Document:

<PAGE>   1
                                                                   EXHIBIT 10.11

<TABLE>
<S>                                  <C>                        <C>                       <C>
                                                         BORROWER

                                     THIRTEEN LINE, INC.

     FIRSTATE BANK OF COLORADO                                                            VARIABLE RATE COMMERCIAL
        11210 HURON STREET                                                                    PROMISSORY NOTE
       NORTHGLENN, CO 80234                              ADDRESS
          (303) 451-1010
             "LENDER"                3883 RUFFIN RD STE A
                                     SAN DIEGO, CA 92123

                                     TELEPHONE NO.              IDENTIFICATION NO.
                                                                   84-1408682
</TABLE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
OFFICER INITIALS    INTEREST RATE      PRINCIPAL        FUNDING         MATURITY         CUSTOMER           LOAN
                                        AMOUNT            DATE            DATE            NUMBER           NUMBER
----------------------------------------------------------------------------------------------------------------------
<S>                 <C>              <C>                <C>             <C>              <C>             <C>
       GP             VARIABLE       $1,003,599.59      06/24/99        07/03/04                         05-0171021
----------------------------------------------------------------------------------------------------------------------
</TABLE>

                                 PROMISE TO PAY

For value received, Borrower promises to pay to the order of Lender indicated
above the principal amount of ONE MILLION THREE THOUSAND FIVE HUNDRED
NINETY-NINE AND 59/100 dollars ($1,003,599.59) plus interest on the unpaid
principal balance at the rate and in the manner described below. All amounts
received by Lender shall be applied first to late payment charges and expenses
then to accrued interest, and then to principal.

INTEREST RATE: This Note has a variable interest rate feature. Interest on the
Note may change from time to time if the Index Rate identified below changes.
Interest shall be computed on the basis of 360 days and the actual number of
days per year. Interest on this Note shall be calculated at a variable rate
equal to ONE AND 750/1000 percent (1.750%) per annum over the Index Rate. The
initial Index Rate is SEVEN AND 750/100 percent (7.750%) per annum. Therefore,
the initial interest rate on this Note shall be NINE AND 500/1000 (9.500 %) per
annum. Any change in the interest rate resulting from a change in the Index Rate
will be effective on THE ANNIVERSARY DATE OF NOTE, ADJUSTING EVER YEAR BEGINNING
JUNE 24, 2000.

INDEX RATE: The Index Rate for this Note shall be: PRIME RATE AS PUBLISHED IN
THE WALL STREET JOURNAL

MINIMUM RATE/MAXIMUM RATE: The minimum interest rate on this Note shall be n/a
percent (n/a%) per annum. The maximum interest rate on this Note shall not
exceed TWENTY-ONE AND NO/100 percent (21.000%) per annum or the maximum interest
rate Lender is permitted to charge by law, whichever is less.

DEFAULT RATE: In the event of any default under this Note, the Lender may in its
discretion, determine that all amounts owed to Lender shall bear interest at the
lesser of: EIGHTEEN PERCENT (18.000%) or the maximum interest rate Lender is
permitted to charge by law.

PAYMENT SCHEDULE: Borrower shall pay the principal and interest according to the
following schedule:

         59 PAYMENTS OF $9,470.64 BEGINNING AUGUST 3, 1999 AND CONTINUING AT
         MONTHLY TIME INTERVALS THEREAFTER. A FINAL PAYMENT OF THE UNPAID
         PRINCIPAL BALANCE PLUS ACCRUED INTEREST IS DUE AND PAYABLE ON JULY 3,
         2004. IF THE INTEREST RATE CHANGES, THE PAYMENT AMOUNTS MAY CHANGE IN
         AN AMOUNT SUFFICIENT TO REPAY THE UNPAID PRINCIPAL OVER THE SCHEDULED
         AMORTIZATION TERM. NEW PAYMENTS BEGIN WITH THE FIRST PAYMENT AFTER THE
         INTEREST RATE CHANGES.

All payments will be made to Lender at its address described above and in lawful
currency of the United States of America.

RENEWAL: If checked, [X] this Note is a renewal of Loan Number 05-160906

<PAGE>   2

SECURITY: To secure the payment and performance of obligations incurred under
this Note, Borrower grants Lender a security interest in, and pledges and
assigns to Lender all of Borrower's rights, title, and interest, in all monies,
instruments, savings, checking and other deposit accounts of Borrower's,
(excluding IRA, Keogh and trust accounts and deposits subject to tax penalties
if so assigned) that are now or in the future in Lender's custody or control.
Upon default, and to the extent permitted by applicable law, Lender may exercise
its security interest in all such property which shall be in addition to
Lender's common law right of setoff. [X] If checked, the obligations under this
Note are also secured by a lien and/or security interest in the property
described in the documents executed in connection with this Note as well as any
other property designated as security now or in the future.

PREPAYMENT: This Note may be prepaid in part or in full on or before its
maturity date. If this Note contains more than one installment, all prepayments
will be credited as determined by Lender and as permitted by law. If this Note
is prepaid in full, there will be [X] No minimum finance charge or prepayment
penalty. [ ] A minimum finance charge of $___________. [ ] A prepayment penalty
of ________% of the principal prepaid.

LATE PAYMENT CHARGE: If a payment is received more than 10 days late, Borrower
will be charged a late payment charge of 15.00 or 5.000% of the payment amount,
whichever is [ ] greater [X] less, as permitted by law.

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

BORROWER ACKNOWLEDGES THAT BORROWER HAS READ, UNDERSTANDS, AND AGREES TO THE
TERMS AND CONDITIONS OF THIS NOTE INCLUDING THE PROVISIONS ON THE REVERSE SIDE.
BORROWER ACKNOWLEDGES RECEIPT OF AN EXACT COPY OF THIS NOTE.

NOTE DATE: JUNE 24, 1999

BORROWER: THIRTEEN LINE, INC.           BORROWER:

  /s/ Charles Crosse
------------------------------------    ------------------------------------
CHARLES CROSSE
SENIOR VICE PRESIDENT

BORROWER:                               BORROWER:

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

BORROWER:                               BORROWER:

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

BORROWER: THIRTEEN LINE, INC.           BORROWER:

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

<PAGE>   3

                              TERMS AND CONDITIONS

1. DEFAULT: Borrower will be in default under this Note in the event that
Borrower or any guarantor.

         (a)      falls to make any payment on this Note or any other
                  indebtedness to under when due,

         (b)      fails to perform any obligation or breaches any warranty or
                  covenant to Lender contained in this Note or any other present
                  or future written agreement regarding this of any indebtedness
                  of Borrower to Lender;

         (c)      provides or causes any false or misleading signature or
                  representation to be provided to Lender;

         (d)      allows the collateral securing this Note (if any) to be lost,
                  stolen, destroyed, damaged in any material respect, or
                  subjected to seizure or confiscation;

         (e)      permits the entry or service of any garnishment, judgment, tax
                  levy, attachment or lien against Borrower, any guarantor, or
                  any of their property,

         (f)      dies, becomes legally incompetent, is dissolved or terminated,
                  ceases to operate its business, becomes insolvent, makes an
                  assignment for the benefit of creditors, or becomes the
                  subject of any bankruptcy, insolvency or debtor rehabilitation
                  proceeding; or

         (g)      causes Lender to deem itself insecure for any reason, or
                  Lender, for any reason, in good faith deems itself insecure.

