HomeMy WebLinkAbout04-4438John W. Purcell, Jr.
Purcell, Krug &Haller
1719 North Front Street
Harrisburg, PA 17102
(717) 234-4178
jDurcell@pkh.com
HARSCO GASSERV
Plaintiff
: IN THE COURT OF COMMON PLEAS
: CUMBERLAND COUNTY, PENNSYLVANIA
vs. : CIVIL ACTION-LAW
:
CASSCO, LLP : NO. O~ -- ~q~
Defendant :
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
32 S. Bedford Street
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 pot 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 por 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
ASSISTENCIA LEGAL:
Cumberland County Bar Association
32 S. Bedford Street
Carlisle, PA. 17013 -- (717) 249-3166 (800) 990-9108
HARSCO GASSERV
Plaintiff
VS.
CASSCO, LLP
Defendant
IN THE COURT OF COMMON PLEAS
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION-LAW
COMPLAINT
1. The Plaintiff is Harsco GasServ, a division of HARSCO Corporation, a
corporation organized and existing under the laws of the state of Delaware, with an
address of 4716 Old Gettysburg Road, Suite 300, P.O. Box 8316, Camp Hill,
Cumberland, PA 17001-8316.
2. The Defendant Cassco, LLP is a Limited Liability Partnership organized and
existing under the laws of the state of Califomia, with an address of 324 River Street,
Santa Cruz, California 95060.
COUNT I
HARSCO CORPORATION V. CASSCO, LLP
3. Paragraphs 1 and 2 axe hereby incorporated by reference as if set forth at
length.
4~ On or about November 2, 2000, the Defendant entered into a Commercial
Note pursuant to which it agreed to pay to the Plaintiff the sum of $16,683.62, in 59
consecutive installments of $356.53, 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".
5. The equipment referenced in the Note was shipped on or about November
21, 2000, maldng the first payment due 30 days thereafter.
6. The Defendant is presently in default on its payments on the Note,
7. There is presently due and owing to the Plaintiff by the Defendant the sum
of $7,196.19 representing the unpaid balance on the Note.
8. On or about May 9, 2000, the Defendant entered into a Commercial Note
pursuant to which it agreed to pay the Plaintiff the sum of $37,654.20 in 59
consecutive installments of $804.68, commencing 30 days from the date of shipment
of equipment separately purchased by Defendant until paid in full. A copy of the
Note and with all the terms is attached hereto and made a part hereof as Exhibit "B".
9. The equipment referenced in the Note was shipped on or about June 1,
2000, making the first payment due 30 days thereafter.
2
10. The Defendant is presently in default on its payments on the Note.
11. There is presently due and owing to the Plaintiff the sum of $12,181.10
representing the unpaid balance on the Note.
12. On or about February 8, 2000, the Defendant entered into a Commercial
Note pursuant to which it agreed to pay the Plaintiff the sum of $17,623.44 in 59
consecutive installments of $370.13, commencing 30 days from the date of shipment
of equipment separately purchased by Defendant until paid in full. A copy of the
Note and with all the terms is attached hereto and made a part hereof as Exhibit "C".
13. The equipment referenced in the Note was shipped on or about February
26, 2000, making the first payment due 30 days thereafter.
14. The Defendant is presently in default on its payments on the Note.
15. There is presently due and owing to the Plaintiff the sum of $3,138.20
representing the unpaid balance on the Note.
16. On or about December 1, 1999, the Defendant entered into a Commercial
Note pursuant to which is agreed to pay the Plaintiff the sum of $15,713.89 in 59
consecutive installments of $330.02 commencing 30 days from the date of shipment of
3
equipment separately p~rchased by Defendant until paid in full. A copy of the Note
with all the terms is attached hereto and made a par~ hereof as Exhibit "D".
17. The equipment referenced in the Note was shipped on or about January
17, 2000, making the first payment due 30 days thereafter.
18. The Defendant is presently in default on its payments on the Note.
19. There is presently due and owing to the Plaintiff by the Defendant the sum
of $2,599.11 representing the unpaid balance on the aforesaid Note.
