American Artists Entertainment Corp Watch

from 10KSB ~5 pages Amendment #1 to Loan & Security Agreement/04/02/98

from 10QSB >50 pages Loan and Security Agreement

from 10KSB 1 page <page> [Letterhead of American Artists Film Corporation Appears Here] July 17, 1997 Mr. Ben Noble 3261 Lenox Road, N.E. Atlanta, Georgia 30324 Re: Letter of Agreement This Letter Will Confirm the Terms and Conditions of an Unsecured Revolving Line of Credit, in the Amount of $100,000, Established in Favor of American Artists Film Corporation ("Aafc"). Borrowings May Be Made Under This Agreement for a Period of 365 Days, However, Any Remaining Outstanding Amounts, With Interest, Will Be Due and Payable No Later Than July 17, 1998. Interest, Calculated at the Prime Rate Plus 1%, Will Be Due and Payable on a Monthly Basis, No Later Than the 15th Day of Each Month. This Letter of Agreement Sets Forth the Terms of This Agreement in Its Entirety. Accepted and Agreed to By: American Artists Film Corporation /S/ Steven D. Brown - Steven D. Brown, Chairman and CEO /S/ Ben Noble - Mr. Ben Noble

from 10KSB 1 page <page> [Letterhead of Icon International, Inc. Appears Here] October 20, 1997 Mr. Eric Van Atta American Artists Film Corporation 1245 Fowler Street, N.W. Atlanta, Ga. 30318 Dear Eric: As Discussed, We Are in Agreement to Extend the Expiration Date of Your $500,000 in Trade Credits to 12/31/98, and This Letter So Extends Them. I Hope You Are Prospering, and We Look Forward to Continuing Our Relationship. Sincerely, /S/ Lance Lundberg Lance Lundberg CC: R. Lellio