December 23, 2003 Mr. Jason K. Wadzinski President/CEO Advant-e Corporation
EXHIBIT 4.5.9 – AGREEMENT TO CONVERT CONVERTIBLE SUBORDINATED NOTE TO SHARES OF THE COMPANY’S COMMON STOCK XXXXX XXXXX
December 23, 2003
Xx. Xxxxx X. Xxxxxxxxx
President/CEO
Advant-e Corporation
0000 Xxxxxx Xxxxxx Xxxx
Xxxxxx, XX 00000
Xx. Xxxxxxxxx,
This letter is to inform you of my request to convert $25,000 of the Convertible Subordinated Note dated July 9, 2002 that I hold into common stock of Advant-e Corporation.
Based on the conversion price of $1.10 per share, I am expecting to be issued 22,727 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 $681 of accrued interest that I would like paid in cash.
I will forward to you the original Convertible Subordinated Note as per the terms of the Note Purchase Agreement.
Sincerely,
Xxxxx Xxxxx |
Tobat Capital, LLC
000 Xxxxxxxx Xxxxx, Xxxxx 0000 Xxxxxx, Xxxxx 00000
000.000.0000 (Telephone) 0 00.000.0000 (Facsimile)
xxx.xxxxxxxxxxxx.xxx
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