EXHIBIT 20.3] MANAGEMENT AGREEMENT This Management Agreement ("Agreement") is made and entered into this __ day of April, 2004 (the "Effective Date") by and between King's Motorsports Inc. d/b/a Chicago Cycle, an Illinois corporation ("King's") and...Management Agreement • May 11th, 2004 • Giant Motorsports Inc • Transportation services • Illinois
EXHIBIT 2.1] ASSET PURCHASE AGREEMENT THIS ASSET PURCHASE AGREEMENT ("Agreement) dated as of April ____, 2004 is by and among (i) Giant Motorsports, Inc., a Nevada corporation ("Buyer"), (ii) King's Motorsports, Inc. d/b/a Chicago Cycle, an Illinois...Asset Purchase Agreement • May 11th, 2004 • Giant Motorsports Inc • Transportation services • Illinois
EXHIBIT 20.1] SECURED PROMISSORY NOTESecured Promissory Note • May 11th, 2004 • Giant Motorsports Inc • Transportation services
FOR VALUE RECEIVED, the undersigned, Giant Motorsports, Inc., a Nevada corporation and Chicago Cycle, Inc., a Nevada corporation (collectively, the "Maker"), hereby promises to pay to King's Motorsports, Inc. d/b/a Chicago Cycle, an Illinois corporation (the "Holder"), the principal sum of One Million Six Hundred Seventy Five Thousand and No/100 Dollars ($1,675,000.00), together with interest thereon, compounded monthly, accruing from the date hereof at annual rate equal to six percent (6%) per annum. The principal and interest shall be payable as follows: (i) Five Hundred Thousand Dollars ($500,000) of principal will be paid on July __, 2004, (ii) Two Hundred Fifty Thousand Dollars ($250,000) of principal will be paid on October __, 2004, and (iii) all remaining amounts of principal and interest owed hereunder will be due on April __, 2005.
EXHBIT 20.2] COMMERCIAL SECURITY AGREEMENT THIS COMMERCIAL SECURITY AGREEMENT ("Agreement") is dated as of April __, 2004, among Giant Motorsports, Inc., a Nevada corporation and Chicago Cycle, Inc., a Nevada corporation (collectively, "Grantor") and...Commercial Security Agreement • May 11th, 2004 • Giant Motorsports Inc • Transportation services • Illinois
