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<br />PROMISSORY NOTE <br /> <br />This Promissory Note (this "Note") is made by East A Developments, L.P., as <br />maker, under the terms and conditions as follows: <br /> <br />Article I <br />DEFINITIONS <br /> <br />For purposes of this Note, the following defined terms shall have the meanings <br />set forth in this Article I: <br /> <br />1.1 "Borrower'means East A Developments, L.P., a Texas limited partnership. <br /> <br />1.2 "Borrower's Mailing Address" means 1001 Dsener, Houston, Harris County, <br />Texas 77007. <br /> <br />1.3 "Lender' means La Porte Economic Development Corporation, a Texas non-profit <br />corporation. <br /> <br />1.4 "Place for Payment' means 604 W. Fairmont Parkway, La Porte, Texas 77571. <br /> <br />1.5 "Principal Amounf' means One Hundred Fifty Thousand Dollars and No Cents <br />($150,000.00). <br /> <br />1.6 "Annual Interest Rate" means Five Percent (5.00%) per year. <br /> <br />1. 7 "Maturity Dati' means the Prst day ofthe month following six (6) months after <br />the Effective Date. <br /> <br />1.8 "PSA" means that certain Purchase and Sale Agreement by and between Lender <br />and Borrower. The PSA is hereby incorporated by reference. <br /> <br />1.9 "Effective Date" means Octobe~8 <br /> <br />Article n <br />TERMS OF PAYMENT <br /> <br />2.1 Borrower promises to pay to the order of Lender.the Principal Amount plus <br />interest, compounding annually, at the Annual Interest Rate, the same being due and <br />payable in equal mo:p.thly installments of Six Hundred Twenty-Five Dollars and <br />No Cents ($625.09), on the first day of each month, beginning the first day of the <br />calendar month after the .Effective Date, and continuing until the Maturity Date, when <br />the entire amount of remaining principal and accrued, unpaid interest will be payable <br />in full. <br /> <br />J <br /> <br />EXHIBIT <br />A-~ <br /> <br />Page -1- <br />