Document:

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                                  EXHIBIT 10.6

                            LETTER OF INTENT BETWEEN

                    SAN DIEGO SOCCER DEVELOPMENT CORPORATION

                                       AND

         PACIFIC CAPITAL RELATIONS FOR PROVISION OF CONSULTING SERVICES

<PAGE>

                                LETTER OF INTENT

Steven Peacock
Chairman of the Board
San Diego Soccer Development Corp.
5222 Balboa Avenue, Suite 24
San Diego, CA  92117

         RE:  LETTER AGREEMENT BETWEEN PCR AND SDSDC

Dear Steve:

This letter agreement, dated this 29th day of September, 2000, and entered
between Pacific Capital Relations, a Nevada corporation and San Diego Soccer
Development Corporation, will memorialize the intent between the parties to
enter into a three-year investor relations and consulting agreement, wherein
Pacific Capital Relations will provide investor relations consulting and
shareholder communication services on behalf of San Diego Soccer Development
Corporation, to commence on or before October 1, 2000 and end on September
30,2003. In return for such services, San Diego Soccer Development Corporation
shall compensate Pacific Capital Relations $7,000 per month for the first
calendar year; $7,600 per month for the second calendar year of the agreement;
and $8,200 per month during the third calendar year of the agreement.

San Diego Soccer Development Corporation agrees to enter into a formal
agreement within the next ten business days. Upon the full execution and
formal commencement of the agreement between the parties, Yan Skwara, formerly
the President and CEO of San Diego Soccer Development Corporation, shall
cancel his previously entered Employment agreement entered on June 1, 2000.
Per the discussion between Yan Skwara, individually, and Steve Peacock, as
Chairman of San Diego Soccer Development Corporation, the majority of the
language and terms contained in Yan Skwara's previous employment contract
shall be applied and set forth in the new agreement between Pacific Capital
Relations and San Diego Soccer Development Corporation.

IT IS SO AGREED:

                     /s/ Yan Skwara
                     ----------------------------------------------------------
                     YAN SKWARA, individually and for Pacific Capital Relations

                     /s/ Sarkis Kaloustian
                     ----------------------------------------------------------
                     SARKIS KALOUSTIAN, for San Diego Soccer Development
                     Corporation<PAGE>

                                  EXHIBIT 10.7

                                 LOAN AGREEMENT

                                     BETWEEN

                    SAN DIEGO SOCCER DEVELOPMENT CORPORATION

                                       AND

                          PEACOCK FINANCIAL CORPORATION

<PAGE>

                           CREDIT LINE LOAN AGREEMENT

THIS CREDIT LINE LOAN AGREEMENT (the "Agreement"), dated as of March 6, 2000, is
made and entered into by and between SAN DIEGO SOCCER DEVELOPMENT CORPORATION, a
California corporation ("Borrower"); and PEACOCK FINANCIAL CORPORATION, a
Colorado corporation ("Lender"), with respect to the following facts:

         A.       Borrower represents that it is a California corporation duly
organized, existing and doing business in the State of California, and is
primarily engaged in the business of owning and/or operating professional soccer
teams, which currently include the San Diego "Flash" and the Riverside "Elite"
("Business").

         B.       Lender is a shareholder of Borrower.

         C.       Borrower has applied to Lender for a line of credit ("Credit
Line") and Lender is willing to provide such Credit Line to Borrower subject to
the terms, conditions, covenants, representations and warranties hereinafter set
forth.

         NOW THEREFORE, in consideration of the above recited facts and the
representations, warranties, payments and mutual covenants and agreements
contained herein, the parties hereto agree as follows:

                                    ARTICLE 1
                               CERTAIN DEFINITIONS

         Unless the context otherwise requires, as used in this Agreement and
any other agreement, document, statement, instrument or transaction contemplated
hereby or relating hereto, and all amendments, extensions, modifications,
renewals, supplements or waivers thereof or thereto, the following terms shall
have the following meanings, which meanings shall be equally applicable to both
the singular and plural forms of such terms:

         1.1      ADVANCE. "Advance" shall mean any advance or loan made or to
be made to Borrower by the Lender pursuant to Article 2.

         1.2      AGREEMENT. "Agreement" shall mean this Credit Line Loan
Agreement between the Borrower and the Lender and any amendments hereto or
extensions, modifications or renewals hereof.

         1.3      AUTHORIZED OFFICER. "Authorized Officer" shall mean an officer
of Borrower authorized to execute the Loan Documents and all other documents
provided for in this Agreement, to act on the Borrower's behalf in connection
with this Agreement and to do things required of Borrower pursuant to this
Agreement.

