Document:

NATIONSBANK  ;Simple  Interest  Fixed  Rate
Account  Number  Note  Date
000000000219982460009-  --11/27/1998

Borrower  Name  and  Address  PIERRE  ELLIOTT
------------------------------------------------------------------------------
4320  NW  107  AVE
CORAL  SPRINGS  FL  33065.7711

I promise to pay to the order of NATIONSBANK. N.A. ("NationsBank") the principal
amount  of  $  75,363.90  ("Amount  of Note.'), interest on the unpaid principal
balance  and  any  other  charges  authorized  by  this  Promissory  Note  (the
"Outstanding  Balance")at  a  fixed  rate  of  10.500 % per annum (the "Interest
Rate"). The Amount of Note will be advanced to me and/or to others on my behalf.
Payment(s)  will  be made in accordance with the Payment Schedule set out in the
Federal  Truth  in  Lending  Disclosure.

APR        FINANCE  CHARGE     AMOUNT  FINANCED     TOTAL  0F     PAYMENTS
10.529%         $75,343.59          $ 75,263.90                $150,607.49

Number  of Payments Amount of Payments When Payments are due 179 $836.72 MONTHLY
BEGINNING  01/11/1999

1  $834.61  FINAL  PAYMENT  DUE  12/11/2013

Security:  Goods  or  property  being
purchased.  (i)  Other  91  FLEETWOOD  AMERICAN  EAGLE
                        ------------------------------

You also have the right to apply any deposit or account that I have with you, as
well  as any instruments or securities of mine which you hold, toward payment of
any  amounts  due  under this Promissory Note. It I have other loans with you or
take  out  other  loans  in the future, collateral securing other loans may also
secure  this loan, except that my principal dwelling or household goods will not
secure  this  loan  unless  specifically identified as Security above and margin
stock  used  as  collateral for purpo6e credit will not secure this loan, unless
specifically  identified  as  Security  above.

Filing/Releasing  Fees:               $    0.00
Florida  Documentary  Stamp  Tax:     $  263.90
Florida  Intangible  Tax              $    0.00
               --------
Late  Charges::  If  I  am  more  than  10  days late in paying all or part of a
payment,  I  will  be  charged  a  late  charge  of  5% of the past due payment.

Prepayment:  If  I  pay  the  loan  off  early, you will not require me to pay a
penalty.

Assumption: This loan, whether or not secured by my principal residence, may not
be  assumed  under  the  original  terms  and  conditions.

I  will  see  this  Promissory  Note and any other loan documents for additional
information  about  non-payment,  default, any required repayment in full before
the  scheduled  date,  prepayment refunds, penalties and for further information
about  NationsBank's  security  interest.

Since interest will accrue daily on the principal amount outstanding, the actual
finance charge, total of payments and final payment may vary, depending upon the
date(s) payments are actually made by me. Items preceded by a box are applicable
only  if  checked.

Additional  terms  of  this Promissory Note. Words not defined elsewhere in this
Promissory  Note  have  the  meanings  shown  in  the  Federal  Truth in Lending
Disclosure.

NATIONSBANK  Page  2
R.1  Borrower  Loan  Number
00000000219982460009  Verbal  Verification  Date  PIERRE  ELLIOTT

The  undersigned  grantor  (jointly  and  severally,  "Grantor")  for  valuable
consideration,  the  receipt  and  adequacy  are  acknowledged, assign and grant
NATIONSBANK,  N.A.  located  at  14655  SW 104th ST, MIAMI, FL 33186, a security
interest  in  the  following  collateral:

91  Fleetwood  American  Eagle  Serial  No.  4S7KT9SOXMCOO4075

which will be primarily located at: 4320 N.W. 107th AVE, Coral Springs, FL 33065
together  with all parts and equipment used in addition therewith, replacements,
accessions,  proceeds,  products  and  similar  after-acquired property (such as
tires,  tape players, speakers, or batteries attached to the car). This security
interest  is  given  to  secure  payment  of  all  indebtedness  evidenced  by a
promissory  note,  line of credit or other financial accommodation in the amount
of  $75,363.90,  dated  November  27,  1998.

