Promissory Note to Grand Cheer Company

EXHIBIT 99.3

PROMISSORY NOTE IN THE AMOUNT OF $1,000,000 USD

Grand Cheer Company Ltd. (“Grand Cheer”) agrees to loan TurboChef Technologies, Inc. (“TurboChef” or “the Company”) the sum of $1,000,000 US Dollars, payable via wire transfer on July 15, 2002, under the following terms and conditions:

Note is secured by 350 C-3 Rapid Cook Ovens. The individual serial numbers are attached to Schedule A.

The note is due and payable in full on October 15, 2002.

A total of $2,857.17 US Dollars will be repaid to Grand Cheer upon the collection of accounts receivable from the sale of each of the 350 ovens included on Schedule A. Funds will be wire transferred to the attention of Grand Cheer within 5 business days of the collection of the accounts receivable to an account of Grand Cheer’s choosing.

A finance charge $200,000.00 US Dollars will be assessed on this note. These fees may be repaid by TurboChef by offsetting the strike price of the warrants granted to Grand Cheer with its purchase of the Company’s Series B Preferred Stock.

This loan may not be extended without written approval from Grand Cheer.

TurboChef understands that this note is being given to ease the short term liquidity situation described by the Company.

If the Company does not repay this note in full on October 15, 2002, the Company agrees to immediately vest all remaining warrants granted to Grand Cheer with its purchase of the Company’s Series B Preferred Stock.

If the Company does not repay this note in full on October 15, 2002, all costs incurred by Grand Cheer to collect the remaining balance will be the responsibility of TurboChef.

Agreed and accepted this 11^th day of July 2002

/s/ Chris Hall				/s/ Jeffrey B. Bogatin
Chris Hall Principle Grand Cheer Company LTD.				Jeffrey B. Bogatin Chairman and CEO TurboChef Technologies, Inc.

Attachment A Ovens as security against note
C3C-N-208-60-PH1 / CHINA	C310012	1
C3C-N-208-60-PH1 / CHINA	C310232	2
C3C-N-208-60-PH1 / CHINA	C310320	3
C3C-N-208-60-PH1 / CHINA	C310339	4
C3C-N-208-60-PH1 / CHINA	C310342	5
C3C-N-208-60-PH1 / CHINA	C310351	6
C3C-N-208-60-PH1 / CHINA	C310360	7
C3C-N-208-60-PH1 / CHINA	C310368	8
C3C-N-208-60-PH1 / CHINA	C310372	9
C3C-N-208-60-PH1 / CHINA	C310373	10
C3C-N-208-60-PH1 / CHINA	C310377	11
C3C-N-208-60-PH1 / CHINA	C310387	12
C3C-N-208-60-PH1 / CHINA	C310389	13
C3C-N-208-60-PH1 / CHINA	C310403	14
C3C-N-208-60-PH1 / CHINA	C310404	15
C3C-N-208-60-PH1 / CHINA	C310407	16
C3C-N-208-60-PH1 / CHINA	C310412	17
C3C-N-208-60-PH1 / CHINA	C310414	18
C3C-N-208-60-PH1 / CHINA	C310416	19
C3C-N-208-60-PH1 / CHINA	C310418	20
C3C-N-208-60-PH1 / CHINA	C310419	21
C3C-N-208-60-PH1 / CHINA	C310421	22
C3C-N-208-60-PH1 / CHINA	C310422	23
C3C-N-208-60-PH1 / CHINA	C310424	24
C3C-N-208-60-PH1 / CHINA	C310425	25
C3C-N-208-60-PH1 / CHINA	C310426	26
C3C-N-208-60-PH1 / CHINA	C310428	27
C3C-N-208-60-PH1 / CHINA	C310430	28
C3C-N-208-60-PH1 / CHINA	C310435	29
C3C-N-208-60-PH1 / CHINA	C310436	30
C3C-N-208-60-PH1 / CHINA	C310437	31
C3C-N-208-60-PH1 / CHINA	C310438	32
C3C-N-208-60-PH1 / CHINA	C310439	33
C3C-N-208-60-PH1 / CHINA	C310441	34
C3C-N-208-60-PH1 / CHINA	C310443	35
C3C-N-208-60-PH1 / CHINA	C310445	36
C3C-N-208-60-PH1 / CHINA	C310447	37
C3C-N-208-60-PH1 / CHINA	C310448	38
C3C-N-208-60-PH1 / CHINA	C310451	39
C3C-N-208-60-PH1 / CHINA	C310452	40
C3C-N-208-60-PH1 / CHINA	C310453	41
C3C-N-208-60-PH1 / CHINA	C310455	42
C3C-N-208-60-PH1 / CHINA	C310459	43
C3C-N-208-60-PH1 / CHINA	C310465	44
C3C-N-208-60-PH1 / CHINA	C310466	45
C3C-N-208-60-PH1 / CHINA	C310467	46
C3C-N-208-60-PH1 / CHINA	C310468	47
C3C-N-208-60-PH1 / CHINA	C310472	48
C3C-N-208-60-PH1 / CHINA	C310474	49

