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XXXXXXX X. XXXXXXXX
XXXXXXX.XXX, INC.
000 XXXX XXX XXXXX, XXXXXX XXXXX
XXXXXXX, XXXXXXX 00000
March 9, 1999
xxxxxxx.xxx, inc.
000 Xxxx Xxx Xxxxx, Xxxxxx Xxxxx
Xxxxxxx, Xxxxxxx 00000
Dear Sirs:
This letter confirms my agreement to loan xxxxxxx.xxx, inc. (the
"Company") up to $3 million from time to time prior to the completion of the
Company's contemplated public offering upon the request of the Company to be
used for working capital. Each loan shall bear interest at 12% per annum for the
first four months and 14% per annum thereafter. Each loan shall mature on the
two year anniversary of the making of such loan and shall otherwise bear the
same terms as the Company's $2 million loans from The Monolith Limited
Partnership.
Very truly yours,
/s/ Xxxxxxx X. Xxxxxxxx
----------------------------
Xxxxxxx X. Xxxxxxxx
Accepted and Agreed to
as of the date written above
XXXXXXX.XXX, INC.
By: /s/ Xxxxxxx X. Xxxxxx
--------------------------
Xxxxxxx X. Xxxxxx
Chief Operating Officer
