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Home My WebLink About03-5464HARSCO CORPORATION, GAS & FLUID CONTI~OL GROUP, Plaintiff VS, COLLIER OIL COMPANY, INC. Defendant IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION-LAW NOTICE You have been sued in court. If you wish to defend against the claims set forth in the following pages, you must take action within twenty (20) days after this complaint and notice have been served. To defend against the aforementioned claims, a written appearance stating your defenses and objections must be entered and filed in writing by you, the defendant, or by an attorney. You are warned that if you fail to take action against these claims, the court may proceed without you and a judgement for any money claimed in the complaint or for any other claim required by the plaintiff may be entered against you by the court without further notice. You may lose money, property or other rights important to you. YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL HELP. Cumberland County Bar Association 2 Liberty Avenue Carlisle, PA. 17013 -- (717) 249-3166 (800) 990-9108 NOTICIA. Le ban demandado a usted en la corte. Si usted quiere defenderse de estas damandas expuastas en las paginas siguientes, usted tiene viente (20) dias de plazo al partir de la fecha de la demanda y la notificacion. Usted debe presentar una apariencia escrita o en persona o por abogado y archivar en la corte en forma escrita sus defensas o sus objeciones a las demandas en contra de su persona. Sea avisado que si usted no se defiende, la corte tomara medidas y puede entrar una orden contra usted sin previo aviso o notificacion y pot cualquier queja o alivio que es pedido en la peticion de demanda. Usted puede perder dinero o sus propiedades o otros derechos importantes para usted. LLEVE ESTA DEMANDA A UN ABODAGO IMMEDIATAMENTE. SI NO TIENNE ABOGAD O SI NO TIENE EL DINERO SUFICIENTE DE PAGAR TAL SERVICIO, VAYA EN PERSONA O LLAME POR TELEFONE A LA OFICINA CUYA DIRECCION SE ENCUENTRA ESCRIDA ABA JO PARA AVERIGUAR DONDE SE PUEDE CONSEGUIR ASSISTENClA LEGAL: Cumberland County Bar Association 2 Liberty Avenue Carlisle, PA. 17013 -- (717) 249-3166 (800) 990-9108 HARSCO CORPORATION, GAS & FLUID CONTROL GROUP, Plaintiff VS. COLLIER OIL COMPANY, INC. Defendant : IN THE COURT OF COMMON PLEAS : CUMBERLAND COUNTY, PENNSYLVANIA CML ACTION-LAW :NO. : COMPLAINT 1. The Plaintiff is Harsco Corporation, Gas & Fluid Control Group, a division of Harsco Corporation, a corporation organized and existing under the laws of the state of Delaware, with an address of 4718 Old Gettysburg Road, Suite 300, P.O. Box 8870, Camp Hill, Cumberland, PA 17001-8870. 2. The Defendant is Collier Oil Company, Inc., a corporation organized and existing under the laws of the state of Alabama, with an address of P.O. Box 429, Highway 231 N, Ozark, Alabama 36360. 3. On or about March 10, 2001, the Defendant entered into a Commercial Note pursuant to which it agreed to pay to the Plaintiff the sum of $91,586.31, in 35 consecutive installments of $2,955.23, commencing 30 days from the date of shipment of equipment separately purchased by Defendant until paid in full. A copy of the Note with all the terms is attached hereto and made a part hereof as Exhibit "A". 10. The Defendant is presently in default on its payments on Note. 11. There is presently due and owing to the Plaintiff by the Defendant the sum of $21,259.03 representing the unpaid balance on the aforesaid Note, as shown on the attached Exhibit "F". 12. On or about December 15, 2000, the Defendant entered into a Commercial Note pursuant to which it agreed to pay the Plaintiff the sum of $19,949.13 m 35 consecutive installments of $643.70 commencing 30 days from the date of shipment of equipment separately purchased by the Defendant until paid in full. A copy of the Note with all the terms is attached hereto and made a part hereof as Exhibit "G". 13. The Defendant is presently in default on its payments on Note. 14. There is presently due and owing to the Plaintiff by the Defendant the amount of $14,861.07, representing the unpaid balance on the Note, plus accrued interest, as shown on the attached Exhibit "H". 15. On or about December 7, 2000, Defendant entered into a Commercial Note pursuant to which it agreed to pay the Plaintiff the sum $17,867.79 in 35 consecutive installments of $576.54 commencing 30 days from the date of shipment of equipment separately purchased by Defendant until paid in full. A copy of the Note and all the terms is attached hereto and made a part hereof as Exhibit "I". COMMERCIAL NOTE $ 91,586.~1 March 10, 2001 FOR V?d...UE RECEIVED. each of the undersigned, jointly and severally if more than one (hereinafter collectively referred to as "Borrower"). promises to pa.'. Io the order of HARSCO CORPORATION (the "Company"), at its offices at ,4718 Old Getlysburg Road. Suite 300, P. O. Box 8870, Camp Hill. PA 17001-8870, the pmncipal amount of Ninety-one Thousand Five Hundred Eighty-six and 31/100 DOLLARS. in lawful money of the United States, plus interest, to be paid as follows: said principal plus interest shall be payable in 35 consecutive equal monthly installmems of principal and ~merest. each in the amount of $2,955.23 commencing 30 days from date of shipment of Equipmenl and on the same day of the month each month thereafter, each of which installments shall be applied first to the payment of accrued and unpaid interest and then to the payment of principal and a final installment in an amounl which is necessary to pay m full all of the outstanding principal plus accrued and unpaid interest on this Note on the date of the final payment. Interest shall accrue at the rate of 10.00% per annum. Payments will be applied as aforesaid on the date received. ADDITIONAL TERMS OF Tills NOTE - Each of the following provisions shah apply to this Note. to any extension or modification hereof and to thc indebtedness evidenced hereby, except as otherwise expressly stated above or in a separate writing signed by Company and Borrower. INDEBTEDNESS - This Note evidences the indebtedness of Borrower in connection with the sale of Equipment sold by Company to Borrower. INTEREST - Interest shall be calculated on the basis of a 360-day year and shall be charged for the actual number of days elapsed. Accrued interest shall be payable monthly. Accrued interest shall also be payable when the entire principal balance of this Note becomes due and payable (whether by demand, stated maturity or acceleration) or, if earlier, when such principal balance is actually paid to Company. lnterest shall accrue from the date shipm, em of Equipment is made by Company. provided, however, that to the extent this Note represents a replacement, substitution, renewal or refinancing of existing indebtedness, interest shall accrue from the date hereof, lmerest shall accrue on the unpaid balance hereof at the rate provided for in this Note until the entire unpaid balance has been paid in full. notwithstanding the entry of any judgment against Borrower, PAYMEN~I' - A prepayment of principal (including any principal repayment as a result of acceleration by Company of this Note) shall require immediate payment to Company of a prepayment fee equal to the amount by which the aggregate present value of scheduled principal and interesl payments eliminated by the prepayment exceeds the principal amount being prepaid. Said present value shall be calculated by application of a discount rate determined by Company, in its reasonable judgment, to be the yield-to-maturity plus 1.15% at the time of prepayment, on U.S. Treasury securities having a maturity which most closely approximates the final maturity date of the principal balance then outstanding. Whether or not a prepayment fee is required hereunder, prepayments shall be applied to scheduled installments of principal in the inverse order of their maturity, shall be accompanied by payment of accrued interest on the principal amount being prepaid and. unless this Note has been accelerated by Company shall not be permitted in an amount less than the scheduled principal installment prior to final maturity of the outstanding principal balance. Notwithstanding, any provision contained herein, the maximum prepayment to be paid by Borrower under this Note shall not exceed the foregoing expressed as a percent of the outstanding principal balance being prepaid: Fully fsi 2nd 3rd 4th 5th Amortized Year Year Year Year Year I 2.00% 2 2.50% 2.00% 3 3.50% 3.00% 2.00% ,4 4.00% 3.50% 3.00% 2.00% 5 5.00% 4.00% 3.50% 3.00% 2.00% COLLATERAL - This Note and thc indebtedness evidenced hereby shall be secured by any lien or security interesl evidenced by a writing (whether nov,, existing or hereafter executed) which contains a provision to thc effect thal such Hen or security interest is intended to secure this Note or indebtedness evidenced hereby. EVENTS OF DEFAULT o Each of the following shall be an Event of Default hereunder: (al the nonpayment when due of any amount payable under this Note or under an.',' obligation or indebtedness to Company of Borrower or any person liable, either absolutely or comingcndy, for payment of any indebtedness evidenced hereby, including endorsers, guarantors and sureties (each such person is referred m as an "Obligor"); (b) if Borrower or any Obligor Exhibit "A" 'has failed !o observe or perform; ~ther existing or futt~re ag'reement with Compz ~f any nature whatsoever; (c) if any representation, warranty, certificate, financial statement or other information made or given by Borrower or any Obligor to Company is materially incorrect or misleading; (d) if Borrower or any Obligor shall become insolvent or make an assignment for the benefit of creditors or if any petition shall be filed by or against Borrower or any Obligor under any ban~uptcy or insolvency law; (e) the entry of any judgment against Borrower or any Obligor which remains unsatisfied for 15 days or the issuance of any attachment, tax lien, levy or garnishment against any property of material value in which Borrower or any Obligor has an interest; (f) if any attachment, levy, garnishment or similar legal process is served upon Company as a result of any claim against Borrower or any Obligor or against any property of Borrower or any Obligor; (g) the dissolution, merger, consolidation or change in control (as control is defined in Rule 12b-2 under the Security Exchange Act of 1934), of any Borrower which is a corporation or partnership, or the sale or transfer of any substantial portion of any of Borrower's assets, or if any agreement for such dissolution, merger, or consolidation, change in control, sale or transfer is entered into by Borrower, without the written consent of Company; (h) the death of any Borrower or Obligor who is a natural person; (i) if Company determines reasonably and in good faith that an event has occurred or a condition exists which has had, or is likely to have, a material adverse effect on the financial condition or creditworthiness of Borrower or any Obligor, or on the ability of Borrower or any Obligor to perform its obligation evidenced by this Note; (j) if Borrower shall fail to remit promptly when due to the appropriate government agency or authorized depository, any amount collected or withheld from any employee of Borrower for payroll taxed, Social Security payments or similar payroll deductions; (k) if any Obligor shall attempt to terminate or disclaim such Obligor's liability for the indebtedness evidenced by this Note; (I) if Company shall reasonably and in good faith determine and notify Borrower that any collateral for this Note or for the indebtedness evidenced hereby is insufficient as to quality or quantity; (m) if Borrower shall fail to pay when due any material indebtedness for borrowed money other than to Company; of (n) if Borrower shall be notified of the failure of Borrower or any Obligor to provide financial and other information promptly when reasonably requested by Company. COMPANY'S REMEDIES - Upon the occurrence of one or more Events of Default, unless Company elects otherwise, the entire unpaid balance of this Note and all accrued interest shall be immediately due and payable without notice to Borrower or any Obligor, and Company may, immediately or at any time thereafter, exercise any or all of its rights and remedies hereunder or under any agreement or otherwise under applicable law against Borrower, any Obligor and any collateral. Company may exercise its rights and remedies in any order and may, at its option, delay in or refrain from exercising some or all of its rights and remedies without prejudice thereto. If Borrower fails to make any payment when due hereunder, Borrower shall pay company a service charge of five percent (5%) of such delinquent amount plus interest thereon from the due date thereof until paid at the rate set forth above. NOTICE TO BORROYVER - Any notice required to be given by Company under the provisions of this Note shall be effective as to each Borrower and each Obligor when addressed to Borrower and deposited in the mail, postage prepaid, for delivery by first class mail at Borrower's mailing address as it appears on Company's records. PAYMENTS - All payments due under this Note are to be made in inzmediately available funds. If Company accepts payment in any other form, such payment shall not be deemed to have been made until the funds comprising such payment have actually been received by or made available to Company. PAYMENT OF COSTS - In addition to the principal and interest payable hereunder, Borrower agrees to pay Company, on demand, all costs and expenses (including reasonable attorney's fees and disbursements) which may be incurred by Company in the collection of this Note or the enforcement of Company's rights and remedied hereunder. REPRESENTATIONS BY BORROWER - If Borrower is