Document:

EXHIBIT 10.2

                                 PROMISSORY NOTE

$350,000.00                                               As of October 27, 2006

      FOR VALUE RECEIVED,  and intending to be legally bound, GIANT MOTORSPORTS,
INC., a Nevada  corporation,  having an address at 13134 State Route 62,  Salem,
Ohio 44460 (the "Maker"), hereby unconditionally and irrevocably promises to pay
to the order of RUSSELL A.  HAEHN,  having an address at 13134  State  Route 62,
Salem,  Ohio  44460  (the  "Payee"),  in lawful  money of the  United  States of
America,  the sum of Three Hundred Fifty Thousand Dollars ($350,000) upon demand
of Payee, which demand may be made in whole or in part at any time after October
26, 2007 (the "Maturity Date").

      Interest  shall  accrue  on the  outstanding  principal  balance  of  this
Promissory  Note on the basis of a 360-day  year daily from the date of issuance
until paid in full at the rate of six percent  (6%) per annum,  and shall be due
and payable at the Maturity Date, or the prepayment  date, if any,  whichever is
earlier.  This Promissory Note may be prepaid in whole or in part at any time or
from time to time prior to the Maturity Date, without penalty or premium.

      For purposes of this Promissory Note, an "Event of Default" shall occur if
the Maker shall:  (i) fail to pay the entire principal amount of this Promissory
Note when due and payable, (ii) admit in writing its inability to pay any of its
monetary obligations under this Promissory Note, (iii) make a general assignment
of its assets for the benefit of creditors,  or (iv) allow any  proceeding to be
instituted  by or against it seeking  relief  from or by  creditors,  including,
without limitation, any bankruptcy proceedings.

      In the event that an Event of Default has occurred, the Payee or any other
holder of this Promissory Note may, by notice to the Maker,  declare this entire
Promissory  Note  to  be  forthwith   immediately   due  and  payable,   without
presentment,  demand,  protest or further  notice of any kind,  all of which are
hereby  expressly  waived by the  Maker.  In the event  that an Event of Default
consisting of a voluntary or involuntary  bankruptcy  filing has occurred,  then
this entire Promissory Note shall  automatically  become due and payable without
any notice or other action by Payee.

      The  nonexercise  or  delay  by the  Payee  or any  other  holder  of this
Promissory Note of any of its rights hereunder in any particular  instance shall
not constitute a waiver thereof in that or any subsequent instance. No waiver of
any right  shall be  effective  unless in writing  signed by the  Payee,  and no
waiver on one (1) or more occasions shall be conclusive as a bar to or waiver of
any right on any other occasion.

      Should any part of the  indebtedness  evidenced hereby be collected by law
or through an attorney-at-law,  the Payee or any other holder of this Promissory
Note shall,  if  permitted  by  applicable  law, be entitled to collect from the
Maker  all  reasonable  costs  of  collection,  including,  without  limitation,
attorneys' fees.

<PAGE>

      All notices and other  communications must be in writing to the address of
the party set forth in the first  paragraph  hereof  and shall be deemed to have
been received when  delivered  personally  (which shall include via an overnight
courier service) or, if mailed, three (3) business days after having been mailed
by registered or certified mail, return receipt requested,  postage prepaid. The
parties may designate by notice to each other any new address for the purpose of
this Promissory Note.

      Maker hereby forever waives presentment,  demand, presentment for payment,
protest,  notice of protest,  and notice of dishonor of this Promissory Note and
all other  demands  and notices in  connection  with the  delivery,  acceptance,
performance and enforcement of this Promissory Note.

      This  Promissory  Note shall be binding upon the successors and assigns of
the  Maker,  and  shall be  binding  upon,  and  inure to the  benefit  of,  the
successors and assigns of the Payee.

      This Promissory Note shall be governed by and construed in accordance with
the internal laws of the State of Ohio.

            IN  WITNESS  WHEREOF,   the  undersigned  Maker  has  executed  this
Promissory Note as of the 27th day of October 2006.

                                        MAKER:

                                        GIANT MOTORSPORTS, INC.

                                        By: /s/ Gregory A. Haehn
                                            ------------------------------------
                                              Name:  Gregory A. Haehn
                                              Title: President

                                       2EXHIBIT
      10-11

    

    FIRST
      AMENDMENT TO LOAN AND SECURITY AGREEMENT

    

    THIS
      FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (the “Amendment”) is executed and
      entered into this 28th day of June, 2006 by and between CTI Industries
      Corporation, an Illinois corporation and CTI Helium, Inc. (collectively the
      “Borrower”) and Charter One Bank, N.A., a national banking association (“Bank”)
      and amends, as of the date hereof, the Loan and Security Agreement between
      the
      parties dated February 1, 2006 (the “Loan Agreement”). Capitalized terms used
      herein without definition shall have the meanings ascribed to them in the Loan
      Agreement.

    

    For
      and
      in consideration of the mutual covenants and agreements set forth herein, and
      other good and valuable consideration, the receipt and sufficiency of which
      is
      hereby acknowledged, the Loan Agreement is hereby amended as
      follows:

    

    1. In
      Section
      1.1
      of the
      Loan Agreement the definition for “Revolving Loan Excess Availability” shall be
      deleted in its entirety.

    

    2. The
      definition of “Applicable Margin” in Section
      1.1
      Loan
      Agreement shall be amended in it entirety to read as follows:

    

    “Applicable
      Margin”
shall
      mean the rate per annum added to the Base Rate to determine the Revolving
      Interest Rate, Term Interest Rate and Mortgage Rate, as determined by the ratio
      of Senior Debt to consolidated EBITDA of the Borrower and its Subsidiaries
      for
      the twelve month period ending as of the end of the prior fiscal quarter,
      effective as of any Interest Rate Change Date, as set forth below:

    

      
        	
                Ratio
                  of Senior Debt to EBITDA

              	 	
                Applicable
                  Margin

              	 
	
                Greater
                  than or equal to 4.50 to 1.00

              	 	 	
                1.00

              	
                %

              
	 	 	 	 	 
	
                Greater
                  than or equal to 4.00 to 1.00; less than 4.50 to 1.00

              	 	 	
                0.75

              	
                %

              
	 	 	 	 	 
	
                Greater
                  than or equal to 3.50 to 1.00; less than 4.00 to 1.00

              	 	 	
                0.50

              	
                %

              
	 	 	 	 	 
	
                Greater
                  than or equal to 2.75 to 1.00; less than 3.50 to 1.00

              	 	 	
                0.25

              	
                %

              
	 	 	 	 	 
	
                Less
                  than 2.75 to 1.00

              	 	 	
                0.00

              	
                %

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3. The
      definition of “Letter of Credit Rate” in Section
      1.1
      of the
      Loan Agreement shall be amended in its entirety to read as follows:

    

    “Letter
      of Credit Rate”
shall
      mean the per annum rate as determined by the ratio of the Senior Debt to the
      consolidated EBITDA of the Borrower and its Subsidiaries for the twelve month
      period ending as to the end of the fiscal quarter most recently ended at the
      time of the issuance of a Letter of Credit, as set forth below:

     

    
      
        	
                Ratio
                  of Senior Debt to EBITDA

              	 	
                Letter
                  of Credit Rate

              	 
	
                Greater
                  than or equal to 4.00 to 1.00

              	 	 	
                2.25

              	
                %

              
	 	 	 	 	 
	
                Greater
                  than or equal to 3.50 to 1.00; less than 4.00 t0 1.00

              	 	 	
                2.00

              	
                %

              
	 	 	 	 	 
	
                Greater
                  than or equal to 2.75 to 1.00; less than 3.50 to 1.00

              	 	 	
                1.75

              	
                %

              
	 	 	 	 	 
	
                Greater
                  than or equal to 2.00 to 1.00; less than 2.75 to 1.00

              	 	 	
                1.50

              	
                %

              
	 	 	 	 	 
	
                Less
                  than 2.00 to 1.00

              	 	 	
                1.25

              	
                %

              

      

    

     

