Promissory Note - Las Vegas Discount Golf & Tennis Inc. and Voss Boreta
PROMISSORY NOTE
Principal: $631,148.76 Date: 2-1-97
Las Vegas Discount Golf & Tennis, Inc. promises to pay to Voss Boreta at
5325 S. Valley View Blvd., Suite 10, Las Vegas, Nevada 89118, the principal
amount of SIX HUNDRED THIRTY-ONE THOUSAND, ONE HUNDRED FORTY-EIGHT and 76/100
($631,148.76), together with interest at the rate of ten percent (10%) per
annum on the unpaid principal balance from February 1, 1997, until paid in
full.
The Maker will pay this note in one payment of $631,148.76. The payment
is due on December 31, 1998.
In addition, the Maker promises to pay reasonable attorney's fees and
costs incurred in collection of this note, or any part thereof, with or
without suit, and in the event of suit, such additional attorney's fees as the
court may determine and adjudicate to be reasonable.
LAS VEGAS DISCOUNT GOLF & TENNIS, INC. (Maker)
By: /s/ Ron Boreta
Ron Boreta, Director