Exhibit 4.10

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PIONEER FINANCIAL SERVICES
                                        October 1, 2003
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On  Demand,  for  value  received,   PIONEER  FINANCIAL  SERVICES,   a  MISSOURI
Corporation promises to pay to PIONEER FINANCIAL  INDUSTRIES,  INC. (hereinafter
called  "Bank") or to its order,  at its main office,  the  principal sum of the
lesser of (i) the  greater of Two  Million  Dollars  or 2.5% of the  outstanding
principle  amount  of Senior  Debt or (ii) the  unpaid  principal  amount of all
advances  made  by  Bank,  together  with  interest  on  all  principal  amounts
outstanding  hereunder from time to time, from date(s) of disbursement(s)  until
paid, at the rate of INDEX RATE (Prime rate plus 2.00 points) percent per annum,
adjusted daily,  with all accrued interest payable monthly.  Unless Bank, in its
sole discretion,  may from time to time otherwise direct,  all payments shall be
applied  first to payment  of accrued  interest,  and then to  reduction  of the
principal  sum due  hereunder.  Any part of the  outstanding  principal  balance
hereof may be paid prior to maturity and if less than the  principal  sum stated
above is  outstanding,  the  undersigned,  may from time to time until  maturity
receive,  but  the  Bank  has  no  commitment  to  make,  further  disbursements
hereunder;  provided,  however,  the aggregate  amount of all principal  amounts
outstanding  hereunder shall at no time exceed the face amount of this note; and
provided  further,  that each and every  disbursement  made under this Revolving
Promissory  Note shall be at the Bank's sole  discretion.  All advances  made by
Bank to the undersigned and all principal and interest payments thereon shall be
recorded on the Schedule of Disbursements and Payments of Principal listed below
or on the grid attached hereto which is  incorporated  herein and made a part of
this Revolving  Promissory  Note and Bank is hereby  unilaterally  authorized to
make such notations thereon.  The amounts recorded shall be prima facie evidence
of the outstanding principal balance of the Revolving Promissory Note.

Demand, for payment,  notice of nonpayment,  protest, and notice of dishonor are
hereby  waived by all who are or shall become  parties to this  instrument.  Any
failure by the holder  hereof to,  exercise  any rights  hereunder  shall not be
construed  as a waiver of the right to  exercise  the same or any other right at
any other time and from time to time thereafter.

PIONEER FINANCIAL INDUSTRIES, INC               PIONEER FINANCIAL SERVCIES, INC.
A NEVADA Corporation                                      A MISSOURI Corporation

By /s/ William D. Sullivan                      By /s/ Randall J. Opliger
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          PRESIDENT                                 CHIEF FINANCIAL OFFICER

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<TABLE>
<CAPTION>
                    SCHEDULE OF DISBURSEMENTS AND PAYMENTS OF PRINCIPAL

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Date   Date     Interest  Interest    Amount of     Amount of     Unpaid     Disbursement
      Interest    Rate      Paid      Principal     Principal    Principal    Approved By
      Paid To                        Disbursement    Payment      Balance
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<S>   <C>       <C>       <C>       <C>             <C>         <C>          <C>
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</TABLE>