EX-10.3
from 10KSB40
1 page
11/18/98 Lender's Name: W J International, Inc. Address: 23 Washburne Ave., Paynesville, Mn 56362 in This Agreement, I, Me and My Refer to the Borrower Signing Below. You and Your Refer to the Lender Named Above. My Promise: One Year After the Date of This Note, I Promise to Pay to Your Order Seventy Thousand Dollars ($70,000.00) in Full at the Rate of 6.98% a Year. I Will Pay Interest Every 90 Days. Your Rights if I Default. if I Do Not Make an Interest Payment on This Loan When Due or in the Full Amount, You May Require Immediate Payment of the Unpaid Balance of This Loan, Including Any Interest I Owe. Legal and Collection Costs. I Must Pay Any Reasonable Attorneys' Fees, Legal Expenses and Costs of Collection That Result From My Default (Unless Prohibited by Law). Secured by Note Koronis Parts, Inc. /S/ Ed Webb, President
12/34/56