RECITALAsset Purchase Agreement • December 30th, 2002 • Quality Products Inc • Wholesale-metals service centers & offices • Ohio
X) SEC. DESCRIPTION PAGE(S) (X) SEC. DESCRIPTION PAGE(S) ---------------------- ------------------------------------------------------------------------------- ------------------------------ PART I - THE SCHEDULE PART II - CONTRACT CLAUSES X A...Contract • December 30th, 2002 • Quality Products Inc • Wholesale-metals service centers & offices
PROPERTY LEASE SCHULER INCORPORATED, LANDLORD QUALITY PRODUCTS, INC., TENANT TABLE OF CONTENTSProperty Lease • December 30th, 2002 • Quality Products Inc • Wholesale-metals service centers & offices
NOTENote • December 30th, 2002 • Quality Products Inc • Wholesale-metals service centers & offices • Ohio
FOR VALUE RECEIVED, the undersigned, QUALITY PRODUCTS, INC. a Delaware corporation (“Borrower”), with offices at 2222 South Third Street, Columbus, Ohio 43207, hereby promises to pay to the order of Dennis Mellman or any subsequent holder of this Note (“Holder”) in lawful money of the United States and in immediately available funds, the principal amount Three Hundred Thousand Dollars ($300,000) as follows: commencing June 30, 2004, the Company shall make quarterly payments of principal in the amount of Twelve Thousand Five Hundred Dollars ($12,500) on the last calendar day of June, September, December and March, with a final payment of Two Hundred Thirty Seven Thousand Five Hundred Dollars ($237,500) due on September 30, 2005 (the “Maturity Date”).