         1.4      BORROWING REQUEST. "Borrowing Request" shall mean a written
request for an Advance under the Credit Line, which shall be furnished to Lender
in connection with each request for an Advance under the Credit Line Commitment.

         1.5      CREDIT LINE. "Credit Line" shall mean the Credit Line
established hereby subject to the terms and conditions hereof.

         1.6      CREDIT LINE COMMITMENT. "Credit Line Commitment" shall mean
the obligation of the Lender to make Advances as set forth in Section 2.1
hereof.

         1.7      CREDIT LINE NOTE. "Credit Line Note" shall mean the note in
the form of Exhibit "A" hereto, with appropriate insertions, executed by an
Authorized Officer of the Borrower in favor of the Lender.

         1.8      DEBTOR RELIEF LAWS. "Debtor Relief Laws" shall mean the
Bankruptcy Code of the United States of America, as amended from time to time,
and all other applicable federal, state or foreign bankruptcy,

<PAGE>

liquidation, conservatorship, insolvency, reorganization, dissolution,
arrangement, composition, readjustment of debt or similar debtor relief laws
from time to time in effect affecting the rights of creditors generally.

         1.9      EVENT OF DEFAULT. "Event of Default" shall mean any of the
events of default described in Article 7 hereof which are not remedied during
the grace period, if any, relating thereto.

         1.10     INTEREST PAYMENT DATE. "Interest Payment Date" shall mean
December 31, 2000.

         1.11     LOAN. "Loan" shall mean the aggregate of the Advances made by
the Lender to Borrower pursuant to Section 2.1 hereof.

         1.12     LOAN DOCUMENTS. "Loan Documents" shall mean this Agreement,
the March 6, Letter, the Note, all Borrowing Requests and all other documents
executed by the Borrower in connection with the transactions contemplated by
this Agreement. In the event of any conflict between the provisions of this
Agreement and any of the other Loan Documents, the provisions of this Agreement
shall control

         1.13     MARCH 6 LETTER. "March 6 Letter" shall mean that certain
letter agreement, dated March 6, 2000, whereby Borrower and Lender agreed upon
the basic terms and conditions of this Credit Line. A copy of the March 6 Letter
is attached hereto as Exhibit "B" and incorporated herein by this reference.

         1.14     MATURITY DATE. "Maturity Date" shall mean December 31, 2000.

         1.15     NOTE. "Note" shall mean the Credit Line Note.

         1.16     OBLIGATIONS. "Obligations" shall mean the obligations of the
Borrower to pay the principal and interest on the Note and to pay all other
costs and expenses that are the responsibility of the Borrower in accordance
with the terms hereof, and to satisfy all of Borrower's other obligations
hereunder.

         1.17     PERSON. "Person" shall mean, as the case may be, any
corporation, natural person, firm, association, joint venture, partnership,
limited liability company, limited liability partnership, trust, unincorporated
organization or government, or any department or agency of any government.

                                    ARTICLE 2
                                    THE LOAN

         2.1      CREDIT LINE COMMITMENT. The Lender hereby agrees to make
Advances to the Borrower at any time prior to the Maturity Date for the Credit
Line, in such amount as to each Advance as the Borrower shall require for the
uses specified in Section 5.4, up to, but not exceeding in aggregate principal
amount at any time outstanding, Five Hundred Thousand Dollars ($500,000)
("Maximum Aggregate Principal"), subject to and limited by the terms hereof,
including without limitation, the terms contained in Article 7, below; and also
subject to and limited by the restrictions and requirements contained in the
March 6 Letter, to the extent such restrictions and requirements are not in
conflict with or inconsistent with the provisions of this Agreement.

         2.2      AVAILABILITY OF COMMITMENT. Within the limits of time and
amount set forth above in Section 2.1, the Borrower may borrow hereunder on or
after the date hereof until and including the Maturity Date subject, however, to
the terms and provisions hereof and otherwise upon the terms and conditions
specified in the Note. Any Advances made by the Lender to the Borrower
hereunder, together with all accrued interest thereon, shall be due and payable
on the Maturity Date for the Credit Line.

         2.3      REQUIRED NOTICE FOR ADVANCES. An Authorized Officer of
Borrower shall give the Lender a Borrowing Request on the day on which the
Borrower requests an Advance. The Borrowing Request shall (i) specify the amount
of any requested Advance and (ii) include budget line item detail and backup
documentation showing the use to which the Advance is to be put. Such use shall
be limited to the purposes specified in Section 5.4, below. The Borrowing
Request may be given by mail, delivery, e-mail or by fax, in accordance with
Section 8.2 below. Subject to the conditions and limitations specified herein,
the Lender shall, within five (5)

<PAGE>

business days after receipt of the Borrowing Request, pay the aggregate
amount of the Advance to Borrower or to such account or accounts as may be
designated by the Borrower to the Lender.

