PK Ventures, Inc. and Subsidiaries, et al. - Page 76

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          amount be calculated on the basis of a 360-day year, that                   
          payments of principal and accrued interest be made in equal                 
          quarterly installments of $55,532 beginning on February 15, 1987,           
          and that any remaining balance of principal and accrued interest            
          become due and payable on February 3, 1994.  The terms of TBPC’s            
          Promissory Note to Norstar required that the outstanding                    
          principal balance bear interest at a rate of 10.40 percent, that            
          the interest on the outstanding principal amount be calculated on           
          the basis of a 360-day year, that payments of principal and                 
          accrued interest be made in equal monthly installments of $87,345           
          beginning on March 15, 1987, and that any remaining balance of              
          principal and accrued interest become due and payable on                    
          February 3, 1997.  The terms of TPTC’s Promissory Note to Norstar           
          required that the outstanding principal balance bear interest at            
          a rate of 10.40 percent, that the interest on the outstanding               
          principal amount be calculated on the basis of a 360-day year,              
          that payments of principal and accrued interest be made in equal            
          monthly installments of $53,751 beginning on February 15, 1987,             
          and that any remaining balance of principal and accrued interest            
          become due and payable on February 3, 1997.                                 
               Also on or about February 3, 1987, PK Ventures executed a              
          document entitled “Master Note” in favor of Norstar in which it             
          promised to pay to Norstar the principal amount of $2.5 million             
          or, if less, the aggregate unpaid principal amount of all                   






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