20. The total amount due under all four transactions is $25,114.60.
21. Pursuant to the terms of all of the aforementioned Notes, the Defendant is
responsible for the payment of all costs and expenses, including reasonable attorneys
fees and disbursements, which may be incurred by Plaintiff in the collection of the
Notes with the enforcement of the company's fights and remedies thereunder.
22. Plaintiff has made demand upon the Defendant for the full amount of the
above Note obligations and open account balance, yet despite demand, the
Defendant has failed to and/or refused to make payments as aforesaid.
4
COUNT II
HARSCO CORPORATION V. CASSCO. LLP
23. Paragraphs 1 through 22 are hereby incorporated by reference as if set
forth at length.
24. Upon entering into the original four contracts referenced above, Plaintiff
contracted with First Union National Bank (now Wachovia) to service all finance
loans.
25. The servicing contract with First Union National Bank required that if any
customer went to sixty days beyond their past due date on their respective Notes,
Plaintiff would be required to buy back that portion of the Note that was past due to
bring it current.
26. On October 10, 2002, Plaintiff was required to buy back $17,168.00 for the
four above referenced Notes representing past due amounts as set forth above.
27. Between October 10, 2002 and June 2004, Defendant made payments of
$5,400.00 on the buy back amount in addition to payments on the original Notes, all of
which were applied and credited to the amounts due.
28. Interest still continues to accrue on the buy back amount at the interest
5
rate set forth in the Notes, leaving a current balance of $14,732.02, in addition to the
original amounts due and owing as set forth in Count I above.
29. Defendant is in default under the original Note, as aforesaid and all
amounts, including buy back amounts referenced in this Count, are presently due and
owing by reason of the Defendant's default.
WHEREFORE, the Plaintiff requests this Honorable Court to enter Judgment in
favor of the Plaintiff and against the Defendant in the amount of $39,847.02, plus
continuing interest and costs of suit and attorney's fees.
Respectfully submitted,
PURCELL, KRUG & HALLER
ri s !9°u!9r t!5, Fpr~knlt 7~t~ ~.et
(717) 234-4178
6
COMMERCIAL NOTE "--
$16.683.62 Novem r 2, 2000 . ,
FOR VALUE RECEIVED, each of the undersigned, jointly and severally if more than one (hereinafter
collectively referred to as "Borrower"). promises to pay to the order of HAR$CO CORPOR^TION (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 Sixteen Thousand Six Hundred Eighty-three and 62/100 DOLLARS, th 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 $356,53 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 fuI] 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 10.25% 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 l~ereby, except as otherwise expressly stated above or in a
separate wrmng 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. Interest shall accrue from the date shipment of
Eqmpmem ~s 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 emry of any judgment against Borrower.
P^YMEN'r - 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 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 m an amoum 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 1st 2nd 3rd 4th 5th
Amortized Year Year `*'ear Year '*'ear
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% 2.00c~
COLLATEIIAL - This Note and the indebtedness evidenced hereby shall be secured by any lien or security interest
evidenced by a ,~'rmng (whether now ex,sting or hereafter executed) which contains a provision to the effect that
such lien or security interest ~s 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 his Note or under any obligation or indebtedness to Company of Borrower or an5'
person liable, e~ther absolutely or contingently, for payment of any indebtedness evidenced hereby, including
endorsers, guarantors and sureues leach such person is referred to as an "Obligor"); (b) if Borrower or any Obligor
has'failed td observe or perforr, . , other existing or future agreement with Com~ i of any nature whatsoever; (c)~
if any representation, warranty, ~ertificatc, financial sb~tcmcnt or other information ~,ladc or given by Borro~'cr or
an), Obligor to Company is materially incorrect or misleading; (dj if Borrower or any Obligor shall become insolvent
or make an assignment for thc 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 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; (0 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 consol
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; (il 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; (il if Borrower shall fail to retail
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 fai
to pay when due any material indebtedness for borrowed money other than to Company; of (nj 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 thc due date thereof until paid at the rate set forth above.
NOTICE TO BORROW'ER - 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 thc mail. postage
prepaid, for delivery by first class mail at Borrower's mailing address as it appears on Company's records.
