Salt Lake City, Utah
$20,548.00 Date: November 30, 2001
FOR VALUE RECEIVED, the undersigned, DRACO HOLDING CORPORATION (hereinafter "Maker")
promises to pay to the order of STEVEN D. MOULTON, at 4843 South Wallace Lane, Salt Lake City, Utah
84117 (hereinafter "Payee"), the principal sum of Twenty Thousand Five Hundred Forty Eight and 00/100
Dollars ($20,548.00) in lawful money of the United States of America, together with interest thereon at the rate
of ten percent (10.0%) per annum until paid in full. The principal balance of this Note represents various loans
and advances made by Payee to Maker during the first eleven (11) months of 2001.
Payment of principal together with all accrued interest shall be due upon demand by the holder hereof.
The Maker of this Promissory Note shall have the privilege, without penalty or premium, of paying in advance the
entire principal or any portion thereof.
In the event that any portion of principal or interest is not paid when due, it shall thereafter bear interest at the rate
of twelve percent (12.0%) per annum, both before and after judgment, until paid in full. In the event of default on
any payment herein provided for, then without notice, presentment or demand, the principal sum hereof together
with any accrued interest thereon shall, at the option of the holder of this Promissory Note, become due and
payable immediately. Failure to delay in exercising its option shall not constitute a waiver of any such breach or
default nor waiver of the holder's right to exercise said option upon any subsequent breach or default.
The undersigned hereby expressly waives all statutes of limitation affecting the enforceability of this Promissory
Note, and agree to pay all reasonable attorneys fees and costs incurred in collection of payments due, or in the
enforcement of any right or remedy hereunder. The Makers, assumers, endorsers, sureties, and guarantors of this
Promissory Note consent to all renewals, indulgences, extensions