PROMISSORY NOTE
$500,000
30 March 2005
For value received, Trinity
Springs Inc., a Delaware corporation
("Maker"), promises to pay to Nebraska
Distributing Company, a
Nebraska corporation, located at 13619
Industrial Road, Omaha,
Nebraska 68137 ("Holder"), the principal
amount of Five Hundred
Thousand Dollars ($500,000) as follows:
MATURITY DATE
This Promissory Note (the "Note"),
with interest at the rate of
seven per centum (7%) per annum, shall be
due and payable in one
payment on or before June 15, 2005.
PAYMENT
Any cash payment hereunder shall
be applied first to the payment of
costs and charges of collection, if any,
then to accrued interest
(including interest after any default), and
the balance, if any, shall
be then applied to reduction of principal.
Principal and
interest
must be payable in lawful money of the
United States of America.
DEFUALT / ACCELERATION
If any default shall be made in
payment hereunder, when due (an
"Event of Default") then, upon the
occurrence of any such Event of
Default, Holder at its election, and
without presentment, demand, or
notice of any kind, all of which are
expressly waived by Maker, may
declare the entire outstanding balance of
principal and any interest
thereon immediately due and payable,
together with all costs of
collection, including attorney's fees.
In the event of an
Event of a
Default, as described herein, the principal
amount of this Promissory
Note shall then begin accruing interest at
the maximum rate of default
interest allowable under law until paid in
full, commencing on the
date Holder sends Maker a notice of
default.
ATTORNEY'S FEES AND COSTS
In the event Holder takes any
action to enforce any pr