PAYMEN'FS - All payments duc 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
paymcm have actually been received by or made available to Company.
pA'~qW~ENT 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 ma)' 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 corporat:on or a general or limited 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 execunon, delivery and
performance of this Note are within Borrower's corporate powers, have been duly authorized by all necessary acuon
by Borrower's Board of Directors, and are not in contravention of the terms of Borrower's charter, by-laws, or an)'
resolution of its Board of D;rectors. If Borrower ~s 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 execuoon, 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 :s required in connection with the execution,
delivery and performance of this Note.
',¥AIVER. ETC.,- Borrower and each Obligor wmve 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
cumulative find concurrent and nc gle or partial exercise of any power or privile~ all preclude any otb, er 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 of setoffor against any particular Obligor, All representation, warranties and
agreements herein are made jothtiy 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 it~ 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 absolum and
unconditional.
CONSENT TO JURISDICTION AND VENUE. IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY,
ANY MA 1-! UR ARISING OUR OF OR RELATED TO THIS NOTE OR THE RELATIONSHIP EVIDENCED HEREBY, EACH
LrNDERSIGNED PARTY HEREBY IRREVOCABLY SUBMITS TO THE NON'EXCLUSIVE JURISDICTION OF ANY STATE OR
FEDERAL COURT LOCATED IN ANY COUNTY OF THE COMMONWE, ALTH OF PENNSYLVANIA WHERE COMPANY
MAINTAINS AN OFFICE AND AGREES NOT TO RAISE ANY OBJECTION TO SUCH JURISDICTION OR TO TH~ LAYING
OR MAIIVrAINING 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
KEREOF THEREBY WAIVES, TRIAL BY JURY IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY,
ANY MAT-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 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)
Cassco, LLP.
Christooher W. EdnelI, General Partner .
(Print name and title)
Individuals:
Witness
Borrower
(Print name of Witness)
(Print name of Borrower)
(Print name of Witness)
(Print name of Borrower)
· ' C~)MMERC1AL NOTE
$ 37,654.2i) ('~'" M~y 9, 2000 .' ~ )~5'( _
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 4718 Old Gettysburg Rd., Ste 300, P. O. Box 8316, Camp Hill, PA 17001-8316, the principal amount
of Thirty-seven Thousand Six Hundred Fifty-four and 20/100 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 $804.68 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 10.25% 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 sated 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. 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.
PAYMENT - A prepayment of principal (including any principal repayment as a result of acceleration by Company of
this Note) shall require irmmediate 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, prepayment~ 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 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 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 perfon'- ny other existing or future 'agreement with Comb's-ny of any nature whatsoever; (c)
if ~.ny representation, warranty; :tificate, financial statement or other informatiC ..adc or given by Borrower or
any Obligor to Company is materially incorrect or misleading; (d) if Borrower or any Obligor shall becom~ 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 lien, levy or garnishment against any
property of material value in which Borrower or any Obligor has an interest; (0 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 substandal portion of any of Borrower's asses, 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; ih) 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 Borrowar 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 ail 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 ~ All payments due under this Note are to be made in immediately available fimds. 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 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, delivery and performance of this Note have been duly authorized and are not in conflict
with any provision of Borrower's pannership agreement or certificate of limited partr~ership. 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 performs, ncc 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 r 'ingle or partial exercise of any power or privilece shall preclude any q!her or
further exercise of any right, po(.. or privilege. ~
MISCELLANEOUS - This Note is the unconditional obligation of Borrower. and Borrower agrees thai 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 setoffor against any particular Obligor. Ail representation, warranties and
agreements herein are ma&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 ANY LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY,
ANY MATTER ARISING OUR OF OR RELATED TO TIllS NOTE OR TIIE R. ELATIONSIIIP EVIDENCED HEREBY, EACH
UNDERSIGNED PARTY HEREBY IRRI~VOCABLY SUBMITS TO TilE NONEXCLUSIVE JURISDICTION OF ANY STATE OR
FEDERAL COURT LOCATED IN ANY COUNTY OF TIlE COMWIONWEALTIt OF PENNSYLVANIA WItERE COMPANY
MAINTAINS AN OFFICE AND AGREES NOT TO RAISE ANY OBJECTION TO SUCIt JURISDICTION OR TO THE LAYING
OR MAINTAINING OF THE VENUE OF ANY SUCH PROCEEDING IN SUCH COUNTY. EACH UNDERSIGNED PARTY
AGREES TH~AT SERVICE OF PROCESS IN ANY SUClt 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 IIEREBY WAIVES AND COMPANY BY ITS ACCEPTANCE
HEREOF THEREBY WAIVES, TRIAL BY JURY IN ANY LEGAL PROCEEDING INWOLVING, DIRECTLY OR INDIRECTLY,
ANY MATTER (VOIETHER 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 WI-[EREOF, 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)
Cassco, LLP.