a corporation or a general or limited partnership, Borrower represents and warrants that it is validly existing and in good standihg in the jurisdiction under whose laws it was organized. If Borrower is a corporation, Borrower represents and warrants that the execution, delivery and performance of this Note are within Borrower's corporate powers, have been duly authorized by all necessary action by Borrower's Board of Directors, and are not in contravention of the terms of Borrower's charter, by-Jaws, or any resolution of its Board of Directors. If Borrower is a general or limited partnership, Borrower represents and warrants that the execution, delivery and performance of this Note have been duly authorized and are not in conflict with any provision of Borrower's partnership agreement or certificate of limited partnership. Borrower further represents and warrants that this Note has been validly executed and is enforceable in accordance with its terms, that the execution, delivery and performance by Borrower of this Note are not in contravention of law and do not conflict with any indenture, agreement or undertaking to which Borrower is a party or is otherwise bound, and that no consent or approval of any governmental authority or any third party is required in connection with the execution, delivery and performance of this Note. WAIVER, ETC., - Borrower and each Obligor waive presentment, dishonor, notice of dishonor, protest and notice of protest. Neither the failure nor any delay on the part of Company to exercise any right, remedy, power or privilege hereunder shall operate as a waiver or modification thereof. No consent, waiver or modification of the terms of this . Note shall be effective unless sel t~)rlh in a writing s~gned by company. Alt rights and remedies of Company are c~mulativ, e and concurrem and no single or partiat exerci~;e of'ans; power or privilege shall preclude any other or further exercise of any right, powe~ or priv,qege. MISCELLANEOUS - This Note is the unconditional obligation of Borrower, and Borrower agrees that Company shall not be required to exercise any of its rights or remedies against any collateral in which it holds a lien or security interest or against which it has a right of setoff or against any particular Obligor. All representation, warranties and agreements herein are made jointly and severally by each Borrower. If any provision of this Note shall be held invalid or unenforceable, such invalidity of unenforceability shall not affect any other provision hereof. To the extent that this Note represents a replacement, substitution, renewal or refinancing of a pre-existing note or other evidence of indebtedness, the indebtedness represented by such pre-existing note or other instrument shall not be deemed to have been extinguished hereby. This Note has been delivered in and shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania without regard to the law conflicts. This Note shall be binding upon each Borrower and each Obligor and upon their personal representatives, heirs, successors and assigns, and shall benefit Company and its successors and assigns. ASSIGNMENT BY COMPANY - Company may assign or transfer, and Borrower hereby consents to the assignment or transfer, of Company's interest in this Note without notice to Borrower. Borrower agrees that the liability of Borrower to any assignee of Company or any subsequent assignee of such assignee, shall be absolute and unconditional. CONSENT TO JURISDICTION AND VENUE - IN ANV LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER ARISING OUR OF OR RELATED TO THIS NOTE OR THE RELATIONSHIP EVIDENCED HEREBY, EACH UNDERSIGNED PARTY HEREBY IRREVOCABLY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED IN ANY COUNTY OF TIlE COMMONWEALTH OF PENNSYLVANIA WItERE COMPANY MAINTAINS AN OFFICE AND AGREES NOT TO RAISE ANY OBJECTION TO SUCH JURISDICTION OR TO THE LAYING OR MAINTAINING OF THE VENUE OF ANY SUCH PROCEEDING IN SUCH COUNTY. EACH UNDERSIGNED PARTY AGREES THAT SERVICE OF PROCESS IN ANY SUCH PROCEEDING MAY BE DULY EFFECTED UPON IT BY MAILING A COPY THEREOF, BY REGISTERED MAIL, POSTAGE PREPAID. TO EACH UNDERSIGNED PARTY. WAIVER OF JURY TRIAL - EACH UNDERSIGNED PARTY HEREBY WAIVES AND COMPANY BY ITS ACCEPTANCE HEREOF THEREBY WAIVES, TRIAL BY JURY IN AN~' LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAy ARISING OUT OF OR RELATED TO THIS NOTE OR THE RELATIONSItIP EVIDENCED ItEREBY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR COMPANY TO ENTER INTO, ACCEPT OR RELY UPON THIS NOTE. IN WITNESS WHEREOF. Borrower, intending this to be a sealed instrument and intending to be leg~lly bound hereby, has executed and delivered this Note as of the day and year first above written, Corporation or Partnership: By: (Print name and title) By: Collier Oil Company, Inc. Marilvn M. Collier, President Individuals: Witness Borrower (Print name of Witness) X (Print name of Borrower) (Print name of Witness) (Print name of Borrower) COMMERCIAL NOTE $.,37,962.{.N1 June 12, 2001 FOR VALUE RECEIVED, each of the undersigned, jointly and severally if more than one (hereinafter collectively referred to as "Borrower"), promises to pay to the order of HARSCO CORPORATION (the "Company"), at its offices at 4718 Old Gettysburg Rd., Ste 300. P. O. Box 8316, Camp Hill. PA 17001-8316, the principal amount of Thirty-seven Thousand Nine Hundred Sixty-two and 00/100 DOLLARS. in lawful money of the United States, plus interest, to be paid as follows: said principal plus interest shall be payable in 59 consecutive equal monthly installments of principal and interest, each in the amount of $ 732,15 commencing 30 days from date of shipment of Equipment and on the same day of the month each month thereafter, each of which installments shall be applied first to the payment of accrued and unpaid interest and then to the payment of principal and a final installment in an amount which is necessary to pay in full all of the outstanding principal plus accrued and unpaid interest on this Note on the date of the final payment. Interest shall accrue at the rate of 5.90 % per annum. Payments will be applied as aforesaid on the date received. ADDITIONAL TERMS OF THIS NOTE - Each of the following provisions shall apply to this Note. to any extension or modification hereof and to the indebtedness evidenced hereby, except as otherwise expressly stated above or in a separate writing signed by Company and Borrower. INDEBTEDNESS - This Note evidences the indebtedness of Borrower in connection with the sale of Equipment sold by Company to Borrower. INTEREST - Interest shall be calculated on the basis of a 360-day year and shall be charged for thc actual number of days elapsed. Accrued interest shall be payable monthly. Accrued interest shall also be payable when the entire principal balance of this Note becomes due and payable (whether by demand, stated maturity or acceleration) or. if earlier, when such principal balance is actually paid to Company. Interest shall accrue from the date shipment of Equipment is made by Company. provided, however, that to the extent this Note represents a replacement. substitution, renewal or refinancing of existing indebtedness, interest shall accrue from the date hereof. Interest shall accrue on the unpaid balance hereof at the rate provided for in this Note until the entire unpaid balance has been paid in full, notwithstanding the entry of any judgment against Borrower. PREPAYMENT - A prepayment of principal (including any principal repayment as a result of acceleration by Company of this Note) shall require immediate payment to Company of a prepayment fee equal to 1.5% of the principal amount being prepaid. Prepayments shall be applied to scheduled installments of principal in the inverse order of their maturity, shall be accompanied by payment of accrued interest on the principal amount being prepaid and. unless this Note has been accelerated by Company shall not be permitted in an amount less than the scheduled principal installment prior to final maturity of the outstanding principal balance. COLLATERAL - This Note and the indebtedness evidenced hereby shall be secured by any lien or security interest evidenced by a writing (whether now existing or hereafter executed) which contains a provision to the effect that such lien or security interest is intended to secure this Note or indebtedness evidenced hereby. EVENTS OF DEFAULT - Each of the following shall be an Event of Defauh hereunder: (al the nonpayment when due of any amount payable under this Note or under any obligation or indebtedness to Company of Borrower or any person liable, either absolutely or contingently, for payment of any indebtedness evidenced hereby, including endorsers, guarantors and sureties (each such person is referred to as an "Obligor"); lb) if Borrower or any Obligor has failed to observe or perform any other existing or future agreement with Company of any nature whatsoever; lc) if any representation, warranty, certificate, financial statement or other information made or given by Borrower or any Obligor to Company is materially incorrect or misleading: (d) if Borrower or any Obligor shall become insolvent or make an assignment for the benefit of creditors or if any petition shall be filed by or against Borrower or any Obligor under any bankruptcy or insolvency law; (el the entry of an3' judgment against Borrower or any Obligor which remains unsatisfied for 15 days or the issuance of any attachment, tax lien. levy or garnishment against any property of material value in which Borrower or any Obligor has an interest; (fl if any attachment, levy. garnishment or similar legal process is served upon Company as a result of any claim against Borrower or any Obligor or against any property of Borrower or any Obligor; (gl the dissolution, merger, consolidation or change in control (as control is defined in Rule 12b-2 under the Security Exchange Act of 1934). of any Borrower which is a corporation or partnership, or the sale or transfer of any substantial portion of any of Borrower's assets, or if any agreement for such dissolution, merger, or consolidation, change in control, sale or transfer is entered into by Borrower, without the written consent of Company; (hi the death of any Borrower or Obligor who is a natural person: (il if Company determines reasonably and in good faith that an event has occurred or a condition exists which has had. or is likely ~o have. a material adverse effect on the financial condition or creditworthiness of Borrower or any Obligor. or on the ability of Borrower or any Obligor to perform its obligation evidenced by this Note; (.j) if Borrower shall fail to remd promptly when due to the appropriate government agency or authorized dept~s~tory, any amoum collected or Exhibit "C" ASSIGNMENT BY COMPANY - Comoany may assign or transtar, and Borrower hereby consents to the assignment or trqnsfer, of Company's interest in Note without notice to ]3orr, ower. Borrower r ~.s that the liability of Borrower [:o any assignee of Company or any subsequent assignee of such assignee, ~,,all be absolute and unconditional. CONSENT TO JURISDICTION AND VENUE - IN ANT LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER ARISING OUT OF OR RELATED TO THIS NOTE OR THE RELATIONSHIP EVIDENCED HEREBY, EACH UNDERSIGNED PARTY HEREBY IRREVOCABLY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED IN ANY COUNTY OF THE COMMONWEALTH OF PENNSYLVANIA W3F/ERE COMPANY MAINTAINS AN OFFICE AND AGREES NOT TO RAISE ANY OBJECTION TO SUCH JURISDICTION OR TO THE LAYING OR MAINTAINING OF THE VENUE OF ANT SUCH PROCEEDING IN SUCH COUNTY. EACH UNDERSIGNED PARTY AGREES THAT SERVICE OF PROCESS IN ANY SUCH PROCEEDING MAY BE DULY EFFECTED UPON IT BY i~IAILING A COPY THEREOF, BY REGISTERED lS/IAIL, POSTAGE PREPAID, TO EACH UNDERSIGNED PARTY. WAIVER OF JURY TRIAL - EACH UNDERSIGNED PARTY HEREBY WAIVES AND COMPANY BY ITS ACCEPTANCE HEREOF THEREBY WAIVES, TRIAL BY JURY IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANT WAY ARISING OUT OF OR RELATED TO THIS NOTE OR THE RELATIONSHIP EVIDENCED HEREBY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR COMPANY TO ENTER INTO, ACCEPT OR RELY UPON THIS NOTE. IN WITNESS WHEREOF, Borrower, intending this to be a sealed instrument and intending to be legally bound hereby, has executed and delivered this Note as of the day and year first above written. Corporation or Partnership: By: (Print name and title) By: Marilvn M. Collier, President Individuals: Witness Borrower X (Print name of Witness) (Print name of Borrower) X X (Print name of Witness) (Print name of Borrower) PNC Leasing, LLC Date: August 31, 2003 End-User Name: Contract Number Original Cost Payoff Amount As Of: 08/31/03 1.5% of Principal Balance Per Diem Interest (due dally until payoff received) Date Payoff Received No. of Days of Per Diem Total Per Diem Interest Due Total Amount Due Total Amount Received Adjusted Monthly Payment Adjusted Contract Cost Prepayment Agreement COLLIER OIL COMPANY, INC. End-User 38.002 $37,962.00 $41,563.77 $623.46 $42,187.23 $6.22 $0.00 I As a result of the early payoff described above, that certain Loan and Secuirty Agreement dated April 18, 2001, by and between Harsce Corporation, as Borrower, and PNC Le;~sing, LLC, as Lender, and the related Schedule of Collateral, Schedule Number 2731.014, dated , and Supplement to Schedule of Colrateral thereto, are amended as follows: Remaining monthly payments are changed to $ , beginning with the next payment due on _. Except as amended hereby, the terms and provisions of the Agreement remain unchanged, are and shaJl remain in full force and effect unless and until modified or amended in writing in accordance with their terms, and are hereby ratified and confirmed. WITNESS the due execution hereof as of this __ day of ,2003. HARSCO CORPORATION, Borrower By: Title: PNC LEASING, LLC, Lender By: Title: Exhibit "D" COMM ER, CI.