SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


(Mark One)
   [X]   Quarterly report under Section 13 or 15(d) of the Securities Exchange
         Act of 1934 for the quarterly period ended September 30, 2002.

   [ ]   Transition report under Section 13 or 15(d) of the Securities Exchange
         Act of 1934 for the transition period from              to            .


         Commission file number: 0-29383
                                 -------


                         WICHITA DEVELOPMENT CORPORATION
                         -------------------------------
        (Exact name of small business issuer as specified in its charter)




               Nevada                                88-0356200
               ------                                ----------
  (State or other jurisdiction of                 (I.R.S. Employer
   incorporation or organization)                Identification No.)





            268 West 400 South, Suite 300, Salt Lake City, Utah 84101
            ---------------------------------------------------------
               (Address of principal executive office) (Zip Code)


                                 (801) 575-8073
                           (Issuer's telephone number)



Check whether the issuer:  (1) filed all reports required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days.

                                    Yes  XX    No
                                        ----      ----

The number of outstanding shares of the issuer's common stock,  $0.001 par value
(the only class of voting stock), as of November 19, 2002 was 104,321,646.


<PAGE>



                                TABLE OF CONTENTS

                                     PART I

ITEM 1.  FINANCIAL STATEMENTS..................................................3

Unaudited Consolidated Condensed Balance Sheet as of September 30, 2002........4

Unaudited Consolidated Condensed Statement of Operations for the three and
nine months ended September 30, 2002 and 2001..................................6

Unaudited Consolidated Condensed Statement of Cash Flows for the nine months
ended September 30, 2002 and 2001..............................................7

Notes to Unaudited Consolidated Condensed Financial Statements.................8


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS .................................9


                                     PART II


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.....................................11

SIGNATURES....................................................................11

INDEX TO EXHIBITS.............................................................12












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                                        2

<PAGE>



                                     PART I

ITEM 1.           FINANCIAL STATEMENTS

As used herein, the term "Company" refers to Wichita Development Corporation,  a
Nevada  corporation,  and its  subsidiaries  and  predecessors  unless otherwise
indicated.  Consolidated,  unaudited,  condensed  interim  financial  statements
including a balance sheet for the Company as of the quarter ended  September 30,
2002, and statements of operations, and statements of cash flows for the interim
period up to the date of such  balance  sheet and the  comparable  period of the
preceding  year are  attached  hereto as Pages 4 through 7 and are  incorporated
herein by this reference.




























                 [THIS SPACE HAS BEEN LEFT BLANK INTENTIONALLY]





                                        3

<PAGE>



                         WICHITA DEVELOPMENT CORPORATION
                      Unaudited Consolidated Balance Sheet
                               September 30, 2002



                                                               September 30,
                                                                   2002
                                                               ------------
ASSETS

   Current Assets
      Cash                                                     $    107,535
      Restricted Cash                                                20,000
      Prepaid expenses                                                1,235
      Notes receivable                                               75,212
      Notes receivable - Related parties                             49,014
      Securities available for sale - short term                     10,027
      Income Tax Receivable                                          27,776
                                                               ------------
          Total Current Assets                                      290,799

   Fixed Assets
      Property and equipment, net                                 1,104,574
      Land                                                          200,000
                                                               ------------
          Total Fixed Assets                                      1,304,574

   Other Assets
      Securities available for sale - long term                     182,945
      Other assets                                                   49,082
                                                               ------------
          Total Other Assets                                        232,027

TOTAL ASSETS                                                   $  1,827,400
                                                               ============

                 See accompanying notes to financial statements


                                        4

<PAGE>



                         WICHITA DEVELOPMENT CORPORATION
                      Unaudited Consolidated Balance Sheet
                                   (continued)
                               September 30, 2002

<TABLE>
<S>                                                                                    <C>

                                                                                        September 30,
                                                                                             2002
                                                                                        ------------
LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES
   Current Liabilities
      Accounts payable                                                                  $      5,580
      Payable to related parties                                                             126,856
      Income taxes payable                                                                    40,628
      Unearned rent                                                                           45,561
      Current portion of Long-Term debt                                                      619,584
                                                                                        ------------
          Total Current Liabilities                                                          838,209

   Long Term Debt                                                                            889,132
       Less: Current portion                                                               (619,584)
                                                                                        ------------
   Total Long Term Debt                                                                      269,548

