EXHIBIT 2.1(K)
August 31, 2000
VIA FASCIMILE (_____________)
Old Kent Bank
Corporate Trust
0000 00/xx/ Xxxxxx, X.X.
Xxxxx Xxxxxx, XX 00000-0000
Attn: __________________________
Dear _____________:
On April 28, 2000, an Escrow Agreement (the "Deposit Escrow Agreement") was
entered into by and among Old Kent Bank ("Bank"), Opinion Research Corporation
("ORC") and C/J Research, Inc. ("Seller") and, in connection therewith, $250,000
was deposited into an escrow account at Bank (No. _________) (the "Deposit
Escrow Account"). On August 29, 2000, Bank, Seller and ORC Consumer, Inc.
("Buyer") entered into an Escrow Agreement, whereby $900,000 (the "Closing
Escrow Amount") is to be deposited at Bank into account number _________ (the
"Closing Escrow Account").
This letter serves as notice that the Acquisition (as defined in the
Deposit Escrow Agreement) is in the process of being closed on the date of this
letter (the "Closing"). In connection with Closing, and pursuant to Section 3(d)
of the Deposit Escrow Agreement, the undersigned parties hereby authorize the
principal amount of $250,000 in the Deposit Escrow Account to be transferred
as follows:
1. Two Hundred Dollars ($200,000) to the Closing Escrow Account (account
number _________) as a portion of the Closing Escrow Amount; and
2. Fifty Thousand Dollars ($50,000) to Xxxxxx Research, Inc. (a.k.a. C/J
Research, Inc.), in accordance with the following wire transfer
instructions:
Wire Transfer Funds to: Xxxxxx Bank
Palatine, Illinois
A B A Routing Number: _________
For Credit to: Xxxxxx Research, Inc. (a.k.a. C/J Research,
Inc.)
Account Number: _________
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In regards to the Income (as defined in the Deposit Escrow Agreement) on
the Deposit Escrow Account, please distribute such funds as follows:
1. Eighty percent (80%) of the Income (defined in the Escrow Agreement) to
Opinion Research Corporation, according to the following wire transfer
instructions:
Wire Transfer Funds to: Chase Manhattan Bank
New York, New York
ABA Routing Number: _________
For Credit to: Opinion Research Corporation
Account Number: _________
2. Twenty percent (20%) of the Income to Xxxxxx Research, Inc. (a.k.a C/J
Research, Inc.), according to the following wire transfer instructions:
Wire Transfer Funds to: Xxxxxx Bank
Palatine, Illinois
ABA Routing Number: _________
For Credit to: Xxxxxx Research, Inc. (a.k.a C/J Research, Inc.)
Account Number: _________
After Bank disburses the amounts as directed above, the Deposit Escrow
Agreement shall terminate in accordance with Section 10 thereof.
C/J RESEARCH, INC. OPINION RESEARCH CORPORATION
___________________________ __________________________
By: ______________________ By: ______________________
Its: ____________________ Its: _____________________
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