2. RIGHTS OF LENDER ON DEFAULT: If there is a default under this Note, Lender
will be entitled to exercise one or more of the following remedies without
notice or demand (except as required by law):

         (a)      to declare the principal amount plus accrued interest under
                  this Note and all other present and future obligations of
                  Borrower immediately due and payable in full;

         (b)      to collect the outstanding obligations of Borrower with or
                  without resorting to judicial process;

         (c)      to take possession of any collateral in any manner permitted
                  by law;

         (d)      to require Borrower to deliver and make available to Lender
                  any collateral at a place reasonably convenient to Borrower
                  and Lender;

         (e)      to sell, lease or otherwise dispose of any collateral and
                  collect any deficiency balance with or without resorting to
                  legal process;

         (f)      to setoff Borrower's obligations against any amounts due to
                  Borrower including, but not limited to monies, instruments,
                  and deposit accounts maintained with Lender; and

         (g)      to exercise all other rights available to Lender under any
                  other written agreement or applicable law.

Lender's rights are cumulative and may be exercised together, separately, and in
any order. Lender's remedies under this paragraph are in addition to those
available at common law, such as the right of set-off.

3. DEMAND FEATURE-. If this Note contains a demand feature, then notwithstanding
anything to the contrary contained in this Note, Lender's rights with respect to
the events of default identified above shall not be limited, restricted,
impaired or otherwise adversely affected by the demand feature of this Note.
Lender's right to demand payment, at any time, and from time to time, shall be
in Lender's sole and absolute discretion, whether or not any default has
occurred.

4. FINANCIAL INFORMATION: Borrower will provide Lander with current financial
statements and other financial information including, but not limited to,
balance sheets and profit and loss statements) upon request,

5. MODIFICATION AND WAVER: The modification or waiver of any of Borrower's
obligations or Lender's rights under this Note must be contained in a writing
signed by Lender. Lender may perform any of Borrower's obligations or delay or
fail to exercise any of its rights without causing a waiver of those obligations
or rights. A waiver on one occasion will not constitute a waiver an any other
occasion. Borrower's obligations under this Note shall not be affected if Lender
amends, compromises, exchanges, fails to exercise, impairs or releases any of
the obligations belonging to any co-borrower or guarantor or any of its rights
against any co-borrower, guarantor or collateral.

<PAGE>   4

6. SEVERABILITY AND INTEREST LIMITATION: If any provision of this Note violates
the law or is unenforceable, the rest of the Note will remain valid.
Notwithstanding anything contained in this Note to the contrary, in no event
shall interest accrue under this Note, before or after maturity, at a rate in
excess of the highest rate permitted by applicable law, and if interest
(including any charge or fee held to be interest by a court of competent
jurisdiction) in excess thereof be paid, any excess shall constitute a payment
at, and be applied to, the principal balance hereof, and if the principal
balance has been fully paid, then such interest shall be repaid to the Borrower.

7. ASSIGNMENT: Borrower will not be entitled to assign any of its rights,
remedies or obligations described in this Note without the prior written consent
of Lender which may be withheld by Lender in its sole discretion. Lender will be
entitled to assign some or all of its rights and remedies described in this Note
without notice to or the prior consent of Borrower in any manner.

8. NOTICE: My notice or other communication to be provided to Borrower or Lender
under this Note shall be in writing and sent to the parties at the addresses
described in this Note or such other address as the parties may designate in
writing from time to time.

9. APPLICABLE LAW: This Note shall be governed by the laws of the state
indicated in Lender's address. Borrower consents to the jurisdiction and venue
of any court located in the state indicated in Lender's address. In the event of
any legal proceeding pertaining to the negotiation, execution, performance or
enforcement of any term or condition contained in this Note or any related loan
document and agrees not to commence or seek to remove such legal proceeding in
or to a different court.

10. COLLECTION COSTS: If Lender hires an attorney to assist in collecting any
amount due or enforcing any right or remedy under this Note, Borrower agrees to
pay Lender's attorney's fees, to the extent permitted by applicable law, and
collection costs.

11. MISCELLANEOUS: This Note is being executed for commercial/agricultural
purposes. Borrower and Lender agree that time is of the essence. Borrower waives
presentment, demand for payment, notice of dishonor and protest. Borrower hereby
waives any right to trial by jury in any civil action arising out of, or based
upon, this Note or the collateral securing this Note. If Lender obtains a
judgment for any amount due under this Note, interest will accrue on the
judgment at the Default Rate described in this Note. All references to Borrower
in this Note shall include all of the parties signing this Note. If there is
more than one Borrower, their obligations will be joint and several. This Note
and any related documents represent the complete and integrated understanding
between Borrower and Lender pertaining to the terms and conditions of those
documents.

12. ADDITIONAL TERMS:

<PAGE>   5

FIRSTATE BANK OF COLORADO
11210 HURON STREET
NORTHGLENN, CO 80234
(303) 451-1010
"LENDER"

                              COMMERCIAL CONTINUING
                                    GUARANTY

<TABLE>
<S>                    <C>                  <C>                     <C>
GUARANTOR                                   BORROWER

DAVID ALTOMARE                              THIRTEEN LINE, INC.

ADDRESS                                     ADDRESS

3883 RUFFIN RD, STE A                       3883 RUFFIN RD, STE A
SAN DIEGO, CA 92123                         SAN DIEGO, CA 92123

TELEPHONE NO.          IDENTIFICATION NO.   TELEPHONE NO.           IDENTIFICATION NO.
                          ###-##-####                                  84-1408682
</TABLE>

1. CONSIDERATION. This Guaranty is being executed to induce Lender indicated
above to enter into one or more loans or other financial accommodations with or
on behalf of Borrower.