Christopher W. Edgelk General Phrtner .
(Print name and title)
Individuals:
Witness
Borrower
X
(Print name of Witness)
(Print name of Borrower)
(Print name of Witness)
(Print name of Borrower)
· '' [" cOMMER~IALNOTE ,'
$ 17,623.44 Februar~ 8, 201i0 ~'"~
FOR VALUE RECEIVED, each of the undersigned, jointly and severally if more than one (hereinalier
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 Seventeen Thousand Six Hundred Twenty-three and 441100 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 $370.13 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, lmerest shall accrue at the rate of 9.50% per annum.
Payments will be applied as aforesaid on the date received.
ADDITIONAL TERMS OF'rillS 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 thc indebtedness of Borrower in connection with the sale of Equipment sold
by Company to Borrower.
IN'rEREST - 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 actuaIly 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, renewaI 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.
I,AYMEN~r - 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 maturily 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, ~he 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
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 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: (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 ~s referred to s an Obh~or ); (b) if Borrower or any Obligor
has failed to observe or perforl y other existing or future agreement with Com~. , of any nature whatsoever
if any representation, warranty, certificate, financial statement or other information made or given by Borro~ver 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 benefil 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 lien, levy or garnishment against any
property of material value in which Borrower or any Obligor has an interest; (l) 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 like}y 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 ct~llected or
withheld from an>' 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
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 iu 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 dale 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.
PAYMEN'I'S - All 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.
I,A't'MENT OF COSTS - In addition to the principal and interest payable hereunder, Borrower agrees fo 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 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-taws, 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 duIy 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 governmentaI 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
· cumulative and concurrent and n; ~gle or partial exercise of any power or privileI all preclude any otker 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 of setoffor 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 unenforceabilily shall not affect any other provision hereof. To the
extent that this Note represents a replacement, suhsthution, renewal or refinancing of a pre-existing note or other
evidence of indebtedness, the indebtedness represented by such pre-existing note or other instrumenl 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.
CONSEN'F TO JURISDICTION AND VENUE. IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY,
ANY MA~I'ER ARISING OUR OF OR RELATED TO Tills NOTE OR TIlE RELATIONSIIIP EVIDENCED IIEREBY, EACIt
UNDERSIGNED PARTY HEREBy IRREVOCABLY SUBMITS TO TIlE NONEXCLUSIVE JURISDICTION OF ANY STATE OR
FEDERAL COURT LOCATED IN ANY COUNTY OF TIlE COMMONWEALTIt OF PENNSYLVANIA B~IERE COMPANY
MAINTAINS AN OFFICE AND AGI~EE$ NOT TO RAISE ANY OBJECTION TO SUCll JURISDICTION OR TO TIlE LAVING
OR MAINTAINING OF TIIE VENUE OF ANY SUCII I'ROCEEDING IN SUCll COUNTY. EACIt UNDERSIGNED PARTY
AGREES THAT SERVICE OF PROCESS IN ANY SUCIt PROCEEDING MAY BE DULY EFFECTED UPON IT BY MAILING A
COPY TIIEREOF, BY REGISTERED MAIL, POSTAGE pREPAID, TO EACII UNDEP~IGNED PARTY.
WAIVER OF JURY TRIAL. EACH UNDERSIGNED PARTY IIEREBY WAIVES AND COMPANY BY ITS ACCEPTANCE
HEREOF THEREBY WAIVES, TRIAL BY JURY IN ANY LEGAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY,
ANY MAWrER (~,~IETHER SOUNDING IN TORT, CoN'rRACT OR OTItERWISE) IN ANY WAY ARISING OUT OF OR
RELATED TO Tills NOTE OR TItE RELATIONSIIIP EVIDENCED IIEREBY. Tills PROVISION IS A MATERIAL
INDUCEMENT FOR COMPANY TO ENTER IN'TO, ACCEPT OR RELY UPON TItlS 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)
Ca~co, LLP.