         2.4      THE CREDIT LINE NOTE. The Lender shall, and is hereby
authorized by the Borrower to, set forth on the schedule attached to the Credit
Line Note an appropriate notation evidencing the date and amount of each Advance
made by the Lender to the Borrower as well as the date and amount of each
payment of principal and interest by the Borrower with respect thereto. Lender
shall provide Borrower with a copy of such schedule within ten (10) days after
written request from Borrower.

         2.5.     LENDER ACCOUNTING AND MANAGEMENT SERVICES. Lender will provide
accounting services, including but not limited to, cash control, upon transfer
by Borrower (as specified in Section 6.9, as well as Lender senior management
overview services for which Lender will receive one percent (1%) of gross
revenues as documented on the Lender approved fiscal year 2000 operating budget
for the "Flash". Lender will oversee public company reporting required by the
SEC.

         2.6      RIVERSIDE "ELITE" LOAN. Lender will enter into similar lending
relationship for the Riverside "Elite" subject to the same, or similar controls
and consideration contained in this Agreement. Financial consideration for this
loan will be a 20% ownership position of the "Elite."

                                    ARTICLE 3
                       INTEREST RATE AND METHOD OF PAYMENT

         3.1      INTEREST RATE. The Credit Line Loan shall bear interest on all
outstanding amounts of principal until paid at a rate of ten percent (10%) per
annum. Interest shall accrue until the Maturity Date.

         3.2      METHOD OF COMPUTATION OF INTEREST. All interest on the Credit
Line shall be computed for the actual number of days elapsed on the basis of a
360-day year. The first day for calculation of interest shall be the day of
disbursement and the last day for calculation of interest shall be the day
immediately prior to the day of payment.

         3.3      MANNER OF PAYING PRINCIPAL, INTEREST, AND OTHER AMOUNTS. All
payments of principal shall be made on the date called for hereunder and upon
the terms specified herein and in the Note. All payments of interest shall be
made on the applicable Interest Payment Date. In addition, any accrued and
unpaid interest shall be payable upon the maturity of the Note (whether by
passage of time, acceleration or otherwise) and shall be payable after maturity
on demand. If any payment of principal, interest, fees or other amounts due
shall become due and payable on a non-business day, such payment shall be made
on the next succeeding business day and such extended time of payment of
principal shall be included in computing interest accruing at the applicable
interest rate in connection with such payment. All payments and prepayments of
principal and interest shall be made not later than 12:01 p.m., Pacific Time on
the date called for by this Section 3.3 to the Lender, in immediately available
funds.

                                    ARTICLE 4
                         REPRESENTATIONS AND WARRANTIES

         In order to induce the Lender to execute this Agreement and to make the
Loans hereunder, the Borrower represents, warrants, covenants, and agrees that,
to the best of Borrower's knowledge and belief, the following statements are
true, correct and complete as of the date of this Agreement:

         4.1      ORGANIZATION, STANDING, ETC. the Borrower is a corporation,
duly organized, validly existing and in good standing under the laws of the
State of California. The Borrower has all requisite power and authority to own
and operate its properties, to carry on its business as now conducted or
presently proposed to be conducted by it, and for making, delivering and
performing the Loan Documents and any other agreements entered into in
connection herewith. This Agreement and all things required by this Agreement
have been duly authorized by all requisite corporate action of the Borrower and
the Loan Documents, upon due execution and delivery, will constitute valid and
binding obligations of the Borrower in accordance with their terms.

<PAGE>

         4.2      FINANCIAL CONDITION. At all times during which there is any
outstanding balance on the Loan, Borrower will provide Lender with annual
federal tax returns and monthly unaudited financial statements certified by
Borrower. Also, Borrower shall provide to Lender copies of the Federal tax
returns of Borrower on an annual basis, and unaudited financial statements of
Borrower on a monthly basis within thirty (30) days after the end of each month,
whether or not any principal or interest remains due and outstanding by Borrower
to Lender on the Credit Line Note.

         4.3      CONFLICT WITH OTHER AGREEMENTS. Neither the execution and
delivery of this Agreement, the Note, the other Loan Documents, or the
consummation of the transactions herein contemplated, nor compliance with the
terms and provisions hereof or of the Note will conflict with or result in a
material breach of any of the terms, conditions or provisions of: (i) the
Articles of Incorporation or the bylaws, as amended, of the Borrower; (ii) any
applicable law or any applicable regulation, order, writ, injunction or decree
of any court or governmental instrumentality (including certificates, exemptions
or orders issued by any authority or agency of the United States Government); or
(iii) any material agreement or instrument to which Borrower is a party or by
which it is bound or to which it is subject, or constitute a default thereunder
or result in the creation or imposition of any lien upon any of the property of
Borrower material to its business or operations.

