PINNACLE RESOURCES, INC. OFFICERS AND DIRECTORS
0000 X. XXXXXXXX XXX. XXXX "TRIG" XXXXXX, PREX.
ENGLEWOOD, COLORADO 80111 X.X. XXXXXXXXXX, DIRECTOR
(000) 000-0000 TELE XXXXX X. XXXXXX, DIRECTOR
(000) 000-0000 FAX
REVISED LOAN AGREEMENT
On this 22nd day of October 1997, Pinnacle Resources, Inc., a Wyoming Corp.,
whose principal place of business is 0000 Xxxxxxxx Xxx., Xxxxxxxxx XX 00000
(Pinnacle) hereby agrees to make a loan in accordance to the following terms
and conditions:
Loan made to: Asset Partners LLC, a Colorado Limited
Liability Company
Address: 0000 X. Xxxxxxxx Xxxx #000, Xxxxxxxxx, XX 00000
Signatory of Borrower: Xxxxxxx Xxxxxxx as Managing Member
Loan Amount: $40,000
Loan Date: October 22, 1997
Loan Duration Date: One Year or (365) days to close of business
October 22, 1998
Cost of Loan: On or before due date Borrower may pay off the
loan in the principal amount of $40,000,
together with origination fees and itnerest at
the rate of $100 per week. There will be no
penalty for prepayment and parts of a week shall
be charged at $14.29 per day.
Collateral for Loan: 75,000 shares of US Assurance Group (USAG)
Corporate stock
Use of Proceeds: Borrower has company expenses and administrative
needs which need to be met
The undersigned, being an officer of the Borrower, with requisite authority
to exectue this Loan Agreement, hereby accepts the terms and conditions as
the loan provisions set forth herein and agrees to repay the principal,
together with the appropriate costs, on or before the due date, which is
October 22, 1998
Borrower /s/ Xxxxxxx Xxxxxxx
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Assets Partners, LLC
Xxxxxxx Xxxxxxx, Managing Member
Loan Approved by /s/ Xxxx X. Xxxxxx
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Pinnacle Resources, Inc.
Xxxx X. Xxxxxx, President
