Document:

EXHIBIT 10.148

                                 PROMISSORY NOTE

$ 125,045.00
Boca Raton, Florida

      FOR VALUE RECEIVED, the undersigned GEORGE DONOVAN, at 2357 NE 30th Court,
Lighthouse Point, Florida 33064 (referred to as "Borrower"), hereby promises to
pay to the order of Bluegreen Corporation, a Massachusetts corporation (referred
to as "Lender") 4960 Conference Way North, Suite 100, Boca Raton, Florida 33431,
or such other party or at such other address as the holder hereof may notify
Borrower of in writing, the principal sum of $125, 045.00 together with interest
thereon, adjusted annually on July 1 to reflect the then current interest rate
which shall be equal to the prime rate of interest as published in the Wall
Street Journal (the "Interest Rate"). Said principal and interest shall be
payable in One Hundred and Thirty (130) equal bi-weekly installments commencing
on August 9, 2002 and shall be paid in lawful money of the United States.

The entire principal sum hereof together with all accrued but unpaid interest
thereon shall be due and payable on July 1, 2007. This Promissory Note may be
prepaid in whole or in part at any time without penalty. Presentment, demand,
protest and notice of dishonor are hereby expressly waived.

The Borrower agrees to pay all fees and similar charges and all costs incurred
by Lender in collecting or securing or attempting to collect or secure the Loan,
including attorneys fees, whether or not involving litigation and/or appellate,
administrative or bankruptcy proceedings. The Borrower agrees to pay any
documentary stamp taxes, intangible taxes or other taxes that may now or
hereafter apply to this Note. The Borrower agree to indemnify and hold Lender
harmless from and against any liability, costs, attorney's fees, penalties,
interest or expenses relating to any such taxes, as and when the same may be
incurred

The term "Lender" shall be deemed to include any subsequent holder(s) of this
Note. The obligations created under this Note shall be binding on the heirs,
successors and or assigns of the undersigned.

This Note and the Mortgage are to be construed and enforced according to the
laws of the State of Florida.

From and after an Event of Default, and regardless of whether Lender elects to
accelerate the maturity of this Note, the entire principal remaining unpaid
hereunder shall bear an augmented annual interest of eighteen (18%) percent per
annum or the highest applicable lawful rate (the "Default Rate"). Failure of
Lender to exercise any and all rights or remedies shall not constitute a waiver
of any such rights or remedies in the event of an

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additional default, whether of the same or different nature. No waiver of any
right or remedy shall be effective as against Lender unless in writing signed by
Lender, nor shall any waiver apply to any future occasion.

In no event shall any agreed or actual exaction changed, reserved or taken as an
advance or forbearance by Lender as consideration for the Loan exceed the limits
(if any) imposed or provided by the law applicable from time to time to the Loan
for the use or detention of money or for forbearance in seeking its collection,
and Lender hereby waives any right to demand such excess. In the event that the
interest provisions of this Note or any exactions provided for in this Note or
any other Loan Document shall result at any time or for any reason in an
effective rate of interest that transcends the maximum interest rate permitted
by applicable law (if any), then without further agreement or notice, the
obligation to be fulfilled shall be automatically reduced to such limit and all
sums received by Lender in excess of those lawfully collectible as interest
shall be applied against the principal of the Loan immediately upon Lender's
receipt thereof, with the same force and effect as though the Borrower had
specifically designated such extra sums to be so applied to principal and Lender
had agreed to accept such extra payment(s) as a premium-free prepayment or
prepayments. During any time that the Loan bears interest at the maximum lawful
rate (whether by application of this paragraph, the default provisions of this
Note, or otherwise), interest shall be computed on the basis of the actual
number of days elapsed and the actual number of days in the respective calendar
year.

      Except as otherwise required by the provisions of this Note or any other
Loan Document, any notice required to be given to any Borrower shall be deemed
sufficient if made personally or if mailed, postage prepaid, to such Borrower's
address as it appears in this Note (or, if none appears, to any address for such
Borrower then registered in Lender's records). Lender may assign all or any part
of Lender's rights under this Note. Lender may disclose to any such assignee any
and all information held by or known to Lender at any time with respect to any
Borrower. All of the terms of this Note shall inure, to the benefit of Lender
and its successors and assigns and shall be binding upon each and every one of
the Borrowers and their respective heirs, executors, administrators, personal
representatives, successors and assigns.

      This Note may not be changed except by an agreement in writing signed by
the party against whom enforcement of any waiver, change, modification or
discharge is sought.

