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EXHIBIT 10.45
PROMISSORY NOTE
$30,000.00 Lewisville, Texas APRIL 5, 2000
For value received, BASIC TECHNOLOGIES, INC., AND P & A REMEDIATION, LLC.,
promises to pay to the order of Edwin Dean, the sum of THIRTY THOUSAND AND
NO/100 DOLLARS ($30,000.000) in legal and lawful money of the United States of
America, with interest thereon from the date hereof until maturity at the rate
of TWELVE percent (12%) per annum on the unpaid balance.
This note is due and payable as follows, to wit:
ACCRUED MONTHLY INTEREST ONLY SHALL BE PAYABLE ON MAY 5 2000; JUNE 5, 2000;
JULY 5, 2000; AND AUGUST 5, 2000. PRINCIPAL SHALL BE DUE AND PAYABLE IN FULL ON
AUGUST 5, 2000.
This note shall be secured by a security interest in the following :
Halliburton Cement Float VIN# 6477, New Mexico Title #82069004A337729
Halliburton Cement Float VIN# 4826, Louisiana Title #C8396539
The undersigned may prepay this note without penalty. In the event any payment
due hereunder is not paid when due, the entire balance shall be immediately due
upon demand of any holder. Upon default, the undersigned shall pay all
reasonable attorney fees and costs necessary for the collection of this note.
Signed this 5th day of April, 2000.
ATTEST: BASIC TECHNOLOGIES, INC.
/s/ RICHARD C. SMITH By: /s/ B WALKER
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Richard C. Smith Bryan L. Walker, President
Chief Financial Officer
P & A REMEDIATION, LLC.
By: /s/ RICHARD C. SMITH
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Richard C. Smith , Manager
