Document:

QuickLinks
 -- Click here to rapidly navigate through this document
  

Exhibit 10.08  

 
 

PROMISSORY NOTE COVERING THE
  LEASEHOLD IMPROVEMENTS AT
  3231 S. COUNTRY CLUB WAY    
    

	1.
	DEFINED
TERMS. As used in this Promissory Note, the following terms shall have the following meanings:

	1.1
	BORROWER:
NATIONWIDE FINANCIAL SOLUTIONS, INC., an Nevada corporation, its successors and assigns.

	1.2
	LENDER:
SHALIMAR OFFICES, LLC, an Arizona corporation, together with other holders from time to time of this Promissory Note.

	1.3
	Principal
Sum: $167,010.00.

	1.4
	Monthly
Payment: $3,228.77.

	1.5
	Date
of Disbursement: April 1, 2004.

	1.6
	Nominal
Interest Rate: 6.000% per annum.

	1.7
	Compounding
Period: Monthly.

	1.8
	Default
Rate: three percent (3%) more than the Interest Rate.

	1.9
	Maturity
Date: April 1, 2009.

	1.10
	Amortization
Period: Five (5) years from the Date of Disbursement.

	1.11
	First
Payment Date: May 1, 2004, being the first day of the first month after the Date of Disbursement.

	1.12
	LENDER'S
Payment Address: 14312 E. Thoroughbred Trl

Scottsdale, AZ 85259.

	1.13
	Permitted
Prepayment Period: the period commencing on April 1, 2004, and ending on the Maturity Date, subject to and in accordance with the provisions of this Promissory Note.

	2.
	DEBT.
For value received, BORROWER promises to pay to the order of LENDER, the Principal Sum with interest on unpaid principal from the Date of Disbursement at the Interest Rate.
Interest shall be calculated on a 360-day year of twelve 30-day months.

	3.
	PAYMENTS.
BORROWER shall pay the Monthly Payment to LENDER commencing on the First Payment Date and continuing on each monthly anniversary thereof until the Maturity Date. If a payment
date is a non-business day, the Monthly Payment shall be due on the next business day. 

        On
the Maturity Date, BORROWER shall pay to LENDER the entire then unpaid balance of principal and interest. 

        All
payments shall be made in lawful money of the United States of America at LENDER'S Payment Address, or at such other place as LENDER may from time to time designate in writing. 

	4.
	EVENT
OF DEFAULT. BORROWER shall be in default under this Promissory Note if it shall fail to fully pay this Promissory Note within ten (10) business days after
the Maturity Date or as otherwise specified under the terms of this Promissory Note. Furthermore, LENDER may accelerate payment if Maturity Date of BORROWER'S payment is more than thirty
(30) days past due. 

Page 1 of 3

 
	5.
	LATE
CHARGE AND ADDITIONAL INTEREST. BORROWER recognizes that if it does not make the Monthly Payments when due, LENDER will incur additional administrative expenses in servicing the
loan, will lose the use of the money due and will be frustrated in meeting its other financial and loan commitments. LENDER and BORROWER acknowledge that different methods could be used to calculate
LENDER'S actual damages if the Monthly Payment is not made when due. To avoid disputes over which method shall apply, BORROWER agrees that a late charge equal to three percent (3%) of each Monthly
Payment which is not made when due is a reasonable method for calculating said damages. BORROWER shall pay such late charge to LENDER immediately after the due date for each Monthly Payment which is
not made when due. The payment of such late charge shall not affect LENDER'S other rights and remedies under this Promissory Note. 

        All
expenditures by LENDER pursuant to the Loan Documents, other than advances of the Principal Sum, which are not reimbursed by BORROWER immediately upon demand; all amounts remaining
due and unpaid after the Maturity Date; and any amounts due and unpaid after an Event of Default (including late charges) shall bear interest at the Default Rate until such amounts are paid to LENDER.
Such payments shall be in addition to the late charge described above. 

