EXHIBIT 10.14 This loan replaces the note dated October 16, 1998. April 16, 1999 Carl Berg 10050 Bandley Drive Cupertino, CA 95014 BORROWER: Videonics, Inc. LENDER: Carl Berg This letter is our promise to repay.....................................Videonics Inc • August 16th, 1999 • Photographic equipment & supplies
Company FiledAugust 16th, 1999 Industrycash loaned to Borrower. This loan is due and payable on January 16, 2001. Interest will be due on the outstanding balance for the actual days outstanding from January 16, 1999 at an annual interest rate of 8.0%. Interest will be paid at maturity on January 16, 2001.
EXHIBIT 10.10Videonics Inc • March 31st, 1999 • Photographic equipment & supplies
Company FiledMarch 31st, 1999 Industrycash loaned to Borrower. This loan is due and payable on October 16, 1999. Interest will be due on the outstanding balance for the actual days outstanding at an annual interest rate of 8.0%. Quarterly interest payments will be made on January 16, 1999, April 16, 1999, July 16, 1999 and October 16, 1999 on the outstanding balance.