~L N,' OTE $'18..~}7.35 October 18, 2001 FOR VALUE RECEIVED, each of the undersigned, jointly and severally if more than one (hereinafter collectively refen'ed to as "Borrov,,er'), promises to pay to the order of HARSCO CORPORATION (the "Company"), at its offices at 4718 Old Genysburg Rd., Ste 300, P. O. Box 8316, Camp Hill, PA 17001-8316, the principal amount of Eighteen Thousand Five Hundred Thirty-seven and 35/100 DOLLARS, in lawful money of the United States, plus interest, to be paid as follows: said principal plus interest shall be payable in 59 consecutive equal monthly installments of principal and interest, each in the amount nfs 383.91 commencing 30 days from date of shipment of Equipment and on the same day of the month each month thereafter, each of which, installments shall be applied first to the payment of accrued and unpaid interest and then to the payment of principal and a final installment in an amount which is necessary to pay in full all of the outstanding principal plus accrued and unpaid interest on this Note on the date of the final payment. Interest shall accrue at the rate of 8.90% per annum. Payments will be applied as aforesaid on the date received. ADDITIONAL TERMS OF THIS NOTE - Each of the following provisions shall apply to this Note, to any extension or modification hereof and to the indebtedness evidenced hereby, except as otherwise expressly stated above or in a separate writing signed by Company and Borrower. INDEBTEDNESS - This Note evidences the indebtedness of Borruwer in connection with the sale of Equipment sold by Company to Borrower. INTEREST - Interest shall be calculated on the basis ora 360-day year and shall be charged for the actual number of days elapsed. Accrued interest shall be payable monthly. Accrued interest shall also be payable when the entire principal balance of this Note becomes due and payable (whether by demand, stated maturity or acceleration) or. if earlier, when such principal balance is actually paid to Company. Interest shall accrue from the date shipment of Equipment Js made by Company, provided, however, that to the extent this Note represents a replacement, substitution, renewal or refinancing of existing indebtedness, interest shall accrue from the date hereof. Interest shall accrue on the unpaid balance hereof at the rate provided for in this Note until the entire unpaid balance has been paid in full, notwithstanding the entry of any judgment against Borrower. pREPAYMENT - A prepayment of principal (including any principal repayment as a result of acceleration by Company of this Note) shall require immediate payment to Company ora prepayment fee equal to 1.5% of the principal amount being prepaid. Prepayments shall be applied to scheduled installments of principal in the inverse order of their maturity, shall be accompanied by payment of accrued interest on the principal amount being prepaid and, unless this Note has been accelerated by Company shall not be permitted in an amount less than the scheduled principal installment prior to final maturity of the outstanding principal balance. COLLATERAL ~ This Note and the indebtedness evidenced hereby shall be secured by any lien or security interest evidenced by a writing (whether now existing or hereafter executed) which contains a provision to the effect that such lien or security interest is intended to secure this Note or indebtedness evidenced hereby. EVENTS OF DEFAULT - Each of the following shall be an Event of Default hereunder: (a) the nonpayment when due of any amount payable under this Note or under any obligation or indebtedness to Con~pany of Borrower or any person liable, either absolutely or contingently, for payment of any indebtedness evidenced hereby, including endorsers, guarantors and sureties (each such person is referred to as an "Obligor"); (b) if Borrower or any Obligor has failed to observe or perform any other existing or future agreement with Company of any na~u-e whatsoever: (c) if any representation, warranty, certificate, financial statement or other information made or given by Borrower or any Obligor to Company is materially incorrect or misleading; (d) if Borrower or any Obligor shall become insolvent or make an assignment for the benefit of creditors or if any petition shall be filed by or against Borrower or any Obligor under any bankruptcy or insolvency law; (e) the entry of any judgment against Borrower or any Obligor which remains unsatisfied for 15 days or the issuance of any attachment, tax ben, levy or garnishment against any property of material value in which Borrower or any Obligor has an interest; (O if any attachment, levy, garnishment or sim/lar legal process is served upon Company as a result of any claim against Borrower or any Obligor or against any property of Borrower or any Obligor; (g) the dissolution, merger, consolidation or change in contxol (as control is defined in Rule 12b-2 under the Security Exchange Act of 1934), of any Borrower which is a corporation or parmership, or the sale or transfer of any substantial portion of any of Borrower's assets, or if any agreement for such dissolution, merger, or consolidation, change in control, sale or transfer is entered into by Borrower, without the written consent of Company; (h) the death of any Borrower or Obligor who is a natural person; (i) if Company determines reasonably and in good faith that an event has occurred or a condition exists which has had, or is likely to have, a material adverse effect on the financial condition or creditworthiness of Borrower or any Obligor, or on the ability of Borrower or any Obligor to perform its obligation evidenced by this Note; O) if Borrower shall fail to remit promptly when due to the appropriate goverrmqent agency or authorized depository, any amount collected or Exhibit "E" w~thheld' from any employee of ~.v, rower for payroll taxed. S_ciai Security paym¢ or similar payroll deductions; , (k) if any Obligor shall attempt to termanate or disclaim such Obligor's liability for the indebtedness evidenced by this Note: (1) if Company shall reasonably and in good faith detem~ine and notify Borrower that any collateral for Ihis Note or for the indebtedness evidenced hereby is insufficient as to quality or quantity; (m) if Borrower shall fail to pay when due any material indebtedness for borrowed money other than to Company; of(n) if Borrower shall be notified of the failure of Borrower or any Obligor to provide financial and other information promptly when reasonably requested by Company. COMPANY'S REMEDIES - Upon the occurrence of one or more Events of Default~ unless Company elects otherwise, the entire unpaid balance of this Note and all accrued interest shah be immediately due and payable without notice to Borrower or any Obligor, and Company may, immediately or at any time thereafter, exercise any or all of its rights and remedies hereunder or under any agreement ur otherwise under applicable law against Borrower, any Obligor and any collateral Company may exercise its rights and remedies in any order and may, at its option, delay in or refrain fi.om exercising some or all of its rights and remedies without prejudice thereto. If Borrower fails to make any payment when due hereunder, Borrower shall pay company a service charge of five percent (5%) of such delinquent amount plus interest thereon from the due date thereof until paid at the rate set forth above. NOTICE TO BORROWER - Any notice required to be given by Company under the provisions of this Note shall be effective as to each Borrower and each Obligor when addressed to Borrower and deposited in the mail, postage prepaid, for delivery by first class mail at Borrower's mailing address as it appears on Company's records. PAYMENTS - Ail payments due under this Note are to be made in immediately available funds. If Company accepts payment in any other form, such payment shall not be deemed to have been made until the funds comprising such payment have actually been received by or made available to Company. PAYMENT OF COSTS - In addition to the principal and interest payable hereunder, Borrower agrees to pay Company, on demand, all costs and expenses (including reasonable ailomey's fees and disbursements) which may be incurred by Company in the collection of this Note or the enforcement of Company's rights and remedied hereunder. REPRESENTATIONS BY BORROWER - If Borrower is a corporation or a general or lira/ted partnership, Borrower represents and warrants that it is validly existing and in good standing in the jurisdiction under whose laws it was organized. If Borrower is a corporation, Borrower represents and warrants that the execution, delivery and performance of this Note are within Borrower's corporate powers, have been duly authorized by all necessary action by Borrower's Board of Directors, and are not in contravention of the terms of Borrower's charter, by-laws, or any resolution of its Board of Directors. If Borrower is a general or limited partnership, Borrower represents and warrants that the execution, delive~j and performance of this Note have been duly authorized and are not in conflict with any provision of Borrower's partnership agreement or certificate nf limited parmership. Borrower further represents and warrants that this Note has been validly executed and is enforceable in accordance with its terms, that the execution, delivery and performance by Borrower of this Note are not in contravention of law and do not conflict ~dth any indenture, agreement or undertaking to which Borrower is a party or is otherwise bound, and that no consent or approval of any governmental authority or any third party is required in connection with the execution, delivery and performance of this Note. WAIVER. ETC., - Borrower and each Obligor waive presentment, dishonor, notice of dishonor, protest and notice of protest. Neither the failure nor any delay on the part of Company to exercise any right, remedy, power or privilege hereunder shall operate as a waiver or modification thereof. No consent, waiver or modification of the terms of this Note shall be effective unless set forth in a writing signed by company. All rights and remedies of Company are cumulative and concurrent and no single or partial exercise of any power or privilege shall preclude any other or further exercise of any right, power or privilege. MISCELLANEOUS - This Note is the unconditional obligation of Borrower, and Borrower agrees that Company shall not be required to exercise any of its rights or remedies against any collateral in which it holds a lien or security interest or against which it has a right ofsetoff or against any particular Obligor. All representation, warranties and agreements herein are made joimly and severally by each Borrower. If any provision of this Note shall be held invalid or unenforceable, such invalidity ofunenforeeability shall not affect any other provision hereo£ To the extent that this Note represents a replacement, substitution, renewal or refinancing of a pre-existing note or other evidence of indebtedness, the indebtedness represented by such pre-existing note or other instrument shall not be deemed to have been extinguished hereby. This Note has been delivered in and shall be governed by and construed in accordance with the laws o£lhe Commonwealth of Pennsylvania without regard to the law conflicts. This Note shall be binding upon each Borrower and each Obligor and upon their personal representatives, her's, successors and assigns, and shall benefit Company and its successors and assigns. ASSIGNMENT BY COMPANY -Cov- ny may assign or transfer, and Borrower hereby -onsents to the assignment or transfer, of Company's interest in 3 Note without notice to Borrower. Borrower ~ es that the liability of Berrower to any assignee of Company or any subsequent assignee of such assignee, shall be absolute and unconditional. CONSENT TO JURISDICTION AND VENUE - IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLy OR INDIRECTLY, ANy MATTER ARISING OUT OF OR RELATED TO THIS NOTE OR THE RELATIONSHIP EVIDENCED HEREBY, EACH UNDERSIGNED PARTY HEREBY IRREVOCABLY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF ANY STATE OR FEDEIOsL COURT LOCATED IN ANY COUNTY OF THE COMMONWEALTH OF PENNSYLVANIA WHERE COMPANY MAINTAINS AN OFFICE AND AGREES NOT TO RAISE ANY OBJECTION TO SUCH JURISDICTION OR TO THE LAYING OR MAINTAINING OF THE VENUE OF ANY SUCH PROCEEDING IN SUCH COUNTY. EACH UNDERSIGNED PARTY AGREES THAT SERVICE OF pROCESS IN ANY SUCH PROCEEDING MAY BE DULY EFFECTED UPON IT BY MAILING A COPY THEREOF, BY REGISTERED MAIL, POSTAGE PREPAID, TO EACH UNDERSIGNED PARTY. WAIVER OF JURY TRIAL - EACH UNDERSIGNED PARTY HEREBY WAIVES AND COMPANY HY ITS ACCEPTANCE HEREOF THEREBY WAIVES, TRIAL RY JURY IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLy OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAy ARISING OUT OF OR RELATED TO THIS NOTE OR THE RELATIONSHIP EVIDENCED HEREBY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR COMPANY TO ENTER INTO, ACCEPT OR RELY UPON THIS NOTE. IN WITNESS WHEREOF, Borrower, intending this to be a sealed instrument and intending to be legally bound hereby, has executed and delivered this Note as of the day and year first above writlen. Corporation or Partnership: By: By: Marilvn M. Collier, President (Print name and title) Individuals: Witness X X (Print name of Wimess) (Print nante of Borrower) X X (Print name of Wimess) (Print name of Borrower) $19,949:13 COM M ER,ClA~. N,OTE December 15, 2000 FOR VALUE RECEIVED, each of the undersigned, jointly and severally if more than one (hereinafter collectively referred to as "Borrower"), promises to pay to the order of HAR$CO CORPORATION (the "Company"). at its offices at 471 g Old Gettysburg Road, Suite 300, P. O. Boa 8870, Camp Hill, PA 17001-8870, the principal