Page 1 of 8

Attachment A Ovens as security against note
C3C-N-208-60-PH1 / CHINA	C310475	50
C3C-N-208-60-PH1 / CHINA	C310476	51
C3C-N-208-60-PH1 / CHINA	C310477	52
C3C-N-208-60-PH1 / CHINA	C310478	53
C3C-N-208-60-PH1 / CHINA	C310481	54
C3C-N-208-60-PH1 / CHINA	C310482	55
C3C-N-208-60-PH1 / CHINA	C310484	56
C3C-N-208-60-PH1 / CHINA	C310485	57
C3C-N-208-60-PH1 / CHINA	C310486	58
C3C-N-208-60-PH1 / CHINA	C310490	59
C3C-N-208-60-PH1 / CHINA	C310491	60
C3C-N-208-60-PH1 / CHINA	C310492	61
C3C-N-208-60-PH1 / CHINA	C320501	62
C3C-N-208-60-PH1 / CHINA	C320510	63
C3C-N-208-60-PH1 / CHINA	C320539	64
C3C-N-208-60-PH1 / CHINA	C320542	65
C3C-N-208-60-PH1 / CHINA	C320556	66
C3C-N-208-60-PH1 / CHINA	C320563	67
C3C-N-208-60-PH1 / CHINA	C320565	68
C3C-N-208-60-PH1 / CHINA	C320571	69
C3C-N-208-60-PH1 / CHINA	C320578	70
C3C-N-208-60-PH1 / CHINA	C320581	71
C3C-N-208-60-PH1 / CHINA	C320582	72
C3C-N-208-60-PH1 / CHINA	C320583	73
C3C-N-208-60-PH1 / CHINA	C320586	74
C3C-N-208-60-PH1 / CHINA	C320588	75
C3C-N-208-60-PH1 / CHINA	C320589	76
C3C-N-208-60-PH1 / CHINA	C320590	77
C3C-N-208-60-PH1 / CHINA	C320591	78
C3C-N-208-60-PH1 / CHINA	C320592	79
C3C-N-208-60-PH1 / CHINA	C320594	80
C3C-N-208-60-PH1 / CHINA	C320595	81
C3C-N-208-60-PH1 / CHINA	C320596	82
C3C-N-208-60-PH1 / CHINA	C320599	83
C3C-N-208-60-PH1 / CHINA	C320600	84
C3C-N-208-60-PH1 / CHINA	C320603	85
C3C-N-208-60-PH1 / CHINA	C320608	86
C3C-N-208-60-PH1 / CHINA	C320612	87
C3C-N-208-60-PH1 / CHINA	C320613	88
C3C-N-208-60-PH1 / CHINA	C320615	89
C3C-N-208-60-PH1 / CHINA	C320617	90
C3C-N-208-60-PH1 / CHINA	C320620	91
C3C-N-208-60-PH1 / CHINA	C320623	92
C3C-N-208-60-PH1 / CHINA	C320625	93
C3C-N-208-60-PH1 / CHINA	C320633	94
C3C-N-208-60-PH1 / CHINA	C320635	95
C3C-N-208-60-PH1 / CHINA	C320641	96
C3C-N-208-60-PH1 / CHINA	C320642	97
C3C-N-208-60-PH1 / CHINA	C320648	98

