest from and
after the date hereof, at the rate of ten percent (10%) per annum.
All principal and interest due hereunder shall be convertible, in the sole
discretion of Lender, to shares of the Borrower's restricted common stock at a
price of $0.20 per share.
This Note shall be governed by and construed and enforced in accordance
with the laws of the State of Florida.
GIVEN under the hand of each party, the day and year first above written.
BORROWER
/s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx, President and Chief Executive Officer
Xxxxxxxx Golden Phoenix Enterprises, Inc.
STATE OF Florida )
) ss.:
COUNTY OF Xxxxxx )
The foregoing instrument was acknowledged before me this ___ day of October
2001, by Xxxxxxx Xxxxx, as President and Chief Executive Officer of Xxxxxxxx
Golden Phoenix Enterprises, Inc., who is **personally known to me or has
presented the following identification ____________________.
/s/ Xxxxxxx Xxxxxx
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My commission expires: NOTARY PUBLIC
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Print Name: Xxxxxxx Xxxxxx
My Commission CC843356
Expires June 3, 2003