amount of Nineteen Thousand Nine Hundred Forty-nine and 13/100 DOLLARS, in lawful money of the Unitdd States, plus interest, to be paid as follows: said principal plus interest shall be payable in 35 consecutive equal monthly installments of principal and interest, each in the amount of $643.70 commencing 30 days from date of shipment of Equipment and on the same day of the month each month thereafter, each of which installments shall be applied first to the payment of accrued and unpaid interest and then to the payment of principal and a final installment in an amount which is necessary to pay in ful] all of the outstanding principal plus accrued and unpaid interest on this Note on the date of the final payment. Interest shall accrue at the rate of 10.00% per annum. Payments will be applied as aforesaid on the date received. ADDITIONAL TERMS OF THIS NOTE - Each of the following provisions shall apply to this Note, to any extension or modification hereof and to the indebtedness evidenced hereby, except as otherwise expressly stated above or in a separate writing signed by Company and Borrower. INDEBTEDNESS - This Note evidences the indebte~tness of Borrower in connection with thc sale of Equipmem sold by Company to Borrower. INTEREST - Interest shall be calculated on the basis of a 360-day year and shall be charged for the actual number of days elapsed. Accrued interest shall be payable monthly. Accrued interest shall also be payable when the entire principal balance of this Note becomes due and payable (whether by demand, stated maturity or acceleration) or, if earlier, when such principal balance is actually paid to Company. Interest shall accrue from the date shipment of Equipment is made by Company, provided, however, that to the extent this Note represents a replacement, substitution, renewal or refinancing of existing indebtedness, interest shall accrue fi.om the date hereof. Interest shall accrue on the unpaid balance hereof at the rate provided for in this Note until the entire unpaid balance has been paid in full, notwithstanding the entry of any judgment against Borrower. PAYM~IVr - A prepayment of principal (including any principal repayment as a result of acceleration by Company of this Note) shall require immediate payment to Company of a prepayment fee equal to the amount by which the aggregate present value of scheduled principal and interest payments eliminated by the prepayment exceeds the principal amount being prepaid. Said present value shall be calculated by application ora discount rate determined by Company, in its reasonable judgment, to be the yield-to-maturity plus 1.15% at the time of prepayment, on U.S. Treasury securities having a maturity which most closely approximates the final maturity date of the principal balance then outstanding. Whether or not a prepayment fee is required hereunder, prepayments shall be applied to scheduled installments of principal in the inverse order of their maturity, shall be accompanied by payment of accrued interest on the principal amount being prepaid and, unless this Note has been accelerated by Company shall not be permitted in an amount ]ess than the scheduled principal installment prior to final maturity of the outstanding principal balance. Notwithstanding, any provision contained herein, the maximum prepayment to be paid by Borrower under this Note shall not exceed the foregoing expressed as a percent of the outstanding principal balance being prepaid: Fully 1st 2nd 3rd 4th 5th Amortized Year Year Year Year Year 1 2.00% 2 2.50% 2.00% 3 3.50% 3.00% 2.00% 4 4.00% 3.50% 3.00% - ~2~00% 5 5.00% 4.00% 3.50% 3.00% 2.00% COLLATERAL - This Note and the indebtedness evidenced hereby shall be secured by any lien or security interest evidenced by a writing (whether now existing or hereafter executed) which contains a provision to thc effect that such lien or security interest is intended to secure this Note or indebtedness evidenced hereby. EVENTS OF DEFAULT - Each of the fo/lowing shall be an Event of Default hereunder: (a) the nonpayment when due of any amount payable under this Note or under any obligation or indebtedness to Company of Borrower or any person liable, either absolutely or contingently, for payment of any indebtedness evidenced hereby, including endorsers, guarantors and sureties (each such person is referred to as an "Obligor"); (b) if Borrower or any Obligor Exhibit "G" cumulative and concurrent and no ,~ingle or partial exercis,e of.any,power or privilege shall preclude any other or furtbei'exe, rcise of any right~ pov, r privilege. MISCELLANEOUS - This Note is the unconditional obligation of Borrower, and Borrower agrees that Company shall not be required to exercise any of its rights or remedies against any collateral in which it bolds a lien or security interest or against which it has a right of setoff or against any particular Obligor. All representation, warranties and agreements herein are made jointly and severally by each Borrower. If any provision of this Note shall be held invalid or unenforceable, such invalidity of unenfomeability shall not affect any other provision hereof. To the extent that this Note represents a replacement, substitution, renewal or refinancing of a pre-existing note or other evidence of indebtedness, the indebtedness represented by such pre-existing note or other instrument shall not be deemed to have been extinguished hereby. This Note has been delivered in and shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania without regard to the law conflicts. This Note shall be binding upon each Borrower and each Obligor and upon their personal representatives, heirs, successors and assigns, and shall benefit Company and its successors and assigns. ASSIGNI~ENT BY COMPANY - Company may assign or transfer, and Borrower hereby consents to the assignment or transfer, of Company's interest in this Note without notice to Borrower. Borrower agrees that the liability of Borrower to any assignee of Company or any subsequent assignee of such assignee, shall be absolute and unconditional. CONSENT TO JURISDICTION AND VENUE. IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLy, ANY MATTER ARISING OUR OF OR RELATED TO T~S NOTE OR THE RELATIONSHIP EVIDENCED H~REBY, EACH UNDERSIGNED PARTY H~REBY IRREVOCABLY SUBMITS TO TH~ NONEXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED IN ANY COUNTY OF THE COMMONWEALTH OF PENNSYLVANIA WHERE COMPANY MAINTAINS AN OFFICE AND AGREES NOT TO RAISE ANY OBJECTION TO SUCH JURISDICTION OR TO THE LAYING OR MAINTAINING OF THE VENUE OF ANY SUCH PROCEEDING IN SUCH COUNTY. EACH UNDERSIGNED PARTY AGREES THAT SERVICE OF PROCESS IN ANY SUCH PROCEEDING MAY BE DULY EFFECTED UPON IT BY MAILING A COPY THEREOF, BY REGISTERED MA[L, POSTAGE PREPAID, TO EACH UNDERSIGNED PARTY. WAIVER OF JURY TRIAL. EACH UNDERSIGNED PARTY HEREBY WAIVES AND COlVlI~ANY BY ITS ACCEPTANCE HEHEOF THEREBY WAIVES, TRIAL BY JURY IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLy, ANY/VIA 1 ~I~R (V~l~'l HER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF OR RELATED TO THIS NOTE OR TH~ RELATIONSHIP EVIDENCED HEREBY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR COMPANY TO ENTER INTO, ACCEPT OR RELY UPON THIS NOTE. IN WITNESS WHF_.REOF, Borrower, intending this to be a sealed instrument and intending to be legally bound hereby, has executed and delivered this Note as of the day and year first above written. Corporation or Partnership: By: (Print name and title) Collier Oil Company, Inc. By: Marilvn MTColtier, President Individuals: Witness Borrower X (Print name of Witness) X X (Print name of Borrower) (Print name of Witness) (print name of Borrower) Exhibit "H" lurthcr exerci::c of a? right, e- ',er or privilege. . _ 'MISCELLANEOUS o This Note is thc unconditional obligation of Borrower, and Borrower agrees that Company shall not bc required to excrci:;e any of its rights or remedies against any collateral in which it holds a lien or security interest or against which it has a right of sctoff or against any particular Obligor. All represcmation, warranties and agr¢cmcms herein are made jointly and severally by each Borrower. If any provision of this Note shall be held invalid or unenforceable, such invalidity of unenforccabilky shall not affect any other provision befool. To thc extent that this Note rcprescn~ a replacement, substitution, renewal or refinancing of a pre-existing note or other evidence of indebtedness,, thc thdcbtedncss rcpresemed by such pre*existing note or other instmmcm shall not be deemed to have been extinguishcd bereby. This Note has been delivered in and shall be governed by and construed in accordance with thc laws of thc Commonwealth of Pennsylvania without regard to thc law conflicts. This Note shall be binding upon cach Borrower and each Obligor and upon their personal represcntatives, beirs, successors and assigns, and shall benefit Company and its successors and assigns. ASSIGNMENT BY COMPANY - Company may assign or transfer, and Borrower hereby consents to the assignment or transfer, of Company's interest in this Note without notice to Borrower. Borrower agrees that thc liability of Borrower to any assignee of Company or any subsequent assignee of such assignee, shatl be absolute and unconditional. CONSENT TO JURISDICTION A/O) VENUE. IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MA'I'rER ARISING OUR OF OR RELATED TO THIS NOTE OR THE RELATIONSHIi· EVIDENCED HEREBY, EACH UNDERSIGNED PARTY HEREBy IRREVOCABLY S~BMITS TO THE NONEXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED IN ANY COUNTY OF THE COM3,iONWEALTH OF PENNSYLVANIA V~rItERE COMPANY MAINTAINS AN OFFICE AND AGREES NOT TO RAISE ANY OBJECTION TO SUCH JURISDICTION OR TO THE LAYING OR MAINTAINING OF TH~ VENUE OF ANY SUCH PROCEEDING IN SUCH COUN'I'Y. EACH UNDERSIGNED PARTY AGREES THAT SERVICE OF PROCESS IN ANY SUCH PROCEEDING MAY BE DULY EFFECTED UPON IT BY MAILING A COPY THEREOF, BY REGISTERED MAIL, POSTAGE PREPAID, TO EACH UNDERSIGNED PARTY. WAIVER OF JURY TRIAL. EACH UNDERSIGNED PARTY HEREBY WAIVES AND COMPANY BY IT~ ACCEPTANCE HEREOF THEREBY WAIVES, TRIAL BY JURY IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY. ANY IVIA'I'I'ER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF OR RELATED TO THIS NOTE OR THE RELATIONSHIP EVIDENCED HEREBY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR COMPANY TO ENTER IN'rO. ACCEPT OR RELY UPON THIS NOTE. IN WITNESS WHEREOF, Borrower. intending this to be a seated instrument and intending to be legally bound bercby, has executed and delivered this Note as of thc day and year first above written. Corporation or Partnership: By: (Print name and title) Collier Oil Company, Inc. 'Mhnlvn M. Colher, President Individuals: Witness Borrower (Print name of Witness) (Print name of Borrower) (Print name of Witness) (Print name of Borrower) COMMERC, IA I~ NOTE $ 32,657.58 September 27, 2000 FOR VALUE RECEIVED, each of the undersigned, jointly and severally if more than one (hereinafter collectively referred to as "Borrower"), promises to pay to the order of HARSCO CORPORATION (the Company ), at its offices at 4718 Old Gettysburg Road, 17055, P.O. Box 8870, Camp Hill, Pennsvlvania 17001- 8870, the principal amount of Thirty-two Thousand Six Hundred Fifty-seren and 58/100 DOLLARS, in lawful money of the United States, plus interest, to be paid as follows: said principal plus interest shall be payable in 59 consecutive equal monthly installments of principal and interest, each in the amount of $705.99 commencing 30 days from the date of shipment of Equipment and on the same day of the month each month thereafter, each of which installments shall be applied first to the payment of accrued and unpaid interest and then to the payment of principal and a final installment in an amount which is necessary to pay in full all of the outstanding principal plus accrued and unpaid interesl on this Note on the date of the final payment. Interest shall accrue at the rate of 10.75% per annum. Payments will be applied as aforesaid on the date received. ADDITIONAL TERMS OF THIS NOTI~ - Each of the following provisions shall apply to this Note, to any extension or modification hereof and to the indebtedness evidenced hereby, except as otherwise expressly stated above or in a separate writing signed by Company and Borrower. INDEBTEDBrES$ - This Note evidences the indebtedness of Borrower in connection with the sale of Equipment sold by Company to Borrower. iNrrEREST - Interest shall be calculated on the basis of a 360-day year and shall be charged for the actual number of days elapsed. Accrued interest shall be payable monthly. Accrued interest shall also be payable when the entire principal balance of this Note becomes due and payable (whether by demand, stated maturity or acceleration) or, if earlier, when such principal balance is actually paid to Company. Interest shall accrue from the date shipment of Equipment is made by Company, provided, however, that to the extent this Note represents a replacemenL substitution, renewal or refinancing of existing indebtedness, interest shall accrue from the date hereof. Interest shall accrue on the unpaid balance hereof at the rate provided for in this Note until the entire unpaid balance has been paid in fulh notwithstanding the entry of any judgment against Borrower. pILEPAYM~NT - Borrower may at its option prepay all or any portion of the principal balance of this Note without premium or penalty. Prepayments shall be applied to scheduled installments of principal in the inverse order of their maturity, shall be accompanied by payment of accrued interest on the principal amount being prepaid and, unless this Note has been accelerated by Company shall not be permitted in an amount less than the scheduled principal installment prior to final maturity of the outstanding principal balance. COLLATERAL - This Note and the