         4.4      LITIGATION. There are no actions or proceedings pending
against Borrower before any court or administrative agency the results of which,
if decided adversely, might substantially affect the property or business of
Borrower in an adverse manner.

         4.5      TAX RETURNS AND PAYMENTS. All federal and state tax returns or
reports which are required to be filed with respect to Borrower have been filed;
and all taxes shown to be due or payable on said returns or reports with respect
to Borrower (except to the extent being contested in good faith with due
diligence by appropriate proceedings or any assessment received by Borrower,
have been paid to the extent that such taxes have become due and payable. There
have been no claims or adjustments for any material taxes proposed for any of
Borrower's fiscal years which would result in additional material taxes becoming
due and payable that are not provided for in the financial statements.

         4.6      NO DEFAULT. Except as disclosed in writing to Lender, Borrower
is not in material default in the payment of any of its material obligations,
and there exists no event, condition or act which constitutes an Event of
Default.

         4.7      BUDGETS. All Budgets that have been submitted to Lender by or
on behalf of Borrower are, to the best of Borrower's knowledge, fair estimates
of the income and expenses that Borrower will incur in connection with the
Business, and Borrower is not aware of any material and significant anticipated
expenses not reflected thereon.

         4.8      CONTINUING REPRESENTATIONS. These representations shall be
considered to have been made again at and as of the date of each Advance and
shall be true and correct as of that date.

                                    ARTICLE 5
                                    COVENANTS

         So long as the Credit Line Commitment shall remain available to the
Borrower, and/or until payment in full of the Obligations, Borrower agrees and
covenants as follows:

         5.1      MAINTENANCE OF EXISTENCE AND PROPERTIES. Borrower will
maintain and preserve its corporate existence, and its assets and all rights,
franchises, and other authority necessary for the conduct of its Business and
will at all times keep its material properties in good order, condition and
repair.

         5.2      INSURANCE. Borrower will keep all of its insurable property,
real, personal or mixed, insured, at appropriate valuations and levels of
coverage, including deductibles or self-insurance provisions, and against fire
and such other risks, as are customarily insured against by companies conducting
similar business with respect to like properties. Borrower will maintain
adequate workers' compensation insurance, if required by applicable law, and
adequate insurance against liability for injury to persons or damage to
property. In addition, Borrower

<PAGE>

agrees that, if Lender so requests, Lender shall be named as additional
insured on liability insurance policies of Borrower, and Borrower shall
provide Lender with annual certificates of such insurance policies.

         5.3      PAYMENT OF OBLIGATIONS. Borrower will pay and discharge all
taxes, fees, assessments and governmental charges and levies imposed upon it or
its income or profits, or upon any property belonging to it, prior to the date
on which penalties attached thereto, and all lawful claims which, if unpaid,
might become a lien upon its material properties, provided that it shall not be
required to pay any such tax, fee, assessment, charge, levy or claim, the
payment of which is being contested in good faith by appropriate proceedings.

         5.4      USE OF PROCEEDS. The Borrower will use the net proceeds of the
Loan only for expenses directly related to the Business, and only for specific
line items shown on the then current budget that has been approved by Lender and
specified in a Borrowing Request.

         5.5      ACCESS TO BOOKS, RECORDS AND PROPERTIES. Borrower will keep
and maintain full and accurate accounts and records of its operations. Borrower
will permit any duly authorized representatives of the Lender upon reasonable
notice and at all reasonable times to examine its books and financial records,
and take memoranda and extracts therefrom and make copies thereof, and to
inspect its properties and operations, all at the expense of the Lender.

         5.6      COMPLIANCE WITH LAWS, REGULATIONS AND ORDERS. Borrower will
comply in all material respects with all material applicable statutes,
regulations and orders of, and all applicable restrictions imposed by, any
governmental agency having jurisdiction in respect of the conduct of its
business and the ownership of its property, except during such periods as
Borrower may in good faith be contesting the applicability or validity of any
such statute, regulation, order or restriction in any reasonable manner which
does not materially endanger the rights of the holders of the Obligations.

         5.7      FINANCIAL STATEMENTS, BUDGETS, REPORTS AND OTHER INFORMATION.
Subject to the provisions of Section 2.5 above and Section 6.9 below, Borrower
shall furnish to the Lender:

         (a)      Income and expense statements, prepared each month, in
                  accordance with accounting methods consistent with those used
                  in prior periods.