Signed this 1st day of July, 2002 in the presence of:

/s/ John F. Chiste                         /s/ George F. Donovan
----------------------                     --------------------------
WITNESS                                    GEORGE F. DONOVAN

/s/ Rebecca Cheung
----------------------
WITNESSEXHIBIT 10(a)

                              EMPLOYMENT AGREEMENT

      THIS AGREEMENT is made this the 1st day of April, 2002, by and between
Breda Telephone Corp., an Iowa Corporation, hereinafter referred to as "Breda",
and Bob Boeckman, the Chief Operations Officer and Co-Chief Executive Officer,
hereinafter referred to as "Bob".

      WHEREAS, Bob is presently employed by Breda pursuant to an Employment
Agreement dated the 11th day of September, 2001, and

      WHEREAS, the parties hereto desire to terminate that agreement and enter
into a new agreement based on the terms and conditions set forth below.

      NOW, therefore in consideration of the mutual covenants and obligations
hereinafter set forth, the parties agree as follows:

      1. Termination of Old Employment Agreement. The parties hereto agree that
the old Employment Agreement shall be terminated concurrently with the execution
of this agreement and shall be of no further force or effect. The parties hereto
waive and release all rights that they may have under the old Employment
Agreement as of the date hereof.

      2. Employment and Duties. Breda employs Bob in the capacity as Chief
Operations Officer and Co-Chief Executive Officer, subject to the control of the
Board of Directors. Bob shall perform such other and additional duties as shall
be assigned to him from time to time by such Board of Directors.

      3. Compensation. During the term of this agreement, Breda shall pay Bob a
salary and bonus as follows:

            (a)   Salary. Bob's yearly salary shall be $85,000.00, payable in
                  accordance with Breda's regular payroll procedures.

            (b)   Bonus. The system for determining a bonus for Bob has been
                  established by the Board of Directors. A copy of the procedure
                  is attached hereto and marked as "Attachment A", and made a
                  part hereof. The final determination as to the amount of the
                  bonus rests solely in the discretion of the Board of
                  Directors. However, the Board does hereby agree that the
                  methodology and procedures will follow the guidelines as
                  outlined in the "Attachment A".

      4. Other Employee Benefits. Bob shall be entitled to all employee benefits
extended, from time to time, to all full time employees of Breda.

      5. Extent of Service. Bob shall devote his entire attention and energy to
the business and affairs of Breda, and should not be engaged in any other
business activity, whether or not such business activity is a pursuit for gain,
profit or other pecuniary advantage, unless Breda consents to

<PAGE>

Bob's involvement in such business activity. This restriction shall not be
construed as preventing Bob from investing his assets in a form or manner that
would not require Bob's services in the operation of any of the company in which
such investments are made.

      6. Term. The term of this agreement shall begin on the date this document
is executed, and shall terminate on the 1st day of April, 2003.

      7. Termination Without Cause. Breda may terminate this agreement at any
time, without cause, by giving thirty (30) days written notice to Bob. In that
event, if requested by Breda, Bob shall continue to render his services and
shall be paid his regular compensation up to the date of termination. In
addition, Bob shall be paid on the date of termination the severance allowance
equal to the amount remaining to be paid under this contract.

      Bob may terminate this agreement, at any time, by giving sixty (60) days
notice to Breda. In that event, Breda shall pay Bob his compensation up to the
date of termination. Bob shall not be entitled to any severance payment and will
not be considered for any performance upon his voluntary termination.

      8. Termination for Cause. Breda may terminate this agreement for cause
upon five (5) days written notice to Bob stating the reason for said
termination. Matters which would be considered terminable for cause would
include, but not be limited to:

            (a)   Fraud or theft;

            (b)   Falsifying records;

            (c)   Refusal to carry out a specific order of the Board of
                  Directors;

            (d)   Abuse, discrimination, or harassment of another employee;

            (e)   Unauthorized dissemination of records or information;

            (f)   Divulging confidential information;

            (g)   Possession of illegal drugs or weapons while on Breda
                  property;

            (h)   Conviction of a crime, the nature of which would be calculated
                  to render an employee undesirable as a co-manager and
                  detrimental to the best interest of the company; and

            (i)   Using or possessing intoxicants or narcotics of any kind while
                  on company premises or being at work under the influence of
                  such substances.

      9. Illness or disability. If Bob is absent from his employment by reason
of illness or other incapacity for more than twenty-six (26) consecutive weeks,
Breda may, after such twenty-six (26) consecutive weeks, but only if Bob then
fails to return to active employment with Breda, terminate Bob's employment by
furnishing him with notice of termination. Breda shall pay Bob compensation
during any period of illness or incapacity in accordance with Breda's sick pay
policy then in effect.

      10. Death. If Bob's employment terminates by reason of his death, Breda
shall only be obligated to make the payments required under its pension plan.

                                      -2-
<PAGE>

      11. Restrictive Covenants. During the term of this agreement, and for a
period of one (1) year hereafter, Bob shall not, either as an individual or on
his own account, or as a partner, joint venture, employee, agent, officer,
director or shareholder, directly or indirectly (a) enter into or engage in any
business competitive with that of Breda within fifty (50) mile area in which
Breda is then doing business; and (b) solicit or attempt to solicit any of
Breda's customers with the intent or purpose to perform services for such
customers which are the same or similar to those provided to the customer by
Breda, or to sell to such customers goods which are the same or similar to those
provided to customers by Breda.

      12. Confidential Information. Bob acknowledges and agrees that all
information of a technical or business nature, such as know how, trade secrets,
business plans, data, processes, techniques, customer information, inventions,
discoveries and devices, acquired by Bob in the course of his employment under
this agreement, is valuable, proprietary information of Breda. Bob agrees that
such confidential information whether in written, verbal or model form shall not
be disclosed to anyone outside of the employment of Breda, without Breda's
written consent.

      13. Return of Documents. Upon the termination of Bob's employment with or
without cause, Bob shall immediately return and deliver to Breda and shall not
retain any originals or copies of any books, papers, price lists, customer
contacts, bids, customer lists, files, notebooks or any other documents
containing any of the confidential information or otherwise relating to Bob's
performance of duties under this agreement. Bob further acknowledges and agrees
that all such documents are Breda's sole and exclusive property.

      14. Expenses. Bob is authorized to incur only such expenses for promoting
and continuing Breda's business as Breda may from time to time deem reasonable
and appropriate. Breda will reimburse Bob for all such expenses upon Bob's
presentation of receipts and an itemized accounting therefore.

      15. Construction of Agreement. This agreement shall be interpreted,
constructed and governed by and under the laws of the State of Iowa. If any
provision or clause of this agreement or the application thereof to either party
is held to be invalid by a court of competent jurisdiction, then such provision
shall be severed therefrom and such invalidity shall not effect any other
provision of this agreement.

            (a)   In the event that the provisions of paragraph 11 shall ever be
                  deemed to exceed the time or geographical limits permitted by
                  applicable law, then such provision shall be reformed to the
                  maximum time and geographical limits permitted by applicable
                  law.

            (b)   The representations, warranties, covenants and agreements of
                  the parties shall be revived continuously during the Term, or
                  in consideration of the compensation paid to Bob, and shall
                  survive the termination of this agreement.

                                      -3-
<PAGE>

            (c)   This agreement contains the entire agreement between the
                  parties hereto with respect to the subject matter hereof, and
                  there are no understandings, representations or warranties of
                  any kind between the parties except as expressly set forth
                  herein.

            (d)   Neither this agreement nor any right or obligation of Bob
                  hereunder may be assigned by Bob without the prior written
                  consent of Breda.

            (e)   Subject thereto, this agreement and the covenants and
                  conditions herein contained shall enure to the benefit of and
                  shall be binding upon the parties hereto and their respective
                  successors and permitted assigns.

                                            BREDA TELEPHONE CORP.

/s/ Bob Boeckman                            /s/ Dean Schettler
-------------------------                   ------------------------------------
Bob Boeckman                                By Dean Schettler, President

                                      -4-
<PAGE>

                                 "Attachment A"
                            Performance Bonus Rating
                              Calendar Year Results

Title:                    COO / Co-CEO
Period in Review:         April 1, 2002 to March 31, 2003
Eligibility:              COO / Co-CEO on payroll through calendar year 2002
Initial Reviewers:        Board of Directors Compensation Committee
Approval:                 Full Board of Directors
Payout Timing:            Following Annual Stockholders' Meeting

                          Company Performance Measures

Key Stakeholders:

                                            Below      As Expected      Above
                                           (0 pts.)      (1 pts.)      (2 pts.)

      Employees                            ________      ________      ________
      Board of Directors                   ________      ________      ________
      Increase Operating Revenue           ________      ________      ________
      Customer Base                        ________      ________      ________
      Technology                           ________      ________      ________
      Develop I.T.                         ________      ________      ________
      Pursuit of New Products, Services    ________      ________      ________
      and Opportunities

                         Individual Performance Measures

Customer Relationships / Professionalism of Staff:

                                            Below      As Expected      Above
                                           (0 pts.)      (3 pts.)      (6 pts.)

Equal Responsibility of COO / CFO          ________      ________      ________

      a.    Time in office equalized

      b.    Equal use of vacation

      c.    Prioritize time to be more responsive to business and management
            decisions

      d.    Develop COO position to take more responsibility for day-to day
            operation

Total Performance Bonus                   ________      ________      ________
         Max Bonus Potential                 0%            10%           20%

                                      -5-
<PAGE>

Comments:_______________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

Key Manager Annual Performance Bonus recommendation for the year of _________,
by the Compensation Committee Directors (signatures / dates below).

_________________________________             __________________________________

_________________________________             __________________________________

                                      -6-

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