indebtedness evidenced hereby shall be secured by any lien or security interest evidenced b), a writing (whether now existing or hereafter executed) which contains a provision to the effect that such lien or security interest is intended to secure this Note or indebtedness evidenced hereby. EVENTS OF DEFAULT - Each of the following shall be an Event of Default hereunder: (a) the nonpayment when due of any amount payable under this Note or under any obligation or indebtedness to Company of Borrower or any person liable, either absolutely or contingently, for payment of any indebtedness evidenced hereby, including endorsers, guarantors and sureties (each such person is referred to as an "Obligor"); (b) if Borrower or any Obligor has failed to observe or perform any other existing or future agreement with Company of an)' nature whatsoever: (c) if any representation, warranty, certificate, financial statement or other information made or given by Borrower or an)' Obligor to Company is materially incorrect or misleading; (d) if Borrower or any Obligor shall become insolvent or make an assignment for the benefit of creditors or if any petition shall be filed by or against Borrower or an), Obligor under an)' bankruptcy thsolvency law; (e) the entry of any judgment against Borrower or an)' Obligor which remains unsansfied for 15 days or the issuance of an), attachment, tax lien. levy or garnishment against any property of material value in which Borrower or any Obligor has an interest; (f) if any attachment, lev),, garnishment or similar legal process is served upon Company as a result of any claim against Borrower or any Obligor or against any property of Borrower or any Obligor; (g) the dissolution, merger, consolidation or change in control (as control is defined in Rule 12b-2 under the Securities Exchange Act of 1934), of any Borrower which is a corporation or parmership.:gr the sale or transfer of any substantial portion of any of Borrower's assets, or if any agreement for such dissolution, merger, or consolidation, change in control, sale or transfer is entered into by Borrower. without the written consem of Company; (h) the death of any Borrower or Obligor who is a natural person; (i) if Company determines reasonably and in good faith that an event has occurred or a condition exists which has had. or is likely to have. a material adverse effect on the financial condition or creditworthiness of Borrower or an)' Obligor. or on the ability of Borrower or any Obligor to perform its obligation evidenced by this Note; (j) if Borrower shall fail to remit promptly when due to the appropriate governmem agency or authorized depository, an.',' amoum collected or Exhibit "J" Borrower to any assignee of Cot ' ny or any subsequent assignee of such assignee ',all be absolute and tlncondi~ionaE CONSENT TO JURISDICTION AND VENUE. IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER ARISING OUT OF OR RELATED TO THIS NOTE OR THE RELATIONSHI~ EVIDENCED HEREBY, EACH UNDERSIGNED PARTY HEREBY IRREVOCABLY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL cOURT LOCATED IN ANY COUNTY OF TH~ COMMONWEALTH OF PENNSYLVANIA WH]ERE COMPANY MAINTAINS AN OFFICE AND AGREES NOT TO RAISE ANY OBJECTION TO SUCH JURISDICTION OR TO THE LAYING OR MAINTAINING OF THE VENUE OF ANY SUCH PROCEEDING IN SUCH COUNTY. EACH UNDERSIGNED PARTY AGREES THAT SERVICE OF PROCESS IN ANY SUCH PROCEEDING MAY BE DULy EFFECTED UPON IT BY MAILING A COPY THEREOF, BY REGISTERED MAIL, POSTAGE PREPAID, TO EACH UNDERSIGNED PARTY. WAIVER OF JURY TRIAL - EACH UNDERSIGNED PARTY HEREBY WAIVES AND COMPANY BY ITS ACCEPTANCE HEREOF THEREBY WAIVES, TRIAL BY JURY IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLY OR IS~DIRECTLY, ANY MATTER (WIEETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF OR RELATED TO THIS NOTE OR THE RELATIONSHI]> EVIDENCED HEREBY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR COMI°ANY TO ENTER I~'TO, ACCEPT OR RELY UPON THIS NOTE. IN WITNESS WHEREOF, Borrower, intending this to be a sealed instrument and intending to be egallv bound hereby, has executed and delivered this Note as of the day and year first above written. Corporation or Partnership: By: Collier Oil Company, Inc. Marilvn M. Collier. President (Print name and title) Individual: Witness U (Print nam~ of Witness) L (Print name of Witness3'~ X (Print name of Borrower) (Print name of Borrower) 8/27/03 8:07:32 131959 F&nd &nvo&oe Type options, 5=D±splay Accounts Receivable Inquiry Open Accounts Receivable COLLZER OIL & GAS *=blanks Opt Znvoice Ship-'to Typ St 0 Znv 2247032 131959 IN 62501 2247¢33 131959 ZN 625¢1 22472¢6 131959 ZN 7¢9¢1 ¢¢646675 131959 CR 3¢501 C/N 1¢¢ KMAHONEY : Open AR total : : 39,¢¢1,92 : : Press Enter to cont£nue, : Disc Net Age [nvo2oe Amount 725¢1 763 17,310.0¢ 72501 763 21~995.¢0 8¢8¢1 749 655.¢¢ 316¢1 894 958.¢8- F2=N&ndoN FS=Fold F9=Contacts F18=Calculate balance F11=Remarks F12=Cancel F2¢=Customer summary Exhibit "K" VERIFICATION COMPANY NAME: Harsco Corporation, Gas & Fluid Control Group I verify that the statements made in the foregoing Complaint are true and correct. I understand that false statements herein are made subject to the penalties of 18 PA C.S. § 4904 relating to unsworn falsification to authorities. AFFIDAVIT OF, SERVICE Commonwealth of Pennsylvania County of CUMBERLAND Common Pleas Court Case Number: 03-5464 Plaintiff: HARSCO CORPORATION, GAS & FLUID CONTROL GROUP VS. Defendant: COLLIER OIL COMPANY, INC. For: John W. Purcell Jr. PURCELL, KRUG & HALLER Received by CHOICE PROCESS - TAMPA on the 21st day of October, 2003 at 11:37 am to be served on COLLIER OIL COMPANY, INCORPORATED, 2910 NORTH U.S. HIGHWAY 231, OZARK, ALABAMA 36360. I, [.~.,~ ~,r-~ , being duly sworn, depose and say that on the .~?~'" dayof ~c~z- 20b.{ at io : e0 ~,m., e×ecpted service b~/de!iverin~ a true copy of the NOTICE AND COMPLAINT in accordance with state statutes in the manner marked below: 0q PUBLIC AGENCY: By serVing ~=4,~. /~.. ~'~u~,¢~- the within-named agency. as ~ ~ of () SUBSTITUTE SERVICE:By serving as ( ) CORPORATE SERVICE: By serving as ( ) OTHER SERVICE: As deScribed in the Comments below by serving _ as ( ) NON SERVICE: For the reason detailed in the Comments below. COMMENTS: . I certify that I have no interest in the above action, am of legal age and have proper authority in the jurisdiction in which this service was made. Subscribed and Sworn to beJfore me on the~?~' day of~, ~ by the affian~o is ~nally known to me.. PROCESS SERVER # Appointed in accordance with State Statutes CHOICE PROCESS - TAMPA P.O. Box 1215 Tampa, FL 33601 (813) 229-1444 Our Job Serial Number: 2003005678 Copyright O 1992-2001 Database Services, Inc - Precess Server's T~olbox V55f HARSCO CORPORATION, GAS & FLUID CONTROL GROUP, Plaintiff VS. COLLIER OIL COMPANY, INC. Defendant : IN THE COURT OF COMMON PLEAS : CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION-LAW : NO. 03-5464 MOTION TO ENTER CONSENT JUDGMENT AND AGREED ORDER 1. The movant is Harsco Corporation, Gas and Fluid Control Group, the Plaintiff in the above captioned matter. 2. After service of the complaint, the parties have negotiated a Consent Judgment and Agreed Order, which is attached to the present Motion. Wherefore, Movant requests that the Court approve the negotiated Consent Judgment and Agreed Order, in the form attached to this Motion. Respectfully submitted, PU RC~,-C't~rI~____~ K,...._.~. ~29955 1719 North Front Street Harrisburg, PA 17102 (717) 234-4178 CERTIFICATE OF SERVICE I, John W. Purcell, Jr., Attorney for the Plaintiff, hereby certify that a true and correct copy of the foregoing was served on the Defendant by forwarding said copy to the following address, by first class U.S. Mail on December 2, 2003 Collier Oil Company, Inc. 2910 North US Highway 231 Ozark, Alabama 36360 HARSCO CORPORATION, GAS & FLUID CONTROL GROUP, Plaintiff, COLLIER OIL COMPANY, INC., Defendant. IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION -LAW: NO. 03-5464 CONSENT JUDGMENT AND AGREED ORDER This matter coming before the Court upon being advised by the parties of a settlement in this matter, and the Court being otherwise fully advised in the premises, it is hereby Ordered, Adjudged, and Decreed as follows: 1. WHEREAS, on or about October 8, 2003, a lawsuit was initiated in the Court of Common Pleas, Cumberland County, Pennsylvania, styled Harsco Corporation, Gas & Fluid Control Group v. Collier Oil Company, Inc.; Civil Action-Law No.: 03-5464, and 2. WHEREAS, the plaintiff, Harsco Corporation, Gas & Fluid Control Group, a division of Harsco Corporation (hereinafter "Harsco") is a creditor of the defendant, Collier Oil Company, Inc. (hereinafter "Collier Oil"), pursuant to a series of commercial notes and a line of credit or open account as more specifically set forth in the Complaint made the basis of this lawsuit and incorporated herein by reference, and 3. WHEREAS, Collier Oil is presently in default on its payments as set forth below: (a) A commercial note, dated March 10, 2001, PNC Note #38-001, in the total amount of $91,586.31, with the total sum of $78,497.94, representing the unpaid balance on the note, plus accrued interest, presently due and owing to Harsco; (b) A commercial note, dated June 12, 2001, PNC Note #38-002, in the total amount of $37,962.00, with the total sum of $42,596.14, representing the unpaid balance on the note, plus accrued interest, presently due and owing to Harsco; (c) A commercial note, dated October 18, 2001, PNC Note #38-003, in the total amount of $18,537.35, with the total sum of $21,570.25, representing the unpaid balance of the note, plus accrued interest, presently due and owing to Harsco; (d) A commercial note, dated December 15, 2000, First Union Note #26, in the total amount of $19,949.13, with the total sum of $23,052.79, representing the unpaid balance of the note, plus accrued interest, presently due and owing to Harsco; (e) A commercial note, dated December 7.~ 2000, First Union Note ~42, in the total amount of $17,867.79, with the unpaid balance of $12,966.00, representing the unpaid balance of the note, plus accrued interest, presently due and owing to Harsco; (f) A commercial note, dated September 27, 2000, First Union Note #67, in the total amount of $32,657.58, with the unpaid balance of $7,905.62, representing the unpaid balance of the note, plus accrued interest, presently due and owing to Harsco; (g) A line of credit or open account, to be paid within 30 days of the date of invoice, with a current balance of $36,301.92, which is more than 30 days overdue and which is currently due and owing to Harsco; and1 4. WHEREAS, the parties, being fully advised in the premises, have agreed to a settlement of this matter and a consent judgment to be entered in favor of Harsco as follows: (a) Judgment is entered in favor of Harsco and against Collier Oil as to plaintiff's complaint filed on or about October 8, 2003 and herein above referenced. (b) Judgment is entered in the total sum of TWO HUNDRED TWENTY TWO THOUSAND EIGHT HUNDRED NINETY AND 66/100 ($222,890.66) Dollars? (c) Harsco shall be permitted to draft the defendant's bank account in an amount of not less than $5,000 per month. (d) Bank drafts exceeding $5,000 per month shall be permitted as approved by the defendant; however, the cumulative total of the drafts per year shall not average less than $5,000 per month. (e) Drafts shall be credited against the line of credit or open account first, until such balance is paid in full. ~Amounts shown in paragraphs 3(a) through 3(g) reflect balances owed and interest accrued as of October 31, 2003. ZRepresents the total of paragraphs 3(a) through 3(g) as of October 31, 2003. (f) Interest and payments shall be as shown on the schedule attached hereto as Exhibit "A" and specifically incorporated herein by reference and made a part of this judgment. (g) Execution upon this judgment is stayed other than to permit plaintiff to register/record the judgment in the State of Pennsylvania and the State of Alabama. Plaintiff may commence such registration/recording within thirty (30) days hereafter. (h) If defendant shall fail to make any monthly payment to plaintiff or otherwise fail to comply with the terms of this agreement and order, plaintiff shall have the right to immediately execute upon the judgment as provided by law. 5. Once this consent judgment and agreed order are entered by the Court, the complaint shall be dismissed with prejudice. Done and Ordered this the day of ., 2003. Judge Approved on behalf of Plaintiff: Vice President - Controller Harsco Corporation STATE OF PENNSYLVANIA COUNTY OF CUMBERLAND I, the undersigned, a notary public in and for said county in said state, hereby certify that James E. Cline, whose name as Vice President-Controller of Harsco Corporation, is signed to the foregoing instrument and who is known to me acknowledged before me on this day that being informed of the contents of the instrument, he, as such officer and with full authority, executed the same voluntarily for and as the act of said corporation. App r ~ov.y. od~<{~ behalf of Defendant: ~l~gju-'~. Collier (Preside~ht Oil Company, Inc. Notary PuBlic x My Commission Expires: C~MO~E~TH/OF PE~S~VANIA N~ K~ A. M~, No~ ~blic C~p ~11 My ~o~ ~i~ ~pims May ~mber, Penn~n~ ~lad~ ~ N~fles STATE OF ALABAMA COUNTY OF DALE I, the undersigned, a notary public in and for said county in said state, hereby certify that Edgar M. Collier, whose name as President of Collier ()il Company, Inc., is signed to the foregoing instrument and who is known to me acknowledged before me on this day that being informed of the contents of the instrument, he, as such officer and with full authority, executed the same voluntarily for and as the act of said corporation. Notary ~'~blic '- My Commission Expires: Collier Summary Subsequent 8/31/2003 Payment 1 - 9 Payment #10 Payment Note Number Balance Application Application Application* 26 $ 25,305.00 12.5% $ 462.24 $ 697.38 42 $ 12,756.09 6.3% $ 233.01 $ 400.00 67 $ 14,861.07 7.3% $ 271.46 $ 202.62 1 $ 86,081.39 42.5% $ 1,572.42 $ 2,100.00 2 $ 42,187.23 20.8% $ 770.62 $ 1,000.00 3 $ 21,259.03 10.5% $ 388.33 $ 600.00 $ 202,449.81 100.0% $ 3,698.08 $ 5,000.00 Open Account $ 39,001.92 $ 5,000.00 $ 1,301.92 Total $ 5,000.00 $ 5,000.00 $ 5,000.00 *Once note is paid, application will be made to remaining notes as determined by Harsco. Note Nl~mber Variable Inputs: Note Amount 8/31/03 Interest rate Payment Estimated Month Payment Date 0 1 2 10/29/2003 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 26 $ 25,305.00 '10.75% $ 697.38 Estimated / Actual Payment Date Beginning Interest 8/31/2003 09/30/03 $ 25,305.00 $ 226.69 $ 10/29/2003 $ 25,531.69 $ 221.10 $ 11/28/03 $ 23,052.79 $ 206.51 $ 12/28/03 $ 23,259.30 $ 208.36 $ 01/27/04 $ 23,467.66 $ 210.23 $ 02/26/04 $ 23,677.89 $ 212.11 $ 03/27/04 $ 23,890.00 $ 214.01 $ 04/26/04 $ 24,104.01 $ 215.93 $ 05/26/04 $ 24,319.94 $ 217.87 $ 06/25/04 $ 24,537.81 $ 219.82 $ 07/25/04 $ 24,295.39 $ 217.55 $ 08/24/04 $ 23,815.66 $ 213.35 $ 09/23/04 $ 23,331.63 $ 209.01 $ 10/23/04 $ 22,843.26 $ 204.64 $ 11/22/04 $ 22,350.52 $ 200.22 $ 12/22/04 $ 21,853.36 $ 195.77 $ 01/21/05 $ 21,351.75 $ 191.28 $ 02/20/05 $ 20,845.65 $ 186.74 $ 03/22/05 $ 20,335.01 $ 182.17 $ 04/21/05 $ 19,819.80 $ 177.55 $ 05/21/05 $ 19,299.97 $ 172.90 $ 06/20/05 $ 18,775.49 $ 168.;;'0 $ 07/20/05 $ 18,246.31 $ 163.46 $ 08/19/05 $ 17,712.39 $ 158.67 $ 09/18/05 $ 17,173.68 $ 153.65 $ 10/18/05 $ 16,630.15 $ 148.98 $ 11/17/05 $ 16,081.75 $ 144.07 $ 12/17/05 $ 15,528,44 $ 139.11 $ 01/16/06 $ 14,970.17 $ 134.11 $ 02/15/06 $ 14,406.90 $ 129.06 $ 03/17/06 $ 13,838.58 $ 123.97 $ 04/16/06 $ 13,265.17 $ 118.83 $ 05/16/06 $ 12,686.62 $ 113.65 $ 06/15/06 $ 12,102,89 $ 108.42 $ 07/15/06 $ 11,513.93 $ 103.15 $ 08/14/06 $ 10,919.70 $ 97,82 $ 09/13/06 $ 10,320.14 $ 92.45 $ 10/13/06 $ 9,715.21 $ 87.03 $ 11/12/06 $ 9,104.86 $ 81.56 $ 12/12/06 $ 8,489.04 $ 76.05 $ 01/11/07 $ 7,867.71 $ 70.48 $ 02/10/07 $ 7,240.81 $ 64.87 $ 03/12/07 $ 6,608.30 $ 59.20 $ 04/11/07 $ 5,970.12 $ 53.48 $ 05/11/07 $ 5,326.22 $ 47.;'1 $ 06/10/07 $ 4,676.55 $ 41.89 $ 07/10/07 $ 4,021.06 $ 36.62 $ 08/09/07 $ 3,359.70 $ 30.10 $ 09/08/07 $ 2,692.42 $ 24.~2 $ 10/08/07 $ 2,019.16 $ 18.09 $ 11/07/07 $ 1,339.87 $ 12.00 $ 12/07/07 $ 654.49 $ 5.86 $ 01/06/08 $ (0.00) $ $ 60 Mo. Payment 2,700.00 462.24 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 660.35 (0.00) Ending $ 25,531.69 $ 23,052.79 $ 23,259.30 $ 23,467.66 $ 23,677.89 $ 23,890.00 $ 24,104.01 $ 24,319.94 $ 24,537.81 $ 24,295.39 $ 23,815.66 $ 23,331.63 $ 22,843.26 $ 22,35O.52 $ 21,853.36 $ 21,351.75 $ 20,845.65 $ 20,335.01 $ 19,819.80 $ 19,299.97 $ 18,775.49 $ 18,246.31 $ 17,712.39 $ 17,173.68 $ 16,630.15 $ 16,081.75 $ 15,528.44 $ 14,970.17 $ 14,406.90 $ 13,838.58 $ 13,265.17 $ 12,686.62 $ 12,102.89 $ 11,513.93 $ 10,919.70 $ 10,320.14 $ 9,715.21 $ 9,104.86 $ 8,489.04 $ 7,867.71 $ 7,240.81 $ 6,608.30 $ 5,970.12 $ 5,326.22 $ 4,676.55 $ 4,021.06 $ 3,359.70 $ 2,692.42 $ 2,019.16 $ 1,339.87 $ 654.49 $ (o.oo) $ Note Number Variable Inputs: Note Amount 8/31/03 Interest rate Payment Estimated Month Payment Date 0 1 2 10/29/2003 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 3O 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 42 $ 12,756.09 10.00% $ 400.00 60 Mo. Estimated / Actual Payment Date Beginning Interest Payment 8/31/2003 09/30/03 $ 12,756.09 $ 106.30 $ 10/29/2003 $ 12,862.39 $ 103.61 $ 11/28/03 $ 12,966.00 $ 108.05 $ 12/28/03 $ 13,074.05 $ 108.95 $ 01/27/04 $ 13,183.00 $ 109.86 $ 02/26/04 $ 13,292.86 $ 110.77 $ 03/27/04 $ 13,403.63 $ 111.70 $ 04/26/04 $ 13,515.33 $ 112.63 $ 05/26/04 $ 13,627.96 $ 113.57 $ 06/25/04 $ 13,741.53 $ 114.51 $ 07/25/04 $ 13,623.03 $ 113.53 $ 08/24/04 $ 13,336.56 $ 111.14 $ 09/23/04 $ 13,047.70 $ 108.73 $ 10/23/04 $ 12,756.43 $ 106.30 $ 11/22/04 $ 12,462.73 $ 103.86 $ 12/22/04 $ 12,166.59 $ 101.39 $ 01/21/05 $ 11,867.98 $ 98.90 $ 02/20/05 $ 11,566.88 $ 96.39 $ 03/22/05 $ 11,263.27 $ 93.86 $ 04/21/05 $ 10,957.13 $ 91.31 $ 05/21/05 $ 10,648.44 $ 88.74 $ 06/20/05 $ 10,337.18 $ 86.14 $ 07/20/05 $ 10,023.32 $ 83.53 $ 08/19/05 $ 9,706.85 $ 80.89 $ 09/18/05 $ 9,387.74 $ 78.23 $ 10/18/05 $ 9,065.97 $ 75.55 $ 11/17/05 $ 8,741.52 $ 72.85 $ 12/17/05 $ 8,414.37 $ 70.12 $ 01/16/06 $ 8,084.49 $ 67.37 $ 02/15/06 $ 7,751.86 $ 64.60 $ 03/17/06 $ 7,416.46 $ 61.80 $ 04/16/06 $ 7,078.26 $ 58.99 $ 05/16/06 $ 6,737.25 $ 56.14 $ 06/15/06 $ 6,393.39 $ 53.28 $ 07/15/06 $ 6,046.67 $ 50.39 $ 08/14/06 $ 5,697.06 $ 47.48 $ 09/13/06 $ 5,344.54 $ 44.54 $ 10/13/06 $ 4,989.08 $ 41.58 $ 11/12/06 $ 4,630.66 $ 38.59 $ 12/12/06 $ 4,269.25 $ 35.58 $ 01/11/07 $ 3,904.83 $ 32.54 $ 02/10/07 $ 3,537.37 $ 29.48 $ 03/12/07 $ 3,166.85 $ 26.39 $ 04/11/07 $ 2,793.24 $ 23.28 $ 05/11/07 $ 2,416.52 $ 20.14 $ 06/10/07 $ 2,036.66 $ 16.97 $ 07/10/07 $ 1,653.63 $ 13.78 $ 08/09/07 $ 1,267.41 $ 10.56 $ 09/08/07 $ 877.97 $ 7.32 $ 10/08/07 $ 485.29 $ 4.04 $ 11/07/07 $ 89.33 $ 0.74 $ 233.01 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 90.07 Ending $ 12,862.39 $ 12,966.00 $ 13,074.05 $ 13,183.00 $ 13,292.86 $ 13,403.63 $ 13,515.33 $ 13,627.96 $ 13,741.53 $ 13,623.03 $ 13,336~56 $ 13,047.70 $ 12,756.43 $ 12,462.73 $ 12,166.59 $ 11,867.98 $ 11,566.88 $ 11,263.27 $ 10,957.13 $ 10,648.44 $ 10,337.18 $ 10,023.32 $ 9,706.85 $ 9,387.74 $ 9,065.97 $ 8,741.52 $ 8,414.37 $ 8,084.49 $ 7,751.86 $ 7,416.46 $ 7,078.26 $ 6,737.25 $ 6,393.39 $ 6,046.67 $ 5,697.06 $ 5,344.54 $ 4,989.08 $ 4,630.66 $ 4,269.25 $ 3,904.83 $ 3,537.37 $ 3,166.85 $ 2,793.24 $ 2,416.52 $ 2,036.66 $ 1,653.63 $ 1,267.41 $ 877.97 $ 485.29 $ 89.33 $ Note Number Variable Inputs: Note Amount 8131/03 Interest rate Payment 67 $ 14,861.07 10.00% $ 202.62 Estimated Estimated / Actual Month Payment Date Payment Date 0 813112003 1 09~30~03 2 10/29/2003 10/29/2003 3 11/28/03 4 12/28/03 5 01/27/04 6 02/26/04 7 03/27/04 8 04~26~04 9 05/26/04 10 06/25/04 11 07125/04 12 08/24/04 13 09/23/04 14 10/23104 15 11/22/04 16 12/22/04 17 01/21/05 18 02/20/05 19 03/22/05 20 04/21/05 21 05/21/05 22 06120105 23 07/20/05 24 08/19/05 25 09/18/05 26 10118105 27 11 / 17~05 28 12/17/05 29 01/16/06 30 02/15/06 31 03/17/06 $ 32 04/16/06 $ 33 05/16/06 $ 34 06/15/06 $ 35 07/15/06 $ 36 08/14/06 $ 37 09/13/06 $ 38 10/13/06 $ 39 11/12/06 $ 40 12/12/06 $ 41 01/11/07 $ 42 02/10/07 $ 43 03/12/07 $ 44 04/11/07 $ 45 05/11/07 $ 46 06/10/07 $ 47 07/10/07 $ 48 08/09/07 $ 49 09/08/07 $ 50 10/08/07 $ 51 11/07/07 $ 52 12/07/07 $ 53 01/06/08 $ 54 02~05~08 $ 55 03/06/08 $ 56 04/05/08 $ 57 05/05/08 $ 58 06/04/08 $ 59 07/04/08 $ 60 08~03~08 $ Beginning interest 60 Mo. Peyment $ 14,861.07 $ 123.84 $ 14,984.91 $ 120.71 $ 7,905.62 $ 65.88 $ 7,971.50 $ 66.43 $ 8,037.93 $ 66.98 $ 8,104,91 $ 67.54 $ 8,172.45 $ 68.10 $ 8,240.55 $ 68.67 $ 8,309.22 $ 69.24 $ 8,378.46 $ 69.82 $ 8,176.82 $ 68.14 $ 8,042.34 $ 67.02 $ 7,906,74 $ 65.89 $ 7,770.01 $ 64.75 $ 7,632.14 $ 63.60 $ 7,493.12 $ 62.44 $ 7,352.94 $ 61.27 $ 7,211.59 $ 60.10 $ 7,069.07 $ 58.91 $ 6,925.36 $ 57.71 $ 6,780.45 $ 56.50 $ 6,634.33 $ 55.29 $ 6,487.00 $ 54.06 $ 6,338.44 $ 52.82 $ 6,188.64 $ 51.57 $ 6,037.59 $ 50.31 $ 5,885.28 $ 49.04 $ 5,731.70 $ 47.76 $ 5,576.84 $ 46.47 $ 5,420.69 $ 45.17 5,263.24 $ 43.86 5,104.48 $ 42.54 4,944.40 $ 41.20 4,782.98 $ 39.86 4,620.22 $ 38.50 4,456.10 $ 37.13 4,290.61 $ 35.76 4,123.75 $ 34.36 3,955.49 $ 32.96 3,785.83 $ 31.55 3,614.76 $ 30.12 3,442.26 $ 28.69 3,268.33 $ 27.24 3,092.95 $ 25.77 2,916.10 $ 24.30 2,737.78 $ 22.81 2,557.97 $ 21.32 2,376.67 $ 19.81 2,193.86 $ 18.28 2,009.52 $ 16.75 1,823.65 $ 15.20 1,636.23 $ 13.64 1,410.22 $ 11.75 1,182.32 $ 9.85 989.55 $ 8.25 251.93 $ 2.10 0.00 $ 0.00 $ 0.00 $ 0.00 $ 7,200.00 271.46 202.62 202.62 202.62 202.62 202.62 202,62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 202.62 239.65 239.65 202.62 745.87 254.03 Ending $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 0.00 14,984.91 7,905.62 7,971.50 8,037.93 8,104.91 8,172.45 8,240.55 8,309.22 8,378.46 8,176.82 8,042.34 7,906.74 7,770.01 7,632.14 7,493.12 7,352.94 7,211.59 7,069.07 6,925.36 6,780.45 6,634.33 6,487.00 6,338.44 6,188.64 6,037.59 5,885.28 5,731.70 5,576.84 5,420.69 5,263.24 5,104.48 4,944.40 4,782.98 4,620.22 4,456.10 4,290,61 4,123.75 3,955.49 3,785.83 3,614.76 3,442.26 3,268.33 3,092.95 2,916.10 2,737.78 2,557.97 2,376.67 2,193.86 2,009.52 1,823.65 1,636.23 1,410.22 1,182.32 989.55 251.93 0.00 0.00 0.00 0.00 0.00 Note Number 38-001 Variable Inputs: Note Amount 8/31/03 $ 86,081.39 Interest rate 10.00% Payment $ 2,100.00 Estimated Estimated / Actual Month Payment Date Payment Date Beginning Interest 0 8/3112003 1 09/30103 $ 86,081.39 $ 2 10/29/2003 10/2912003 $ 86,798.73 $ 3 11/28/03 $ 78,497.94 $ 4 12/28/03 $ 79,152.09 $ 5 01/27/04 $ 79,811.69 $ 6 02/26/04 $ 80,476.79 $ 7 03/27/04 $ 81,147.43 $ 8 04/26/04 $ 81,823.66 $ 9 05/26/04 $ 82,505.52 $ 10 06/25/04 $ 83,193.07 $ 11 07/25/04 $ 82,313.93 $ 12 08/24/04 $ 80,899.88 $ 13 09/23/04 $ 79,474.05 $ 14 10/23/04 $ 78,036.33 $ 15 11/22/04 $ 76,586.63 $ 16 12/22/04 $ 75,124.85 $ 17 01/21/05 $ 73,650.89 $ 18 02/20/05 $ 72,164.65 $ 19 03/22/05 $ 70,666.02 $ 20 04/21/05 $ 69,154.90 $ 21 05/21/05 $ 67,631.19 $ 22 06/20/05 $ 66,094.78 $ 23 07/20/05 $ 64,545.57 $ 24 08/19/05 $ 62,983.45 $ 25 09/18/05 $ 61,408.31 $ 26 10/18/05 $ 59,820.05 $ 27 11/17/05 $ 58,218.55 $ 28 12/17/05 $ 56,603.70 $ 29 01/16/06 $ 54,975.40 $ 30 02/15/06 $ 53,333.53 $ 31 03/17/06 $ 51,677.98 $ 32 04/16/06 $ 50,008.63 $ 33 05/16/06 $ 48,325.37 $ 34 06/15/06 $ 46,628.08 $ 35 07/15/06 $ 44,916.65 $ 36 08/14/06 $ 43,190.96 $ 37 09/13/06 $ 41,450.88 $ 38 10/13/06 $ 39,696.30 $ 39 11/12/06 $ 37,927.10 $ 40 12/12/06 $ 36,143.16 $ 41 01/11/07 $ 34,344.35 $ 42 02/10/07 $ 32,530.55 $ 43 03/12/07 $ 30,701.64 $ 44 04/11/07 $ 28,857.49 $ 45 05/11/07 $ 26,997.97 $ 46 06/10/07 $ 25,122.95 $ 47 07/10/07 $ 23,232.31 $ 48 08/09/07 $ 21,325.91 $ 49 09/08/07 $ 19,403.63 $ 50 10/08/07 $ 17,465.33 $ 51 11/07/07 $ 15,510.87 $ 52 12/07/07 $ 13,540.13 $ 53 01/06/08 $ 11,552.96 $ 54 02/05/08 $ 9,549.23 $ 55 03/06/08 $ 7,528.81 $ 56 04/05/08 $ 5,491.55 $ 57 05/05/08 $ 849.97 $ 58 06/04/08 $ (0.00) $ 717.34 699.21 654.15 659.60 665.10 670.64 676.23 681.86 687.55 693.28 685.95 674.17 662.28 650.30 638.22 626.04 613.76 601.37 588.88 576.29 563.59 550.79 537.88 524.86 511.74 498.50 485.15 471.70 458.13 444.45 430.65 416.74 402.71 388.57 374.31 359.92 345.42 330.80 316.06 301.19 286.20 271.09 255.85 240.48 224.98 209.36 193.60 177.72 161.70 145.54 129.26 112.83 96.27 79.58 62.74 45.76 7.08 60 Mo. Payment 9,000.00 1,572.42 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.O0 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 4,687.34 857.05 (0.00) Ending $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 86,798.73 78,497.94 79,152.09 79,811.69 80,476.79 81,147.43 81,823.66 82,505.52 83,193.07 82,313.93 80,899.88 79,474.05 78,036.33 76,586.63 75,124.85 73,650.89 72,164.65 70,666.02 69,154.90 67,631.19 66,094.78 64,545.57 62,983.45 61,408.31 59,820.05 58,218.55 56,603.70 54,975.40 53,333.53 51,677.98 50,008.63 48,325.37 46,628.08 44,916.65 43,190.96 41,450.88 39,696.30 37,927.10 36,143.16 34,344.35 32,530.55 30,701.64 28,857.49 26,997.97 25,122.95 23,232.31 21,325.91 19,403.63 17,465.33 15,510.87 13,540.13 11,552.96 9,549.23 7,528.81 5,491.55 849.97 (0.00) Note Number 38-002 Variable Inputs: Note Amount 8/31/03 $ 42,187.23 Interest rate 5.90% Payment $ %000.00 Estimated Estimated / Actual Month Payment Date Payment Date Beginning Interest 0 813112003 1 09130103 $ 42,187.23 $ 2 10/29/2003 10129/2003 $ 42,394.65 $ 3 11/28/03 $ 42,596.14 $ 4 12/28/03 $ 42,805.57 $ 5 01/27/04 $ 43,016.03 $ 6 02/26/04 $ 43,227.53 $ 7 03/27/04 $ 43,440.07 $ 8 04/26/04 $ 43,653.65 $ 9 05/26/04 $ 43,868.28 $ 10 06/25/04 $ 44,083.97 $ 11 07/25/04 $ 43,530.10 $ 12 08/24/04 $ 42,744.12 $ 13 09/23/04 $ 41,954.28 $ 14 10/23/04 $ 41,160.56 $ 15 11/22/04 $ 40,362.93 $ 16 12/22/04 $ 39,561.38 $ 17 01/21/05 $ 38,755.89 $ 18 02/20/05 $ 37,946.44 $ 19 03/22/05 $ 37,133.01 $ 20 04/21/05 $ 36,315.58 $ 21 05/21/05 $ 35,494.13 $ 22 06/20/05 $ 34,668.64 $ 23 07/20/05 $ 33,839.09 $ 24 08/19/05 $ 33,005.47 $ 25 09/18/05 $ 32,167.75 $ 26 10/18/05 $ 31,325.91 $ 27 11/17/05 $ 30,479.93 $ 28 12/17/05 $ 29,629.79 $ 29 01/16/06 $ 28,775.47 $ 30 02/15/06 $ 27,916.95 $ 31 03/17/06 $ 27,054.21 $ 32 04/16/06 $ 26,187.23 $ 33 05/16/06 $ 25,315.98 $ 34 06/15/06 $ 24,440.45 $ 35 07/15/06 $ 23,560.62 $ 36 08/14/06 $ 22,676.46 $ 37 09/13/06 $ 21,787.95 $ 38 10/13/06 $ 20,895.07 $ 39 11/12/06 $ 19,997.80 $ 40 12/12/06 $ 19,096.12 $ 41 01/11/07 $ 18,190.01 $ 42 02/10/07 $ 17,279.44 $ 43 03/12/07 $ 16,364.40 $ 44 04/11/07 $ 15,444.86 $ 45 05/11/07 $ 14,520.80 46 06/10/07 $ 13,592.19 $ 47 07/10/07 $ 12,659.02 $ 48 08/09/07 $ 11,721.26 $ 49 09/08/07 $ 10,778.89 $ 50 10/08/07 $ 9,831.89 $ 51 11/07/07 $ 8,880.23 $ 52 12/07/07 $ 7,613.96 $ 53 01/06/08 $ 6,251.40 $ 54 02/05/08 $ 4,221.79 $ 55 03/06/08 $ 2,145.17 $ 56 04/05/08 $ 58.34 57 05/05/08 $ (0.00) $ 58 06~04~08 $ (0.00) $ 59 07~04~08 $ (0.00) $ 60 08/03108 $ (0.00) $ 207.42 201.49 209.43 210.46 211.50 212.54 213.58 214.63 215.69 216,75 214.02 210.16 206.28 202.37 198.45 194.51 190.55 186.57 182.57 178.55 174.51 170.45 166.38 162.28 158.16 154.02 149.86 145.68 141.48 137.26 133.02 128.75 124.47 120.17 115.84 111.49 107.12 102.73 98.32 93.89 89.43 84.96 80.46 75.94 71.39 66.83 62.24 57.63 53.00 48.34 43.66 37.44 30.74 20.76 10.55 0.29 60 Mo. $ (0.00) Payment 77O.62 1,000.00 1,000,00 1,000.00 1,000.00 1,000.00 1,000.00 1,0o0.00 1,000.0o 1,000.00 1,000.00 1,000.oo 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1 ,o00.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,0o0.00 1 ,o00.