EXHIBIT 10 LIUSKI INTERNATIONAL, INC. 6585 Crescent Drive Norcross, Georgia 30071 October 15, 1997 Mr. Duke Liao c/o Liuski International, Inc. 6585 Crescent Drive Norcross, Georgia 30071 Re: Recapitalization ---------------- Dear Mr. Liao: This...Recapitalization Agreement • February 5th, 1998 • Liao Duke • Wholesale-computers & peripheral equipment & software
This letter ("Agreement"), dated as of the date set forth above, sets forth the agreement between Liuski International, Inc., a Delaware corporation (the "Company"), and Duke Liao ("Liao") relating to the conversion (the "Conversion") of Liao's advances to the Company of $9,219,928.01 (the "Loans") and the $158,454.97 interest accrued thereon through the date hereof (the "Interest") into shares of the Company's common stock, $.01 par value per share (the "Common Stock"), and Preferred Stock, $.01 par value per share (the "Preferred Stock").
