Working Capital Line of Credit Agreement between RMM Enterprises, Inc. and Keith Moore

Summary

RMM Enterprises, Inc., a Nevada corporation, agrees to borrow up to $250,000 from Keith Moore or his associates, with interest at 10% per year or $150 minimum, payable quarterly. The loan must be repaid by December 31, 2004. If RMM defaults, the full amount becomes due immediately, and a higher interest rate may apply. RMM is responsible for collection costs if the note is not paid on time. The agreement is governed by California law and disputes will be resolved in California courts.

EX-10.21 23 mtex1021.txt WORKING CAPTIAL LINE OF CREDIT WORKING CAPITAL LINE OF CREDIT April 27, 1999 On or before December 31 2004, RMM Enterprises, Inc. (hereinafter "RMM"), a Nevada Corporation, promises to pay to Keith Moore or his associates or controlled companies (hereinafter "Holder") a sum of up to $250,000 plus such other and further sums as Holder may hereafter loan or advance to or for the benefit of in accordance with the terms hereof, together with interest from said date on the unpaid principal balance hereof at the rate of ten percent (10%) or $150.00 whichever is greater. Interest shall be computed at the above rate on the basis of the actual number of days that the principal hereunder is outstanding divided by 365 that shall, for the purposes of this note, be one year. Interest shall be payable quarterly and if not so paid shall become part of the principal. The unpaid balance of this obligation at any time shall be the total amounts advanced hereunder by Holder, less the amount of payments made hereon by or for RMM which balance may be endorsed hereon from time to time by Holder. Upon default, the whole sum of principal and interest shall become due immediately at the option of Holder. Default shall include but not be limited to, the failure of RMM to pay interest or principal when due; the filing as to RMM or any person obligated hereon, whether as maker, co-maker, endorser or guarantor of a voluntary or involuntary petition under the provisions of the Federal Bankruptcy Act, the issuance of any attachment or execution against any material asset of RMM, default by RMM on any obligation concerning the borrowing of money or the deterioration of the financial condition of RMM which results in Holder deeming RMM insecure. In the event of default, at the option of Holder, interest may be charged on the amount delinquent at a rate no more than 3% greater than the interest rate contracted for on the principal herein, effective from the date that such amount(s) shall become overdue, and the day following any other event of default. Such increased rate of interest shall continue until such delinquent amount(s) with interest thereon at the increased rate shall have been paid or such other event of default has been cured to the satisfaction of Holder. If this note is not paid when due, RMM promises to pay all costs and expenses of collection including reasonable attorneys fees incurred by Holder on account of such collection, whether or not suit is filed thereon. The indebtedness evidenced hereby shall be payable in lawful money of the United States of America. This Note shall be deemed entered into in Orange County, California and will be governed by and interpreted in accordance with the substantive laws of the State of California. The parties agree that any dispute arising under this Note shall be resolved in the state or federal courts within the State of California and RMM expressly consents to jurisdiction therein. This note may be extended or renewed by mutual agreement of RMM and Holder in writing for any reason and at any time. RMM Enterprises, Inc. A Nevada Corporation /s/ Keith Moore By: ____________________________________ Keith Moore Secretary Dated: April 27, 1999 Name: Keith C. Moore /s/ Keith Moore ____________________________________ Dated: April 27, 1999