PROMISSORY NOTE
Phoenix, AZ $64,800
May 30, 2000
IN EXCHANGE FOR GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy of
which is hereby acknowledged, FutureOne, Inc., a Nevada corporation ("Maker"),
hereby promises to pay to Kenneth P. Eck ("Payee") or his assigns under the
terms herein, at Phoenix, Arizona, in lawful money of the United States, the sum
of $64,800 together with interest on the unpaid balance at the rate of Eight
Percent (8%) per annum, from the date hereof until paid ("Loaned Funds").
The Maker hereby grants to the Payee, and the Payee hereby accepts from the
Maker, a security interest in the following property and any and all additions,
accessions and substitutions thereto to secure the payment and performance by
the Maker under this Promissory Note (the "Collateral").
THAT PORTION OF MAKER'S ACCOUNTS FROM ITS DIVISION, ROCKET SCIENCE CREATIVE
(INCLUDING ACCOUNTS RECEIVABLE AND CONTRACT RIGHTS) EQUALING THE SUM OF $64,800
PLUS INTEREST ON THE UNPAID BALANCE AT THE RATE OF 8% PER ANNUM, WHETHER NOW
OWNED OR HEREAFTER ACQUIRED, WHETHER NOW EXISTING OR HEREAFTER ARISING, TOGETHER
WITH THE RECORDS AND DATA RELATING TO SUCH ACCOUNTS.
Installments of interest and principal on the Loaned Funds in the amount of
$5,000 shall be due and payable on the 1st day of each month commencing July 1,
2000, and continuing thereafter on the 1st day of each month thereafter until
the entire unpaid principal sum and accrued interest is paid (the "Installment
Payments").
The Maker may prepay this Promissory Note, in whole or in part, at any time
without penalty. Any payments that are received on this Promissory Note shall be
first applied toward accrued interest, and second toward the reduction of
principal.
Should default occur in any Installment Payment hereunder, and if said default
remains uncured for a period of 15 consecutive days after written demand by the
Payee thereof, then the whole sum of unpaid principal and accrued interest due
thereunder may become immediately due and payable, at the option of the Payee.
If suit is brought to recover amounts due under the terms of this Promissory
Note, the Maker hereby promises to pay reasonable attorney's fees and court
costs.
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The Maker and any endorsers of this Promissory Note waive diligence, demand,
presentment for payment, notice of dishonor and protest, and consent to the
extension of time for payment of this Promissory Notice without notice.
This Promissory Note is made in Arizona, and the execution, delivery and
performance hereof shall be governed by and construed in accordance with the
laws of the State of Arizona.
FUTUREONE, INC.
a Nevada corporation
By:
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