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HomeMy WebLinkAbout2448 . .~fY T 1~ . PURCi~ASF :~ZO1~F.1' PRO~•i[450R1' \(~TI: t\tl:tnt.i, C;t•~r~i<i J~?nu<i r}~ 10. 1 ~7-i FOR Vt~LtTF RECENF..I~, thc• unclcrsi~;n<~d, OR~iNCF RLOSSO~-1 PRODUCTS, I1C, , a D~~la~~•arc Corpc~rati~~n, h~~ri~h~~ prc~misc~s tc~ p~iy to t}ie orcler uf JAI~4ES T~ILCOTT, I\C. ,;t \c~~~~ 1'c~rk C;orporriti~n, cit ' its offices in Atlanta, C;c~r~;ia, thc~ stim ~~f y:?, 5•i0. 3<}K, plus accr~ic~i P ~ intemst at the ratE~ of l~o pe~r annnm in E~~rc~ss <~f thc• lar~~ biisincss prime rate char~~d b)~ thc~ prinripal \c~~~• ~'~rk C;it~~ banks. Itltri-c~tit ~hall ~ be c-ompiited and paicl ~n a in~nth t~ in~~ith blsiti an~l thc• intc~rr~t rat~~ shall be compiitecl as af~resaicl, as it e~tir:te~cl at the~ c-l~sc• oi b?tsinc•ss - on th~ last bii~iti~ss ~i:~}• ~2 ~ac-h ~~~c>nth. Paym~~ntti 5ha11 bc~ mad~~ as follo~vs: (I) Thc principal sum ~f ~10, 5-~1i. 7ti pl~is acc~rue~ei inte~re~st shall ' bc diie and ~ayablc~ ~tl ~r bc~torc~ t11c• 1 st ~~a}- c>f ~•:~cli month comtll}~t~cin~ i ~ on A~(a rc h 1, 197-1. (L) On ~tar~•h 1. 1977. ~f~-~kc~r ~h~ill pai~ thE~ e~ritirc• F~~~R'_~.__I balatuc e~2 S2, 1~9, 29~. ~3Z rnt~in~ e,n t}~iti j~~ir<~lt<~,<• n~<~r~e•}• ~~~+t<• in .3rlflifi~~n tu all accrucci int~rc~st. On thc~ iriiltirc• of ti~~~ ~takc~r t~ ii~:~i:e F~:t}'tTl<'ilt c~i i~rin<-iE~:~l vr ~,f intcrest rc~c~uir~•cI herc•und~~r ~1•iti~in i'ift~~rn (1~j cl~~-s ;3fi~~r ~~ny clu~' clatc•, SCHEDULE "A" p R ~ eoe~ ~cE