BELMONT CAPITAL MANAGEMENT, INCORPORATED SUBORDINATED LOAN AGREEMENT FOR EQUITY CAPITAL AGREEMENT dated ____________, 1999, between Ms. Shira Pacult, (the "Lender") and Belmont Capital Management, Incorporated, a Delaware corporation,(the "Borrower")....Incorporated Subordinated Loan Agreement • August 23rd, 1999 • Bromwell Financial Fund Limited Partnership • Delaware