         (b)      On a monthly basis, an updated budget for all aspects of
                  Borrower's Business, including one year projections of monthly
                  line item revenues and expenses.

         (c)      Written notice of an Event of Default, whether cured or not,
                  or of any changes in Borrower's name, material litigation
                  involving Borrower, and of any other matter which has resulted
                  in, or might result in, a material adverse change in the
                  financial condition, operations or business of Borrower as
                  promptly as practicable (and in any event no later than
                  twenty-five business days) after Borrower obtains knowledge
                  thereof;

         (d)      From time to time, such other information regarding the
                  Business and financial condition of the Borrower as the Lender
                  may reasonably request.

All of the foregoing statements, budgets and notices shall be certified as
accurate by an authorized financial or accounting officer of Borrower.

         5.8      TRANSFERS AND DISTRIBUTIONS. In the event that an Event of
Default shall have occurred and be continuing, and shall not have been cured
within the time periods specified herein after notice from Lender, Borrower
shall not make any material loan, advance, payment, dividend or distribution or
transfer of any asset, directly or indirectly, to any parent, subsidiary,
stockholder, partner, affiliate or similar entity, except in the ordinary course
of business.

         5.9      POST-JUDGMENT ATTORNEYS' FEES. Attorneys' fees incurred in
enforcing any judgment rendered in connection with the interpretation or
enforcement of this Agreement ("Judgment") are recoverable by the party in whose
favor such Judgment is rendered, as a separate item of damages. The provisions
of this paragraph are

<PAGE>

severable from the other provisions of this Agreement and shall survive any
such Judgment, and the provisions of this paragraph shall not be deemed
merged into any such Judgment.

         5.10     LITIGATION AND ATTORNEYS' FEES. The Borrower will pay promptly
to the Lender without demand reasonable attorneys' fees and all costs and other
expenses paid or incurred by the Lender in collecting or compromising the Loan
or in enforcing or exercising Lender's rights or remedies created by, connected
with or provided in the Loan Documents, whether or not suit is filed. If suit is
filed, the prevailing party shall be entitled to attorneys' fees and court
costs.

         5.11     EXECUTION OF OTHER DOCUMENTS. Borrower will promptly, upon
demand by the Lender, execute all such additional agreements, contracts,
indentures, documents, and instruments (collectively "Additional Documents") in
connection with the Loan Documents as the Lender may reasonably consider
necessary, provided that such Additional Documents do not in any material way
alter or increase Borrower's obligations or duties under the Loan Documents.

                                    ARTICLE 6
                  CONDITIONS TO EFFECTIVENESS OF THE AGREEMENT

         This Agreement shall not become effective unless, upon execution of
this Agreement or otherwise prior to the funding of the initial Advance
hereunder:

         6.1      AGREEMENT AND NOTES. The Lender shall have received a
counterpart of this Agreement and the Note, each executed by an Authorized
Officer of Borrower, and a certified copy of a resolution of the Board of
Directors authorizing the execution of this Agreement and the Note.

         6.2.     ELECTION OF DIRECTORS. Borrower will reconstitute Borrower's
Board of Directors by electing Steven R. Peacock as Chairman of the Board, and
James S. Upton as a Director. Lender will nominate one new Director, for a total
of three, and Borrower will nominate two.

         6.3      OFFICERS AND DIRECTOR'S INSURANCE. Borrower will participate
in a pro-rata share of a Lender umbrella Officers and Directors Insurance pool,
and the expense shall be represented as a "below the line" cost to the fiscal
year 2000 operating budget for the San Diego "Flash".

         6.4      APPROVAL OF BUDGETS. Lender and the Borrower's Board of
Directors will jointly approve the fiscal year 2000 monthly operating budgets
for the San Diego "Flash" and the Riverside "Elite" soccer teams.

         6.5      APPROVAL OF LIABILITIES AND OBLIGATIONS. Borrower's Board of
Directors will approve any and all agreements that bind Borrower to an
obligation or liability greater than $10,000, or any transaction involving any
financing agreement, capital raising efforts, merger, investment, or acquisition
contemplated by Borrower, until December 31, 2001.

         6.6      APPROVAL OF STOCK TRANSACTIONS. Borrower's Board of Directors
will approve any and all transactions involving the existing common shares of
Borrower, over which Borrower has influence, any and all decisions to buy, sell,
split or reverse split its common stock shares, and any corporate decision to
add or delete market makers.

         6.7.     BEACON SPORTS. Borrower will continue its existing sports
management agreement with Beacon Sports Capital Partners (Beacon Sports), as may
be revised from time to time with approval of the Borrower's Board of Directors.

