FOR VALUE, the receipt and sufficiency of which are hereby acknowledged, Restaurant Concepts of America,
a Nevada company referred to as (“Borrower”), promises to pay to David Cho (“Lender”), or order, at Austin,
Texas, or as otherwise instructed, the principal sum of five thousand dollars ($5,000.00) in lawful tender of the
United States, together with simple interest thereon at an annual interest rate of eight percent (8%).
Terms of Repayment. This Promissory Note shall become due and payable together will all accrued interest
on December 21, 2010.
Default. Any one or more of the following events shall constitute a Default under the terms of this Note:
In the event of any default as described herein, Lender, without further protest, presentment or notice, may
declare all sums due and payable, together with any interest then due.
Waiver. Forbearance of any payment due of modification of any term of this Note by Lender in any manner
shall not be deemed nor construed as a waiver of any other rights in favor of Lender under the terms of this
Legal. This Note shall be construed in accordance with the laws of that State of Texas, which shall be the
choice of jurisdiction and venue for purposes of enforcement of this Note. If any action is brought to enforce any
provision or collect on this Note, the prevailing party shall be entitled to reimbursement for all reasonable
attorney’s fees and costs, in addition to any other relief to which that party may be entitled.
December 21, 2009
1) Borrower fail to make timely payment when due.
2) Borrower breaches an agreement or promise made to Lender, or fails to timely perform any
obligation owing to Lender
3) Borrower makes any representation or statement to Lender that is false or misleading in any
4) Borrower becomes insolvent, or a receiver is appointed for any part of all of B