EXHIBIT 10.72
PROMISSORY NOTE
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December 16, 1999 $150,000.00
For value received, LLO-GAS, INC., a Delaware corporation, and XXXX X.
XXXXXXXXXXX, hereinafter collectively referred to as "Makers," promise to pay to
Xxxxx Xxxxxxxx or his successors and assigns, herein referred to as "Holder" the
sum of $150,000.00 together with interest at the rate Nine percent (9%), with
the entire sum due and payable, including principal and accrued but unpaid
interest, on February 16, 2000.
In the event of default, the entire amount of principal and unpaid
interest shall be become immediately due and payable. Default shall include,
but not be limited to, the failure of Makers to pay interest or principal when
due, the occurrence of an event which causes a material adverse change in the
Makers' financial conditions, or the filing by or against the Makers of a
petition under the provisions of any bankruptcy or insolvency law.
If this Note is not paid when due, or upon demand in the event of
default, the Makers promise to pay all costs and expenses of collection
including reasonable attorneys' fees incurred by the Holder hereof on account of
such collection, whether or not suit is filed.
Dated: December 16, 1999 LLO-FAS, INC., a Delaware corporation
By: /s/ Xxxx X. Xxxxxxxxxxx
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Xxxx X. Xxxxxxxxxxx, President
By: /s/ Xxxx X. Xxxxxxxxxxx
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Xxxx X. Xxxxxxxxxxx, individually