TOTAL LIABILITIES                                                                          1,107,757

STOCKHOLDERS' EQUITY
       Preferred stock - 5,000,000 shares authorized at $0.001 par, none issued
      and outstanding - Common stock - 200,000,000 shares authorized at $0.001
      par; 104,322
          104,321,646 shares issued and outstanding
      Paid in capital                                                                        661,870
      Retained earnings                                                                      275,076
      Unrealized loss on securities                                                        (316,032)
      Treasury Stock (450,210 shares at $.012 per share)                                     (5,593)
TOTAL STOCKHOLDERS' EQUITY                                                                   719,643
                                                                                        ------------
                                                                                        $  1,827,400
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
                                                                                        ============
</TABLE>

                 See accompanying notes to financial statements

                                        5

<PAGE>




                         WICHITA DEVELOPMENT CORPORATION
                      Unaudited Consolidated Statements of
                 Operations for the three and nine months ended
                           September 30, 2002 and 2001

<TABLE>
<CAPTION>

                                                              Three months ended       Nine months ended
                                                                 September 30,           September 30,
                                                            2002         2001           2002       2001
                                                       ------------  ----------- ------------- ------------
<S>                                                   <C>           <C>         <C>           <C>
Rental revenues                                        $     71,576  $    71,842 $     250,843 $    251,146
General and administrative expenses                          70,876       67,735       250,072      232,760
Interest expense associated with rental revenue              35,794        6,136        86,689        4,537
          Net income from rental operations                 (35,094)      (2,029)      (85,918)      13,849
                                                       ------------  ----------- ------------- ------------

Other income (expense)
   Interest income (expense)                                  1,462            -         5,540            -
   Gain (loss) on sale of securities                        (4,027)            -      (18,219)      (3,991)
   Unrealized gain (loss) on securities                           -     (47,827)             -     (39,333)
                                                       ------------  ----------- ------------- ------------
          Total other income (expense)                      (2,565)     (47,827)      (12,679)     (43,324)
                                                       ------------  ----------- ------------- ------------
Income (loss) before tax                                   (37,659)     (49,856)      (98,597)     (29,475)

                                                       ------------  ----------- ------------- ------------
Provision for income taxes                                   13,934       21,065         8,705       11,163
                                                       ------------  ----------- ------------- ------------

Net income (loss)                                         $(23,725)  $   (28,791)    $(62,116) $   (18,312)
                                                       ============  =========== ============= ============

Net income (loss) per common share                     $       0.00  $      0.00 $        0.00 $       0.00
                                                       ============  =========== ============= ============

Weighted average shares outstanding                     104,322,000   24,322,000   104,322,000   23,400,000
                                                       ============  =========== ============= ============

</TABLE>


                 See accompanying notes to financial statements

                                        6

<PAGE>



                         WICHITA DEVELOPMENT CORPORATION
                 Unaudited Consolidated Statements of Cash Flows
                            for the nine months ended
                           September 30, 2002 and 2001

<TABLE>
<CAPTION>

                                                                                  Nine months ended
                                                                                    September 30,
Cash Flows from Operating Activities:                                              2002        2001
                                                                               ----------  ----------
<S>                                                                           <C>         <C>

Net Income (loss)                                                              $ (62,116)  $ (18,312)
Adjustments to reconcile loss to net cash used in operating activities:
    Depreciation and amortization                                                  19,574      10,990
    Closing cost added to loan                                                      6,700           -
    Realized loss on sale of securities                                            18,129           -
    Decrease (increase) in prepaid expenses                                       (1,235)     (1,030)
    Decrease (increase in accounts receivable                                      20,913           -
    Decrease (Increase) in income taxes payable                                  (27,776)           -
    Increase (decrease) in accounts payable                                         5,580     (6,853)
    Increase (decrease in accrued liabilities                                     (7,145)           -
    Increase (decrease) in unearned rent                                           11,868           -
    Increase (decrease) in income tax payable                                    (10,793)    (11,163)
                                                                               ----------  ----------
       Net Cash Used in Operating  Activities                                    (26,302)    (26,368)

Cash Flows from Investing Activities:
    Decrease (increase) in notes receivable                                      (46,075)   (146,725)
    Decrease (increase) in securities                                                   -   (386,306)
    Proceeds from sale of securities                                               20,729           -
                                                                               ----------  ----------
       Net Cash Provided by/(Used in) Investing Activities                       (25,346)   (533,031)