(Print name and title)
Individuals:
Witness
Borrower
X
(Print name of Witness)
(Print name of Borrower)
(Print name of Witness)
(Print name of Borrower)
COMMERCIAL NOTE
15,713.89
Decemfi~r 1, 1999
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 1 ?001-8316, the principal
amount of Fifteen Thousand Seven Hundred Thirteen and 89/I 00 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 ofprinc/pal and interest, each in the amount of $330.02 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 In'st to the payment of accrued and unpaid interest and then to the payment of principal and a final
installment in an amoutu 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 9.$0'Vo 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 Bon'ower 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. Accmed 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 represent~ 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, not'withstanding the entry of any judgment against Borrower.
PAYMENT - A prepayment of principal (including any principal repayment as a result of acceleration by Company
of this Note) shalI 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 permitled in an amount less than the scheduled principal installment prior to final maturity of the outstanding
principal balance. Not~vithstanding, 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 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 any nature whatsoever: (c)
if any representation, warranty, certificate, financial statement or other information made or given by Borrower or
insolvent oi- make an assignmer< ' ~ the benefit of creditors or if any petition shal~!. '--'filed by or against Bg, rrower..
or any Obligor under any bank:',., xy or insolvency law; (e) the entry of any judgi. ~'against Borrower or any
Obligor which remains unsatisfied for 15 days or the issuance of any attachment, tax lien, levy or garmshment
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 sen, ed upon Company as a result of any claim against Borrower or any
Obligor or against any proper~ of Borrower or any Obligor; (g) the dissolution, merger, consolidation or change in
control (as control is defined in Rule 12b12 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 t~ansfer is entered into by
Borrower, without the written consent of Company; (b) the death of any Borrower or Obligor who is a namraI
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 ereditworththess of
Borrower or any Obligor, or on the ability of Borrower or any Obligor tn 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 anempt to terminate or disclaim such Obligor's
liability for the indebtedness evidenced by this Note; (1) 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 In
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 fail,.u'e 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 entii'e 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 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 £n'st 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 unmediately 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 pactnership, Borrower
represents and wan'ants that it is validly existing and in good standing in the jurisdictinn 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, delivery and performance of this Note have been duly authorized and are not in conflict
with any provision of Borrower's parmership agreement or certificate of 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 cont~'avention of law and do not
conflict with any indenture, agreement or undertaking to which Borrower is a paiD' or is otherwise bound, and that
no consent or approval of any governmental authority or any third party is required in cormectinn 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
nm* h~- ,~.~ir,d ~o exercise any of its riehts or remedies against any collateral in which it holds a lien or securiry
intgrest or against which it has a.~-"ht ofsetnffor against any particular Obligor· A~I.I representation, warranties and
agreemen~ herein are made joii. .nd severally by each Borrower, If any provil ';f this Note shall be held
invalid or unenforceable, such mvahdt~ ofunenforceab t7 shall not affec any o~ct proviston hereof· TO the
extent that this Note represents a replacement, substitution, renewal or refmancing ora pre-existing note or other
evidence of indebtedness, the indebtedness represented by such pre-ex/sting 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 thc Commonwealth of Pennsylvania without regard to the law conflicts. This Note
shall be binding upon each Borrower and each Obligor and upon their personaI 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 ]iabilivd 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 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 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
AGREE~ 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 INDIRECTLY,
ANY MATTER OVHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN A.Ny 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 tn'st above written.
Corporation or Partnership:
Cassco, LLP.
By: By:
Christopher W. Edeell, General Partner .
(print name and title)
(Print name and title)
Individuals:
Witness
Borrower
(Print name of Witness)
(Print name of Borrower)
(Print name of Wimess)
(Print name of Borrower)
VERIFICATION
COMPANY NAME: HARSCO CORPORATION
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.
Dated:
Title
HARSCO GASSERV,
VS.