2. GUARANTY. Guarantor hereby unconditionally guarantees the prompt and full
payment and performance of Borrower's present and future, joint and/or several,
direct and indirect, absolute and contingent, express and implied, indebtedness,
liabilities, obligations and covenants (cumulatively "Obligations") to Lender as
follows:

[X]      UNLIMITED: Guarantor's Obligations under this Guaranty shall be
         unlimited and shall include all present or future Obligations between
         Borrower and Lender (whether executed for the same or different
         purposes than the foregoing), together with all interest and all of
         Lender's expenses and costs, incurred in connection with the
         Obligations, including any amendments, extensions, modifications,
         renewals, replacements or substitutions thereto.

[ ]      LIMITED: Guarantor's Obligations under this Guaranty shall include all
         present or future written agreements between Borrower and Lender
         (whether executed for the same or different purposes), but shall be
         limited to the principal amount of ____________________________________
         ____________________ Dollars, together with all interest and all of
         Lender's expenses and costs, incurred in connection with the
         Obligations, including any amendments, extensions, modifications,
         renewals, replacements or substitutions thereto.

[ ]      LIMITED TO THE FOLLOWING DESCRIBED NOTES/AGREEMENTS: Guarantor's
         Obligations under this Guaranty shall be limited to the following
         described promissory notes and agreements between Borrower and Lender,
         together with all interest and all of Lender's expenses and costs,
         incurred in connection with the Obligations, including any amendments,
         extensions, modifications, renewals, replacements or substitutions
         thereto:

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------
   INTEREST       PRINCIPAL AMOUNT/       FUNDING/        MATURITY         CUSTOMER             LOAN
     RATE           CREDIT LIMIT       AGREEMENT DATE       DATE            NUMBER             NUMBER
---------------------------------------------------------------------------------------------------------
<S>               <C>                  <C>                <C>              <C>                 <C>

---------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   6

         3. ABSOLUTE AND CONTINUING NATURE OF GUARANTY. Guarantor's obligations
under this Guaranty are absolute and continuing and shall not be affected or
impaired if Lender amends, renews, extends, compromises, exchanges, fails to
exercise, impairs or releases any of the obligations belonging to any Borrower,
Co-guarantor or third party or any of Lender's rights against any Borrower,
Co-guarantor, third party, or collateral, In addition, Guarantor's Obligations
under this Guaranty shall not be affected or impaired by the death,
incompetency, termination, dissolution, insolvency, business cessation, or other
financial deterioration of any Borrower, Guarantor, or third party.

         4. DIRECT AND UNCONDITIONAL NATURE OF GUARANTY. Guarantor's Obligations
under this Guaranty are direct and unconditional and may be enforced without
requiring Lender to exercise, enforce, or exhaust any right or remedy against
any Borrower, Co-guarantor, third party, or collateral.

         5. WAIVER OF NOTICE. Guarantor hereby waives notice of the acceptance
of this Guaranty; notice of present and future extensions of credit and other
financial accommodations by Lender to any Borrower; notice of presentment for
payment, demand, protest, dishonor, default, and nonpayment pertaining to the
Obligations and this Guaranty and all other notices and demands pertaining to
the Obligations and this Guaranty as permitted by law.

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

GUARANTOR ACKNOWLEDGES GUARANTOR HAS READ, UNDERSTANDS, AND AGREES TO THE TERMS
AND CONDITIONS OF THIS AGREEMENT INCLUDING THE TERMS AND CONDITIONS ON THE
REVERSE SIDE. GUARANTOR HAS EXECUTED THIS AGREEMENT WITH THE INTENT TO BE
LEGALLY BOUND. GUARANTOR ACKNOWLEDGES RECEIPT OF AN EXACT COPY OF THIS
AGREEMENT.

DATED: JUNE 24, 1999

GUARANTOR: DAVID ALTOMARE               GUARANTOR:

/s/ DAVID ALTOMARE
-------------------------------------   -------------------------------------
DAVID ALTOMARE

GUARANTOR:                              GUARANTOR.

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

<PAGE>   7

         6. DEFAULT. Guarantor shall be in default of this Guaranty in the event
that any Borrower or Guarantor:

         (a)      fails to pay any amount under this Guaranty or any other
                  Indebtedness to Lender when due (whether such amount is due by
                  acceleration or otherwise),

         (b)      fails to perform any obligation or breaches any warranty or
                  covenant to Lender contained in this Guaranty or any other
                  present or future written agreement;

         (c)      provides or causes any false or misleading signature or
                  representation to be provided to Lender;

         (d)      allows any collateral for the Obligations or this Guaranty to
                  be destroyed, lost or stolen, or damaged in any material
                  respect;

         (e)      permits the entry or service of any garnishment, judgment, tax
                  levy, attachment or lien against Borrower, Guarantor, or any
                  of their property;

         (f)      dies, becomes legally incompetent, is dissolved or terminated,
                  ceases to operate its business, becomes insolvent, makes an
                  assignment for the benefit of creditors, or becomes the
                  subject of any bankruptcy, insolvency or debtor rehabilitation
                  proceeding; or

         (g)      causes Lender to deem itself insecure in good faith for any
                  reason.

         7. RIGHTS OF LENDER ON DEFAULT. If there is a default under this
Guaranty, Lender shall be entitled to exercise one or more of the following
remedies without notice or demand (except as required by law).

         (a)      to declare Guarantor's Obligations under this Guaranty
                  immediately due and payable in full;

         (b)      to collect the outstanding obligations under this Guaranty
                  with or without resorting to judicial process;

         (c)      to set-off Guarantor's Obligations under this Guaranty against
                  any amounts due to Guarantor including, but not limited to,
                  monies, instruments, and deposit accounts maintained with
                  Lender; and

         (d)      to exercise all other rights available to Lender under any
                  other written agreement or applicable law. Lender's rights are
                  cumulative and may be exercised together, separately, and in
                  any order.

         8. SUBORDINATION. The payment of any present or future indebtedness of
Borrower to Guarantor will be postponed and subordinated to the payment in full
of any present or future indebtedness of Borrower to Lender during the term of
this Agreement. In the event that Guarantor receives any monies, instruments or
other remittances to be applied against Borrower's obligations to Guarantor,
Guarantor will hold these funds in trust for Lender and immediately endorse or
assign (if necessary) and deliver these monies, instruments and other
remittances to Lender. Guarantor agrees that Lender shall be preferred to
Guarantor in any assignment for the benefit of Borrower's creditors in any
bankruptcy, insolvency, liquidation, or reorganization proceeding commenced by
or against Borrower in any federal or state court.