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,309.93 1,400.00 2,060.35 2,097.38 2,097.38 58.63 Ending 42,394.65 42,596.14 42,8O5.57 43,016.03 43,227.53 43,440.07 43,653.65 43,868.28 44,083.97 43,530.10 42,744.12 41,954.28 41,160.56 40,362.93 39,561.38 38,755.89 37,946.44 37,133.01 36,315.58 35,494.13 34,668.64 33,839.O9 33,0O5.47 32,167.75 31,325.91 30,479.93 29,629.79 28,775.47 27,916.95 27,054.21 26,187.23 25,315.98 24,440.45 23,560.62 22,676.46 21,787.95 20,895.07 19,997.80 19,096.12 18,190.01 17,279.44 16,364.40 15,444.86 14,520.80 13,592.19 12,659.02 11,721.26 10,778.89 9,831.89 8,880.23 7,613.96 6,251.40 4,221.79 2,145.17 58.34 (0.00) (0.00) (0.00) (o.oo) (o.oo) Note Number 38-003 Variable Inputs: Note Amount 8/31103 Interest rate Payment Estimated Month Payment Date 0 1 2 10/29/2003 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 $ 21,259.03 8.90% $ 600.00 Estimated / Actual Payment Date Beginning Interest 813112003 09130/03 $ 21,259.03 $ 10/29/2003 $ 21,416.70 $ 11/28/03 $ 21,570.25 $ 12/28/03 $ 21,730.23 $ 01/27/04 $ 21,891.40 $ 02/26/04 $ 22,053.76 $ 03/27/04 $ 22,217.33 $ 04/26/04 $ 22,382.11 $ 05/26/04 $ 22,548.11 $ 06/25/04 $ 22,715.34 $ 07/25/04 $ 22,495.48 $ 08/24/04 $ 22,062.32 $ 09/23/64 $ 21,625.95 $ 10/23/04 $ 21,186.34 $ 11/22/04 $ 20,743.47 $ 12/22/04 $ 20,297.32 $ 01/21/05 $ 19,847.86 $ 02/20/05 $ 19,395.06 $ 03/22/05 $ 18,938.91 $ 04/21/05 $ 18,479.37 $ 05/21/05 $ 18,016.43 $ 06/20/05 $ 17,550.05 $ 07/20/05 $ 17,080.21 $ 08/19/05 $ 16,606.89 $ 09/18/05 $ 16,130.06 $ 10/18/05 $ 15,649.69 $ 11/17/65 $ 15,165.76 $ 12/17/05 $ 14,678.24 $ 01/16/06 $ 14,187.10 $ 02/15/06 $ 13,692.32 $ 03/17/06 $ 13,193.87 $ 04/16/06 $ 12,691.72 $ 05/16/06 $ 12,185.85 $ 06/15/06 $ 11,676.23 $ 07/15/66 $ 11,162.83 $ 08/14/06 $ 10,645.62 $ 09/13/06 $ 10,124.58 $ 10/13/06 $ 9,599.67 $ 11/12/06 $ 9,070.87 $ 12/12/06 $ 8,538.15 $ 01/11/07 $ 8,001.47 $ 02/10/07 $ 7,460.81 $ 03/12/07 $ 6,916.14 $ 04/11/07 $ 6,367.43 $ 05/11/07 $ 5,814.66 $ 06/10/07 $ 5,257.79 $ 07/10/07 $ 4,696.79 $ 08~09~07 $ 4,131.62 $ 09~08~07 $ 3,562.26 $ 10/08/07 $ 2,988.68 $ 11/07/07 $ 2,410.85 $ 12/07/07 $ 1,828.73 $ 01106108 $ 1,242.29 $ 02/05/08 $ 651.50 $ 03/06/08 $ 56.33 $ 60 Mo. Payment 157.67 $ 153.55 $ 159.98 $ 161.17 $ 162.36 $ 163.57 $ 164,78 $ 166.00 $ 167.23 $ 168.47 $ 166.84 $ 163,63 $ 160.39 $ 15713 $ 15385 $ 15054 $ 14720 $ 14385 $ 140,46 $ 13706 $ 13362 $ 130,16 $ 126.68 $ 123.17 $ 119,63 $ 116.07 $ 112.48 $ 108,86 $ 105,22 $ 101,55 $ 97.85 $ 94.13 $ 90.38 $ 86.60 $ 82.79 $ 78.96 $ 75.09 $ 71.20 $ 67.28 $ 63.32 $ 59.34 $ 55.33 $ 51.29 $ 47.23 $ 43.13 $ 39.00 $ 34.83 $ 30.64 $ 26.42 $ 22.17 $ 17.88 $ 13.56 $ 9.21 $ 4.83 $ 0.42 $ 388.33 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 56.75 Ending $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 21,416.70 21,570.25 21,730.23 21,891.40 22,053.76 22,217.33 22,382.11 22,548.11 22,715.34 22,495.48 22,062.32 21,625.95 21,186.34 20,743.47 20,297.32 19,847.86 19,395.06 18,938.91 18,479.37 18,016.43 17,550.05 17,080.21 16,606.89 16,130.06 15,649.69 15,165.76 14,678.24 14,187.10 13,692.32 13,193.87 12,691.72 12,185.85 11,676.23 11,162.83 10,645.62 10,124.58 9,599.67 9,070.87 8,538.15 8,001.47 7,460.81 6,916.14 6,367.43 5,814.66 5,257.79 4,696.79 4,131.62 3,562.26 2,988.68 2,410.85 1,828.73 1,242.29 651.50 56.33 Note Number Variable Inputs: Note Amount 8/31/03 Interest rate Payment Month $ 39,001.92 0.00% $ 5,000.00 Estimated Estimated / Actual Payment Date Payment Date Beginning Interest 0 8/3'1/2003 $ 39,960.00 1 09130103 $ 39,001.92 $ 2 10/29/2003 1012912003 $ 39,001.92 $ 3 11/28/03 $ 36,301.92 $ 4 12/28/03 $ 31,301.92 $ 5 01/27/04 $ 26,301.92 $ 6 02/26/04 $ 21,301.92 $ 7 03/27/04 $ 16,301.92 $ 8 04/26/04 $ 11,301.92 $ 9 05/26/04 $ 6,301.92 $ 10 06/25/04 $ 1,301.92 $ Payment 2,700.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 1,301.92 Ending 39,001.92 36,301.92 31,301.92 26,301.92 21,301.92 16,301.92 11,301.92 6,301.92 1,301.92 (0.00) HARSCO CORPORATION, GAS & FLUID CONTROL GROUP, Plaintiff, COLLIER OIL COMPANY, INC., Defendant. IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION -LAW: NO. 03-5464 CONSENT JUDGMENT AND AGREED ORDER This matter coming before the Court upon being advised by the parties of a settlement in this matter, and the Court being otherwise fully advised in the premises, it is hereby Ordered, Adjudged, and Decreed as follows: 1. WHEREAS, on or about October 8, 2003, a lawsuit was initiated in the Court of Common Pleas, Cumberland County, Pennsylvania, styled Harsco Corporation, Gas & Fluid Control Group v. Collier Oil Company, Inc.; Civil Action-Law No.: 03-5464, and 2. WHEREAS, the plaintiff, Harsco Corporation, Gas & Fluid Control Group, a division of Harsco Corporation (hereinafter "Harsco") is a creditor of the defendant, Collier Oil Company, Inc. (hereinafter "Collier Oil"), pursuant to a series of commercial notes and a line of credit or open account as more specifically set forth in the Complaint made the basis of this lawsuit and incorporated herein by reference, and 3. WHEREAS, Collier Oil is presently in default on its payments as set forth below: (a) A commercial note, dated March 10, 2001, PNC Note #38-001, in the total amount of $91,586.31, with the total sum of $78,497.94, (b) (c) (d) (e) (f) representing the unpaid balance on the note, plus accrued interest, presently due and owing to Harsco; A commercial note, dated June 12, 2001, PNC Note #38-002, in the total amount of $37,962.00, with the total sum of $42,596.14, representing the unpaid balance on the note, plus accrued interest, presently due and owing to Harsco; A commercial note, dated October 18, 2001, PNC Note #38-003, in the total amount of $18,537.35, with the total sum of $21,570.25, representing the unpaid balance of the note, plus accrued interest, presently due and owing to Harsco; A commercial note, dated December 15, 2000, First Union Note #26, in the total amount of $19,949.13, with the total sum of $23,052.79, representing the unpaid balance of the note, plus accrued interest, presently due and owing to Harsco; A commercial note, dated December 7, 2000, First Union Note 842, in the total amount of $17,867.79, with the unpaid balance of $12,966.00, representing the unpaid balance of the note, plus accrued interest, presently due and owing to Harsco; A commercial note, dated September 27, 2000, First Union Note #67, in the total amount of $32,657.58, with the unpaid balance of $7,905.62, representing the unpaid balance of the note, plus accrued interest, presently due and owing to Harsco; (g) A line of credit or open account, to be paid within 30 days of the date of invoice, with a current balance of $36,301.92, which is more than 30 days overdue and which is currently due and owing to Harsco; and~ 4. WHEREAS, the parties, being fully advised in the premises, have agreed to a settlement of this matter and a consent judgment to be entered in favor of Harsco as follows: (a) Judgment is entered in favor of Harsco and against Collier Oil as to plaintiff's complaint filed on or about October 8, 2003 and herein above referenced. (b) Judgment is entered in the total sum of TWO HUNDRED TWENTY TWO THOUSAND EIGHT HUNDRED NINETY AND 66/100 ($222,890.66) Dollars.2 (c) Harsco shall be permitted to draft the defendant's bank account in an amount of not less than $5,000 per month. (d) Bank drafts exceeding $5,000 per month shall be permitted as approved by the defendant; however, the cumulative total of the drafts per year shall not average less than $5,000 per month. (e) Drafts shall be credited against the line of credit or open account first, until such balance is paid in full. ~Amounts shown in paragraphs 3(a) through 3(g) reflect balances owed and interest accrued as of October 31, 2003. 2Represents the total of paragraphs 3(a) through 3(g) as of October 31, 2003. complaint shall be dismissed with prejudice. Done and Ordered this the '~..~. day of ~;~,-,,~{~, (0 Interest and payments shall be as shown on the schedule attached hereto as Exhibit "A" and specifically incorporated herein by reference and made a part of this judgment. (g) Execution upon this judgment is stayed other than to permit plaintiff to register/record the judgment in the State of Pennsylvania and the State of Alabama. Plaintiffmay commence such registration/recording within thirty (30) days hereafter. (h) If defendant shall fail to make any monthly payment to plaintiff or otherwise fail to comply with the terms of this agreement and order, plaintiff shall have the right to immediately execute upon the judgment as provided by law. Once this consent judg~nent and agreed order are entered by the Court, the Approved on behalf of Plaintiff: Jvi e~r~Co~rollel Harsco Corporation STATE OF PENNSYLVANIA COUNTY OF CUMBERLAND 2003. I, the undersigned, a notary public in and for said county in said state, hereby certify that James E. Cline, whose name as Vice President-Controller of Harsco Corporation, is signed to the foregoing instrument and who is known to me acknowledged before me on this day that being informed of the contents of the instrument, he, as such officer and with full authority, executed the same voluntarily for and as the act of said corporation. Approved~jm, behalf of Defendant: Igoll~r Oil Company, lnc. COMMONWEALTH OF PENNSYLVANIA No.rial Seal Knt~ A. ~, Not~ Public ~p Hill B~, C~d Co~ My C~iss~ Expi~ May 28, 2~6 STATE OF ALABAMA COUNTY OF DALE I, the undersigned, a notary public in and for said county in said state, hereby certify that Edgar M. Collier, whose name as President of Collier Oil Company, Inc., is signed to the foregoing instrument and who is known to me acknowledged before me on this day that being informed of the contents of the instrument, he, as such officer and with full authority, executed the same voluntarily for and as the act of said corporation. My Commission Expires: Collier Summary 8/31/2003 Payment 1 - 9 Payment #10 Note Number Balance Application Application 26 $ 25,305.00 12.5% $ 462.24 42 $ 12,756.09 6.3% $ 233.01 67 $ 14,861.07 7.3% $ 271.46 1 $ 86,081.39 42.5% $ 1,572.42 2 $ 42,187.23 20.8% $ 770.62 3 $ 21,259.03 10.5% $ 388.33 $ 202,449.81 100.0% $ 3,698.08 Subsequent Payment Application* $ 697.38 $ 400.00 $ 202.62 $ 2,100.00 $ 1,000,00 $ 600.00 $ 5,000.00 Open Account $ 39,001.92 $ 5,000.00 $ 1,301.92 Total $ 5,000.00 $ 5,000.00 $ 5,000.00 *Once note is paid, application will be made to remaining notes as determined by Harsco. Note Number 26 Variable Inputs: NoteAmount 8/31/03 $ 25,305,00 Interest rate 10.75% Payment $ 697.38 60 Mo, Estimated Estimated / Actual Month Payment Date Payment Date Beginning Interest Payment 0 8/31/2003 1 09/30/03 $ 25,305.00 $ 226.69 $ 2 10/29/2003 10/29/2003 $ 25,531.69 $ 221.10 $ 3 11/28/03 $ 23,052.79 $ 206.51 $ 4 12/28/03 $ 23,259.30 $ 208.36 $ 5 01/27/04 $ 23,467.66 $ 210.23 $ 6 02/26/04 $ 23,677.89 $ 212.11 7 03/27/04 $ 23,890.00 $ 214.01 $ 8 04/26/04 $ 24,104.01 $ 215.93 $ 9 05/26/04 $ 24,319.94 $ 217.87 $ 10 06/25/04 $ 24,537.81 $ 219.82 $ 11 07/25/04 $ 24,295.39 $ 217.65 $ 12 08/24/04 $ 23,815.66 $ 213.35 $ t3 09/23/04 $ 23,331.63 $ 209.01 $ 14 10/23/04 $ 22,643.26 $ 204.64 $ 15 11/22/04 $ 22,350.52 $ 200.22 $ 16 12/22/04 $ 21,853.36 $ 195.77 $ 17 01/21/05 $ 21,351.75 $ 191.26 $ 18 02/20/05 $ 20,845.65 $ 186.74 $ 19 03/22/05 $ 20,335.01 $ 162.17 20 04/21/05 $ 19,819.80 $ 177.55 $ 21 05/21/05 $ 19,299.97 $ 172.90 $ 22 06/20/05 $ 18,775.49 $ 168.20 $ 23 07/20/05 $ 18,246,31 $ 163.46 $ 24 08/19/05 $ 17,712.39 $ 158.67 $ 25 09/18/05 $ 17,173.68 $ 153.85 $ 26 10/18/05 $ 16,630.15 $ 148.98 $ 27 11/17/05 $ 16,081.75 $ 144.07 $ 28 12/17/05 $ 15,528.44 $ 139.11 $ 29 01/16/06 $ 14,970.17 $ 134.11 $ 30 02/15/06 $ 14,406.90 $ 129.06 $ 31 03/17/06 $ 13,838.58 $ 123.97 $ 32 04/16/06 $ 13,265.17 $ 118.83 $ 33 05/16/05 $ 12,686.62 $ 1t3.65 $ 34 06/15/06 $ 12,102.89 $ 108.42 $ 35 07/15/06 $ 11,513.93 $ 103.15 $ 38 08/14/06 $ 10,919.70 $ 97.82 $ 37 09/13/06 $ 10,320.14 $ 92.45 $ 38 10/t3/06 $ 9,715.21 $ 87.03 39 11/12/06 $ 9,104.86 $ 81.56 $ 40 12/12/06 $ 8,489.04 $ 76.05 $ 41 01/11/07 $ 7,867.71 $ 70.48 $ 42 02/10/07 $ 7,240.81 $ 64.67 $ 43 03/12/07 $ 6,608.30 $ 59.20 $ 44 04/11/07 $ 5,970.12 $ 53.48 $ 45 05/11/07 $ 5,326.22 $ 47.71 $ 46 06/10/07 $ 4,676.55 $ 41.89 $ 47 07/10/07 $ 4,021.06 $ 36.02 $ 48 08/09/07 $ 3,359.70 $ 30.10 $ 49 09/08/07 $ 2,692.42 $ 24.12 $ 50 10/08/07 $ 2,019.16 $ 18.09 $ 51 11/07/07 $ 1,339.67 $ 12.00 $ 52 12/07/07 $ 654.49 $ 5.86 $ 53 01/06/08 $ (0.00) $ $ 2,700.00 462.24 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.35 697.38 697.38 697.36 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 697.38 660.35 (0.00) Ending 25,531.69 23,052.79 23,259.3O 23,467.66 23,677.89 23,890.00 24,104.01 24,319.94 24,537.81 24,295.39 23,815.66 23,331.63 22,843.26 22,350~52 21,853.36 21,351.75 20,845.65 20,335.01 19,819.80 19,299.97 18,775.49 18,246.31 17,712.39 17,173.68 16,630,15 16,081.75 15,528.44 14,970.17 14,406.90 13,838.58 13,265.17 12,686.62 12,102.89 11,513.93 10,919.70 10,320.14 9,715.21 9,104.86 8,489.04 7,867.71 7,240.81 6,608.30 5,970.12 5,325.22 4,676.55 4,021.06 3,359.70 2,692.42 2,019.16 1,339.87 654.49 (o.oo) Note Number Variable Inputs: Note Amount 8/31/03 Interest rate Payment Estimated Month Payment Date 0 1 2 10/29/2003 3 4 5 6 7 6 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 4O 41 42 43 44 45 46 47 48 49 50 51 42 $ 12,756.09 10.00% $ 400.00 60 Mo. Estimated / Actual Payment Date Beginning interest Payment 8/3'1/2003 09/30103 $ 12,756.09 $ 106.30 $ 10/29/2003 $ 12,862.39 $ 103.61 $ 11/28/03 $ 12,966.00 $ 108.05 $ 12/28/03 $ 13,074.05 $ 108.95 $ 01/27/04 $ 13,183.00 $ 109.86 $ 02/26/04 $ 13,292.86 $ 110.77 $ 03/27/04 $ 13,403.63 $ 111.70 $ 04/26/04 $ 13,515.33 $ 112.63 $ 05/26/04 $ 13,627.96 $ 113.57 $ 06/25/04 $ 13,741.53 $ 114.51 $ 07/25/04 $ 13,623.03 $ 113.53 $ 06/24/04 $ 13,336.56 $ 111.14 $ 09/23/04 $ 13,047.70 $ 108.73 $ 10/23/04 $ 12,756.43 $ 106.30 $ 11/22/04 $ 12,462.73 $ 103.86 $ 12/22/04 $ 12,166.59 $ 101.39 $ 01/21/05 $ 11,867.98 $ 98.90 $ 02/20/05 $ 11,566.88 $ 96.39 $ 03/22/05 $ 11,263.27 $ 93.86 $ 04/21/05 $ 10,957.13 $ 91.31 $ 05/21/05 $ 10,648.44 $ 88.74 $ 06/20/05 $ 10,337.18 $ 86.14 $ 07/20/05 $ 10,023.32 $ 83.53 $ 08/19/05 $ 9,706.85 $ 80.89 $ 09/18/05 $ 9,387.74 $ 78.23 $ 10/18/05 $ 9,065.97 $ 75.55 $ 11/17/05 $ 8,741.52 $ 72.85 $ 12/17/05 $ 8,414.37 $ 70.12 $ 01/16/06 $ 8,084.49 $ 67.37 $ 02/15/06 $ 7,751.86 $ 64.60 $ 03/17106 $ 7,416.46 $ 61.80 $ 04/16/06 $ 7,078.26 $ 56.99 $ 05/16/06 $ 6,737.25 $ 56.t4 $ 06/15/06 $ 6,393.39 $ 53.28 $ 07/15/06 $ 6,046.67 $ 50.39 $ 08/14/06 $ 5,697.06 $ 47.48 $ 09/13/06 $ 5,344.54 $ 44.54 $ 10/13/06 $ 4,989.08 $ 41.58 $ 11/12/06 $ 4,630.66 $ 38.59 $ 12112106 $ 4,269.25 $ 35.58 $ 01/11/07 $ 3,904.83 $ 32.54 $ 02/10/07 $ 3,537.37 $ 29.48 $ 03/12/07 $ 3,166.85 $ 26.39 $ 04/11/07 $ 2,793.24 $ 23.28 $ 05/11/07 $ 2,416.52 $ 20.14 $ 06/10/07 $ 2,036.66 $ 16.97 $ 07/10/07 $ 1,653.63 $ 13.78 $ 08/09/07 $ 1,267.41 $ 10.56 $ 09~08~07 $ 877.97$ 7.32 $ 10/08/07 $ 485.29$ 4.04 $ 11/07/07 $ 89.33 $ 0.74 $ 233.01 400.00 400.00 400~00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 90.07 Ending $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 12,862.39 12,966.00 13,074.05 13,183.00 13,292.86 13,403.63 13,515.33 13,627.96 13,741.53 13,623.03 13,336.56 13,047.70 12,756.43 12,462.73 12,166.59 11,867.98 11,566.88 11,263.27 10,957.13 t0,648.44 10,337.18 10,023.32 9,706.85 9,387.74 9,065.97 8,741.52 8,414.37 8,084.49 7,751.86 7,416.46 7,078.26 6,737.25 6,393.39 6,046.67 5,697.06 5,344.54 4,989.08 4,630.66 4,269.25 3,904.83 3,537.37 3,166.85 2,793.24 2,416.52 2,036.66 1,653.63 1,267.41 877.97 485.29 89.33 Note Number Variable Inputs: Note Amount 8131103 Interest rate Payment Estimated Month ~ 0 1 2 10/29/2003 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 4O 41 42 43 44 45 46 47 48 49 5O 51 52 53 54 55 56 57 58 59 60 67 $ '14,861.07 10.00% $ 202,62 Estimated / Actual ~ Beginning Interest 8/3'J/2003 09/30/03 $ 14,861.07 10/29/2003 $ 14,984.91 11/28/03 $ 7,905.62 12/28/03 $ 7,971.50 01/27/04 $ 8,037.93 02/26/04 $ 8,104.91 03/27/04 $ 8,172.45 04/26/04 $ 8,240.55 05/26/04 $ 8,309.22 06/25/04 $ 8,378.46 07/25/04 $ 8,176.62 08/24/04 $ 8,042.34 09/23/04 $ 7,906.74 $ 10/23/04 $ 7,770.01 $ 11/22/04 $ 7,632.14 $ 12/22/04 $ 7,493.12 01/21/05 $ 7,352.94 $ 02/20/05 $ 7,211.59 $ 03/22/05 $ 7,069.07 $ 04/21/05 $ 6,925.36 $ 05/21/05 $ 6,780.45 06/20/05 $ 6,634.33 $ 07/20/05 $ 6,487.00 $ 08/19/05 $ 6,338.44 $ 09/18/05 $ 6,188.64 $ 10/18/05 $ 6,037.59 $ 11/17/05 $ 5,885.28 $ 12/17/05 $ 5,731.70 $ 01/16/06 $ 5,576.84 $ 02/15/06 $ 5,420.69 $ 03/17/06 $ 5,263.24 $ 04/16/06 $ 5,104.48 $ 05/16/06 $ 4,944.40 06/15/06 $ 4,782.96 $ 07/15/06 $ 4,620.22 08/14/06 $ 4,456.10 $ 09/13/06 $ 4,290.61 $ 10/13/06 $ 4,123.75 11/12/06 $ 3,955.49 12/12/06 $ 3,785.83 01/11/07 $ 3,614.76 02/10/07 $ 3,442.26 03/12/07 $ 3,268.33 $ 04/11/07 $ 3,092.95 $ 05/11/07 $ 2,916.10 $ 06/10/07 $ 2,737.78 07/10/07 $ 2,557.97 $ 08/09/07 $ 2,376.67 09/08/07 $ 2,193.86 10/08/07 $ 2,009.52 $ 11/07/07 $ 1,823.65 12/07/07 $ 1,636.23 $ 01/06/08 $ 1,410.22 $ 02/05/08 $ 1,182.32$ 03/06/08 $ 989.55 $ 04/05/08 $ 251.93 $ 05/05/08 $ 0.00 $ 06/04/06 $ 0.00 $ 07104108 $ 0.00 $ 08~03~08 $ 0.00 $ 60 Mo. $ 0.00 Payment 123.84 $ 120.71 $ 7,200.00 65.88 $ 66.43 66.98 $ 67.54 $ $ 68.10 $ $ 68.67 $ $ 69.24 $ $ 69.82 $ 271.46 $ 68.14 $ 202.62 $ 67.02 $ 202.62 $ 65.89 $ 202.62 $ 64.75 $ 202.62 $ 63.60 $ 202.62 $ 62.44 $ 202.62 $ 61.27 $ 202.62 $ 60.10 $ 202.62 $ 58.91 $ 202.62 $ 57.71 $ 202.62 $ 56.50 $ 202.62 $ 55.29 $ 202.62 $ 54.06 $ 202.62 $ 52.82 $ 202.62 $ 51.57 $ 202.62 $ 50.31 $ 202.62 49.04 $ 202.62 $ 47.76 $ 202.62 $ 46.47 $ 202.62 $ 45.17 $ 202.62 $ 43.86 $ 202.62 $ 42.54 $ 202.62 $ 41.20 $ 202.62 $ 39.86 $ 202.62 $ 38.50 $ 202.62 $ 37.13 $ 202.62 $ 35.76 $ 202.62 $ 34.36 $ 202.62 $ 32.96 $ 202.62 $ 31.55 $ 202.62 $ 30.12 $ 202.62 $ 28.69 $ 202.62 27.24 $ 202.62 25.77 $ 202.62 24.30 $ 202.62 $ 22.81 $ 202.62 $ 21.32 $ 202.62 $ 19.81 $ 202.62 $ 18.28 $ 202.62 $ 16.75 $ 202.62 $ 15.20 $ 202.62 $ 13.64 $ 239.65 $ 11.75 $ 239.65 $ 9.85 $ 202.62 8.25 $ 745.87 $ 2.10 $ 254.03 $ $ $ $ $ $ Ending $ 14,984.91 $ 7,905.62 $ 7,971.50 $ 8,037.93 $ 8,104.91 8,172.45 8,240.55 6,309.22 8,378.46 8,176.82 8,042.34 7,906.74 7,770.01 7, 632.14 7,493.12 7,352.94 7,211.59 7,069.07 6,925.36 6,780.45 6,634.33 6,487.00 6,338.44 6,188.64 6,037.59 5,885.28 5,731.70 5,576.84 5,420.69 5,263.24 5,104.48 4,944.40 4,782.98 4,620.22 4,456.10 4,290.61 4,123.75 3,955.49 3,785.83 3,614.76 3,442.26 3,268.33 3,092.95 2,916.10 2,737.78 2,557.97 2,376.67 2,193.86 2,009.52 1,823.65 1,636.23 1,410.22 1,182.32 989.55 251.93 0.00 0.00 0.00 0.00 0.00 Note Number Variable Inputs: Note Amount 8/31/03 Interest rate Payment Estimated Month 0 2 10/29/2003 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 3O 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 38-001 $ 86,081.39 10.00% $ 2,100.00 Estimated / Actual ~ Beginning Interest 8/31/2003 09130103 $ 86,081.39 $ 717.34 10/29/2003 $ 86,798.73 $ 699.21 11/28/03 $ 78,497.94 $ 654.15 12/28/03 $ 79,152.09 $ 659.60 01/27/04 $ 79,811.69 $ 665.10 $ 02/26/04 $ 80,476.79 $ 670.64 $ 03/27/04 $ 81,147.43 $ 676.23 $ 04/26/04 $ 81,823.66 $ 681.86 $ 05/26/04 $ 82,505.52 $ 687.55 $ 06/25/04 $ 83,193.07 $ 693.28 $ 07/25/04 $ 82,313.93 $ 685.95 $ 08/24/04 $ 80,899.88 $ 674.17 $ 09/23/04 $ 79,474.05 $ 662.28 $ 10/23/04 $ 78,036.33 $ 650.30 $ 11/22/04 $ 76,586.63 $ 638.22 $ 12/22/04 $ 75,124.85 $ 626.04 $ 01/21/05 $ 73,650.89 $ 613.76 $ 02/20/05 $ 72,164.65 $ 601.37 $ 03/22/05 $ 70,666.02 $ 588.88 $ 04/21/05 $ 69,154.90 $ 576.29 $ 05/21/05 $ 67,631.19 $ 563.59 $ 06/20/05 $ 66,094.78 $ 550.79 $ 07/20/05 $ 64,545.57 $ 537.88 $ 08/19/05 $ 62,983.45 $ 524.86 $ 09/18/05 $ 61,408.31 $ 511.74 $ 10/18/05 $ 59,820.05 $ 498.50 $ 11/17/05 $ 58,218.55 $ 485.15 $ 12/17/05 $ 56,603.70 $ 471.70 $ 01/16/06 $ 54,975.40 $ 458.13 $ 02/15/06 $ 53,333.53 $ 444.45 $ 03/17/06 $ 51,677.98 $ 430.65 $ 04/16/06 $ 50,008.63 $ 416.74 $ 05/16/06 $ 48,325.37 $ 402.71 $ 06/15/06 $ 46,628.08 $ 388.57 $ 07/15/06 $ 44,91665 $ 374.31 $ 08/14/06 $ 43,190.96 $ 359.92 $ 09/13/06 $ 41,450.88 $ 345.42 $ 10/13/06 $ 39,696.30 $ 330.80 $ 11/12/06 $ 37,927.10 $ 316.06 $ 12/12/06 $ 36,143.16 $ 301.19 $ 01/11/07 $ 34,344.35 $ 286.20 02/10/07 $ 32,530.55 $ 271.09 $ 03/12/07 $ 30,701.64 $ 255.85 $ 04/11/07 $ 28,857.49 $ 240.48 $ 05/11/07 $ 26,997.97 $ 224.98 $ 06/10/07 $ 25,122.95 $ 209.36 $ 07/10/07 $ 23,232.31 $ 193.60 $ 08/09/07 $ 21,325.91 $ 177.72 $ 09/08/07 $ 19,403.63 $ 161.70 $ 10/08/07 $ 17,465.33 $ 145.54 $ 11/07/07 $ 15,510.87 $ 129.26 $ 12/07/07 $ 13,540.13 $ 112.83 $ 01/06/08 $ 11,552.96 $ 96.27 $ 02/05/08 $ 9,549.23 $ 79.58 $ 03/06/08 $ 7,528.81 $ 62.74 $ 04/05/08 $ 5,491.55 $ 45.76 $ 05/05/08 $ 849.97 $ 7.08 $ 06/04/08 $ (0.00) $ $ 60 Mo. Payment Ending $ $ 9,000.00 $ $ 1,572.42 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 2,100.00 $ 2,100.00 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 2,100.00 $ 4,687.34 $ 857.05 $ (0.00) $ $ 86,798.73 $ 78,497.94 $ 79,152.09 $ 79,811.69 80,476.79 81,147.43 81,823.66 82,505.52 83,193.07 82,313.93 80,899.88 79,474.05 78,036.33 76,586.63 75,124.85 73,650.89 72,164.65 70,666.02 69,154.90 67,631.19 66,094.78 64,545.57 62,983.45 61,408.31 59,820.05 58,218.55 56,603.70 54,975.40 53,333.53 51,677,98 50,008.63 48,325.37 46,628.08 44,916.65 43,190.96 41,450.88 39,696.30 37,927.10 36,143.16 34,344.35 32,530.55 30,701.64 $ 28,857.49 26,997.97 25,122.95 23,232.31 21,325.91 19,403.63 17,465.33 15,510.87 13,540.13 11,552.96 9,549.23 7,528.81 5,491.55 84997 (o.oo) Note Number Variable Inputs: Note Amount 8/31/03 Interest rate Payment Estimated Month ~ 0 1 2 10/29/2003 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 3O 31 32 33 34 35 36 37 38 39 4O 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 38-002 $ 42,187.23 5.90% $ 1,000.00 Estimated / Actual Pa~ DaLe Beginning Interest 8/31/2003 09/30/03 $ 42,187.23 10/29/2003 $ 42,394.65 $ 11/28/03 $ 42,596.14 $ 12/28/03 $ 42,805.57 $ 01/27/04 $ 43,016.03 $ 02/26/04 $ 43,227.53 $ 03/27/04 $ 43,440.07 $ 04/26/04 $ 43,653.65 $ 05/26/04 $ 43,868.28 $ 06/25/04 $ 44,083.97 $ 07/25/04 $ 43,530.10 $ 08/24/04 $ 42,744.12 $ 09/23/04 $ 41,954.28 $ 10/23/04 $ 41,160.56 $ 11/22/04 $ 40,362.93 $ 12/22/04 $ 39,561.38 $ 01/21/05 $ 38,755.89 $ 02/20/05 $ 37,946.44 $ 03/22/05 $ 37,133.01 $ 04/21/05 $ 36,315.58 05/21/05 $ 35,494.13 $ 06/20/05 $ 34,668.64 $ 07/20/05 $ 33,839.09 $ 08/19/05 $ 33,005.47 $ 09/18/05 $ 32,167.75 $ 10/18/05 $ 31,325.91 11/17/05 $ 30,479.93 $ 12/17/05 $ 29,629.79 $ 01/16/06 $ 28,775.47 $ 02/15/06 $ 27,916.95 $ 03/17/06 $ 27,054.21 $ 04/16/06 $ 26,187.23 $ 05/16/06 $ 25,315.98 $ 06/15/06 $ 24,440.45 $ 07/15/06 $ 23,560.62 $ 08/14/06 $ 22,676.46 09/13/06 $ 21,787.95 $ 10/13/06 $ 20,895.07 $ 11/12/06 $ 19,997.80 $ 12/12/06 $ 19,096.12 $ 01/11/07 $ 18,190.01 02/10/07 $ 17,279.44 $ 03/12/07 $ 16,364.40 $ 04/11/07 $ 15,444.86 $ 05/11/07 $ 14,520.80 $ 06/10/07 $ 13,592.19 $ 07/10/07 $ 12,659.02 $ 08/09/07 $ 11,721.26 $ 09/08/07 $ 10,778.89 $ 10/08/07 $ 9,831.89 11/07/07 $ 8,880.23 $ 12/07/07 $ 7,613.96 $ 01/06/08 $ 6,251.40 $ 02/05/08 $ 4,221.79 $ 03/06/08 $ 2,145.17 $ 04/05/08 $ 58.34 $ 05/05/08 $ (0.00) $ 06/04/08 $ (0.00) $ 07/04/08 $ (0.00) $ 08/03/08 $ (o.oo) $ 60 Mo. $ Payment Ending 207.42 $ $ 42,394.65 201.49 $ $ 42,596.14 209.43 $ $ 42,805.57 210.46 $ $ 43,016.03 211.50 $ $ 43,227.53 212.54 $ $ 43,440.07 213.58 $ $ 43,653.65 214.63 $ $ 43,868.28 215.69 $ $ 44,083.97 216.75 $ 770.62 $ 43,530~10 214.02 $ 1,000.00 $ 42,744.12 210.16 $ 1,000.00 $ 41,954.28 206.28 $ %000.00 $ 41,160.56 202.37 $ 1,000.00 $ 40,362.93 198.45 $ 1,000.00 $ 39,561.38 194.51 $ 1,000.00 $ 38,755.89 190.55 $ 1,000.00 $ 37,946.44 186.57 $ 1,000.00 $ 37,133.01 182.57 $ 1,000.00 $ 36,315.58 178.55 $ 1,000.00 $ 35,494.13 174.51 $ 1,000.00 $ 34,668.64 170.45 $ 1,000.00 $ 33,839.09 166.38 $ 1,000.00 $ 33,005.47 162.28 $ 1,000.00 $ 32,167.75 158.16 $ 1,000.00 $ 31,325.91 154.02 $ 1,000.00 $ 30,479.93 149.86 $ 1,000.00 $ 29,629.79 145.68 $ 1,000.00 $ 28,775.47 141.48 $ 1,000.00 $ 27,916.95 137.26 $ 1,000.00 $ 27,054.21 133.02 $ 1,000.00 $ 26,187.23 128.75 $ 1,000.00 $ 25,315.98 124.47 $ 1,000.00 $ 24,440.45 120.17 $ 1,000.00 $ 23,560.62 115.84 $ 1,000.00 $ 22,676.46 111.49 $ 1,000.00 $ 21,787.95 107.12 $ 1,000.00 $ 20,895.07 102.73 $ 1,000.00 $ 19,997.80 98.32 $ 1,000.00 $ 19,096.12 93.89 $ 1,000.00 $ 18,190.01 89.43 $ 1,000.00 $ 17,279.44 84.96 $ 1,000.00 $ 16,364.40 80.46 $ 1,000.00 $ 15,444.86 75.94 $ 1,000.00 $ 14,520.80 71.39 $ 1,000.00 $ 13,592.19 66.83 $ 1,000.00 $ 12,659.02 62.24 $ 1,000.00 $ 11,721.26 57,63 $ 1,000.00 $ 10,778,89 53.00 $ 1,000.00 $ 9,831.89 48.34 $ 1,000.00 $ 8,880.23 43.66 $ 1,309.93 $ 7,613,96 37,44 $ 1,400,00 $ 6,251.40 30.74 $ 2,060.35 $ 4,221.79 20.76 $ 2,097.38 $ 2,145.17 10.55 $ 2,097,38 $ 58,34 0.29 $ 58.63 $ (0.00) $ $ (0.00) $ $ (0.00) $ $ (o.oo) $ $ (o.oo) (0.00) Note Number Variable Inputs: Note Amount 8/31/03 Interest rate Payment Estimated Month Payment Date 0 1 2 10129/2003 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 38-003 $ 21,259.03 8.90% $ 600.00 Estimated / Actual P_~ment Date Beginning Interest 8/31/2003 09/30/03 $ 21,259.03 $ 157.67 $ 10/29/2003 $ 21,416.70 $ 153,55 $ 11/28/03 $ 21,570,25 $ 159.98 $ 12/28/03 $ 21,730.23 $ 161.17 $ 01/27/04 $ 21,891.40 $ 162.36 $ 02/26/04 $ 22,053,76 $ 163.57 $ 03/27/04 $ 22,217.33 $ 164.78 $ 04/26/04 $ 22,382.11 $ 166.00 $ 05/26/04 $ 22,548.11 $ 167.23 $ 06/25/04 $ 22,715.34 $ 168.47 $ 07/25/04 $ 22,495.48 $ 166,84 $ 08/24/04 $ 22,062.32 $ 163.63 $ 09/23/04 $ 21,625.95 $ 160.39 $ 10/23/04 $ 21,186.34 $ 157.13 $ 11/22/04 $ 20,743.47 $ 153.85 $ 12/22/04 $ 20,297.32 $ 150.54 $ 01/21/05 $ 19,847.86 $ 147.20 $ 02/20/05 $ 19,395.06 $ 143.85 $ 03/22/05 $ 18,938.91 $ 140.46 $ 04/21/05 $ 18,479.37 $ 137.06 $ 05/21/05 $ 18,016.43 $ 133.62 $ 06/20/05 $ 17,550.05 $ 130,16 $ 07/20/05 $ 17,080.21 $ 126.68 $ 08/19/05 $ 16,606.89 $ 123.17 $ 09/18/05 $ 16,130.06 $ 119.63 $ 10/18/05 $ 15,649.69 $ 116.07 $ 11/17/05 $ 15,165.76 $ 112.48 $ 12/17/05 $ 14,678,24 $ 108.86 $ 01/16/06 $ 14,187,10 $ 105.22 $ 02/15/06 $ 13,692.32 $ 101.55 $ 03/17/06 $ 13,193.87 $ 97.85 $ 04/16/06 $ 12,691.72 $ 94.13 $ 05/16/06 $ 12,185.85 $ 90.38 $ 06/15/06 $ 11,676.23 $ 86.60 $ 07/15/06 $ 11,162.83 $ 82.79 $ 08/14/06 $ 10,645.62 $ 78.96 $ 09/13/06 $ 10,124.58 $ 75.09 $ 10/13/06 $ 9,599.67 $ 71,20 $ 11/12/06 $ 9,070.87 $ 67.28 $ 12/12/06 $ 8,538.15 $ 63,32 $ 01/11/07 $ 8,001.47 $ 59.34 $ 02/10/07 $ 7,460.81 $ 55.33 $ 03/12/07 $ 6,916.14 $ 51.29 $ 04/11/07 $ 6,367.43 $ 47.23 $ 05/11/07 $ 5,814.66 $ 43.13 $ 06/10/07 $ 5,257.79 $ 39.00 $ 07/10/07 $ 4,696.79 $ 34.83 $ 08/09/07 $ 4,131.62 $ 30.64 $ 09/08/07 $ 3,562,26 $ 26.42 $ 10/08/07 $ 2,988,68 $ 22.17 $ 11/07/07 $ 2,410.85 $ 17.88 $ 12/07/07 $ 1,828.73 $ 13.56 $ 01/06/08 $ 1,242.29 $ 9.21 $ 02/05/08 $ 651.50 $ 4.83 $ 03/06/08 $ 56.33 $ 0.42 $ 60 Mo. Payment 388.33 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 56.75 $ Ending $ 21,416.70 $ 21,570.25 $ 21,730.23 21,891.40 22,053.76 22,217.33 22,382.11 22,548,11 22,715.34 22,495.48 22,062.32 21,625.95 21,186.34 20,743.47 20,297.32 19,847.86 19,395.06 18,938.91 18,479.37 18,016.43 17,550.05 17,080.21 16,606.89 16,130.06 15,649.69 15,165.76 14,678.24 14,187.10 13,692.32 13,193.87 12,691.72 12,185.85 11,676.23 11,162.83 10,645.62 10,124.58 9,599.67 9,070.87 8,538.15 8,001.47 7,460.81 6,916.14 6,367.43 5,814.66 5,257.79 4,696.79 4,131~62 3,562.26 2,988.68 2,410.85 1,828.73 1,242.29 651.50 56.33 Note Number Variable Inputs: Note Amount 8/31/03 Interest rate Payment Month Estimated Payment Date 0 1 2 10/29/2003 3 4 5 6 7 8 9 10 $ 39,001.92 0.00% $ 5,OOO.OO Estimated / Actual Pavment Date Beginning Interest 8/31/2003 $ 39,960.00 09/30/03 $ 39,001.92 $ 10/29/2003 $ 39,001.92 $ 11/28/03 $ 36,301.92 $ 12/28/03 $ 31,301.92 $ 01/27/04 $ 26,301.92 $ 02/26/04 $ 21,301.92 $ 03/27/04 $ 16,301.92 $ 04/26/04 $ 11,301.92 $ 05/26/04 $ 6,301.92 $ 06/25/04 $ 1,301.92 $ Payment Ending $ 39,001.92 2,700.00 $ 36,301.92 5,000.00 $ 31,301.92 5,000.00 $ 26,301.92 5,000.00 $ 21,301.92 5,000.00 $ 16,301.92 5,000.00 $ 11,301.92 5,000.00 $ 6,301.92 5,000.00 $ 1,301.92 1,301.92 $ (0.00)