CASSCO, LLP,
Plaintiff
Defendant
: IN THE COURT OF COMMON PLEAS OF
: CUMBERLAND COUNTY, PENNSYLVANIA
:
: NO. 04-4438
:
: CIVIL ACTION - LAW
ANSWER OF CASSCO, LLP (CASSCO) TO COMPLAINT
And now comes Cassco, by its attorney, Norman M. Yoffe, Esquire,
and makes its answers to the respective paragraphs of the complaint as
follows:
1. Admitted.
2. Admitted.
COUNT I
3. No answer required.
4. Admitted as to the execution of the note.
5. Admitted.
6. Admitted.
7. Denied.
Cassco has a lack of knowledge and information as to
the balance due on the note and the correct amount of credits due to it
on account of several payments made by it to Harsco Gasserv (Harsco).
This averment is therefore denied and proof of the proper balance owing
(and the applicable credits) demanded at trial.
8. Admitted as to the execution of the note.
9. Admitted.
10. Admitted.
11. Denied. Cassco has a lack of knowledge and information as to
the balance due on the note and the correct amount of credits due to it
on account of several payments made by it tc Harsco Gasserv (Harsco).
This averment is therefore denied and proof of the proper balance owing
(and the applicable credits) demanded at trial.
12. Admitted as to the execution of the note.
13. Admitted.
14. Admitted.
15. Denied. Cassco has a lack of knowledge and information as to
the balance due on the note and the correct amount of credits due to it
on account of several payments made by it to Harsco Gasserv (Harsco).
This averment is therefore denied and proof of the proper balance owing
(and the applicable credits) demanded at trial.
16. Admitted as to the execution of the note.
17. Admitted.
18. Admitted.
19. Denied. Cassco has a lack of knowledge and information as to
the balance due on the note and the correct amount of credits due to it
on account of several payments made by it to Harsco Gasserv (Harsco).
This averment is therefore denied and proof of the proper balance owing
(and the applicable credits) demanded at trial.
20. Denied. Defendant lacks the knowledge and information
necessary to form a belief as to the correct amount due on all the
notes or on any of the particular
hereinabove expressed. This averment
thereof demanded at trial.
notes, because of the reason
is therefore denied and proof
21. Admitted in part and denied in part. It's admitted that
pursuant to the terms of each note, Cassco is liable for the items of
cost and expense as set forth. As to what costs and disbursement are
included is a factual and/or legal conclusion, and the same is denied.
22. Admitted in part and denied in part. Admitted as to Harsco's
demand for payment. It's denied that the ba[[ance demanded is correct.
See New Matter pleaded.
23. No answer required.
24. Denied. Cassco
COUNT II
is without knowledge or information
sufficient to form a belief as to the truth of this averment. The same
is therefore denied and proof thereof demanded at trial, if relevant.
25. Denied. Cassco is without knowledge or information
sufficient to form a belief as to the truth of this averment. The same
is therefore denied and proof thereof demanded at trial, if relevant.
26. Denied. Cassco is without knowledge or information
sufficient to form a belief as to the truth of this averment. The same
is therefore denied and proof thereof demanded at trial, if relevant.
27. Admitted in part and denied in part. Admitted that Defendant
made payments. See New Matter pleaded. As to what Defendant's
payments were applied to and the propriety of such application,
Defendant is without knowledge or informaticn sufficient to form a
belief as to the truth of this averment. The same is therefore denied
and proof thereof demanded at trial, if relevant.
28. Denied. Whether interest as averred continues on the buy-
back amount is a matter of law and requires no further answer. As to
the current buy-back balance, Defendant is without knowledge or
information sufficient to form a belief as to the truth of this
averment. The same is therefore denied and proof thereof demanded at
trial, if relevant.
29. Admitted in part and denied in part. Admitted that Cassco is
in default. Whether or not Cassco is liable for the buy-back amounts
is averred. Cassco is without knowledge or information sufficient to
form a belief as to the truth of this averment. The same is therefore
denied and proof thereof demanded at trial, if relevant.
NEW MATTER
30. Cassco has paid a total of $12,301.00 to Harsco which should
have been applied by Harsco to one or more of the note balances.