         9. INDEPENDENT INVESTIGATION. Guarantor's execution and delivery to
Lender of this Guaranty is based solely upon Guarantor's independent
investigation of Borrower's financial condition and not upon any written or oral
representation of Lender in any manner. Guarantor assumes full responsibility
for obtaining any additional information regarding Borrower's financial
condition and Lender shall not be required to furnish Guarantor with any
information of any kind regarding Borrower's financial condition.

         10. ACCEPTANCE OF RISKS. Guarantor acknowledges the absolute and
continuing nature of this Guaranty and voluntarily accepts the full range of
risks associated herewith including, but not limited to, the risk that
Borrower's financial condition shall deteriorate or, if this Guaranty is
unlimited, the risk that Borrower shall incur additional Obligations to Lender
in the future.

         11. SUBROGATION. Guarantor, after performing under this Guaranty, shall
not be subrogated to any of Lender's rights against any Borrower which presently
is or may become the subject of any bankruptcy proceedings. Under these
circumstances, Guarantor specifically waives any rights and claims as a creditor
of such Borrower's bankruptcy estate. Other than as mentioned above, Guarantor,
after fully performing under this Guaranty, will be subrogated to any of
Lender's rights against any Borrower any other guarantor, any third party or any
collateral which may secure the obligations of any of these parties.

<PAGE>   8

         12. APPLICATION OF PAYMENTS. Lender will be entitled to apply any
payments or other monies received from Borrower, any third party, or any
collateral against Borrower's present and future obligations to Lender in any
order.

         13. ESSENCE OF TIME. Guarantor and Lender agree that time is of the
essence.

         14. TERMINATION. This Guaranty shall remain in full force and effect
until Lender executes and delivers to Guarantor a written release thereof.
Notwithstanding the foregoing, Guarantor shall be entitled to terminate any
unlimited guaranty of Borrower's future Obligations to Lender following any
anniversary of this Guaranty by providing Lender with sixty (60) or more days'
written notice of such termination by hand-delivery or certified mail. Notice
shall be deemed given when received by Lender. Such notice of termination shall
not affect or impair any of the agreements and obligations of the Guarantor
under this Agreement with respect to any of the obligations existing prior to
the time of actual receipt of such notice by Lender, any extensions or renewals
thereof, and any interest on any of the foregoing.

         15. ASSIGNMENT. Guarantor shall not be entitled to assign any of its
rights or obligations described in this Guaranty without Lender's prior written
consent which may be withheld by Lender in its sole discretion. Lender shall be
entitled to assign some or all of its rights and remedies described in this
Guaranty without notice to or the prior consent of Guarantor in any manner.
Unless the Lender shall otherwise consent in writing, the Lender shall have an
unimpaired right prior and superior to that of any assignee, to enforce this
Guaranty for the benefit of the Lender, as to those Obligations that the Lender
has not assigned.

         16. MODIFICATION AND WAIVER. The modification or waiver of any of
Guarantor's obligations or Lender's rights under this Guaranty must be contained
in a writing signed by Lender. Lender may delay in exercising or fail to
exercise any of its rights without causing a waiver of those rights. A waiver on
one occasion shall not constitute a waiver on any other occasion.

         17. SUCCESSORS AND ASSIGNS. This Guaranty shall be binding upon and
inure to the benefit of Guarantor and lender and their respective successors,
assigns, trustees, receivers, administrators, personal representatives,
legatees, and devisees.

         18. NOTICE. Any notice or other communication to be provided under this
Guaranty shall be in writing and sent to the parties at the addresses described
in this Guaranty or such other addresses as the parties may designate in writing
from time to time.

         19. SEVERABILITY. If any provision of this Guaranty violates the law or
is unenforceable, the rest of the Guaranty shall remain valid.

         20. APPLICABLE LAW. This Guaranty shall be governed by the laws of the
state indicated in Lender's address. Guarantor consents to the jurisdiction and
venue of any court located in such state in the event of any legal proceeding
under this Guaranty.

         21. COLLECTION COSTS. If Lender hires an attorney to assist in
collecting any amount due or enforcing any right or remedy under this Guaranty,
Guarantor agrees to pay Lender's attorneys' fees, legal expenses and other costs
as permitted by law.

         22. REPRESENTATIONS OF GUARANTOR. Guarantor acknowledges receipt of
reasonably equivalent value in consideration for the execution of this Guaranty
and represents that, after giving effect to this Guaranty, the fair market value
of Guarantor's assets exceeds Guarantor's total liabilities, including
contingent, subordinate and unliquidated liabilities, that Guarantor has
sufficient cash flow to meet debts as they mature, and that Guarantor does not
have unreasonably small capital.

         23. WAIVER OF JURY TRIAL. LENDER AND GUARANTOR KNOWINGLY, VOLUNTARILY
AND INTENTIONALLY WAIVE THE RIGHT EITHER MAY HAVE TO A TRIAL BY JURY IN RESPECT
TO ANY LITIGATION BASED ON, OR ARISING OUT OF, UNDER OR IN CONJUNCTION WITH THE
PROMISSORY NOTE, THIS AGREEMENT AND ANY OTHER

<PAGE>   9

AGREEMENT CONTEMPLATED TO BE EXECUTED IN CONJUNCTION HEREWITH, OR ANY COURSE OF
CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF
EITHER PARTY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR LENDER MAKING THE LOAN
EVIDENCED BY THE PROMISSORY NOTE.

         24. MISCELLANEOUS. This Guaranty is executed in connection with a
commercial loan. Guarantor will provide Lender with a current financial
statement upon request. All references to Guarantor in this Guaranty shall
include all entities or persons signing this Guaranty, If there is more than one
Guarantor, their obligations shall be joint and several. This Guaranty and any
related documents represent the complete and integrated understanding between
Guarantor and Lender pertaining to the terms and conditions of those documents.

