fs1a3ex10iv_feelgolf.htm


    Exhibit
10.4

     

    

     

    
      Corporate Promissory Balloon
Note 106 to Miller Family Trust

      


      
        
          	
                  ($525,285.99)

                	
                  Monterey
      County, California

                	
                  Date
      09/30/2008

                


        



      This
revised note reflects debt from 01/01/2008 thru 9/30/2008. For value received,
Feel Golf Company, Inc., (MAKER) promises to pay to the order of the Miller
Family Trust, (HOLDER) the principal sum of Five Hundred Twenty Five Thousand
Two Hundred and Eighty Five dollars and 99 cents ($525,285.99) with monthly
accrued interest as noted on the MAKERS Balance Sheet dated 09/30/2008 and
hereafter at the rate of SEVEN percent (7% APR).

      


      The
repayment schedule is a balloon loan due to be paid on or before December 31,
2012.  The maker shall have the election to prepay in periodic payment
and monies paid shall be applied first to interest, then to
principal.

      


      UPON
DEFAULT under this Note and/or upon written notice by the HOLDER, the entire
balance of principal and interest shall, at the option of the HOLDER shall
become immediately due and payable.

      


      Payment
shall be made directly to the HOLDER at address of record and in lawful money of
the United States of America, and/or at such mutually agreed upon place or
places as may be designated in writing by the HOLDER hereof from time to
time..

      


      


      The MAKER
warrants and stipulates that the loan evidenced by this Note was transacted
solely for the purpose of a business loan to Feel Golf Company, Inc. and for no
other purpose; and is not an investment, but is a commercial loan under the
Uniform Commercial Code as the loan is secured by a blanket lien on the MAKER’S
assets.

      


      The
HOLDER hereof may extend the time of payment of this Note, postpone the
enforcement hereof, grant any other indulgence and/or release any party
primarily or secondarily liable hereon without effecting or diminishing the
HOLDER’S right of recourse against the MAKER, endorsers or any party to this
Note, which right hereby is hereby expressly reserved.

      


      AS TO
THIS NOTE and any other instruments, if any, securing it, the undersigned and
all endorsers and guarantors severally waive presentment, protest and notice of
dishonor, and expressly agree that the maturity of this Note, or any payment
hereunder, may be extended from time to time without affecting the liability of
the undersigned (or any endorser or guarantor hereof).

      


      
        
          
            
              
                
                  
                    
                      	
                              Feel
      Golf Company, Inc.

                            	 
      	
                              Miller
      Family Trust

                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                               Lee
      Miller, CEO

                            	 
      	
                              Ronald
      Lee Miller, Trustee

                            
	
                              Date

                            	 
      	
                              Date:

                            
	 
      	 
      	 
      
	
                              WITNESSED:

                            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                              David
      Otterbach, COO & Corporate Secretary

                            	 
      	
                              Date: