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<br />CITY PROMISSORY NOTE <br /> <br />Santa Ana, California <br />$22,304.00 <br /> <br />May -.!.L, 2009 <br /> <br />FOR VALUE RECEIVED, the undersigned Downtown Incorporated, a California non-profit <br />corporation, ("Borrower"), promises to pay to the City of Santa Ana, a charter city and municipal <br />corporation, ("City"), on order, at 20 Civic Center Plaza, Santa Ana, California, 92701, or such <br />other location as the holder hereof may designate, the sum of $22,304.00, without interest, <br />pursuant to the terms of that certain Loan Agreement entered into by and between the Borrower <br />and City dated May 18, 2009, which are incorporated herein as if set forth in full by this <br />reference (the "Agreement"). <br /> <br />"Borrower" <br /> <br />By:A~~ <br />f/ <br />Its: President <br />