         25. ADDITIONAL TERMS.<PAGE>   1
                                                                   EXHIBIT 10.12

                                                      OMB APPROVED NO. 3245-0201

                       U.S. SMALL BUSINESS ADMINISTRATION
                                      NOTE

                                                              SALT LAKE CITY, UT
                                                              ------------------
                                                               (CITY AND STATE)

                                                      (DATED): NOVEMBER 18, 1997
                                                               -----------------
$370,000

For value received, the undersigned promises to pay to the order of GUARDIAN
STATE BANK at its office in the city of SALT LAKE CITY, state of Utah, or at
holder's option, at such other place as may be designated from time to time by
the holder Three Hundred Seventy Thousand & 00/100 Dollars, with interest on
unpaid principal computed from the date of each advance to the undersigned at
the rate of (initial) 10.500 per cent per annum, payment to be made in
installments as follows:

The first monthly installment shall be due on the first day of the month
following the month in which the Note is executed and shall be due in an amount
equal to the interest accrued from the date of the Note to the date of such
installment. The next five (5) monthly installments shall be due in an amount
equal to the interest accrued from the due date of the previous installment.
Thereafter, monthly installments shall be $3,725.00 (principal and interest)
until such installments are adjusted as provided below. The interest rate shall
be adjusted on the first day of each January, April, July and October by adding
2.00% to the low prime rate as printed in the Wall Street Journal. Each time the
interest rate changes, the monthly installment shall be changed as follows: 1)
if the Note is current, the installment amount shall be adjusted to an amount
necessary to provide that the outstanding balance of the Note as of the date of
the interest rate adjustment, including accrued interest and deferred payments,
will be fully paid in equal monthly installments at the new interest rate by the
maturity date in effect at the time of the interest rate change, or 2) if any
amounts outstanding on the Note are past due, the installment amount shall be
adjusted in an amount necessary to provide that all amounts not past due as of
the date of the interest rate adjustment, including current accrued interest and
deferred payments, will be fully paid in equal monthly installments at the new
interest rate by the maturity date in effect at the time of the interest rate
change. Lender shall notify Borrower of any changes in the interest rate within
thirty days of the effective date thereof. All installments shall be due on the
1st (first) day of each month from the date of the Note until TWENTY (20) years
from the date of the Note, at which time the ENTIRE BALANCE of both principal
and interest then outstanding shall be due and payable.

Borrower shall provide lender with written notice of intent to prepay part or
all of this loan at least three (3) weeks prior to the anticipated prepayment
date. A prepayment is any payment made ahead of schedule that exceeds twenty
(20) percent of the then outstanding principal balance. If borrower makes a
prepayment and fails to give at least three weeks advance notice of intent to
prepay, then, notwithstanding any other provision to the contrary to this note
or other document, borrower shall be required to pay lender three weeks interest
on the unpaid principal as of the date preceding such prepayment.

If this Note contains a fluctuating interest rate, the notice provision is not a
precondition for fluctuation (which shall take place regardless of notice).
Payment of any installment of principal or interest owing on this Note may be
made prior to the maturity date thereof without penalty.

Borrower shall provide lender with written notice of intent to prepay part or
all of this loan at least three (3) weeks prior to the anticipated prepayment
date. A prepayment is any payment made ahead of schedule that exceeds twenty
(20) percent of the then outstanding principal balance. If borrower makes a
prepayment and fails to give at least three weeks advance notice of intent to
prepay, then notwithstanding any other provision to the contrary in this Note or
any other document, borrower shall be required to pay lender three weeks
interest on the unpaid principal as of the date preceding such prepayment.

The term "Indebtedness" as used herein shall mean the indebtedness evidenced by
this Note, including principal, interest, and expenses, whether contingent, now
due, or hereafter to become due, and whether heretofore or

<PAGE>   2

contemporaneously herewith or hereafter contracted. The term "Collateral" as
used in this Note shall mean any funds, guaranties, or other property or rights
therein of any nature whatsoever or the proceeds thereof which may have been,
are, or hereafter may be, hypothecated, directly or indirectly by the
undersigned or others, in connection with, or as security for, the Indebtedness
or any part thereof. The Collateral, and each part thereof, shall secure the
Indebtedness and each part thereof. The covenants and conditions set forth or
referred to in any and all instruments of hypothecation constituting the
Collateral are hereby incorporated in this Note as covenants and conditions of
the undersigned with the same force and effect as though such covenants and
conditions were fully set forth herein.

The Indebtedness shall immediately become due and payable, without notice or
demand, upon the appointment of a receiver or liquidator, whether voluntary or
involuntary, for the undersigned or for any of its property, upon the filing of
a petition by or against the undersigned under the provisions of any state
insolvency law or under the provisions of the Bankruptcy Reform Act of 1978, as
amended, or upon the making by the undersigned of an assignment for the benefit
of its creditors. Holder is authorized to declare all or any part of the
Indebtedness immediately due and payable upon the happening any of the following
events: (1) Failure to pay any part of the Indebtedness when due, (2) non
performance by the undersigned of any agreement with, or any condition imposed
by, Holder or Small Business Administration (hereinafter called "SBA"), with
respect to the Indebtedness; (3) Holder's discovery of the undersigned's failure
in any application of the undersigned to Holder or SBA to disclose any fact
deemed by Holder to be material or of the making therein or in any of the said
agreements, or in any affidavit or other documents submitted in connection with
said application or the Indebtedness, of any misrepresentation by, on behalf of,
or for the benefit of the undersigned; (4) the reorganization (other than
reorganization pursuant to any of the provisions of the Bankruptcy Reform Act of
1978, as amended) or merger or consolidation of the undersigned (or the making
of any agreement therefore) without the prior written consent of Holder; (5) the
undersigned' failure duly to account, to Holder's satisfaction, at such time or
times as Holder may require, for any of the Collateral, or proceeds thereof,
coming into the control of the undersigned; or (6) the institution of any suit
affecting the undersigned deemed by Holder to affect adversely its interest
hereunder in the Collateral or otherwise. Holder's failure to exercise its
rights under this paragraph shall not constitute a waiver thereof.

Upon the nonpayment of the Indebtedness, or any part thereof, when due, whether
by acceleration or otherwise, Holder is empowered to sell, assign, and deliver
the whole or any part of the Collateral at public or private sale, without
demand, advertisement, or notice of the time or place of sale or of any
adjournment thereof, which are hereby expressly waived. After deducting all
expenses incidental to or arising from such sale or sales, Holder may apply the
residue of the proceeds thereof to the payment of the Indebtedness, as it shall
deem proper, returning the excess, if any, to the undersigned. The undersigned
hereby waives all right of redemption or appraisement whether before or after
the sale.

Holder is further empowered to collect or cause to be collected or otherwise
converted into money all or any part of the Collateral, by ?? or otherwise, and
to surrender, compromise, release, renew, extend, or substitute any item of the
Collateral in transactions with the undersigned or any third party, irrespective
of any assignment thereof by the undersigned, and without prior notice to or
consent of the undersigned or any assignee. Whenever any item of the Collateral
shall not be paid when due, or otherwise shall be in default, whether or not the
Indebtedness, or any part thereof, has become due, Holder shall have the same
rights and powers with respect to such item of the Collateral as are granted in
this paragraph in case of nonpayment of the Indebtedness, or any part thereof,
when due. None of the rights, remedies, privileges, or powers of Holder
expressly provided for herein shall be exclusive, but each of them shall be
cumulative with and in addition to every other right, remedy, privilege , and
power now or hereafter existing in favor of Holder, whether at law or equity, by
statute or otherwise.