    4. The
      definition of “Non-Utilization Fee Rate” in Section
      1.1
      of the
      Loan Agreement shall be amended in its entirety to read as follows:

    

    “Non-Utilization
      Fee Rate”
shall
      mean the per annum rate as determined by the ratio of the Senior Debt to the
      consolidated EBITDA of the Borrower and its Subsidiaries for the twelve month
      period ending as of the end of the prior fiscal quarter, as set forth
      below:

    

    

      
        	
                Ratio
                  of Senior Debt to EBITDA

              	 	
                Non-Utilization
                  Fee Rate

              	 
	
                Greater
                  than or equal to 4.00 to 1.00

              	 	 	
                0.25

              	
                %

              
	 	 	 	 	 
	
                Greater
                  than or equal to 2.75 to 1.00; less than 4.00 to 1.00

              	 	 	
                0.15

              	
                %

              
	 	 	 	 	 
	
                Less
                  than 2.75 to 1.00

              	 	 	
                0.10

              	
                %

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

    

    5. Section
      2.1(a)
      of the
      Loan Agreement shall be amended in its entirety to read as follows:

    

    (a) Revolving
      Loan Commitment.
      Subject
      to the terms and conditions of this Agreement and the other Loan Documents,
      and
      in reliance upon the representations and warranties of the Borrower set forth
      herein and in the other Loan Documents, the Bank agrees to make such Revolving
      Loans at such times as the Borrower may from time to time request until, but
      not
      including, the Revolving Loan Maturity Date, and in such amounts as the Borrower
      may from time to time request, provided, however, that the aggregate principal
      balance of all Revolving Loans outstanding at any time shall not exceed the
      Revolving Loan Availability. Revolving Loans made by the Bank may be repaid
      and,
      subject to the terms and conditions hereof, borrowed again up to, but not
      including the Revolving Loan Maturity Date unless the Revolving Loans are
      otherwise accelerated, terminated or extended as provided in this Agreement.
      The
      Revolving Loans shall be used by the Borrower for the purposes of refinancing
      existing indebtedness with Cole Taylor Bank, funding working capital and for
      general corporate purposes.

    

    6. Section
      2.1(c)(i)
      of the
      Loan Agreement shall be amended in its entirety to read as follows:

    

    (i) Revolving
      Loan Maturity Payments.
      All
      Revolving Loans hereunder shall be repaid by the Borrower on the Revolving
      Loan
      Maturity Date, unless payable sooner pursuant to the provisions of this
      Agreement. In the event the aggregate outstanding principal balance of all
      Revolving Loan Obligations hereunder exceeds the Revolving Loan Availability,
      the Borrower shall, without notice or demand of any kind, immediately make
      such
      repayments of the Revolving Loans or take such other actions as are satisfactory
      to the Bank as shall be necessary to eliminate such excess.

    

    7. Section
      10.3
      of the
      Loan Agreement shall be amended in its entirety to read as follows:

    

    10.3 Senior
      Debt to EBITDA.
      As of
      the end of each of its fiscal quarters set forth below, the Borrower and its
      Subsidiaries shall maintain a ratio of (a) consolidated Senior Debt; to (b)
      consolidated EBITDA for the twelve month period ending on the last day of such
      fiscal quarter, plus,
      for the
      twelve month period ending on June 30, 2006 only, an add-back adjustment of
      $388,000, plus
      for the
      twelve month period ending on September 30, 2006 only, an add-back adjustment
      of
      $194,000, of not greater than the following:

     

    
      
        	
                Computation
                  Period Ending

              	 	
                Senior
                  Debt to EBITDA

              	 
	
                June
                  30, 2006

              	 	 	
                3.75
                  to 1.00

              	 
	 	 	 	 	 
	
                September
                  30, 2006

              	 	 	
                3.50
                  to 1.00

              	 
	 	 	 	 	 
	
                December
                  31, 2006

              	 	 	
                3.25
                  to 1.00

              	 
	 	 	 	 	 
	
                March
                  31, 2007

              	 	 	
                3.25
                  to 1.00

              	 
	 	 	 	 	 
