0000949353-99-000017 Sample Contracts

PROMISSORY NOTE $300,000.00 Dated May 13, 1999 Principal Amount State of Arizona
Promissory Note • July 20th, 1999 • Autotradecenter Com Inc • Wholesale-motor vehicles & motor vehicle parts & supplies

This Promissory Note is hereby entered into on the 13th day of May by and between Auto Network Group of New Mexico, Inc., a New Mexico corporation having its office at 420 Wisconsin , N.E., Albuquerque, New Mexico 87108 AND Jules Gollins, an individual residing at 4051 East Fairfield Street, Mesa, Arizona 85205, both personally and for and on behalf of Auto Network Group of New Mexico, Inc., AND Suzanne Gollins, an individual residing at 4051 East Fairfield Street, Mesa, Arizona 85205, AND Bruce Burton, an individual, residing at 12800 Comanche N.E. #94, Albuquerque, New Mexico 87111, AND Darlene Burton, an individual, residing 12800 Comanche N.E. #94, Albuquerque, New Mexico 87111, AND Stuart Bailey, an individual residing at 7716 Eagle Rock Avenue, Albuquerque, New Mexico 87122 AND Cheryl Bailey, an individual, residing at 7716 Eagle Rock Avenue, Albuquerque, New Mexico 87122, hereinafter referred to as the BORROWERS, AND, Pinnacle Financial Corporation, having its office at 8135 E.

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SECURED PROMISSORY NOTE
Secured Promissory Note • July 20th, 1999 • Autotradecenter Com Inc • Wholesale-motor vehicles & motor vehicle parts & supplies

This Promissory Note is hereby entered into on the 22nd day of June, 1999, by and between Autotradecenter.com Inc., a Arizona corporation having its office at 8135 E. Butherus, Suite 3, Scottsdale, Arizona 85260, AND, Pinnacle Financial Corporation, having its office at 8135 E. Butherus, Suite 3, Scottsdale, Arizona 85260, hereinafter referred to as the LENDER. Borrower promises to pay to the order of Lender the sum of Two Hundred Thousand Dollars ($200,000.00), together with interest thereon at the rate of twelve percent (12%) per annum on the unpaid balance. Said sum shall be paid as follows: Interest payments of Two Thousand Dollars ($2,000.00) payable in arrears on the 22nd day of each month beginning July 22, 1999; and, The principal amount of Two Hundred Thousand Dollars ($200,000.00) shall be payable on December 22, 1999 unless such termination of this Note shall occur in which case all principal amount shall become immediately due and payable. This Note may be extended on a mon

RECITALS
Auction Finance Agreement • July 20th, 1999 • Autotradecenter Com Inc • Wholesale-motor vehicles & motor vehicle parts & supplies • Florida
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