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Fax (▇▇▇) ▇▇▇-▇▇▇▇
May 30, 2000
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, President
Inc.ubator Capital, Inc.
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▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Re: Loan of $1 million by ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ to Inc.ubator Capital, Inc.
(the "Company")
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Dear ▇▇▇▇▇:
I herewith agree to lend the Company an aggregate of $1 million U.S. (the
"Loan"). The Company agrees that the Loan will bear interest at the annual rate
of 8%, payable quarterly in arrears commencing September 1, 2000, and that the
entire principal (the "Principal") will be due and payable on July 1, 2001.
In accordance with the directions of the Company, I will pay the Principal by
wire transferring $1 million U.S. to ThemeWare Corp. The Company agrees that,
upon confirmation from ThemeWare Corp. of receipt of the $1 million U.S., it
will issue to me a note (the "Note") reflecting the terms of the Loan.
The Company represents and warrants that the Note has been legally authorized
and covenants that, upon execution thereof as provided herein, it will represent
the legally binding obligation of the Corporation enforceable in accordance with
its terms.
Please confirm the Company's agreement to the foregoing by signing this letter
in the appropriate place below and returning it to me.
Very truly yours,
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
ACKNOWLEDGED AND ACCEPTED
Inc.ubator Capital, Inc.
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, President
