EX-10.50
from 10-Q
2 pages
Agent Has Been Informed That Borrower Intends to Terminate the Loan Agreement as of May 1, 2002 (The “Termination Date”) and to Satisfy in Full All Loans and Other Non-Contingent Obligations of Borrower to Agent Outstanding on the Effective Date of Such Termination (Collectively, the “ Obligations”), Including, but Not Limited To, All Principal, Interest, Legal Fees and Other Charges Outstanding or Payable Under the Loan Agreement in the Amounts Set Forth in the Following Paragraph. Borrower Has Advised Agent That Satisfaction of the Obligations Will Be Effected by the Wire Transfer to Agent of Immediately Available Funds in an Amount Sufficient to Satisfy the Full Amount of the Obligations on the Date of Payment. to the End of Facilitating Borrower’s Wire Transfer of Funds on the Termination Date to Satisfy the Obligations, Please Be Advised That the Total Obligations as of the Date Hereof Consist of the Following: 1. Principal Balance $ 0 2. Audit Expense $ 7,654.00 3. Prepayment Fees or Termination Charges $425,000.00 4. Legal Fees $ 10,000.00 5. Unused Line Fee/Float Day Charges/Wire Fees $ 4,735.75 Total $447,389.75
12/34/56