Page 2 of 8

Attachment A Ovens as security against note
C3C-N-208-60-PH1 / CHINA	C320660	99
C3C-N-208-60-PH1 / CHINA	C320666	100
C3C-N-208-60-PH1 / CHINA	C310278	101
C3C-N-208-60-PH1 / CHINA	C310281	102
C3C-N-208-60-PH1 / CHINA	C310293	103
C3C-N-208-60-PH1 / CHINA	C310337	104
C3C-N-208-60-PH1 / CHINA	C310338	105
C3C-N-208-60-PH1 / CHINA	C310358	106
C3C-N-208-60-PH1 / CHINA	C310361	107
C3C-N-208-60-PH1 / CHINA	C310362	108
C3C-N-208-60-PH1 / CHINA	C310364	109
C3C-N-208-60-PH1 / CHINA	C310370	110
C3C-N-208-60-PH1 / CHINA	C310375	111
C3C-N-208-60-PH1 / CHINA	C310376	112
C3C-N-208-60-PH1 / CHINA	C310383	113
C3C-N-208-60-PH1 / CHINA	C310388	114
C3C-N-208-60-PH1 / CHINA	C310390	115
C3C-N-208-60-PH1 / CHINA	C310391	116
C3C-N-208-60-PH1 / CHINA	C310393	117
C3C-N-208-60-PH1 / CHINA	C310405	118
C3C-N-208-60-PH1 / CHINA	C310409	119
C3C-N-208-60-PH1 / CHINA	C310413	120
C3C-N-208-60-PH1 / CHINA	C310427	121
C3C-N-208-60-PH1 / CHINA	C310458	122
C3C-N-208-60-PH1 / CHINA	C310460	123
C3C-N-208-60-PH1 / CHINA	C310461	124
C3C-N-208-60-PH1 / CHINA	C320584	125
C3C-N-208-60-PH1 / CHINA	C320609	126
C3C-N-208-60-PH1 / CHINA	C320646	127
C3C-N-208-60-PH1 / CHINA	C320655	128
C3C-N-208-60-PH1 / CHINA	C320656	129
C3C-N-208-60-PH1 / CHINA	C320667	130
C3C-N-208-60-PH1 / CHINA	C320671	131
C3C-N-208-60-PH1 / CHINA	C320673	132
C3C-N-208-60-PH1 / CHINA	C320677	133
C3C-N-208-60-PH1 / CHINA	C320678	134
C3C-N-208-60-PH1 / CHINA	C320679	135
C3C-N-208-60-PH1 / CHINA	C320682	136
C3C-N-208-60-PH1 / CHINA	C320686	137
C3C-N-208-60-PH1 / CHINA	C320688	138
C3C-N-208-60-PH1 / CHINA	C320689	139
C3C-N-208-60-PH1 / CHINA	C320697	140
C3C-N-208-60-PH1 / CHINA	C320698	141
C3C-N-208-60-PH1 / CHINA	C320699	142
C3C-N-208-60-PH1 / CHINA	C320702	143
C3C-N-208-60-PH1 / CHINA	C320704	144
C3C-N-208-60-PH1 / CHINA	C320706	145
C3C-N-208-60-PH1 / CHINA	C310357	146
C3C-N-208-60-PH1 / CHINA	C310365	147

Page 3 of 8

Attachment A Ovens as security against note
C3C-N-208-60-PH1 / CHINA	C310366	148
C3C-N-208-60-PH1 / CHINA	C310371	149
C3C-N-208-60-PH1 / CHINA	C310382	150
C3C-N-208-60-PH1 / CHINA	C310394	151
C3C-N-208-60-PH1 / CHINA	C310396	152
C3C-N-208-60-PH1 / CHINA	C310402	153
C3C-N-208-60-PH1 / CHINA	C310406	154
C3C-N-208-60-PH1 / CHINA	C310411	155
C3C-N-208-60-PH1 / CHINA	C310444	156
C3C-N-208-60-PH1 / CHINA	C310488	157
C3C-N-208-60-PH1 / CHINA	C320541	158
C3C-N-208-60-PH1 / CHINA	C320544	159
C3C-N-208-60-PH1 / CHINA	C320577	160
C3C-N-208-60-PH1 / CHINA	C320580	161
C3C-N-208-60-PH1 / CHINA	C320587	162
C3C-N-208-60-PH1 / CHINA	C320604	163
C3C-N-208-60-PH1 / CHINA	C320605	164
C3C-N-208-60-PH1 / CHINA	C320606	165
C3C-N-208-60-PH1 / CHINA	C320607	166
C3C-N-208-60-PH1 / CHINA	C320610	167
C3C-N-208-60-PH1 / CHINA	C320611	168
C3C-N-208-60-PH1 / CHINA	C320624	169
C3C-N-208-60-PH1 / CHINA	C320637	170
C3C-N-208-60-PH1 / CHINA	C320645	171
C3C-N-208-60-PH1 / CHINA	C320649	172
C3C-N-208-60-PH1 / CHINA	C320650	173
C3C-N-208-60-PH1 / CHINA	C320658	174
C3C-N-208-60-PH1 / CHINA	C320661	175
C3C-N-208-60-PH1 / CHINA	C320664	176
C3C-N-208-60-PH1 / CHINA	C320665	177
C3C-N-208-60-PH1 / CHINA	C320670	178
C3C-N-208-60-PH1 / CHINA	C320674	179
C3C-N-208-60-PH1 / CHINA	C320684	180
C3C-N-208-60-PH1 / CHINA	C320685	181
C3C-N-208-60-PH1 / CHINA	C320687	182
C3C-N-208-60-PH1 / CHINA	C320691	183
C3C-N-208-60-PH1 / CHINA	C320693	184
C3C-N-208-60-PH1 / CHINA	C320695	185
C3C-N-208-60-PH1 / CHINA	C320696	186
C3C-N-208-60-PH1 / CHINA	C320700	187
C3C-N-208-60-PH1 / CHINA	C320701	188
C3C-N-208-60-PH1 / CHINA	C310793	189
C3C-N-208-60-PH1 / CHINA	C310833	190
C3C-N-208-60-PH1 / CHINA	C320776	191
C3C-N-208-60-PH1 / CHINA	C320777	192
C3C-N-208-60-PH1 / CHINA	C320778	193
C3C-N-208-60-PH1 / CHINA	C320779	194
C3C-N-208-60-PH1 / CHINA	C320780	195
C3C-N-208-60-PH1 / CHINA	C320782	196

Page 4 of 8

Attachment A Ovens as security against note
C3C-N-208-60-PH1 / CHINA	C320783	197
C3C-N-208-60-PH1 / CHINA	C320785	198
C3C-N-208-60-PH1 / CHINA	C320789	199
C3C-N-208-60-PH1 / CHINA	C320791	200
C3C-N-208-60-PH1 / CHINA	C320798	201
C3C-N-208-60-PH1 / CHINA	C320800	202
C3C-N-208-60-PH1 / CHINA	C320801	203
C3C-N-208-60-PH1 / CHINA	C320806	204
C3C-N-208-60-PH1 / CHINA	C320807	205
C3C-N-208-60-PH1 / CHINA	C320808	206
C3C-N-208-60-PH1 / CHINA	C320809	207
C3C-N-208-60-PH1 / CHINA	C320811	208
C3C-N-208-60-PH1 / CHINA	C320812	209
C3C-N-208-60-PH1 / CHINA	C320813	210
C3C-N-208-60-PH1 / CHINA	C320814	211
C3C-N-208-60-PH1 / CHINA	C320815	212
C3C-N-208-60-PH1 / CHINA	C320816	213
C3C-N-208-60-PH1 / CHINA	C320817	214
C3C-N-208-60-PH1 / CHINA	C320818	215
C3C-N-208-60-PH1 / CHINA	C320819	216
C3C-N-208-60-PH1 / CHINA	C320820	217
C3C-N-208-60-PH1 / CHINA	C320821	218
C3C-N-208-60-PH1 / CHINA	C320822	219
C3C-N-208-60-PH1 / CHINA	C320823	220
C3C-N-208-60-PH1 / CHINA	C320824	221
C3C-N-208-60-PH1 / CHINA	C320825	222
C3C-N-208-60-PH1 / CHINA	C320826	223
C3C-N-208-60-PH1 / CHINA	C320827	224
C3C-N-208-60-PH1 / CHINA	C320828	225
C3C-N-208-60-PH1 / CHINA	C320829	226
C3C-N-208-60-PH1 / CHINA	C320830	227
C3C-N-208-60-PH1 / CHINA	C320831	228
C3C-N-208-60-PH1 / CHINA	C320832	229
C3C-N-208-60-PH1 / CHINA	C320834	230
C3C-N-208-60-PH1 / CHINA	C320835	231
C3C-N-208-60-PH1 / CHINA	C320836	232
C3C-N-208-60-PH1 / CHINA	C320837	233
C3C-N-208-60-PH1 / CHINA	C320838	234
C3C-N-208-60-PH1 / CHINA	C320839	235
C3C-N-208-60-PH1 / CHINA	C320840	236
C3C-N-208-60-PH1 / CHINA	C320841	237
C3C-N-208-60-PH1 / CHINA	C320842	238
C3C-N-208-60-PH1 / CHINA	C320843	239
C3C-N-208-60-PH1 / CHINA	C320844	240
C3C-N-208-60-PH1 / CHINA	C320845	241
C3C-N-208-60-PH1 / CHINA	C320846	242
C3C-N-208-60-PH1 / CHINA	C320848	243
C3C-N-208-60-PH1 / CHINA	C320849	244
C3C-N-208-60-PH1 / CHINA	C320850	245

Page 5 of 8

Attachment A Ovens as security against note
C3C-N-208-60-PH1 / CHINA	C320851	246
C3C-N-208-60-PH1 / CHINA	C320852	247
C3C-N-208-60-PH1 / CHINA	C320853	248
C3C-N-208-60-PH1 / CHINA	C320854	249
C3C-N-208-60-PH1 / CHINA	C320855	250
C3C-N-208-60-PH1 / CHINA	C320856	251
C3C-N-208-60-PH1 / CHINA	C320857	252
C3C-N-208-60-PH1 / CHINA	C320858	253
C3C-N-208-60-PH1 / CHINA	C320859	254
C3C-N-208-60-PH1 / CHINA	C320860	255
C3C-N-208-60-PH1 / CHINA	C320861	256
C3C-N-208-60-PH1 / CHINA	C320862	257
C3C-N-208-60-PH1 / CHINA	C320863	258
C3C-N-208-60-PH1 / CHINA	C320864	259
C3C-N-208-60-PH1 / CHINA	C320865	260
C3C-N-208-60-PH1 / CHINA	C320866	261
C3C-N-208-60-PH1 / CHINA	C320867	262
C3C-N-208-60-PH1 / CHINA	C320868	263
C3C-N-208-60-PH1 / CHINA	C320869	264
C3C-N-208-60-PH1 / CHINA	C320870	265
C3C-N-208-60-PH1 / CHINA	C320871	266
C3C-N-208-60-PH1 / CHINA	C320872	267
C3C-N-208-60-PH1 / CHINA	C320873	268
C3C-N-208-60-PH1 / CHINA	C320874	269
C3C-N-208-60-PH1 / CHINA	C320875	270
C3C-N-208-60-PH1 / CHINA	C320876	271
C3C-N-208-60-PH1 / CHINA	C320877	272
C3C-N-208-60-PH1 / CHINA	C320878	273
C3C-N-208-60-PH1 / CHINA	C320879	274
C3C-N-208-60-PH1 / CHINA	C320880	275
C3C-N-208-60-PH1 / CHINA	C320881	276
C3C-N-208-60-PH1 / CHINA	C320882	277
C3C-N-208-60-PH1 / CHINA	C320883	278
C3C-N-208-60-PH1 / CHINA	C320884	279
C3C-N-208-60-PH1 / CHINA	C320886	280
C3C-N-208-60-PH1 / CHINA	C320887	281
C3C-N-208-60-PH1 / CHINA	C320888	282
C3C-N-208-60-PH1 / CHINA	C320889	283
C3C-N-208-60-PH1 / CHINA	C320890	284
C3C-N-208-60-PH1 / CHINA	C320891	285
C3C-N-208-60-PH1 / CHINA	C320892	286
C3C-N-208-60-PH1 / CHINA	C320893	287
C3C-N-208-60-PH1 / CHINA	C320894	288
C3C-N-208-60-PH1 / CHINA	C320895	289
C3C-N-208-60-PH1 / CHINA	C320896	290
C3C-N-208-60-PH1 / CHINA	C320897	291
C3C-N-208-60-PH1 / CHINA	C320898	292
C3C-N-208-60-PH1 / CHINA	C320899	293
C3C-N-208-60-PH1 / CHINA	C320900	294

