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day of each month in the amount of <br />THOUSAND DOLLARS ($_,000.00). <br />3. Notwithstanding the requirement for payment of interest in <br />paragraph 2, above, no interest in any one (1) year shall accrue if <br />Maker fulfills the terms and conditions of the DDA, including <br />that Maker has generated no less than twenty million dollars <br />($20,000,000.00) in annual taxable sales as certified by the <br />Holder within thirty (30) days of receipt of the copies of sales tax <br />statements provided by Maker to Holder pursuant to the DDA. <br />Such certification may be revoked upon determination of error, <br />omission or misstatement in the copies of sales tax statements if <br />such error, omission or misstatement results in Maker having <br />generated less than twenty million dollars ($20,000,000.00) in <br />annual taxable sales. In the event that, at the end of any given <br />year, it is determined that Maker has fully complied with the <br />terms and conditions of the DDA (including Maker's sales tax <br />generation obligations thereunder), any interest previously paid <br />by Maker during such year shall be refunded to Maker within <br />thirty (30) days after evidence of such compliance has been <br />provided to Holder. <br />4. Upon Maker securing a construction loan in an amount sufficient <br />to construct, and usable only for the construction of the <br />automobile dealership improvements at 1066-1072 Marina <br />Boulevard and 1152 Marina Boulevard, as contemplated by the <br />DDA, with the amount of the construction loan reasonably <br />approved of by Holder as sufficient to complete the <br />improvements, Holder shall forgive and exonerate EIGHT <br />HUNDRED THOUSAND DOLLARS ($800,000.00) of the <br />principal balance of this Note. <br />5. All unpaid interest and principal shall be due and payable on <br />October _, 2001, less any amounts forgiven and exonerated <br />pursuant to section CA above. <br />D. Maker may prepay, without penalty or premium, any amount of the <br />principal and/or interest under this Note prior to the due date set forth in paragraph <br />C.5, above. Any amounts paid hereunder shall first be credited against accrued <br />interest and the balance shall be credited against principal. <br />Promissory Note Page 2 of 4 <br />Automall <br />October 2, 1996 <br />