The undersigned agree to take all necessary steps to administer, supervise,
preserve, and protect the Collateral, and regardless of any action taken by
Holder, there shall be no duty upon Holder in this respect. The undersigned
shall pay all expenses of any nature, whether incurred to or out of court, and
whether incurred before or after this Note shall become due at the maturity date
or otherwise, including but not limited to reasonable attorney's fees and costs,
which Holder may deem necessary or proper in connection with the satisfaction of
the Indebtedness or the administration, supervision, preservation, protection of
(including, but not limited to, the maintenance of adequate insurance) or the
realization upon the Collateral. Holder is authorized to pay at any time and
from time to time any or all of such expenses, add the amount of such payment to
the amount of the Indebtedness, and charge interest thereon at the rate
specified herein with respect to the principal amount of this Note.

<PAGE>   3

The security rights of Holder and its assigns hereunder shall not be impaired by
Holder's sale, hypothecation, rehypothecation of any note of the undersigned or
any item of the Collateral, or by any indulgence, including but not limited to
(a) any renewal, extension, or modification which Holder may grant with respect
to the Indebtedness or any part thereof, or (b) any surrender, compromise,
release, removal, extension, exchange or substitution which Holder may grant in
respect of the Collateral, or (c) any indulgence granted in respect of any
endorser, guarantor, or surety. The purchaser, assignee, transferee, or pledgee
of this Note, the Collateral, and guaranty, and any other document (or any of
them), sold, assigned, transferred, pledged, or repledged, shall forthwith
become vested with and entitled to exercise all powers and rights given by this
NOT and all applications of the undersigned to Holder or SBA, as if said
purchaser, assignee, transferee, or pledgee were originally named as payee in
this Not and in said application or applications.

This promissory note is given to secure a loan which SBA is making or in which
it is participating and, pursuant to Part 101 of the Rules and Regulations of
SBA (13 C.F.R. 101.1(d)), this instrument is construed and (when SBA is the
Holder or a party to interest) enforced in accordance with applicable federal
law.

LATE CHARGE AGREEMENT. An exhibit, titled "LATE CHARGE AGREEMENT," is attached
to this Note and by this reference is made a part of the Note just as if all the
provisions, terms and conditions had been fully set forth in this Note.

                                       THE GUARANTEED PORTION OF THE
                                       OUTSTANDING PRINCIPLE BALANCE OF THIS
                                       NOTE HAS BEEN TRANSFERRED TO A
                                       REGISTERED HOLDER FOR VALUE

BORROWER:

FIFTEEN-LINE, INC. dba OGDEN INDOOR SOCCER

By: /s/ Gaylen B. Jorgensen                       /s/
    ------------------------------                ------------------------------
    GAYLEN B. JORGENSEN, PRESIDENT                GUARDIAN STATE BANK EXECUTIVE
                                                  VICE PRESIDENT

                                                                 11/18/97
                                                                 --------
                                                                   DATE

SBA FORM 147 (8-87) PREVIOUS EDITIONS OBSOLETE

Note. -- Corporate applicants must execute Note, in corporate name, by duly
authorized officer, and seal must be affixed and duly attested; partnership
applicants must execute Note in firm name, together with signature of general
partner

<PAGE>   4

                                                      OMB Approval No. 3245-0201
                                                      Expiration Date:  11-30-90

                                                                 SBA LOAN NUMBER
                                                               GP 1645624006 SLC

                       SMALL BUSINESS ADMINISTRATION (SBA)

                                    GUARANTY

         In order to induce GUARDIAN STATE BANK, (hereinafter called "Lender")
to make a loan or loans, or renewal or extension thereof, to FIFTEEN-LINE, INC.
dba OGDEN INDOOR SOCCER (hereinafter called "Debtor"), the Undersigned hereby
unconditionally guarantees to Lender, its successors and assigns, the due and
punctual payment when due, whether by acceleration or otherwise, in accordance
with the terms thereof, of the principal of and interest on and all other sums
payable, or stated to be payable, with respect to the note of the Debtor, made
by the Debtor to Lender, dated 11/18/97 in the principal amount of $370,000.00,
with interest at the rate of (Initial) 10.500 percent per annum. Such note, and
the interest thereon and all other sums payable with respect thereto are
hereinafter collectively called "Liabilities." As security for the performance
of this guaranty the Undersigned hereby mortgages, pledges, assigns, transfers,
and delivers to Lender certain collateral (if any), listed in the schedule at
the end hereof. The term "collateral" as used herein shall mean any funds,
guaranties, agreements, or other property or rights or interests of any nature
whatsoever, or the proceeds thereof, which may have been, are, or hereafter may
be, mortgaged, pledged, assigned, transferred or delivered directly or
indirectly by or on behalf of the Debtor or the Undersigned or any other party
to Lender or to the holder of the aforesaid note of the Debtor, or which may
have been, are, or hereafter may be held by any party as trustee or otherwise,
as security, whether immediate or underlying, for the performance of this
guaranty or the payment of the Liabilities or any of them or any security
therefor.

         The Undersigned waives any notice of the incurring by the Debtor at any
time of any of the Liabilities, and waives any and all presentment, demand,
protest, or notice of dishonor, nonpayment, or other default with respect to any
of the Liabilities and any obligation of any party at any time comprised in the
collateral. The Undersigned hereby grants to Lender full power, in its
uncontrolled discretion and without notice to the Undersigned, but subject to
the provisions of any agreement between the Debtor or any other party and Lender
at the time in force, to deal in any manner with the Liabilities and the
collateral, including, but without limiting the generality of the foregoing, the
following powers:

         (a)      To modify or otherwise change any terms of all or any part of
                  the Liabilities or the rate of interest thereon (but not to
                  increase the principal amount of the note of the Debtor to
                  Lender), to grant any extension or renewal thereof and any
                  other indulgence with respect thereto, and to effect any
                  release, compromise, or settlement with respect thereto;

         (b)      To enter into any agreement of forbearance with respect to all
                  or any part of the Liabilities, or with respect to all or any
                  part of the collateral, and to change the terms of any such
                  agreement;

         (c)      To forbear from calling for additional collateral to secure
                  any of the Liabilities or to secure any obligation comprised
                  in the collateral;

         (d)      To consent to the substitution, exchange, or release of all or
                  any part of the collateral, whether or not the collateral, if
                  any, received by Lender upon any such substitution, exchange,
                  or release shall be of the same or of a different character or
                  value than the collateral surrendered by Lender;

         (e)      In the event of the nonpayment when due, whether by
                  acceleration or otherwise, of any of the Liabilities, or in
                  the event of default in the performance of any obligation
                  comprised in the collateral, to realize on the collateral or
                  any part thereof, as a whole or in such parcels or subdivided
                  interests as Lender may elect, at any public or private sale
                  or sales, for cash or on credit or for future delivery,
                  without demand, advertisement, or notice of the time or place
                  of sale or any adjournment thereof (the
<PAGE>   5

                  Undersigned hereby waiving any such demand, advertisement and
                  notice to the extent permitted by law), or by foreclosure or
                  otherwise, or to forbear from realizing thereon, all as Lender
                  in its uncontrolled discretion may deem proper, and to
                  purchase all or any part of the collateral for its own account
                  at any such sale or foreclosure, such powers to be exercised
                  only to the extent permitted by law.

