Promissory Note between Touch 1 Communications, Inc. and Corman Elegre Capital dated September 10, 1999

Contract Categories: Business Finance › Note Agreements
Summary

Touch 1 Communications, Inc. has agreed to repay Corman Elegre Capital a loan of $13,850,000, with interest at 6% per year. The company will make sixty equal monthly payments to cover both the principal and interest. The agreement is formalized in a promissory note signed by Touch 1 Communications, Inc. on September 10, 1999.

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EX-10.9 7 g67678ex10-9.txt PROMISSORY NOTE DATED SEPTEMBER 10, 1999 1 Exhibit 10.9 TOUCH 1 COMMUNICATIONS, INC. Post Office Drawer 10751 Atmore, Alabama ###-###-#### PROMISSORY NOTE --------------- $13,850,000.00 For value received the undersigned party, promises to pay, to the order of Corman Elegre Capital, the principal sum of $13,850,000.00 together with accrued interest at the rate equal to six percent (6%) per annum. Said principal and interest shall be paid in sixty (60) equal monthly installments. TOUCH 1 COMMUNICATIONS, INC. BY: /s/ Trey Davis -------------------------------- Its: Secretary ------------------------------- Date: September 10, 1999 ------------------------------