         6.8      DIRECTOR OF SALES AND MARKETING. Borrower will recruit and
hire a Director of Sales and Marketing by April 1, 2000, for the "Flash" and
"Elite" soccer teams that will be accountable to revenue levels noted on the
fiscal year 2000 operating budget targets that have been approved by the
Borrower's Board of Directors.

<PAGE>

         6.9      TRANSFER OF ACCOUNTING FUNCTIONS. Borrower will transfer all
Borrower's accounting to Lender by March 17, 2000. A $500.00 petty cash account,
and corporate credit card with a $2,000 credit limit, will be maintained by the
"Flash" for general corporate expense purposes.

         6.10     PERFORMANCE REPORTS. Beacon Sports will complete a monthly
report on Borrower management performance against approved fiscal year 2000
budgets to the Borrower's Board of Directors. Borrower management will honor
Board approved Beacon recommendations on staffing support and budget performance
levels to ensure budgeted revenue and expenses balance.

         6.11     UNDERWRITING FEE. Borrower's Board of Directors will upon
execution hereof, grant to Lender an underwriting fee in consideration for the
Loan, of 1,000,000 restricted free trading shares of Borrower.

         6.12     AMENDMENT OF BYLAWS. Borrower's corporate bylaws will be
amended to provide that any merger of Borrower with another entity and/or change
in the employment status of Yan Skwara, Trish Bollman, or Sam Kaloustian will
require the consent of 100% of the members of the Borrower's Board of Directors.

         6.13     COMPLIANCE. The Borrower shall have performed and complied
with all terms and conditions required by this Agreement to be performed or
complied with by each of them prior to or at the date of the making of any
Advance.

                                    ARTICLE 7
                           CONDITIONS TO ALL ADVANCES

         The Lender shall not be obligated to make any Advance (including the
initial Advance) hereunder unless:

         7.1      NO EVENT OF DEFAULT. At the time of and after giving effect to
such borrowing no Event of Default shall have occurred and be continuing which
has not been cured within the time periods specified herein after notice from
Lender.

         7.2      REPRESENTATIONS TRUE AND CORRECT. The representations and
warranties contained in Article 4 hereof shall be true and correct in all
material respects on and as of the date of such Advance with the same force and
effect as though such representations and warranties had been made on and as of
such date, except to the extent that such representations and warranties relate
solely to an earlier date.

         7.3      BORROWING REQUEST. The Lender shall have received a Borrowing
Request in accordance with Section 1.4, above.

                                    ARTICLE 8
                        AMENDMENTS TO AGREEMENT; NOTICES

         8.1      AMENDMENTS. This Agreement may be amended only by a writing
signed by all parties hereto.

         8.2      NOTICES. All notices, demands, requests, or other
communications which may be or are required to be given, served, or sent by one
party to the other party pursuant to this Agreement (except as otherwise
specifically provided in this Agreement) shall be in writing and shall be
delivered by hand, mailed by first-class, registered or certified mail, return
receipt requested, postage prepaid, by facsimile transmission, or by e-mail,
addressed as follows:

         IF TO THE BORROWER:

         SAN DIEGO SOCCER DEVELOPMENT CORPORATION
         2123 Garnet Avenue, Suite "B"
         San Diego, CA 92109
         Telephone:    (858) 581-2120

<PAGE>

         Fax:          (858) 581-9419

         IF TO THE LENDER:

         PEACOCK FINANCIAL CORPORATION
         2531 San Jacinto Avenue
         San Jacinto, CA 92583
         Telephone:      (909) 652-3885
         Fax:            (909) 652-
         e-mail:         steve@peacockfinancial.com

Notices, including without limitation, Borrowing Requests, shall be deemed
delivered: (i) upon actual delivery; or (ii) if mailed, four (4) business days
after being deposited with the United States Postal Service, by either certified
or registered mail, return receipt requested, postage prepaid; or (iii) if sent
by facsimile or e-mail between the hours of 8:00 a.m. and 5:00 p.m. Pacific
Time, Monday through Friday, upon confirmed receipt of transmission; or (iv) if
sent by facsimile or e-mail after 5:00 p.m. Pacific Time, Monday through Friday,
on the next business day after confirmed receipt of transmission.

The addresses to which notices or demands are to be given may be changed from
time to time by notice served as provided above.

                                    ARTICLE 9
                         EVENTS OF DEFAULT AND REMEDIES

         The occurrence and continuance of any one or more of the following,
unless consented to in writing by Lender, shall constitute an Event of Default
hereunder:

         9.1      NON-PAYMENT OF PRINCIPAL AND OTHER OBLIGATIONS. The Borrower
shall fail to make any payment, within five (5) days after such becomes due of
principal or interest on the Note or of other amounts payable hereunder.

