Great Western Land Recreation Inc – Exhibit 10.22 PROMISSORY NOTE (October 5th, 2006)
PLACE FOR PAYMENT: Great Western Land and Recreation, Inc. 7373 North Scottsdale Rd., Suite C 140 Scottsdale, Arizona 85253 Maricopa County, Arizona, or any other place that Payee may designate in writing.
Great Western Land Recreation Inc – Exhibit 10.21 REAL ESTATE SALE AGREEMENT (October 5th, 2006)
Great Western Land Recreation Inc – Exhibit 10.20 (October 4th, 2006)
This document outlines the draw down of $20 million stated value Series G Preferred in two steps. $10 million is to be drawn down prior to September 30, and $10 million after September 30 but can be issued at your convenience after the first $10 million is assigned and employed for the Projects (See Note #1). A formula is outlined below to determine the true value of the face amount of the full $20 million of Series G convertible Preferred Stock. (The Preferred Stock.)