	
                June
                  30, 2007 and thereafter

              	 	 	
                3.00
                  to 1.00

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    8. Section
      10.4
      of the
      Loan Agreement shall be amended in its entirety to read as follows:

    

    10.4 Fixed
      Charge Coverage.
      As of
      the end of each fiscal quarter, the Borrower and its Subsidiaries shall maintain
      a ratio of (a) the total for the Computation Period (as defined below) ending
      on
      the last day of such fiscal quarter of EBITDA minus
      the sum
      of all income taxes paid in cash by the Borrower and its Subsidiaries and all
      Capital Expenditures which are not financed with Funded Debt, to (b) the sum
      for
      such Computation Period of (i) Interest Charges plus
      (ii)
      required payments of principal of Borrower’s Funded Debt (including the Term
      Loan and Mortgage Loan, but excluding the Revolving Loans) for such period,
      of
      not less than 1.15 to 1.00. The “Computation Period” as used herein shall mean
      six months for the quarter ending June 30, 2006, nine months for the quarter
      ending September 30, 2006 and twelve months thereafter.

    

    9. In
      order
      to induce the Bank to execute and deliver this Amendment, the Borrower hereby
      represents to the Bank: (a) that immediately after giving effect to this
      Amendment, each of the representations and warranties by Borrower set forth
      in
Section
      7
      of the
      Loan Agreement (except those representations that relate expressly to an earlier
      date) are and shall be true and correct; and (b) that Borrower is and shall
      be
      in full compliance with the terms of the Loan Agreement as so amended and that
      no Event of Default shall be continuing or shall result after giving effect
      to
      this Amendment.

    

    10. The
      effectiveness of this Amendment is subject to satisfaction of all of the
      following conditions:

    

    (a) The
      receipt by Bank of evidence satisfactory to it of the existence of the insurance
      required to be maintained by Borrower pursuant to Section 8.6 of the Loan
      Agreement, together with evidence that the Bank has been named as a lender’s
      loss payee and as an additional insured on all related insurance
      policies.

    

    (b) The
      payment by Borrower of all outstanding fees and costs of Bank relating to the
      Loan Agreement and this Amendment, including all legal fees;

    

    (c) The
      receipt by Bank of a Reaffirmation of Guaranty from each of the Guarantors,
      in
      form and substance acceptable to the Bank;

    

    (d) The
      receipt by Bank of resolutions of the Board of Directors of the Borrower,
      authorizing the execution of this Amendment; and

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (e) The
      receipt by Bank of such other certificates, schedules, information or documents
      as Bank shall request.

    

    11. To
      the
      extent the terms of this Amendment conflict with the terms of the Loan
      Agreement, the terms hereof shall be controlling. Except as specifically amended
      hereby, the Loan Agreement shall remain unchanged and in full force and effect.
      The Loan Agreement, as amended hereby, and all rights and powers created thereby
      and thereunder are in all respects ratified and confirmed. This Amendment may
      be
      executed in any number of counterparts and by different parties hereto on
      separate counterparts and each such counterpart shall be deemed an original,
      but
      all such counterparts together shall constitute but one and the same Amendment.
      This Amendment shall be binding upon and inure to the benefit of the Bank and
      the Borrower, and their respective successors and assigns. This Amendment shall
      be governed by and construed in accordance with the laws of the State of
      Illinois.

     

    IN
      WITNESS WHEREOF the parties hereto have caused this Amendment to be duly
      executed and delivered by their duly authorized officers as of the date first
      set forth above.

     

    
      	CTI Helium, Inc.	 	CTI Industries
              Corporation
	 	 	 	 	 
	By:     	/s/ Stephen
              M. Merrick	 	By:  	/s/ Stephen
              M. Merrick
	
              
                

              

              Title: 
                Executive Vice President

            	 	
              
                

              

              Title: Executive Vice
                President

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Charter
      One Bank, N.A.

     

    
      	 	 	 
	 	By:  	/s/ Erica
              Scully
	 	
              
                

              

              Title:  Vice
                President

            

    

     

    [First
      Amendment to Loan and Security Agreement]

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