	6.
	APPLICATION
OF PAYMENTS. Unless LENDER elects otherwise, all sums received by LENDER in payment hereunder shall be applied first to late charges, costs of collection or enforcement,
all expenditures made by LENDER, and any other similar amounts due, if any, under this Promissory Note, then to amounts due to the interest which is due and payable under this Promissory
Note and the remainder to principal due and payable under this Promissory Note. If an Event of Default has occurred arid is continuing, such payments may be applied to sums due hereunder or
under the other Loan Documents in any order and combination that LENDER may, in its sole discretion, determine.

	7.
	NO
USURY. Nothing contained in this Promissory Note shall be deemed to establish or require the payment of a rate of interest in excess of the maximum rate permitted by law. If
the rate of interest required to be paid under this Promissory Note at any time exceeds the maximum rate permitted by law, the rate of interest required to be paid pursuant to this Promissory
Note shall be automatically reduced to the maximum rate permitted by law.

	8.
	ACCELERATION
AND OTHER REMEDIES. The rights and remedies of LENDER are set forth in this Promissory Note and include, without limitation, the right to declare the principal
balance of this Promissory Note and accrued interest, immediately due and payable in case of an Event of Default.

	9.
	AMENDMENTS.
This Promissory Note may not be changed or amended orally, but only by an agreement in writing, signed by the party against whom enforcement is sought.

	10.
	GOVERNING
LAW. This Promissory Note shall be governed by and construed in accordance with Arizona law without regard to the conflicts of laws provisions thereof.

	11.
	PREPAYMENT.
BORROWER may prepay all or any portion of the amounts due under this Promissory Note at any time without penalty or premium.

	12.
	ADDRESS
CHANGES. Each party agrees to notify the other by registered or certified mail of any change in the party's address.

	13.
	ATTORNEYS'
FEES. Upon any Event of Default, BORROWER shall pay all costs incurred by LENDER in the course of collection of sums due under this Promissory Note or in enforcing
any of BORROWER'S other obligations under the Promissory Note, including, without limitation, reasonable attorneys' fees and expenses, whether or not suit is filed by LENDER. 

Page 2 of 3

 
	14.
	SUCCESSORS
AND ASSIGNS. This Promissory Note shall be binding upon BORROWER and upon its successors and assigns, and shall inure to the benefit of LENDER and its successors and
assigns. 

        IN
WITNESS WHEREOF, this Promissory Note has been executed and delivered this 1 ST Day of April, 2004. 

	

BORROWER:

NATIONWIDE FINANCIAL SOLUTIONS, INC., a Nevada corporation.	
 	

 
	

By:	
 	

/s/  DARREN DIERICH      
 Darren Dierich	
 	

 
	

Title:	
 	

Chief Financial Officer	
 	

 
	

LENDER:

SHALIMAR OFFICES, LLC, an Arizona corporation.	
 	

 
	

By:	
 	

/s/  STEPHEN LUKE      
 Stephen Luke	
 	

 
	

Title:	
 	

Managing Member	
 	

 

Page 3 of 3

QuickLinks

PROMISSORY NOTE COVERING THE LEASEHOLD IMPROVEMENTS AT 3231 S. COUNTRY CLUB WAYQuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.09  

 
 

AGREEMENT    
    

	1.
	This
is an agreement between Nationwide Financial Solutions, Inc. ("NFS") and William L. Mullins.

	2.
	Mr. Mullins
promises to raise at least one million dollars ($1,000,000.00) from private accredited investors for NFS by April 1st, 2004.

	3.
	Upon
performance by Mr. Mullins, NFS agrees to compensate Mr. Mullins in one of the two following ways:

	A.
	One
hundred thousand (100,000) shares of NFS, capital revised with consideration being NFS, restricted and unrestricted shares. 

OR

	B.
	Ten
percent (10%) of the proceeds of capital raised by Mr. Mullins.

	4.
	If
Mr. Mullins is unable to perform within the specific time period, NFS will not be liable to compensate Mr. Mullins. Partial performance by Mr. Mullins does not
automatically entitle Mr. Mullins for partial compensation. In an event of partial performance by Mr. Mullins, NFS may decide to partially compensate Mr. Mullins, the compensation
depending completely on whatever NFS deems fair and appropriate, or NFS may decide not to compensate Mr. Mullins at all.

