ex10-15.htm


    


    Exhibit
10.15

    MASTER
REVOLVING CREDIT NOTE

    


    Date   July
10, 2008 (THIS NOTE SUPERCEDES AND REPLACES THOSE NOTES

    DATED
FEBRUARY 12. 2008, JANUARY 8, 2008, AND JUNE 10, 2008)

    


    Maker:  Michael Lambert,
Inc.

    


    Payee:  BFP Texas,
Ltd.

    


    Place for Payment:  20022
Creek Farm, San Antonio, TX  78259

    


    Principal Amount:  Twenty
Thousand and 00/100 Dollars  ($20,000.00)

    


    Annual Interest Rate on Unpaid
Principal from Date:  Zero percent (0%)

    


    Annual Interest Rate on Matured,
Unpaid Amounts: 
Zero percent (0%)

    


    Terms
of Payment (principal and interest):

    


    Interest,
if any, on any unpaid principal shall be due on the fifteenth (15th) of
each month.   All unpaid principal and interest is due and
payable on December 31, 2008.

    


    The
unpaid principal balance, including any unpaid and accrued interest, shall at no
time exceed the sum of Twenty Thousand and no/100 dollars
($20,000.00).  The unpaid principal balance of this note at any time
shall be the total amounts loaned or advanced hereunder by Payee, less the
amount of payments or prepayments of principal made hereon by or for the account
of Maker.  It is contemplated that by reason of prepayments hereon,
there may be times when no indebtedness is due hereunder; but notwithstanding
such occurrences, this note shall remain valid and shall be in full force and
effect as to loans or advances made pursuant to and under the terms of this note
subsequent to each such occurrence.

    


    Advances
hereunder shall be made by Payee upon the oral or written request of the
undersigned officer of Maker or any other officer of Maker authorized to make
such a request.

    


    Maker promises
to pay to the order of Payee at the place for payment and according to the terms
of payment the principal amount plus interest at the rates stated
above.  All unpaid amounts shall be due December 31,
2008.

    


    On
default in the payment of this note or in the performance of any obligation in
any instrument securing or collateral to it this note and all obligations in all
instruments securing or collateral to it shall become immediately due at the
election of Payee.  Maker and each surety, endorser, and guarantor
waive all demands for payment, presentations for payment, notices of intention
to accelerate maturity, protests, and notices of protest.

     

    If this
note or any instrument securing or collateral to it is given to an attorney for
collection, or if suit is brought for collection, or if it is collected through
probate, bankruptcy, or other judicial proceeding, then Maker shall pay Payee
all costs of collection, including reasonable attorney's fees and court costs,
in addition to other amounts due.

    


    Interest
on the debt evidenced by this note shall not exceed the maximum amount of
nonusurious interest that may be contracted for, taken, reserved, charged, or
received under law; any interest in excess of that maximum amount shall be
credited on the principal of the debt or, if that has been paid,
refunded.  On any acceleration or required or permitted prepayment,
any such excess shall be canceled automatically as of the acceleration or
prepayment or, if already paid, credited on the principal of the debt or, if the
principal of the debt has been paid, refunded.  This provision
overrides other provisions in this and all other instruments concerning the
debt.

    The terms
Maker and Payee and other nouns and pronouns include the plural if more than
one.  The terms Maker and Payee also include their respective
successors, representatives, and assigns.

     

    
      	 
      	
              Maker

            
	 
      	
              Michael
      Lambert, Inc.

            
	 
      	 
      
	 
      	 
      
	 
      	
              By:
      /s/ Robert
      Kremer

            
	 
      	
                     
      Robert Kremer

            
	 
      	
                      President