         9.2      BREACH OF REPRESENTATIONS. Any material representation or
warranty made by the Borrower herein or in any certificate, statement or report
furnished by the Borrower hereunder shall prove to be false or misleading or
breached in any material respect at the time when made.

         9.3      INSOLVENCY. Borrower shall become insolvent or generally fail
to pay, be unable to pay or admit in writing inability to pay, its debts as they
become due; or shall commence any case, proceeding or other action relating to
it in bankruptcy or seeking reorganization, liquidation, dissolution, winding
up, arrangement, composition, readjustment of its debts or any other relief
under any Debtor Relief Laws, or Borrower shall take any action indicating its
consent to, approval of, or acquiescence in, any such case or proceeding;
Borrower shall apply for, consent to or acquiesce in the appointment of a
receiver, custodian or trustee of it or for all or a substantial portion of its
property, assets or business; Borrower shall make an assignment for the benefit
of creditors; Borrower shall consent to the entry of or have entered against it
an order for relief under any Debtor Relief Law.

         9.4      INVOLUNTARY BANKRUPTCY. An order for relief shall be entered
against Borrower under any Debtor Relief Law; or any case or proceeding or the
taking of other action against Borrower in a proceeding under any Debtor Relief
Law shall be filed, which case or proceeding shall not have been withdrawn,
dismissed or fully bonded within thirty (30) days thereafter; or if, under the
provisions of any law providing for relief, reorganization, arrangement or
winding up of corporations, or other Debtor Relief Law which may apply to
Borrower, any court of competent jurisdiction shall assume jurisdiction, custody
or control of Borrower or of any substantial part of the property of Borrower
and such jurisdiction, custody or control shall not have been relinquished,
permanently stayed, terminated or fully bonded within thirty (30) days.

         9.5      RECEIVERS, ETC. The appointment of a receiver, liquidator,
custodian or trustee for Borrower or for all or a substantial part of its
property, assets or business; or the issuance or levying of any writ, judgment,

<PAGE>

warrant of attachment, execution or similar process against any substantial part
of the property, assets or business of Borrower; and the continuance of any such
event for thirty (30) days without being dismissed, fully bonded, vacated,
released or discharged.

         9.6      DEFAULT IN COVENANTS. Default shall be made by Borrower in the
due performance or observance of any covenant or condition of this Agreement,
other than a covenant for the payment of money, and such default shall not,
within forty-five (45) business days after the Borrower has been given notice of
such default by the Lender, have been cured.

         9.7      CROSS-DEFAULT. Borrower shall do, commit to do, or fail to do
or commit to do, any act or thing which would constitute an event of default
under any of the terms of any other material agreement, document, or instrument
executed, or to be executed by it in connection with the transactions
contemplated by this Agreement, which default is not cured within any applicable
grace period contained in such other agreement, document or instrument.

         9.8      REMEDIES. If any Event of Default shall occur and be
continuing that is not cured within ten (10) days after notice from Lender, the
Lender at its option may, by written notice to Borrower in the case of
non-monetary Events of Default and without further notice to Borrower in the
case of monetary Events of Default, do any one or more of the following:

         (a)      Declare the Credit Line Commitment to make Advances hereunder
                  to be terminated, whereupon such Credit Line Commitment shall
                  be terminated; and

         (b)      Declare the principal of the Note and the accrued interest
                  thereon and all Obligations to be forthwith due and payable,
                  whereupon the Note and all Obligations shall forthwith become
                  due and payable, without presentment, demand, protest or other
                  further notice of any kind, all of which are hereby expressly
                  waived; and

         (c)      Immediately convert the Loan amounts drawn down by the
                  Borrower, together with the Interest due on those amounts,
                  into common restricted stock of the Borrower as follows:

                  (i)      Borrower will issue new stock shares that represent a
                           cumulative ownership position by the Lender of fifty
                           three percent (53%) of the then issued and
                           outstanding shares of Borrower, at a strike price of
                           ten cents ($0.10) per share, including all unexecuted
                           options and warrants.

                  (ii)     The actual amount of new stock shares issued will be
                           calculated by determining the total number of shares
                           that equals a fifty three percent (53%) ownership by
                           Lender, and then subtracting the amount of stock
                           shares presently held by Lender.

