0001019687-03-002405 Sample Contracts

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EXHIBIT 10.40 BUSINESS LENDING CONFIRMATION LETTER May 08, 2003 SIMULATIONS PLUS, INC. 1220 W Avenue J Lancaster, CA 93534 RE: $500,000.00 PrimeLine WELLS FARGO BANK, NATIONAL ASSOCIATION ("Bank") agrees to make available to SIMULATIONS PLUS, INC....
Simulations Plus Inc • November 26th, 2003 • Services-computer integrated systems design

WELLS FARGO BANK, NATIONAL ASSOCIATION ("Bank") agrees to make available to SIMULATIONS PLUS, INC. ("Borrower") a PrimeLine (the "Credit"). The Credit shall bear interest and be repayable in accordance with the terms and conditions of the Agreement. The Agreement consists of (1) this Confirmation Letter (this "Letter"), (2) the Business Lending Disclosure dated July 01, 2002 (the "Disclosure") and (3) any Related Documents. All terms and conditions of the Disclosure and Related Documents are incorporated herein by reference for all purposes. All capitalized terms not defined in this Letter are defined in the Disclosure.

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