COMMERCIAL PROMISSORY NOTE

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 NAME(S)/ADDRESS(ES) OF BORROWER(S) ("Borrower, I, My or Me")              NAME/ADDRESS OF LENDER (CREDITOR) ("Lender, You or Your")

   SIGNATURE EYEWEAR, INC.

                                                                           HOME LOAN INVESTMENT COMPANY

                                                                           205 NORTH 4TH STREET

   BY: MICHAEL PRINCE, CEO                                                 GRAND JUNCTION, CO 81501

   498 N. OAK STREET

   INGLEWOOD CA 90302

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    NOTE NUMBER        TRANSACTION DATE         MATURITY DATE         OFFICE         OFFICER                      LOAN AMOUNT

     100092449             10/3l/05                7/31/07                           EBD                           655,693.00

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For value received, on or before the Maturity Date, the undersigned Borrower promises to pay the principal amount, together with

interest, and any other charges, including service charges, to the order of the Lender at its office at the address noted above or

holder, all in lawful money of the United States of America. The undersigned further agrees to the terms below and on page two of

this Note.



Words, numbers or phrases preceded by a [_] are applicable only if the [_] is marked.

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PRINCIPAL AMOUNT -                                                                                                      $ 655,693.00

Six hundred fifty five thousand six hundred ninety three & no/100

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PAYMENT SCHEDULE:  [x] In 1 installments of $         [_] plus interest [x] including interest       starting

[_] interest only starting                                                  and payable          [_] monthly.         [_] quarterly,

[_]

[X] interest, principal and other charges due on Maturity Date.

[_] other payment schedule:



INTEREST RATE:

This loan is subject to    [x] a fixed interest rate of 12.0000% per             [_] annum a variable simple interest rate, which is

                           % greater than:    [_]  equal to:  [_]                  % less than: the following Index:



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Initial Variable Simple          Present Variable          Minimum                Maximum                Interest Rate

   Interest Rate                   Interest Rate         Interest Rate          Interest Rate          Changes Will Occur:

       N/A  %                          N/A  %              N/A  %                 N/A  %                     N/A  %

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Interest will be calculated on the unpaid balance for the actual days outstanding on a:   [x] 365/365 Day Basis.    [_] / Day Basis.



DEFAULT RATE:  If in default the interest rate shall be:  [x]  25.000 %  per annum.    [_]   %  in excess of the Index.



LATE CHARGE:   If Borrower is more than 10 days late in making any payment, in addition to such payment, Borrower will pay a late

charge of:



[_]  the lesser of  [_] the greater of  [x] an amount equal to  [x] $15.00  or  [x] 5.000% of the payment in default.



PAYABLE ON DEMAND:  [_] Payment is due upon demand.  [X] Payment is due upon demand, but in any event, not later than Maturity Date.



LINE OF CREDIT:  [_] If this Note is not in default, Lender may make advances an a continuing basis up to the Principal Amount.

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[_]   Additional Note Provisions:

































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Security for this Note, if any, (the "Collateral") is granted pursuant to the following document(s) executed on the date(s) noted

below:



    [X] security agreement dated 10/31/05



    [_] mortgage, deed of trust, trust deed or security deed dated






 

 

	

		

		

		
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