("Borrower",  whether  one  or  more),  including  all renewals, consolidations,
modifications, extensions and replacements thereof (the "Obligation"), including
all costs and expenditures incurred by NationsBank under this Agreement or under
the  Obligation.  Despite  any other provision of this Agreement, NationsBank is
not  granted,  and  will  not  have,  a  non-purchase money security interest in
household  goods,  to the extent such a security interest would be prohibited by
applicable  law.

Grantor  expressly  warrants  and  covenants:

COVENANTS.  Grantor  owns  and  possesses  the  Collateral and will keep it free
from  any  other  security  interest,  lien, claim, charge or encumbrance except
NationsBank's  security  interest.  Grantor  will  keep  the  Collateral  at the
location  specified  in  this  Agreement: Grantor will not remove the Collateral
from  the  jurisdiction where the Obligation is originated without NationsBank's
written  consent  (except  for  routine  travel  if  the  Collateral consists of
vehicles).  Grantor shall not pledge, mortgage, sell, lease, encumber, transfer,
assign  or  otherwise  permit the Collateral to be subject to any lien, security
interest,  encumbrance  or charge, other than the security interest provided for
in  this  Agreement,  without  the prior written consent of NationsBank. Grantor
will  immediately notify NationsBank in writing of any change in the location or
the  Collateral  or  of  Grantor's residence. Grantor will properly maintain and
care  for  the  Collateral.  Grantor  will  neither  use  nor  permit use of the
Collateral  in  violation of any law. Grantor will make the Collateral available
to  NationsBank for inspection at any time. Grantor will promptly pay all taxes,
asses6ments  or  other  charges  against  the  Collateral  or on this Agreement.
Grantor  will execute any document NationsBank deems necessary and take whatever
actions  are  requested  by  NationsBank  to  perfect and continue NationsBank's
Security  interest  in  the  Collateral.  Grantor  hereby  irrevocably  makes,
constitutes  and  appoints  NationsBank  as  Grantor's  true  and  lawful
attorney-in-fact  for  the  purposes of executing documents necessary to perfect
01'  continue  the  security  interest  granted in this Agreement. To the extent
that  the  Collateral  consists  of  vehicles or other titled property , Grantor
shall  not  take  or  permit  any  action  which  would  require application for
certificates  of  title  outside  the  jurisdiction  where  the  Obligation  is
originated,  without  the  prior  written  consent  of  NationsBank.

FAILURE  TP  PAY  TAXES,  COSTS  AND  TO  MAINTAIN  COLATERAL.
If  Grantor  fails  to  keep  the  Collateral in good condition and repair or if
Grantor  fails  to  Pay  any  applicable  taxes or costs for filing financing or
continuation  statements,
NationsBank  may,  but  shall  not  be  obligated to, cause the Collateral to be
maintained  or  repaired  or  pay  such  costs.  Grantor will immediately pay to
NationsBank on demand all of NationsBank's costs and expenses for so doing, plus
interest  on  such  amounts at the same rate payable on the Obligation. Any such
amount  paid  by  NationsBank under this Agreement is secured by the Collateral.

INSURANCE.  Grantor  will  keep the Collateral insured against such risks and in
such
amounts  as  NationsBank may reasonably require from time to time with companies
acceptable  to  NationsBank,  for  the  term  of  the  Obligation,  against such
casualties  and  in  such  manner  as  NationsBank  shall reasonably require. In
addition,  if  any  part  of  the  Collateral consists of a mobile home which is
situated  in  a flood zone pursuant to the National Flood Insurance Act of 1968,
as  amended,  or  pursuant  to any National or state flood insurance program (at
any  time of origination of the Obligation or at any time during the term of the
Obligation), Grantor will maintain flood insurance covering the Collateral in an
amount  less  than  the  lesser  of  (a) the maximum limit of insurance coverage
then  available  with respect to the Collateral pursuant to any and all national
and  state flood insurance programs then in effect or (b) the outstanding amount
of  the  obligation

NATLONSBANK  Page  3
R.1  Borrower  Loan  Number
00000000219982460009  Verbal  Verification  Date  PIERRE  ELLIOTT  (  ~c

BOOKING/  MAINTENANCE.  A  portion  of  the NationsBank Fee (amount equal to the
lesser  of  $50  or  2%  of  the  Amount  of  Note).  if  any. disclosed in the:
Itemization  of  Amount  Financed  above,  IS  a booking/memo fee as provided by
Florida Statutes Section 658.49 (as amended from time to time). Any amount above
the  booking/maintenance  fee  is  either a loan or an origination fee. An fees,
charges  and  other  expenses of this loan of this Promissory Note is secured by
real  property),  is  authorized  pursuant to Chapter 666. Florida Statutes, and
Chapter  687.12,  Florida  Statutes.

