EX-10.23
from 10-K
1 page
April 11, 1997 Mr. Eiichi Isomura Chairman Isomura Sangyo Kaisha Ltd. Dear Mr. Isomura: This Letter Will Serve as a Formal Request to Extend the Payment of the Series A-1, Series A-2 and Series A-3 Bond for a Period of One Year. Accordingly, the Payment of the Series A-1 Bond Scheduled for October 1, 1997 Would Be Paid October 1, 1998 and the Payment of the Series A-1 Bond Scheduled for October 1, 1998 Would Be Paid October 1, 1999. the Payment of the Series A-2 Bond Scheduled for December 16, 1997 Would Be Paid December 16, 1998 and the Payment of the Series A-2 Bond Scheduled for December 16, 1998 Would Be Paid December 16, 1999. the Payment of the Series A-3 Bond Scheduled for December 16, 1998 Would Be Paid December 16, 1999. All Other Terms of the Bonds, Including Interest Would Remain Unchanged. in the Event That Marker International Shall Complete an Additional Equity Offering or Preferred Stock Offering During the Calendar Year 1997 or 1998 Proceeds From the Offering Would Be Used to Repay the Bonds According to the Original Scheduled Payment Terms. if You Are in Agreement to This Extension Please Sign This Letter in the Space Provided Below. Sincerely, /S/Brad L. Stewart Brad L. Stewart Executive Vice President Chief Operating Officer Marker International Agreed To: /S/Eiichi Isomura Agreed To: /S/Brad L. Stewart Eiichi Isomura Brad L. Stewart Isomura Sangyo Kaisha Ltd Marker International Date: April 11, 1997 Date: April 11, 1997
12/34/56
