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EXHIBIT 10.15
PROMISSORY NOTE
Principal Amount: USD $90,000 Nassau, Bahamas
June 30, 2000
FOR VALUE RECEIVED, the undersigned, COMMODORE SALES CORP, ("Commodore")
promises to pay to the order of NETSTAFF, INC. ("NetStaff") at the City of San
Francisco, California, on September 30, 2001 the sum of Ninety Thousand Dollars
($90,000) with no accrued interest, expenses or deductions. Subject specifically
to the Performance Agreement between NetStaff and Commodore, dated June 30,
2000, a copy of which is attached hereto.
Payment of the above sum is conditioned upon NetStaff achieving gross revenue of
a minimum of $1 million solely and directly from NetStaff MLS by September 30,
2000, separate and apart form any license fees received from Commodore. In the
event that NetStaff fails to meet such condition, this Promissory Note shall
automatically be declared null and void, canceled and of no further effect, with
no requirement of notice to be given by either party. The P & L statements of
NetStaff, Inc. shall be conclusive evidence of NetStaff's gross revenues as of
September 30, 2000.
Presentment for payment, demand, protest and notice of dishonour and protest
hereof are hereby waived.
COMMODORE SALES CORP.
Per:
/s/ DAVID GUEVARA
---------------------------------
David Guevara
Authorized Signatory
