Promissory Note Between Touch 1 Communications, Inc. and William F. Corman (First Revocable Trust)

Summary

Touch 1 Communications, Inc. agrees to repay William F. Corman (First Revocable Trust) $859,363.72 plus 6% annual interest. The total amount will be paid in 60 equal monthly installments. The agreement is signed by Touch 1 Communications, Inc. and dated September 10, 1999.

EX-10.11 9 g67678ex10-11.txt PROMISSORY NOTE WITH WILLIAM F. CORMAN 1 Exhibit 10.11 TOUCH 1 COMMUNICATIONS, INC. Post Office Drawer 10751 Atmore, Alabama ###-###-#### PROMISSORY NOTE --------------- $859,363.72 For value received the undersigned party, promises to pay, to the order of William F. Corman (First Revocable Trust), the principal sum of $859,363.72 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 --------------------------------