	5.
	Mr. Mullins
reserves the right to choose his form of compensation from the afore-mentioned options. Mr. Mullins has to inform NFS about the form of his compensation no
later than April 15th, 2004. Once Mr. Mullins has chosen the form of compensation, he cannot change it.

	6.
	Mr. Mullins
is required to have any investor, who is investing in NFS, sign a subscription agreement.

	7.
	For
any investor, Mr. Mullins solicits for investing in NFS; Mr. Mullins takes responsibility regarding the source of the Investor's funds. NFS, its subsidiaries,
affiliates, officers, and employees, will not be held responsible to investigate the source of funds of any investor, nor will NFS, its subsidiaries, affiliates, officers, and employees, be held
liable for any damages arising out of any circumstance related to the authenticity of funds from any investor.

	8.
	For
any reason, if this document is held void, NFS, its subsidiaries, affiliates, officers, and employees, will not be held liable for any damages arising out of this agreement.

	9.
	Both
parties agree to submit any and all disputes to binding Arbitration under the auspices of the American Arbitration Association (AAA).

	10.
	Venue,
law, and jurisdiction governing any dispute shall be the Town of Tempe and the County of Maricopa in the state of Arizona. 

	

/s/  STEVE LUKE      
 Steve Luke

Chief Executive Officer

Nationwide Financial Solutions, Inc.	
 	

/s/  WILLIAM L. MULLINS      
 William L. Mullins

Managing Member

Pursuit Holdings, Inc.
	

01/27/04	
 	

01/27/04
	Date	 	Date

QuickLinks

AGREEMENTQuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.10  

 
 

AGREEMENT    
    

	1.
	This
is an agreement between Nationwide Financial Solutions, Inc. ("NFS") and William L. Mullins.

	2.
	Mr. Mullins
promises to raise at least one million dollars ($1,000,000.00) from private accredited investors for NFS by April 1st, 2004.

	3.
	Upon
performance by Mr. Mullins, NFS agrees to compensate Mr. Mullins in one of the two following ways:

	A.
	One
hundred thousand (100,000) shares of NFS, capital revised with consideration being NFS, restricted and unrestricted shares. 

OR

	B.
	Ten
percent (10%) of the proceeds of capital raised by Mr. Mullins.

	4.
	If
Mr. Mullins is unable to perform within the specific time period, NFS will not be liable to compensate Mr. Mullins. Partial performance by Mr. Mullins does not
automatically entitle Mr. Mullins for partial compensation. In an event of partial performance by Mr. Mullins, NFS may decide to partially compensate Mr. Mullins, the compensation
depending completely on whatever NFS deems fair and appropriate, or NFS may decide not to compensate Mr. Mullins at all.

	5.
	Mr. Mullins
reserves the right to choose his form of compensation from the afore-mentioned options. Mr. Mullins has to inform NFS about the form of his compensation no
later than April 15th, 2004. Once Mr. Mullins has chosen the form of compensation, he cannot change it.

	6.
	Mr. Mullins
is required to have any investor, who is investing in NFS, sign a subscription agreement.

	7.
	For
any investor, Mr. Mullins solicits for investing in NFS; Mr. Mullins takes responsibility regarding the source of the Investor's funds. NFS, its subsidiaries,
affiliates, officers, and employees, will not be held responsible to investigate the source of funds of any investor, nor will NFS, its subsidiaries, affiliates, officers, and employees, be held
liable for any damages arising out of any circumstance related to the authenticity of funds from any investor.

	8.
	For
any reason, if this document is held void, NFS, its subsidiaries, affiliates, officers, and employees, will not be held liable for any damages arising out of this agreement.

	9.
	Both
parties agree to submit any and all disputes to binding Arbitration under the auspices of the American Arbitration Association (AAA).

	10.
	Venue,
law, and jurisdiction governing any dispute shall be the Town of Tempe and the County of Maricopa in the state of Arizona. 

	/s/  STEVE LUKE      
 Steve Luke

Chief Executive Officer

Nationwide Financial Solutions, Inc.	 	/s/  WILLIAM L. MULLINS      
 William L. Mullins

Managing Member

Pursuit Holdings, Inc.
	

Date 01/27/04	
 	

Date 01/27/04

QuickLinks

AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]