INRAD, Inc. 181 Legrand Avenue Northvale, NJ 07647 Exhibit 10.21 Mr. Peter Turnquest December 31, 1998 Clarex Limited P.O. Box N3016 Nassau, BahamasInrad Inc • March 31st, 1999 • Miscellaneous electrical machinery, equipment & supplies
This letter is written to evidence the agreement between Inrad, Inc. (the "Company") and you, with respect to your $1,000,000 principal sum plus $200,000 of accrued interest to December 31, 1998 which the company presently owes you (the Indebtedness) on your subordinated convertible note of December 15, 1993.
INRAD, Inc. 181 Legrand Avenue Northvale, NJ 07647 Exhibit 10.23 Mr. Peter Turnquest December 31, 1998 Clarex Limited P.O. Box N3016 Nassau, BahamasInrad Inc • March 31st, 1999 • Miscellaneous electrical machinery, equipment & supplies
This letter is written to evidence the agreement between Inrad, Inc. (the "Company") and you, with respect to your $43,740 of accrued interest to December 31, 1998 which the company presently owes you (the Indebtedness) on your secured note of July 8, 1994, in the principal amount of $250,000.
