EX-1
from SC 13D/A
1 page
Exhibit 1 Loan Agreement This Loan Agreement Is Made This 11th Day of August, 1998 Whereby Kenneth L. Blum, Sr. Agrees to Lend Kenneth L. Blum, Jr. Five Hundred Twelve Thousand Seventy Two Dollars and Fifty Cents ($512,072.50) to Exercise 1,764,750 Options of Avesis Incorporated Common Stock. the Terms of This Agreement Shall Be 5% Interest Over a Fifteen (15) Year Period and the Payments Shall Be $49,334.24 Per Year. the Payments Shall Begin One Year From Today on August 11, 1999. the Stock Will Be Held in Escrow Until the Loan Is Fully Repaid. Agreed and Accepted /S/ Kenneth L. Blum, Sr. 8/11/98 - Kenneth L. Blum, Sr. Date /S/ Kenneth L. Blum, Jr. 8/11/98 - Kenneth L. Blum, Jr. Date State of Maryland County of Carroll on This 11th Day of August, 1998, Before Me, the Undersigned, Personally Appeared Kenneth L. Blum, Sr., Who Acknowledged Himself as the Lender, and Personally Appeared Kenneth L. Blum, Jr., Who Acknowledged Himself as the Borrower, in the Foregoing Instrument for the Purposes Contained Therein by Signing His Name. in Witness Whereof I Hereunto Set My Hand and Official Seal. /S/ Dee Wallace Notary Public 12/27/98 - My Commission Expires
12/34/56
EX-1
from SC 13D/A
1 page
Exhibit 1 Loan Agreement This Loan Agreement Is Made This 11th Day of August, 1998 Whereby Kenneth L. Blum, Sr. Agrees to Lend Alan S. Cohn Five Hundred Eight Thousand Nine Hundred Seventy Two Dollars and Fifty Cents ($508,972.50) to Exercise 1,754,750 Options of Avesis Incorporated Common Stock. the Terms of This Agreement Shall Be 5% Interest Over a Fifteen (15) Year Period and the Payments Shall Be $49,035.57 Per Year. the Payments Shall Begin One Year From Today on August 11, 1999. the Stock Will Be Held in Escrow Until the Loan Is Fully Repaid. Agreed and Accepted /S/ Kenneth L. Blum, Sr. 8/11/98 - Kenneth L. Blum, Sr. Date /S/ Alan S. Cohn 8/11/98 - Alan S. Cohn Date State of Maryland County of Carroll on This 11th Day of August, 1998, Before Me, the Undersigned, Personally Appeared Kenneth L. Blum, Sr., Who Acknowledged Himself as the Lender, and Personally Appeared Alan S. Cohn, Who Acknowledged Himself as the Borrower, in the Foregoing Instrument for the Purposes Contained Therein by Signing His Name. in Witness Whereof I Hereunto Set My Hand and Official Seal. /S/ Dee Wallace Notary Public 12/27/98 - My Commission Expires
12/34/56
EX-1
from SC 13D
1 page
Exhibit 1 Supplemental Agreement to the December 5, 1994 Investment Banking Agreement This Agreement Is Entered Into This 23rd Day of April, 1998, by and Between Richter & Co., Inc. ("Richter") and Avesis Incorporated, a Delaware Corporation (The "Company"), and Supplements the December 5, 1994 Agreement Between the Parties, Which Remains in Effect. 1. the Company Acknowledges That Richter Has Provided the Conceptual Idea for the Section 3(a)(9) Exchange Offer as a Means of Addressing Management's Concerns About the Significant Market Effects Arising From the Outstanding Class A, Cumulative Convertible Preferred Stock, Series 2, and Its Accumulated Dividend Arrearages. Richter Has Also Devised the Terms of the Exchange Offer and Submitted Such to the Company's Board of Directors, Which Has Approved Such Terms and Conditions. 2. for Such Services, Richter Shall Be Entitled to a Fee of $50,000 in Cash and 250,000 Shares of Company's Common Stock, Par Value $.01, for Its Services Under This Supplemental Agreement and Any Unpaid Fees Under the December 5, 1994 Agreement. Such Fee Will Be Payable Upon the Mailing to Shareholders of the Exchange Offer of the Class A, Cumulative Convertible Preferred Stock, Series 2 and the 250,000 Shares Will Be Issued as the Company Is Instructed in a Letter From Richter to the Company. 3. the Parties Agree That Richter Shall Limit Its Services So That They Will Not Constitute "Solicitation" as the Term Is Understood for Purposes of Section 3(a)(9) of the Securities Act of 1933, as Amended. Avesis Incorporated By: /S/ Joel H. Alperstein Its: Treasurer Richter & Co., Inc. By: /S/ William L. Richter Its: President
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