         The obligations of the Undersigned hereunder shall not be released,
discharged or in any way affected, nor shall the Undersigned have any rights or
recourse against Lender, by reason of any action Lender may take or omit to take
under the foregoing powers.

         In case the Debtor shall fail to pay all or any part of the Liabilities
when due, whether by acceleration or otherwise, according to the terms of said
note, the Undersigned, immediately upon the written demand of Lender, will pay
to Lender the amount due and unpaid by the Debtor as aforesaid, in like manner
as if such amount constituted the direct and primary obligation of the
Undersigned. Lender shall not be required, prior to any such demand on, or
payment by, the Undersigned, to make any demand upon or pursue or exhaust any of
its rights or remedies against the Debtor or others with respect to the payment
of any of the Liabilities, or to pursue or exhaust any of its rights or remedies
with respect to any part of the collateral. The Undersigned shall have no right
of subrogation whatsoever with respect to the Liabilities or the collateral
unless and until Lender shall have received full payment of all the Liabilities.

         The obligations of the Undersigned hereunder, and the rights of Lender
in the collateral, shall not be released, discharged, or in any way affected,
nor shall the Undersigned have any rights against Lender: by reason of the fact
that any of the collateral may be in default at the time of acceptance thereof
by Lender or later; nor by reason of the fact that a valid lien in any of the
collateral may not be conveyed to, or created in favor of, Lender; nor by reason
of the fact that any of the collateral may be subject to equities or defenses or
claims in favor of others or may be invalid or defective in any way; nor by
reason of the fact that any of the Liabilities may be invalid for any reason
whatsoever; nor by reason of the fact that the value of any of the collateral,
or the financial condition of the Debtor or of any obligor under or guarantor of
any of the collateral, may not have been correctly estimated or may have changed
or may hereafter change; nor by reason of any deterioration, waste, or loss by
fire, theft, or otherwise of any of the collateral, unless such deterioration,
waste, or loss be caused by the willful act or willful failure to act of Lender.

         The Undersigned agrees to furnish Lender, or the holder of the
aforesaid note of the Debtor, upon demand, but not more often than semiannually,
so long as any part of the indebtedness under such note remains unpaid, a
financial statement setting forth, in reasonable detail, the assets,
liabilities, and net worth of the Undersigned.

         The Undersigned acknowledges and understands that if the Small Business
Administration (SBA) enters into, has entered into, or will enter into, a
Guaranty Agreement, with Lender or any other lending institution, guaranteeing a
portion of Debtor's Liabilities, the Undersigned agrees that it is not a
coguarantor with SBA and shall have no right of contribution against SBA. The
Undersigned further agress that all liability hereunder shall continue
notwithstanding payment by SBA under its Guaranty Agreement to the other lending
institution.

         The term "Undersigned" as used in this agreement shall mean the signer
or signers of this agreement, and such signers, if more than one, shall be
jointly and severally liable hereunder. The Undersigned further agrees that all
liability hereunder shall continue notwithstanding the incapacity, lack of
authority, death, or disability of any one or more of the Undersigned, and that
any failure by Lender or its assigns to file or enforce a claim against the
estate of any of the Undersigned shall not operate to release any other of the
Undersigned from liability hereunder. The failure of any other person to sign
this guaranty shall not release or affect the liability of any signer hereof.

<PAGE>   6

THIS GUARANTY IS DATED 11/18/97

GUARANTOR:

x /s/ Gaylen B. Jorgensen
  -----------------------------
  GAYLEN B. JORGENSEN

NOTE.-- Corporate guarantors must execute guaranty in corporate name, by duly
authorized officer, and seal must be affixed and duly attested; partnership
guarantors must execute guaranty in firm name, together with signature of a
general partner. Formally executed guaranty is to be delivered at the time of
disbursement of loan.

                     (LIST COLLATERAL SECURING THE GUARANTY)

<PAGE>   7

                                  SBA GUARANTY
                                                      OMB Approval No. 3245-0201
                                                      Expiration Date:  11-30-90

                                                                 SBA LOAN NUMBER
                                                               GP 1645624006 SLC

                       SMALL BUSINESS ADMINISTRATION (SBA)

                                    GUARANTY

         In order to induce GUARDIAN STATE BANK, (hereinafter called "Lender")
to make a loan or loans, or renewal or extension thereof, to FIFTEEN-LINE, INC.
dba OGDEN INDOOR SOCCER (hereinafter called "Debtor"), the Undersigned hereby
unconditionally guarantees to Lender, its successors and assigns, the due and
punctual payment when due, whether by acceleration or otherwise, in accordance
with the terms thereof, of the principal of and interest on and all other sums
payable, or stated to be payable, with respect to the note of the Debtor, made
by the Debtor to Lender, dated 11/18/1997 in the principal amount of
$370,000.00, with interest at the rate of (Initial) 10.500 percent per annum.
Such note, and the interest thereon and all other sums payable with respect
thereto are hereinafter collectively called "Liabilities." As security for the
performance of this guaranty the Undersigned hereby mortgages, pledges, assigns,
transfers, and delivers to Lender certain collateral (if any), listed in the
schedule at the end hereof. The term "collateral" as used herein shall mean any
funds, guaranties, agreements, or other property or rights or interests of any
nature whatsoever, or the proceeds thereof, which may have been, are, or
hereafter may be, mortgaged, pledged, assigned, transferred or delivered
directly or indirectly by or on behalf of the Debtor or the Undersigned or any
other party to Lender or to the holder of the aforesaid note of the Debtor, or
which may have been, are, or hereafter may be held by any party as trustee or
otherwise, as security, whether immediate or underlying, for the performance of
this guaranty or the payment of the Liabilities or any of them or any security
therefor.

