December 30, 1999
ComVest Capital Management LLC
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Re: Advancement of Funds
Gentlemen:
Reference is made to that certain Commitment Letter dated December 30, 1999
(the "Letter") between ComVest Capital Management LLC ("ComVest") and U.S.
Wireless Data, Inc. (the "Company"). Capitalized terms used herein without
definition are used as defined or referred to in the Letter.
This letter is to confirm that I, as a lender, will subject to ComVest
first having funded $195,000 under the Letter, advance funds to the Company in a
proportionate amount to that funded to the Company by ComVest pursuant to the
Letter. For each $1 advanced by ComVest after such initial $195,000 is advanced
I will advance a fraction of such dollar, the numerator of which is 100 and the
denominator of which is 805.
Sincerely,
/s/ Xxxx Xxxxxxx
Xxxx Xxxxxxx
