Exhibit 10.3
DEFERRAL AGREEMENT
Dear Customer:
We have deferred payment on your loan or sales contract as described
below. To assist us in completing this deferral please: (1) Sign this
form in the lower right corner, (2) Return the Lender Copy to us, and
(3) Keep the Customer Copy for your records. If applicable, the
premium cost for extending your insurance coverage and official fees
for the deferral period are shown below.
Please sign and return this form as soon as possible, and don't
hesitate to call if we may be of further assistance.
Sincerely,
ss/XXX XXXXX
________________
Xxx Xxxxx
CUSTOMER NAME AND ADDRESS
TOWER TECH, INC. CHICKASHA BANK & TRUST CO
P 0 BOX 891810 1924 5 4TH
XXXXXXXX XXXX, XX 00000 P0 XXX 0000
XXXXXXXXX, XX 00000.
PRINCIPAL REDUCTION OF $20,000.00 PLUS INTEREST $2,849.33 = TOTAL DUE $22,849.33
DEFERRAL TERMS & ITEMIZATION OF CHARGES
DATE OF DEFERRAL AGREEMENT LOAN/NOTE NUMBER DATE OF ORIGINAL CONTRACT
6/16/99 20720-16 9/22/97
ORIGINAL PAYMENT DUE DATE(S) CUSTOMER SIGNATURES
May 21, 1999 I/We agree to the terms and acknowledge
receiving a completed copy of this Agreement.
REMARKS NOTICE:This Agreement, together with all other
EXTENDED MATURITY DATE documents, agreements, instruments or other
TO AUGUST 30, 1999 writings, executed by your and accepted by the
Lender are the final expression of the
agreement between you and the Lender, and may
not be contradicted by evidence of any prior
or contemporaneous oral agreements between you
and the Lender. Any credit agreement not
contained in the printed form must be inserted
below to be enforceable.
$380,001.00 7. TOTAL AMOUNT
----------- DEFERRED
-----------
11.00% 8. ANNUAL
PERCENTAGE
RATE
I/We affirm that there are no unwritten oral
agreements between the Lender and me/us.
By: ss/XXXXXXX X. XXXXXXXX CFO
---------------------------------------
Xxxxxxx X. Xxxxxxxx
DEFERRAL CHARGE
$
DATE DEFERRAL CHARGE
IS DUE
(If different from Payment
Due Date below) By: ss/XXXXXX XXXXXX CEO
---------------------------------------
Xxxxxx Xxxxxx
TOTAL PAYMENT AMOUNT
$----------------------
DATE PAYMENT IS DUE
AUGUST 30, 1999 LENDER SIGNATURE
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