1
EXHIBIT 10.111
EXTENSION LETTER FOR PROMISSORY NOTES
DATED AS OF DECEMBER 31, 1998
This Extension Letter hereby amends that certain Promissory Note dated
as of July 31, 1997 for $1,500.00, by and between American Artists Film
Corporation (therein called "Obligor") and Xxxxxx Xxxxxxx, (therein called
"Holder") and extends the due date of said Promissory Note for a period of 365
days with all principal and any accrued but unpaid interest due on or before
December 31, 1999.
IN WITNESS WHEREOF, the undersigned has caused this Extension Letter to
be duly executed under the seal on the date and year first above written.
"OBLIGOR"
By: /s/ XXXXXX XXXXXXXX
--------------------------------------
American Artists Film Corporation
0000 Xxxxxx Xx., X.X.
Atlanta, Georgia 30318
"HOLDER"
/s/ XXXXXX XXXXXXX
----------------------------------
Xxxxxx Xxxxxxx
