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December 17, 1997
Mr. Xxxx Xxxxxxx, Xx., President
CinemaStar Luxury Theaters, Inc.
000 Xxxxxxx Xxxxxxxxx
Xxxxxxxxx, XX 00000-0000
Re: Loans No. 790304333, 790304643 and 790304937
Dear Xxxx:
This letter confirms that all 3 of the subject loans from First National Bank
to CinamaStar Luxury Theaters, Inc. ("CinemaStar"), have been paid in full as
of today's date.
CinemaStar no longer has any loan liability to First National Bank.
CinemaStar is no longer required by First National Bank to maintain
compliance with any covenants, terms or conditions which may have been
contained in any documentation or agreements relating to the subject loans.
If you have any questions, or need further information regarding the 3 fully
repaid loans, please give me a call at (000) 000-0000.
We appreciate your communicating regularly with First National Bank and
keeping us informed regarding your pending equity transaction with an
investment group. We are pleased for you that the transaction is now nearing
its final completion and wish you the very best success during the years
ahead.
Best regards,
FIRST NATIONAL BANK
/s/ XXXXXX XXXXXXX
-------------------------
Xxxxxx X. Xxxxxxx
Vice President
Corporate Banking Group
CC: Xxxxxx Xxxxxxx, Chief Financial Officer CinemaStar Luxury Theaters, Inc.
