Promissory Note between Chicken Kitchen Corporation and Olympus Capital, Inc. (Shareholders' Representative)

Summary

Chicken Kitchen Corporation promises to pay Olympus Capital, Inc., acting as Shareholders' Representative, $150,000 by March 23, 2002. The payment is in U.S. dollars and is governed by Florida law. The note is non-negotiable and can only be transferred to Christian Mahe de Berdouare. This note is linked to an Exchange Agreement among the parties. The company waives certain formalities like demand and notice of non-payment.

EX-10.14 3 0003.txt EXHIBIT 10.14 NOTE Miami, Florida $150,000.00 Dated: March 23, 2001 FOR VALUE RECEIVED, the undersigned, CHICKEN KITCHEN CORPORATION, a Florida corporation (the "Company"), HEREBY PROMISES TO PAY to the order of Olympus Capital, Inc., a Florida corporation, as Shareholders Representative (the "Shareholders' Representative"), the aggregate principal amount of One Hundred Fifty Thousand United States Dollars and no/xx cents ($150,000.00) (the "Note Amount"); or if less, the unpaid principal amount of the Note Amount, on March 23, 2002 (the "Maturity Date"). Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed thereto in the Exchange Agreement (as defined below). The Note Amount is payable in lawful money of the United States of America to the Shareholders' Representative, in immediately available funds. This Note is the Note referred to in, and is entitled to the benefits of, the Exchange Agreement, dated as of March 23, 2001 (said Agreement, as it may be amended, restated or otherwise modified from time to time, being, the "Exchange Agreement"), among the Company, Christian Mahe de Berdouare, the Shareholders and the Other Plaintiffs (as defined therein). Demand, presentment, protest and notice of non-payment and protest are hereby waived by the Company. This Note shall be governed by, and construed and interpreted in accordance with, the law of the State of Florida. This Note shall be a non-negotiable instrument and shall not be transferrable except to Christian Mahe de Berdouare. [signature page follows] IN WITNESS WHEREOF, the Company has caused this Note to be executed and delivered by its duly authorized officers on the day and year and at the place set forth above. CHICKEN KITCHEN CORPORATION By: /s/ Christian Mahe de Berdouare -------------------------------------- Name: Christian Mahe de Berdouare Title: Chairman, President & CEO EXHIBIT A FORM OF NOTE Miami, Miami/Dade County, Florida $150,000 Dated: March 23, 2001 FOR VALUE RECEIVED, the undersigned, CHICKEN KITCHEN CORPORATION, a Florida corporation (the "Company"), HEREBY PROMISES TO PAY to the order of Olympus Capital, Inc., a Florida corporation, as Shareholders Representative (the "Shareholders' Representative"), the aggregate principal amount of One hundred Fifty Thousand United States Dollars ($150,000) the "Note Amount"); or if less, the unpaid principal amount of the Note Amount, on _march 23,2002 (the "Maturity Date"). Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed thereto in the Exchange Agreement (as defined below). The Note Amount is payable in lawful money of the United States of America to the Shareholders' Representative, in immediately available funds. This Note is the Note referred to in, and is entitled to the benefits of, the Exchange Agreement, dated as of March 23, 2001 (said Agreement, as it may be amended, restated or otherwise modified from time to time, being, the "Exchange Agreement"), among the Company, Christian Mahe de Berdouare, the Shareholders and the Other Plaintiffs (as defined therein). Demand, presentment, protest and notice of non-payment and protest are hereby waived by the Company. This Note shall be governed by, and construed and interpreted in accordance with, the law of the State of Florida. This Note shall be a non-negotiable instrument and shall not be transferable except to Christian Mahe de Berdouare. IN WITNESS WHEREOF, the Company has caused this Note to be executed and delivered by its duly authorized officers on the day and year and at the place set forth above. CHICKEN KITCHEN CORPORATION By: /s/ Christian Mahe de Berdouare ------------------------------------- Name: Christian Mahe de Berdouare Title: Chairman, President & CEO