Page 6 of 8

Attachment A Ovens as security against note
C3C-N-208-60-PH1 / CHINA	C320901	295
C3C-N-208-60-PH1 / CHINA	C320902	296
C3C-N-208-60-PH1 / CHINA	C320903	297
C3C-N-208-60-PH1 / CHINA	C320904	298
C3C-N-208-60-PH1 / CHINA	C320905	299
C3C-N-208-60-PH1 / CHINA	C320906	300
C3C-N-208-60-PH1 / CHINA	C320907	301
C3C-N-208-60-PH1 / CHINA	C320908	302
C3C-N-208-60-PH1 / CHINA	C320909	303
C3C-N-208-60-PH1 / CHINA	C320910	304
C3C-N-208-60-PH1 / CHINA	C320911	305
C3C-N-208-60-PH1 / CHINA	C320912	306
C3C-N-208-60-PH1 / CHINA	C320914	307
C3C-N-208-60-PH1 / CHINA	C320915	308
C3C-N-208-60-PH1 / CHINA	C320916	309
C3C-N-208-60-PH1 / CHINA	C320917	310
C3C-N-208-60-PH1 / CHINA	C320918	311
C3C-N-208-60-PH1 / CHINA	C320919	312
C3C-N-208-60-PH1 / CHINA	C320920	313
C3C-N-208-60-PH1 / CHINA	C320921	314
C3C-N-208-60-PH1 / CHINA	C320922	315
C3C-N-208-60-PH1 / CHINA	C320923	316
C3C-N-208-60-PH1 / CHINA	C320924	317
C3C-N-208-60-PH1 / CHINA	C320925	318
C3C-N-208-60-PH1 / CHINA	C320926	319
C3C-N-208-60-PH1 / CHINA	C320927	320
C3C-N-208-60-PH1 / CHINA	C320928	321
C3C-N-208-60-PH1 / CHINA	C320929	322
C3C-N-208-60-PH1 / CHINA	C320930	323
C3C-N-208-60-PH1 / CHINA	C320932	324
C3C-N-208-60-PH1 / CHINA	C320933	325
C3C-N-208-60-PH1 / CHINA	C320934	326
C3C-N-208-60-PH1 / CHINA	C320935	327
C3C-N-208-60-PH1 / CHINA	C320936	328
C3C-N-208-60-PH1 / CHINA	C320937	329
C3C-N-208-60-PH1 / CHINA	C320938	330
C3C-N-208-60-PH1 / CHINA	C320939	331
C3C-N-208-60-PH1 / CHINA	C320940	332
C3C-N-208-60-PH1 / CHINA	C320941	333
C3C-N-208-60-PH1 / CHINA	C320943	334
C3C-N-208-60-PH1 / CHINA	C320944	335
C3C-N-208-60-PH1 / CHINA	C320946	336
C3C-N-208-60-PH1 / CHINA	C320948	337
C3C-N-208-60-PH1 / CHINA	C320949	338
C3C-N-208-60-PH1 / CHINA	C320951	339
C3C-N-208-60-PH1 / CHINA	C320956	340
C3C-N-208-60-PH1 / CHINA	C320957	341
C3C-N-208-60-PH1 / CHINA	C320958	342
C3C-N-208-60-PH1 / CHINA	C320961	343

Page 7 of 8

Attachment A Ovens as security against note
C3C-N-208-60-PH1 / CHINA	C320962	344
C3C-N-208-60-PH1 / CHINA	C320963	345
C3C-N-208-60-PH1 / CHINA	C320964	346
C3C-N-208-60-PH1 / CHINA	C320966	347
C3C-N-208-60-PH1 / CHINA	C320972	348
C3C-N-208-60-PH1 / CHINA	C320593	349
C3C-N-208-60-PH1 / CHINA	C320626	350

Page 8 of 8