LATE  CHARGES. If I fail to make a payment when due you may charge a late charge
as set out in the Federal Truth in Lending Disclosure. Unless otherwise required
by applicable law, for purposes of determining whether a late charge is due with
regard  to  a current installment due you will apply any payments you receive to
the  oldest  maturing  installment  due  in  the manner provided above. Any late
charge  will  be in addition~ to and not in place of accrued interest under this
Promissory  Note.

EVENTS  of DEFAULT. I will be in default under this Promissory Note if I fail to
make any payment when due. regardless Of how such amount may have become due, or
if  I  fail  to payor perform 8Dy other obligation, liability or indebtedness to
NationsBank,  or  if any covenant agreement or condition herein is not fully and
timely  performed,  observed  or  kept;  or  if  any  bankruptcy  or  insolvency
proceeding  is  instituted  ~  or  against  me,  or  if  any  tax  lien, levy or
garnishment  is  levied  against  me;  or  if you in good faith believe that the
prospect  of repayment or performance under any agreement I may have with you is
impaired;  or if you reasonably deem yourself insecure for any reason; or if you
determine  that  any representation made to you is. or was, materially untrue or
misleading;  or if any Borrower shall die, or. if any Borrower is a corporation.
partnership,  limited  liability  company,  association  or other duly organized
business  entity,  if  such  Borrower shall be dissolved. liquidated, terminated
or  otherwise fail to maintain good standing in its state of organization; or if
any  event  of  default  exists  or occurs under any security agreement or other
document  evidencing  a  lien  against  any  Collateral; or if any of the events
described  in  this  section  with  respect  to  any  guarantor  of  this
Promissory  Note.  If  this Promissory Note is secured by improved real property
and  any  part  or  all  of  the  Collateral  is  sold  transferred, conveyed or
all  Signed(including  to a spouse, to a trust (living. revocable or otherwise).
through  probate or as a gift) without your prior; written consent, I will be in
default  of  this  Promissory  Note.  A  default  by  me any of us (if this is a
joint  loan) will be a default by all of us. You may collect from or bring legal
action against any of us (if this is a joint loan) without giving up any of your
rights  against  any other person. A court decree for divorce or separation o~ a
non-court  approved  mutual  agreement  does  not affect eliminate or reduce any
Borrower's  liability  for  the  Outstanding  Balance since NationsBank is not a
party  to  the  decree  or  to  the  agreement.

RIGHTS  AFTER  DEFAULT.  Whenever  there  is  an  event  or  default  under this
Promissory  Note,  subject  to  limitations  of  applicable  law,  we may demand
immediate  payment of the Outstanding Balance. After NationsBank has accelerated
the  maturity  of  this Promissory Note or after the maturity of this Promissory
Note.  whichever occurs first, I agree to pay interest from that date calculated
upon  the  amount legally owed by me, at an annual rate of interest equal to the
maximum amount allowable by law, provided that any interest paid or agreed to be
paid  by  me  to  you  shall  not  exceed  the  maximum  amount  possible  under
applicable  law.

WAIVERS.  I  waive  presentment,  demand,  notice  of  demand  and  notice  of
acceleration of maturity, protest and notice of non-payment, notice of dishonor,
and  any other notice whatsoever that may be legally waived, and I agree you may
accept  partial  payments  and  release or substitute, all without notice to me,
before  or  after maturity, and that you may also extend the time of oayment and
that  additional  makers,  co-makers, gurantors, and suritoes may become parties
hereto,  without  notice  to  me  or any of us and without effecting my iability
hereon.

OTHER  CHARGES.  I agree to pay, on demand, all costs and expenses of collection
of  this  Promissory Note or any of the guarantee thereof and/or the enforcement
of  your  rights  with  respect  to  the  promissory  note, including reasonable
attorney's fees equal to 10% of the outstanding balance or such higher amount as
a  court  may  deem reasonable. I also agree to pay $20.00 for the return of any
dishonored  payment  given  towards  the  Promissory  Note.