Cash Flows from Financing Activities:
------------------------------------
    Increase in (payment of) long-term debt                                       (7,229)           -
    Increase (decrease) in notes payable                                                -     273,926
    Increase (decrease) in amount due to shareholder                                    -     (6,730)
    Purchase of treasury stock                                                    (5,593)           -
    Increase in amount due to related party                                       (2,951)           -
                                                                               ----------  ----------
        Net Cash Provided by/(Used in) Financing Activities                      (15,773)     267,196

                            Net Decrease in Cash                                 (67,421)   (292,203)

Beginning Cash Balance                                                            194,956     480,483
                                                                               ----------  ----------

Ending Cash Balance                                                            $  127,535  $  188,280
                                                                               ==========  ==========

Supplemental Disclosure Information:
  Cash paid during the period for interest                                     $   86,689  $   17,567
  Cash paid during the period for income taxes                                          -           -

</TABLE>

                 See accompanying notes to financial statements




                                        7

<PAGE>



                         WICHITA DEVELOPMENT CORPORATION
                     Notes to Unaudited Financial Statements
                               September 30, 2002

NOTE 1    Summary of Significant Accounting Policies


     Nature of Operations

     Wichita Development Corporation ("Wichita") was organized under the laws of
     the  State of Nevada on  February  15,  1996 as  Cyberbotanical,  Inc.  The
     Company was in  development  stage until August 30, 2000,  at which time it
     purchased  a  building  in  Wichita,  Kansas,  known as the  Board of Trade
     Center.  On October  12,  2000,  the  Company  changed  its name to Wichita
     Development Corporation.  On October 17, 2001, the Company purchased Kearns
     Development Corporation, a majority owned subsidiary of Axia Group, Inc. in
     exchange for issuing  80,000,000 shares of common stock to Axia Group, Inc.
     As a result of the transaction, Kearns became an 85.6 % owned subsidiary of
     the Company and the  Company has become an 85.5% owned  subsidiary  of Axia
     Group, Inc. Axia Group,  Inc. in a restructuring,  transferred these shares
     to Nexia Holdings,  Inc. a holding company  subsidiary of Axia,  making the
     Company a subsidiary of Nexia  Holdings,  Inc. The  consolidated  financial
     statements  include the accounts of Wichita,  its  wholly-owned  subsidiary
     Wichita  Properties,  Inc.  (WPI),  and its 85.6% owned  subsidiary  Kearns
     Development,  Inc. (Kearns)  (collectively the "Company").  All significant
     intercompany  account balances have been eliminated in  consolidation.  The
     Company is  engaged  in the  operation  of real  estate to  produce  rental
     income.

     Net Income (Loss) Per Common Share

     Net income (loss) per common share is based on the weighted  average number
     of shares outstanding.

NOTE 2      Basis of Presentation

     The  accompanying  consolidated  unaudited  financial  statements have been
     prepared by management in accordance  with the  instructions in Form 10-QSB
     and,  therefore,  do not include all information and footnotes  required by
     accounting  principles  generally accepted in the United States and should,
     therefore,  be read in  conjunction  with the  Company's  Annual  Report to
     Shareholders  on Form 10-KSB for the fiscal year ended  December  31, 2001.
     These  statements  do include all normal  recurring  adjustments  which the
     Company believes  necessary for a fair presentation of the statements.  The
     interim  operations  results are not necessarily  indicative of the results
     for the full year ended December 31, 2002


NOTE 3   Debt Settlement

     On June 14 , 2002,  the Company  entered into a settlement  agreement  with
     Axia Group, Inc. and West Jordan Real Estate Holdings, Inc. to settle debts
     owed by each of these  companies in exchange for  restricted  shares of the
     common  stock of Axia  Group,  Inc.  to be valued at a 50%  discount to the
     closing price on the date of the agreement.  Total debt,  including accrued
     interest,  of  $68,253.54  was  settled in  exchange  for the  issuance  of
     1,365,070  restricted shares of the common stock of Axia Group, Inc. to the
     Company.  Axia is a parent  corporation to the Company and West Jordan is a
     subsidiary  of  Axia.  The  settlement  of  these  debts  were  treated  as
     settlement  of  related  party  debts and are  reflected  in the  financial
     statements for September 30, 2002.

                                        8

<PAGE>



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following  discussion and analysis of our financial condition and results of
operations  should be read in  conjunction  with the  Financial  Statements  and
accompanying notes and the other financial  information filed in the Form 10-KSB
for the period ended December 31, 2001.

