Promissory Note Between Touch 1 Communications, Inc. and James F. Corman (September 10, 1999)

Summary

Touch 1 Communications, Inc. has agreed to repay James F. Corman $290,276 plus 6% annual interest. The company will make sixty equal monthly payments to cover both principal and interest. The agreement is formalized as a promissory note signed by the company's secretary on September 10, 1999.

EX-10.12 10 g67678ex10-12.txt PROMISSORY NOTE WITH JAMES F. CORMAN 1 Exhibit 10.12 TOUCH 1 COMMUNICATIONS, INC. Post Office Drawer 10751 Atmore, Alabama ###-###-#### PROMISSORY NOTE --------------- $290,276.00 For value received the undersigned party, promises to pay, to the order of James F. Corman, the principal sum of $290,276.00 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 --------------------------------