         The Undersigned waives any notice of the incurring by the Debtor at any
time of any of the Liabilities, and waives any and all presentment, demand,
protest, or notice of dishonor, nonpayment, or other default with respect to any
of the Liabilities and any obligation of any party at any time comprised in the
collateral. The Undersigned hereby grants to Lender full power, in its
uncontrolled discretion and without notice to the Undersigned, but subject to
the provisions of any agreement between the Debtor or any other party and Lender
at the time in force, to deal in any manner with the Liabilities and the
collateral, including, but without limiting the generality of the foregoing, the
following powers:

         (a)      To modify or otherwise change any terms of all or any part of
                  the Liabilities or the rate of interest thereon (but not to
                  increase the principal amount of the note of the Debtor to
                  Lender), to grant any extension or renewal thereof and any
                  other indulgence with respect thereto, and to effect any
                  release, compromise, or settlement with respect thereto;

         (b)      To enter into any agreement of forbearance with respect to all
                  or any part of the Liabilities, or with respect to all or any
                  part of the collateral, and to change the terms of any such
                  agreement;

         (c)      To forbear from calling for additional collateral to secure
                  any of the Liabilities or to secure any obligation comprised
                  in the collateral;

         (d)      To consent to the substitution, exchange, or release of all or
                  any part of the collateral, whether or not the collateral, if
                  any, received by Lender upon any such substitution, exchange,
                  or release shall be of the same or of a different character or
                  value than the collateral surrendered by Lender;

         (e)      In the event of the nonpayment when due, whether by
                  acceleration or otherwise, of any of the Liabilities, or in
                  the event of default in the performance of any obligation
                  comprised in the collateral, to realize on the collateral or
                  any part thereof, as a whole or in such parcels or subdivided
                  interests as Lender may elect, at any public or private sale
                  or sales, for cash or on credit or for future delivery,
                  without demand, advertisement, or notice of the time or place
                  of sale or any adjournment thereof (the Undersigned hereby
                  waiving any such demand, advertisement and

<PAGE>   8

                                  SBA GUARANTY
                                  (Continued)
Loan No.                                                                  Page 2

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

                  notice to the extent permitted by law), or by foreclosure or
                  otherwise, or to forbear from realizing thereon, all as Lender
                  in its uncontrolled discretion may deem proper, and to
                  purchase all or any part of the collateral for its own account
                  at any such sale or foreclosure, such powers to be exercised
                  only to the extent permitted by law.

         The obligations of the Undersigned hereunder shall not be released,
discharged or in any way affected, nor shall the Undersigned have any rights or
recourse against Lender, by reason of any action Lender may take or omit to take
under the foregoing powers.

         In case the Debtor shall fail to pay all or any part of the Liabilities
when due, whether by acceleration or otherwise, according to the terms of said
note, the Undersigned, immediately upon the written demand of Lender, will pay
to Lender the amount due and unpaid by the Debtor as aforesaid. in like manner
as if such amount constituted the direct and primary obligation of the
Undersigned. Lender shall not be required, prior to any such demand on, or
payment by, the Undersigned, to make any demand upon or pursue or exhaust any of
its rights or remedies against the Debtor or others with respect to the payment
of any of the Liabilities, or to pursue or exhaust any of its rights or remedies
with respect to any part of the collateral. The Undersigned shall have no right
of subrogation whatsoever with respect to the Liabilities or the collateral
unless and until Lender shall have received full payment of all the Liabilities.

         The obligations of the Undersigned hereunder, and the rights of Lender
in the collateral, shall not be released, discharged, or in any way affected,
nor shall the Undersigned have any rights against Lender: by reason of the fact
that any of the collateral may be in default at the time of acceptance thereof
by Lender or later; nor by reason of the fact that a valid lien in any of the
collateral may not be conveyed to, or created in favor of, Lender; nor by reason
of the fact that any of the collateral may be subject to equities or defenses or
claims in favor of others or may be invalid or defective in any way; nor by
reason of the fact that any of the Liabilities may be invalid for any reason
whatsoever; nor by reason of the fact that the value of any of the collateral,
or the financial condition of the Debtor or of any obligor under or guarantor of
any of the collateral, may not have been correctly estimated or may have changed
or may hereafter change; nor by reason of any deterioration, waste, or loss by
fire, theft, or otherwise of any of the collateral, unless such deterioration,
waste, or loss be caused by the willful act or willful failure to act of Lender.

         The Undersigned agrees to furnish Lender, or the bolder of the
aforesaid note of the Debtor, upon demand, but not more often than semiannually,
so long as any part of the indebtedness under such note remains unpaid, a
financial statement setting forth, in reasonable detail, the assets,
liabilities, and net worth of the Undersigned.

         The Undersigned acknowledges and understands that if the Small Business
Administration (SBA) enters into, has entered into, or will enter into, a
Guaranty Agreement, with Lender or any other lending institution, guaranteeing a
portion of Debtor's Liabilities, the Undersigned agrees that it is not a
coguarantor with SBA and shall have no right of contribution against SBA. The
Undersigned further agrees that all liability hereunder shall continue
notwithstanding payment by SBA under its Guaranty Agreement to the other lending
institution.

         The term "Undersigned" as used in this agreement shall mean the signer
or signers of this agreement, and such signers, if more than one, shall be
jointly and severally liable hereunder. The Undersigned further agrees that all
liability hereunder shall continue notwithstanding the incapacity, lack of
authority, death, or disability of any one or more of the Undersigned, and that
any failure by Lender or its assigns to file or enforce a claim against the
estate of any of the Undersigned shall not operate to release any other of the
Undersigned from liability hereunder. The failure of any other person to sign
this guaranty shall not release or affect the liability of any signer hereof.

<PAGE>   9

                                  SBA GUARANTY
                                  (Continued)
Loan No.                                                                  Page 3

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

THIS GUARANTY IS DATED 11/18/97

GUARANTOR:

x /s/ Michele L. Jorgensen
  -------------------------
  MICHELE L. JORGENSEN

NOTE.-Corporate guarantors must execute guaranty in corporate name, by duly
authorized officer, and seal must be affixed and duly attested; partnership
guarantors must execute guaranty in firm name, together with signature of a
general partner. Formally executed guaranty is to be delivered at the time of
disbursement of loan.

                    (LIST COLLATERAL SECURING THE GUARANTY)
<PAGE>   10

                     (LIST COLLATERAL SECURING THE GUARANTY)
                                  SBA GUARANTY
                                  (Continued)
Loan No.                                                                  Page 4

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

FORM 148 (5-87) REF: SOP 70 50 USE 10-85 EDITION UNTIL EXHAUSTED

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