Contract
EXHIBIT 4.5.5 – AGREEMENT TO CONVERT CONVERTIBLE SUBORDINATED NOTE TO SHARES OF THE COMPANY’S COMMON STOCK BARWELL PARTNERS, LTD.
December 9, 2003
Xx. Xxxxx X. Xxxxxxxxx
President/CED
Advant-e Corporation
0000 Xxxxxx Xxxxxx Xxxx
Xxxxxx, XX 00000
Xx. Xxxxxxxxx,
This letter is to inform you of our request to convert $50,000 of the Convertible Subordinated Note dated July 9, 2002 that we hold into common stock of Advant-e Corporation.
Based on the conversion price of $1.10 per share, we are expecting to be issued 45,455 shares of Advant-e Common Stock as per the Note Purchase Agreement dated July 9, 2002.
As of January 5, 2004 when the note is due, there will be $1,361 of accrued interest that we would like paid in cash.
We will forward to you the original Convertible Subordinated Note as per the terms of the Note Purchase Agreement.
Sincerely,
Xxxx Xxxxxxx |
Xxxxxxx Partners Ltd. |
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