General

Our business plan for the next twelve months involves the continued operation of
our office  buildings  in Wichita,  Kansas and  Kearns,  Utah  coupled  with our
ongoing attempts to locate and acquire additional commercial office space.

Results of Operations

The Company  recorded  $71,576 and $71,842 in rental  revenues  for the quarters
ended  September  30,  2002 and 2001,  respectively.  While the  addition of the
Kearns  property in the fourth  quarter of 2001 resulted in additional  rents of
approximately  $50,000 per quarter,  vacancies in the Wichita property have more
than offset the Kearns additions in the current quarter.  Since the beginning of
2002,  our  rents   generated  from  the  Wichita   property  have  fallen  from
approximately $23,000 per month to approximately $13,000 per month.

On June 14, 2002 the Company agreed to resolve debts owed to the Company by Axia
Group,  Inc.,  a parent  corporation  to the Company and West Jordan Real Estate
Holdings,  Inc. a subsidiary of Axia Group as well.  The terms of the settlement
are that the Company  agreed to accept  restricted  shares of Axia  Group,  Inc.
common stock valued at 50% of the lowest bid price in  settlement  of a total of
$68,253.54 in debts owed to the Company by the named companies. The total number
of shares of Axia common stock to be  delivered  to the Company  pursuant to the
agreement to settle these debts has been calculated to be 1,365,070 shares.  The
transaction was approved by all members of the board of directors.

Income / Losses

Net loss for the quarter ended September 30, 2002, was $23,725 compared to a net
loss of $28,791 for the quarter  ended  September  30, 2001.  The reason for the
change  in net  loss  is due to the  addition  of  interest  expenses  from  the
financing  obtained on the Wichita  building and the Kearns building not present
in the  previous  year  coupled  with the  increase in overhead  related to loan
renegotiations.

Net loss for the nine months ended September 30, 2002, was $89,892 compared to a
net loss of $18,312 for the nine months ended September 30, 2001. The losses are
attributable  to a  decrease  in  occupancy  rates and the  additional  interest
expenses from the financing  obtained on the Wichita building not present in the
previous   year  coupled   with  the  increase  in  overhead   related  to  loan
renegotiations.

Expenses

General and  administrative  expenses  along with costs  associated  with rental
revenue for the quarter  ended  September 30, 2002,  were  $106,670  compared to
$72,871 for the comparable  period in 2001.  This increase in expenses  resulted
from costs related to  renegotiating  the Kearns  Development  property loans of
approximately $5,000. Note that in the current year there are two buildings, the
Kearns  building  and the  Wichita  building  being  operated as compared to the
Wichita building alone in the previous year.

General and administrative expenses and costs associated with rental revenue for
the nine months ended September 30, 2002, were $236,761 compared to $237,297 for
the comparable period in 2001.


                                        9

<PAGE>



The Company had $7,456 in depreciation and amortization  expense for the quarter
ended September 30, 2002, and $3,664 for the comparable period in 2001.

Impact of Inflation

The Company  believes  that  inflation  may have a  negligible  effect on future
operations.  The  Company  believes  that it may be able to offset  inflationary
increases  in the cost of sales by  increasing  sales  and  improving  operating
efficiencies.

Liquidity and Capital Resources

The  Company's  had a net working  capital  deficit of 547,410 on September  30,
2002,  compared to a working  capital  deficit of $497,416 at December 31, 2001.
The decrease is due to the mortgage on the Kearns  building  becoming due within
the next twelve  months.  The Company  plans to  refinance  the mortgage on this
building within the current quarter.

Cash flow used in  operating  activities  were  $26,302  for the  quarter  ended
September 30, 2002, and $412,674 for the comparable period in 2001.

Cash flow  used by  investing  activities  was  $25,346  for the  quarter  ended
September 30, 2002, and $146,725 for the comparable period in 2001.

Cash flow  used in  financing  activities  was  $15,773  for the  quarter  ended
September 30, 2002,  compared to cash flow generated by financing  activities of
$267,196 for the  comparable  period in 2001.  The decrease was due to a lack of
proceeds from long term debt financing and a lack of issuances of stock for debt
settlement and securities purchases.

