PROMISSORY NOTE


Principal Amount:  $100,000                               Interest Rate:  10.00%


         In  consideration  of  value  received,  receipt  of  which  is  hereby
acknowledged,  Montgomery Realty Group, Inc. a Nevada corporation doing business
in California as Nevada-Montgomery  Realty Group, Inc.  ("Borrower") promises to
pay to Dinesh Maniar ("Lender" or "Promisee"),  or order, in lawful money of the
United States of America,  the principal  amount of One Hundred Thousand Dollars
($100,000.00)  or so much as may be  outstanding,  together with interest on the
unpaid principal balance,  at the rate of ten percent (10.00%) per annum, as set
forth  below.  All  payments  under  this note  shall be made  payable to Dinesh
Maniar, or order.

Interest  Payments:  Interest  shall  accrue  under this note at the rate of Ten
Percent (10%) per annum.  Interest shall be paid monthly, with interest payments
commencing April 1, 2000 and continuing on the first day of each month until the
maturity on March 31, 2001, at which time all accrued but unpaid  interest shall
be due and payable.

Principal  Payment:  All of the  principal  due under this note,  together  with
accrued interest thereon, shall be due and payable on March 31, 2001.

Prepayment: This note may be prepaid, in whole or in part, prior to the maturity
dates set forth above, without a prepayment penalty or other charge therefore.

Waiver:  The Lender may delay or forgo  enforcing  any of his rights or remedies
under this Note without  losing  them.  Borrower and any other person who signs,
guarantees  or  endorses  this  Note,  to  the  extent  allowed  by  law,  waive
presentment, demand for payment, protest and notice of dishonor. Upon any change
in the terms of this Note, and unless otherwise  expressly agreed in writing, no
party who signs this Note, whether as maker, guarantor or accommodation maker or
endorser,  shall be released from liability.  All such parties agree that Lender
may renew or  extend  (repeatedly  and for any  length of time)  this  Note,  or
release any party or guarantor or collateral; or impair, fail to realize upon or
perfect Lender's  security  interest,  if any, and take such other action deemed
necessary by Lender without the consent of or notice to anyone. All such parties
agree that  Lender  may modify  this Note  without  the  consent of or notice to
anyone other than the party with whom this modification is made.

Late Charges:  In the event that any interest payment required  hereunder is not
paid on the due date and more than ten (10) days  shall have  elapsed  since the
due date,  then Borrower  shall pay to Lender a five percent (5%) late charge on
said late payment.


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Event of Default: An Event of Default shall exist if any of the following occur:
(a) failure by Borrower to make any  payment  required by this  Promissory  Note
when due;  (b)  failure by  Borrower  to honor any  material  term,  covenant or
condition as set forth in this  Promissory  Note; or (c) the  commencement  of a
bankruptcy proceeding by Borrower.

Remedies Upon Default:  In the Event of Default as described  above,  the Lender
may, without election of remedies do one or more of the following:  (a) continue
to  collect  payments  as they come due under  this  Note;  (b)  accelerate  the
principal  balance  due under  this Note  such that the full  amount of  accrued
interest and principal  becomes  immediately  payable;  (c) take such actions as
Lender deems appropriate to ensure payment of this Note.

Transferability:   Lender  may  assign,  pledge,  mortgage,  hypothecate,  sell,
transfer,  convey or otherwise dispose of Lender's interest in this Note without
the consent of Borrower or the giving of any notice. The obligations of Borrower
under this Note are not transferable without the written consent of Lender.

Waiver:  The Lender may delay or forgo  enforcing  any of her rights or remedies
under this Note without  losing  them.  Borrower and any other person who signs,
guarantees  or  endorses  this  Note,  to  the  extent  allowed  by  law,  waive
presentment, demand for payment, protest and notice of dishonor. Upon any change
in the terms of this Note, and unless otherwise  expressly agreed in writing, no
party who signs this Note, whether as maker, guarantor or accommodation maker or
endorser,  shall be released from liability.  All such parties agree that Lender
may renew or  extend  (repeatedly  and for any  length of time)  this  Note,  or
release any party or guarantor or collateral; or impair, fail to realize upon or
perfect Lender's  security  interest,  if any, and take such other action deemed
necessary by Lender without the consent of or notice to anyone. All such parties
agree that Lender  modify  this Note  without the consent of or notice to anyone
other than the party with whom this modification is made.

Attorneys  Fees:  This  Note  shall  be  governed  by the  laws of the  State of
California. In the event any action is taken by the Lender to enforce collection
of any sum due under this Note,  the maker  agrees to pay,  in  addition  to all
other sums chargeable hereunder, reasonable costs and attorneys fees incurred in
collection of this Note.

Counterparts:  This Note may be executed in counterparts, each of which shall be
deemed an original.


Dated:   March 27, 2000

                                                  /s/ Dinesh Maniar
                                                  -----------------------------
                                                  Mr. Dinesh Maniar
                                                  President
                                                  Montgomery Realty Group, Inc.