MISCELLANEOUS.  No waiver of any default by you shall operate as a waiver of any
other default. You do not have to pay a refund to me if the amount of the refund
is  less than $1.00. If any of the provisions of this Promissory Note shall, for
any  reason,  be  held to be invalid or unenforceable, such shall not effect any
portion  of  the  provision  hereof.  As  used herein, the singular number shall
include  the  plural.  To  improve  customer service calls may be recorded. This
promissory  note  shall  be  governed  by  the laws of the State of Florida. Any
notice  mailed  prepaid  to  my address shown at the beginning of the promissory
note  shall  give  at least five (5) days before the time and date for which the
event  will  occur.

NATLONSBANK  Page  4
R.1  Borrower  Loan  Number
00000000219982460009  Verbal  Verification  Date  PIERRE  ELLIOTT

NATIONSBANK.  N  .A.  ("NationsBank'.)  is making a loan to the above referenced
--------------------------------------
customer  secured by the collateral designated below. Our customer has indicated
that  insurance  coverage for the collateral described below is being secured by
you. This property is pledged to us as security and the right to receive payment
under  this policy. or any renewal thereof, has been assigned to us. NationsBank
should,  therefore,  be named Loss Payee/Mortgagee on the policy with tile right
to  pay  premium  payments  if  the insured fails to do so, with 30 days advance
notice  of  cancellation or non-renew~. We request you forward a signed original
policy  .or  a  true  and  certified  copy of the policy. providing the coverage
described  below  to  Insurance  Tracking  Services  P.O. Box 740030, Atlanta GA
30374-0030.

If  you  can not verify coverage, please indicate so in the space provided below
and  mail  this  form to Insurance Tracking Services P.O. Box 740080, Atlanta GA
30374.0080.

D  Mortgage/Deed  of  Trust  .NationsBank  should  be  named D First Mortgagee D
Second  Mortgagee

Property  Location  I  Replacement  Value  Insurance  1$
--------------------------------------------------
NationsBank  should  be  named  as  First  Loss  Payee  on  the  following:

Collateral  Description:  Year  Make  Model

91  FLEETWOOD  AMERICAN  EAGLE
---------------------------

4S7KT9$OXMC004075

D  Boats  (Security  Agreement) .NationsBank should be named as First Loss Payee
on  the  following:

D  Boat/Yacht  (Preferred  Mortgage)  .NationsBank  should  be  named  as  First
Mortgagee  on  the  following:
Replacement  Value  Insurance  $

D  Aircraft  (Security  Agreement)  -NationsBank  should  be named as First Lose
Payee  on  the  aircraft  described  below with a breach of warranty endorsement
description  of  aircraft  and  designated  pilot  rating.
under  your  arrangement  will  a  NationsBank  Corporation  affiliate  bank  to
accept  payments from its customers or at a NationsBank ATM, or is made m a form
other  than  a  check  or  money  order  (except  cash),  the payment may not be
credited  to  the  loan  for  up  to  five  (5) days. If the due date falls on a
Saturday,  Sunday  or  legal holiday, the due date Will not be extend and if you
do  not  receive  the payment at the address specified on or before the due date
the  payment  will  be  considered  late.[GREENTREE LETTERHEAD]

October 8, 2002

Pierre Elliott
Diamond Powersports, Inc.
10145 Northwest 46th Street
Sunrise, Florida 33351

Re: Addendum No. 1 to Agreement for Non-IPO services

Dear Mr. Elliott:

In  accordance  with our January 15, 2001 agreement for services, 400,000 common
shares  were  issued  to  our firm for services contained in that document. This
addendum  shall  clarify  the  terms of the agreement that of the 400,000 shares
issued,  100,000 shall be under voluntary lock-up until such time as the Company
is  reporting  with  the Securities and Exchange Commission and 100,000 shall be
under  voluntary  lock-up  until  December  31,  2003.

Sincerely,

____________________
R. Chris Cottone, CPA

Reviewed and Agreed:

____________________
Pierre Elliott, President

              555 S. POWERLINE ROAD - POMPANO BEACH, FLORIDA 33069
                       (954) 975-9601 * (954) 979-6695 FAX

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