Expected Cash Requirements

On September 30, 2002, we had $127,535 in cash on hand. One of our subsidiaries,
Kearns Development, had a mortgage note that came due on June 28, 2002. The note
with Brighton Bank was  refinanced on July 11, 2002, for two years in the amount
of $619,000,  however such loan may be called by the bank at any time. The terms
of the note extension provide for interest at 9% per annum, a monthly payment of
$5,631.80  with a final  payment due on July 12,  2004 of $601,757  and that the
Company  establish a money market account with the bank in the sum of $50,000 to
serve as collateral for the loan.

Efforts  to  refinance  the note  with a  longer  term  are  proceeding.  We are
attempting  to  refinance  the note with a 15 year  amortization  at  prevailing
rates,  however  there can be no guarantee  that we will be  successful  in such
efforts.  There can be no guarantee  that operating  costs will remain  constant
through the end of the year 2002.

In the event we acquire additional rental properties during the coming year, our
cash  requirements to fund operations  could increase.  While we have no present
intention  to raise  equity  capital for  operations  in the next  twelve  month
period, the acquisition of, or opportunity to acquire additional commercial real
estate could create a need to raise additional capital.

Product Research and Development

We do not plan to conduct any significant research or development  activities in
the coming twelve month period.




                                       10

<PAGE>



Expected Purchase or Sale of Plant and Equipment

We have no current  plan for the purchase of any  specific  additional  plant or
equipment.   However,   we  are  investigating  the  feasibility  of  purchasing
additional  commercial real estate. We are using the services of a licensed real
estate broker to suggest  potential  properties for our  consideration.  We have
investigated a number of potential properties and are continuing to consider the
purchase of additional office properties.

Expected Changes in Number of Employees

We currently  have one  part-time  employee,  Edward T. Wells.  The Trade Center
Building is currently managed by a resident property  management company and the
Kearns  building is being managed by a subsidiary of Nexia  Holdings,  Inc., our
parent  corporation.  We do not expect to hire any  additional  employees in the
coming twelve month period.

Appointment of Director

On April 10,  2002,  the Board of Directors  appointed  Richard D. Surber to the
board as a director and additionally  appointed him as a  vice-president  of the
Company.  Mr.  Surber  is  currently  the  President  of  the  Company's  parent
corporations Nexia Holdings Inc. and Axia Group, Inc.

                                     PART II

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

(a)      Exhibits Exhibits required to be attached by Item 601 of Regulation S-B
         are listed in the Index to Exhibits on page 12 of this Form 10-QSB, and
         are incorporated herein by this reference.

(b)      Reports on Form 8-K.  No reports on Form 8-K were filed during the
         period covered by this Form 10-QSB.


                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed  on its  behalf  by the  undersigned,  hereunto  duly
authorized, this 19th day of November, 2002.

WICHITA DEVELOPMENT CORPORATION.



 /s/ Edward T. Wells                    Date: November 19 , 2002
-----------------------
Edward T. Wells
President and Director





                                       11

<PAGE>



CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Edward T. Wells, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Wichita Development
     Corporation, Inc.;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material  respects the financial  condition,  the results of operations and
     cash flows of Wichita  Development  Corporation as of, and for, the periods
     presented in this quarterly report.

4.   I am responsible for  establishing  and maintaining  internal  controls and
     procedures  (as defined in Exchange Act Rules 13a-14 and 15d-14) for Golden
     Opportunity Development Corporation and have:

     (a)  designed such internal controls and procedures to ensure that material
          information  relating to Golden Opportunity  Development  Corporation,
          including its consolidated subsidiaries, is made known to us by others
          within those  entities,  particularly  during the period in which this
          quarterly report is being prepared;

     (b)  evaluated  the   effectiveness  of  Golden   Opportunity   Development
          Corporation's  internal controls and procedures as of a date within 90
          days  prior  to  the  filing  date  of  this  quarterly   report  (the
          "Evaluation Date"); and

     (c)  presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the internal  controls and  procedures  based on our
          evaluation as of the Evaluation Date;

5.   I  have  disclosed,   based  on  my  most  recent  evaluation,  to  Wichita
     Development  Corporation's  auditors  and the audit  committee  of  Wichita
     Development  Corporation's  board of directors (or persons  performing  the
     equivalent functions):

     (a)  all  significant  deficiencies  in the design or operation of internal
          controls   which   could   adversely   affect   Wichita    Development
          Corporation's  ability  to  record,  process,   summarize  and  report
          financial   data  and  have   identified   for   Wichita   Development
          Corporation's  auditors any material  weaknesses in internal controls;
          and

     (b)  Any fraud, whether or not material,  that involves management or other
          employees  who  have  a  significant   role  in  Wichita   Development
          Corporation's internal controls; and

6.   I have  indicated in this quarterly  report whether there were  significant
     changes in internal  controls or in other factors that could  significantly
     affect internal controls  subsequent to the date of our recent  evaluation,
     including any corrective  actions with regard to  significant  deficiencies
     and material weaknesses.