                                   ARTICLE 10
                                  MISCELLANEOUS

         10.1     WAIVERS. The Lender may, at any time, waive for the period and
on the conditions, if any, specified in such waiver, any Event of Default and
its consequences, including termination, whether voluntary or involuntary, of
the maturity of the Note. No failure on the part of the Lender to exercise, and
no delay in exercising, any right, remedy, power or privilege hereunder shall
operate as a waiver thereof; nor shall any single or partial exercise of any
right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege,
and no waiver whatever shall be effective unless in writing signed by an officer
of the Lender and then only to the extent specifically set forth in such
writing.

         10.2     CUMULATIVE REMEDIES. All remedies, rights, powers and
privileges, either under this Agreement or by law or otherwise afforded the
Lender and any other holders of the Note, shall be cumulative and not be
alternative or exclusive of any remedies, rights, powers and privileges provided
by law against the Borrower or any other person, and shall be available until
the Note and all interest thereon, and fees, expenses, and obligations

<PAGE>

hereunder, if any, have been paid in full in lawful money of the United States
of America. The Lender may exercise all such remedies in any order of priority.

         10.3     SURVIVAL OF REPRESENTATIONS AND COVENANTS. All
representations, warranties and covenants made by Borrower in connection with
this Agreement shall survive the execution and delivery of this Agreement and
the Note.

         10.4     BENEFIT OF AGREEMENT. This Agreement shall be binding upon and
inure to the benefit of Borrower and the Lender and their respective successors
and assigns, except that Borrower may not assign or transfer any of its rights
under this Agreement without the prior written consent of the Lender.

         10.5     GOVERNING LAW AND CONSTRUCTION. This Agreement and the other
Loan Documents shall be construed in accordance with and governed by the
internal law, and not the law of conflicts, of the State of California. Whenever
possible, each provision of this Agreement and the other Loan Documents shall be
interpreted in such manner as to be effective and valid under such applicable
law, but, if any provision of this Agreement or of another Loan Document shall
be held to be prohibited or invalid under such applicable law, such provision
shall be ineffective only to the extent of such prohibition or invalidity,
without invalidating the remainder of such provision or the remaining provisions
of this Agreement. In the event there is any actual irreconcilable conflict
between the provisions of this Agreement and any other Loan Document, the
provisions of this Agreement shall prevail.

         10.6     COUNTERPARTS. This Agreement may be executed by the parties
hereto individually, or in any combinations of the parties hereto, in several
counterparts, each of which shall be an original and all of which taken together
shall constitute one and the same agreement.

         10.7     LAWFUL MONEY. All references in this Agreement and the Note to
the payment of amounts of money shall be in lawful money of the United States of
America. Borrower hereby agrees to pay the principal amount of all Obligations
hereunder that require payment of money, according to the terms and conditions
of this Agreement and in lawful money of the United States, whether or not such
Obligations are evidenced by a Note and in immediately available funds.

         10.8     TIME OF THE ESSENCE. Time is hereby declared to be of the
essence of this Agreement and of every part hereof.

         10.9     EXHIBITS. All exhibits referred to in this Agreement are
hereby incorporated into this Agreement by this reference and all terms defined
in this Agreement shall have the same meanings in such exhibits, unless
otherwise defined in such exhibits.

         10.10    JURISDICTION AND ENFORCEMENT. The Lender and Borrower agree
that they will submit to the exclusive jurisdiction of the federal and state
courts of the state of California in any legal action that may arise from this
Agreement and the transactions contemplated hereby, and that venue for any such
action shall be Riverside County. The Lender and Borrower hereby waive any
objection thereto, and irrevocably agree to be bound by any judgment rendered by
such courts in connection with the Agreement.

         10.11    HEADINGS. Section headings in this Agreement are for
convenience of reference only, and shall not govern the interpretation of any of
the provisions of this Agreement.

         10.12    INTEGRATION. This Agreement embodies the entire agreement and
understanding between Borrower and the Lender with respect to the Credit Line
and supersedes all oral negotiations and prior agreements and understandings
relating to the Credit Line, except to the extent expressly incorporated herein,
and subject to the limitations specified herein.

         10.13    ACKNOWLEDGMENTS. The Lender and Borrower each hereby
acknowledge that there are no representations, warranties, covenants,
undertakings or agreements by the parties hereto relating to the Credit Line,
except as specifically provided herein or in the Loan Documents.

<PAGE>

         IN WITNESS WHEREOF, the undersigned have caused this Agreement to be
executed by their duly authorized representatives.

SAN DIEGO SOCCER DEVELOPMENT CORPORATION
a California corporation

         By:      /s/ Yan Skwara
                  ------------------------------
                  Yan Skwara, President

                        "Borrower"

PEACOCK FINANCIAL CORPORATION
a Colorado corporation

         By:      /s/ Steven R. Peacock
                  ------------------------------
                  Steven R. Peacock, President

                         "Lender"

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