AGREEMENTPayment Agreement • December 22nd, 1999 • Jennifer Convertibles Inc • Retail-furniture stores
This Agreement shall terminate on the Transfer Date and any amounts unpaid at such date in excess of $300,000 shall be paid on the 10th of the month in which the Transfer Date occurs (or if the Transfer Date is after the 10th of the month on or before the 10th of the next month). Payments of the $300,000 balance will be evidenced by a note payable in 30 payments of $10,000 per month commencing 30 days after the Transfer Date.