Date: November 19, 2002

 /s/ Edward T.Wells
-------------------------------------
Edward T. Wells
Wichita Development Corporation, Chief Executive Officer

                                       12

<PAGE>





                                INDEX TO EXHIBITS

EXHIBIT           PAGE
NO.               NO.               DESCRIPTION

3(i)              *                 Articles of Incorporation of the Company
                                    (incorporated herein by reference from
                                    Exhibit No. 3(i) of the Company's Form 10-SB
                                    as filed with the Securities and Exchange
                                    Commission on February 8, 2000).

3(ii)             *                 Bylaws of the Company, as amended
                                    (incorporated herein by reference from
                                    Exhibit 3(ii) of the Company's Form 10-SB as
                                    filed with the Securities and Exchange
                                    Commission on February 8, 2000).

                                    Material Contracts

10(i)             14                Change in Terms Agreement, Brighton Bank
                                    and the Company to extend term of a mortgage
                                    note in the sum of $619,995.31 through July
                                    12, 2004 at 9% interest.














                  [THIS SPACE HAS BEEN LEFT BLANK INTENTIONALLY









                                       13

<PAGE>



                            CHANGE IN TERMS AGREEMENT

Borrower:  Kearns Development Corporation, previously    Lender:  Brighton Bank
           known as Cyberstudio, Inc.                         City Center Office
           286 West 400 South, Ste. 300                   311 South State Street
           Salt Lake City, Utah 84101                   Salt Lake City, UT 84111

--------------------------------------------------------------------------------


Principal Amount: $619,995.31             Interest Rate: 9.000%
Date of Agreement: July 11, 2002

FOR VALUABLE  CONSIDERATION,  Lender and Borrower agree to the following changes
in Borrower's obligation:

DESCRIPTION OF EXISTING INDEBTEDNESS. Promissory Note dated November 29, 2000 in
the principal amount of $625,000.00 maturing on December 2, 2001.

DESCRIPTION  OF  COLLATERAL.  Deed of Trust dated  November 29, 2000 on property
located  at 4115 West Sams  Boulevard,  Kearns,  Utah  84118 and  Assignment  of
Deposit Account dated November 29, 2000.

DESCRIPTION  OF CHANGE IN TERMS.  The maturity date is changed to July 12, 2004,
the rate is changed  from a fixed rate of 9.25% to a fixed rate of 9.00% and the
balance in the Money Market Account  #61-90848-9 will be increased to $50,000.00
with a minimum balance of $20,000.00 to remain permanently as collateral.

PROMISE TO PAY. Kearns Development  Corporation previously known as Cyberstudio,
Inc.  ("Borrower")  promises to pay to BRIGHTON BANK  ("Lender"),  or order,  in
lawful  money of the  United  States of  America,  the  principal  amount of Six
Hundred   Nineteen   Thousand   Nin  Hundred   Ninety-five   &  31/100   Dollars
($619,995.31),  together  with  interest  at the rate of 9.00%  per annum on the
unpaid principal balance from July 12, 2002, until paid in full.

PAYMENT.  Borrower  will  pay  this  loan  on  demand.  Payment  in  full is due
immediately upon Lender's demand.  If no demand is made,  Borrower will pay this
loan in 23 regular  payments of $5,631.80  each and one  irregular  last payment
estimated at $601,757.15.  Borrower's  first payment id due August 12, 2002, and
all  subsequent  payments  are due on the same  day of each  month  after  that.
Borrower's  final  payment  will be due on July  12,  2004,  and will be for all
principal and all accrued interest not yet paid.  Payments include principal and
interest.  Interest on this Agreement is computed on a 365/360  simple  interest
basis; that is, by applying the ratio of the annual interest rate over a year of
360 days,  multiplied by the outstanding  principal  balance,  multiplied by the
actual number of days the principal  balance is  outstanding.  Borrower will pay
Lender at Lender's  address shown above or at such place as Lender may designate
in writing.

PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges
are earned  fully as of the date of the loan will not be subject to refund  upon
early payment (whether voluntary or as a result of default), except as otherwise
required by law. Except for the foregoing,  Borrower may pay without penalty all
or a portion of the amount owed earlier than it is due. Early payments will not,
unless agreed to by Lender in writing, relieve Borrower of Borrower's obligation
to continue to make payments under the payment schedule.  Rather, early payments
will reduce the principal  balance due and may result in Borrower's making fewer
payments.  Borrower  agrees not to send Lender  payments  marker "paid in full",
"without  recourse",  or similar  language.  If  Borrower  sends such a payment,
Lender may accept it without losing any of Lender's rights under this Agreement,
and Borrower will remain obligated to pay any further amount owed to Lender. All
written communication concerning disputed amounts,  including any check or other
payment instrument that indicates that the payment constitutes "payment in full"
of the amount owed or that is tendered with other  conditions or  limitations or
as full  satisfaction  of a  disputed  amount  must be mailed or  delivered  to:
BRIGHTON BANK, 7101 South Highland Drive, Salt Lake, UT 84121.

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LATE  CHARGE.  If a payment  is 10 days or more late,  Borrower  will be charged
5.000% of the regularly scheduled payment or $25.00, whichever is greater.

INTEREST  AFTER  DEFAULT.  Upon  default,  including  failure  to pay upon final
maturity,  Lender,  at its  option,  may, if  permitted  under  applicable  law,
increase  the interest  rate on this  Agreement  2.000  percentage  points.  The
interest rate will not exceed the maximum rate permitted by applicable law.

LENDER'S RIGHTS.  Upon Lender's demand,  Lender may declare the entire principal
balance on this Agreement and all accrued unpaid interest  immediately  due, and
then Borrower will pay that amount.

ATTORNEY'S FEES;  EXPENSES.  Lender may hire or pay someone else to help collect
this  Agreement if Borrower does not pay.  Borrower will pay Lender that amount.
This includes,  subject to any limits under applicable law, Lender's  reasonable
attorneys' fees and Lender's legal expenses,  whether or not there is a lawsuit,
including without  limitation all reasonable  attorneys' fees and legal expenses
for bankruptcy  proceedings (including efforts to modify or vacate any automatic
stay or injunction),  and appeals. If not prohibited by applicable law, Borrower
will pay any court costs, in addition to all other sums provided by law.

JURY WAIVER. Lender and Borrower hereby waive the right to any jury trial in any
action, proceeding, or counterclaim brought by either Lender or Borrower against
the other.

GOVERNING  LAW. This  Agreement  will be governed by,  construed and enforced in
accordance  with federal law and the laws of the State of Utah.  This  Agreement
has been accepted by Lender in the State of Utah.

DISHONORED  ITEM FEE.  Borrower  will pay a fee to Lender of $20.00 if  Borrower
makes a payment on Borrower's  loan and the check or  preauthorized  charge with
which Borrower pays is later dishonored.

RIGHT OF SETOFF.  To the extent  permitted by applicable  law, Lender reserves a
right of  setoff in all  Borrower's  accounts  with  Lender  (whether  checking,
savings,  os some other  account).  This  includes all accounts  Borrower  holds
jointly  with  someone  else and all  accounts  Borrower may open in the future.
However,  this does not include any IRA or Keogh accounts, or any trust accounts
for which setoff would be prohibited by law. Borrower  authorizes Lender, to the
extent  permitted by  applicable  law, to charge or setoff all sums owing on the
indebtedness  against any and all such  accounts,  and, at Lender's  option,  to
administratively  freeze all such  accounts to allow Lender to protect  Lender's
charge and setoff rights provided in this paragraph.

COLLATERAL.  Borrower  acknowledges  this  Agreement is secured by Deed of Trust
dated November 29, 2000 on property located at 4115 West Sams Boulevard, Kearns,
Utah 84118 and a Assignment of Deposit Account dated December 28, 2001 (Brighton
Bank Money Market Account $61-90848-9 for $20,000.00).

CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of
the original  obligations,  including all  agreements  evidenced or securing the
obligation(s),  remain unchanged and in full force and effect. Consent by Lender
to this Agreement  does not waive  Lender's  right to strict  performance of the
obligation(s)  as  changed,  nor  obligate  Lender to make any future  change in
terms.  Nothing  in  this  Agreement  will  constitute  a  satisfaction  of  the
obligation(s).  It is the  intention  of lender to retain as liable  parties all
makers and  endorsers of the  original  obligation(s),  including  accommodation
parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this
Agreement.  If any person who signed the original  obligation does not sign this
Agreement below,  then all persons signing below acknowledge that this Agreement
is  given  conditionally,  based  on  the  representation  to  Lender  that  the
non-signing  party  consents to the changes and  provisions of this Agreement or
otherwise  will not be  released  by it.  This  waiver  applies  not only to any
initial  extension,  modification  or release,  but also to all such  subsequent
actions.


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FINANCIAL  STATEMENTS.  Borrower  will furnish  Lender with a Balance  Sheet and
Income  Statement  as of the  end of each  fiscal  year,  as soon as it  becomes
available,  but in no event  later  than  sixty  (60) days after the end of that
fiscal year.

MONEY MARKET  ACCOUNT.  The borrower may use up to $30,000.00 of the  $50,000.00
from the Brighton Bank Money Market Account  #61-90848-9  during the term of the
loan. $20,000 in account #61- 90848-9 will be permanent collateral.

PRIOR NOTE. a Promissory Note dated November 29, 2000 from Cyberstudio,  Inc. to
Brighton Bank.

SUCCESSORS AND ASSIGNS.  Subject to any limitations  stated in this Agreement on
transfer of Borrower's interest,  this Agreement shall be binding upon and inure
to the benefit of the parties, their successors and assigns. If ownership of the
Collateral becomes vested in persons other than Borrower, Lender, without notice
to  Borrower,  may  deal  with  Borrower's  successors  with  reference  to this
Agreement  and the  Indebtedness  by way of  forbearance  or  extension  without
releasing Borrower from the obligations of this Agreement or liability under the
Indebtedness.

NOTIFY US OF INACCURATE  INFORMATION WE REPORT TO CONSUMER  REPORTING  AGENCIES.
Please notify us if we report any inaccurate  information  about your account(s)
to a consumer  reporting  agency.  Your written  notice  describing the specific
inaccuracy(ies)  should be sent to us at the  following  address:  Brighton Bank
7101 South Highland Drive Salt Lake, UT 84121.

MISCELLANEOUS PROVISIONS.  Lender may delay or forgo enforcing any of its rights
or remedies  under this Agreement  without  losing them.  Borrower and any other
person who signs,  guarantees or endorses this Agreement,  to the extent allowed
by law, waive presentment,  demand for payment, and notice of dishonor. Upon any
change in the terms of this Agreement,  and unless otherwise expressly stated in
writing,  no party  who  signs  this  Agreement,  whether  as  maker,  guaranty,
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 loan or release any party or guarantor or collateral; or impair, fail
to realize upon or perfect  Lender's  security  interest in the collateral;  and
take any other  action  deemed  necessary  by Lender  without  the consent of or
notice to anyone.  All such  parties also agree that Lender may modify this loan
without  the  consent of or notice to anyone  other than the party with whom the
modification  is made.  The  obligations  under  this  Agreement  are  joint and
several.

FINAL AGREEMENT.  Borrower  understands that this Agreement and the related loan
documents are the final expression of the agreement  between Lender and Borrower
and may not be contradicted by evidence of any alleged oral agreement.

PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS
OF THIS AGREEMENT, BORROWER AGREES TO THE TERMS OF THE AGREEMENT.

CIT SIGNERS:

KEARNS DEVELOPMENT CORPORATION PREVIOUSLY KNOWN AS CYBERSTUDIO, INC.

By:    /s/ Richard D. Surber
       -------------------------
         Richard D. Surber, President of Kearns Development Corporation
         previously known as Cyberstudio, Inc.

LENDER:

BRIGHTON BANK
    /s/ Authorized signer
   ----------------------
   Authorized Signer

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CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

         In connection with the Quarterly Report of Wichita Development
         Corporation (the" Company") on Form 10-QSB for the period ending June
         30, 2002 as filed with the Securities and Exchange Commission on the
         date hereof (the"Report"), I, Edward T. Wells, sole Executive Officer
         of the Company, certify, pursuant to 18 U.S.C. S 1350, as adopted
         pursuant to S 906 of the Sarbanes-Oxley Act of 2002, that:

               (1) The Report complies with the requirements of section 13(a) or
               15(d) of the Securities Exchange Act of 1934; and

               (2) The  financial  information  contained  in the Report  fairly
               presents,  in all material respects,  the financial condition and
               result of operations of the Company.


           /s/ Edward T.Wells
         ---------------------------------
         Edward T. Wells
         Sole Executive Officer
         November 19, 2002









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