WHEREFORE, Cassco requests that the Court adjudicate the proper
amount owing on the causes of action averred by Harscoo
cassco\answer
YOFFE & YOFFE, P.C.
NORMAN M. YOFFE, ESQUIRE
Attorney for Defendant
214 Senate Avenue, Suite 203
Camp Hill, PA 17011
(717) 975--1838
Attorney ID No. 07135
FILE )~k>. 587 10/27 '04 16:~ IB:YOFFE YOFFE PC
7179751912
PA~ $
~ARSCO GASSE~ V,
CASSCO, LLP,
Plainti££
Defendant
~N T~E COURT OF C(k~ PLEA~ OF
CUMBERLAND COUNTY, PENNSYLVANIA
NO. 04-4438
CIVIL ACTION - LAW
VERIFICATION
I hero,by state that I am an adult individual who is autho$imed
to make this %erification and that the facts set forth in the foregoing
;tnswer and ~ ew Matter are true to the best of my knowledge,
information, and belief. I understand that fals~ statements herein are
mado subject to t~e Penalties of 18 Pa. C.S. ~4904 ~etating to unsworn
falsification :o authorities.
Dated:
CASSCO, LLP.
Name:
HARSCO GASSERV,
VS.
CASSCO, LLP,
Plaintiff
Defendant
: IN THE COURT OF COMMON PLEAS OF
: CUMBERLAND COUNTY, PENNSYLVANIA
:
: NO. 04-4438
:
: CIVIL ACTION - LAW
CERTIFICATE OF SERVICE
The undersigned certifies that on the day indicated below he
served a true and correct copy of the foregoing Request for Production
of Documents on the attorney for Harsco Gasserv. Service was
accomplished by depositing the same in the United States Mail, first
class, postage prepaid and addressed as follows:
John W. Purcell, Jr., Esquire
1719 North Front Street
Harrisburg, PA 17102
YOFFE & YC~, P.C.
~?~RM~. M.,YOFFE, ESQUIRE
Attorney for Defendant
214 Senate Avenue, Suite 203
Camp Hill, PA 17011
(717) 975-1838
Attorney ID No. 07135
cassco\request for docs
HARSCO GASSERV,
Plaintiff
: IN THE COURT OF COMMON PLEAS
: CUMBERLAND COUNTY, PENNSYLVANIA
vs.
CASSCO, LLP,
: CIVIL ACTION-LAW
: NO. 04-4438 CIVIL TERM
Defendant
AGREEMENT FOR JUDGMENT BY CONSENT
AND NOW, comes the parties, Harsco GasServ, a division of Harsco
Corporation, Plaintiff, and the Defendant Cassco, LLP, who enter into the following
Agreement for the entry of an Judgment by Consent as follows:
1. On or about September 1, 2004, the Plaintiff instituted a law suit in the Court
of Common Pleas of Cumberland County, Pennsylvania, to the above term and
number.
2. Plaintiff Harsco GasServ is a division of Harsco Corporation and is a creditor
of the Defendant Cassco, LLP, pursuant to a series of commercial notes as more
specifically set forth in the Complaint, all of which were made the basis of the law suit
and are incorporated herein by reference.
1
3. The Defendant Cassco, LLP is presently in default on its payments, and are
indebted to the Plaintiff in a total amount of $42,419.84, which amount represents the
unpaid balance on the notes, plus accrued interest, as of January 15, 2005, as more
particularly set forth in the attached Exhibit "A".
4. Both parties agree that judgment in the full amount of $42,419.84, plus
continuing interest at the contract rate from January 15, 2005, plus costs, shall be
entered by the Court immediately, and that the sum agreEld upon does not exceed the
amount of the Defendant's liability.
5. Defendant shall make payments on the judgment and amount due as set
forth in the schedule attached as Exhibit "B". Provided that all payments are timely
made, Plaintiff shall not exercise its rights to execution on the judgment. Plaintiff
represents that it has bought back the notes from Wachovia Bank, and all payments
made hereunder by Defendant shall be made directly to Plaintiff. Plaintiff may make
prepayments on principal at any time without penalty.
6. The Defendant acknowledges and agrees to the entry of a judgment against it
in the above amount, and that by doing so, it is waiving all rights to due process
including further notice, and further hearing on the matter.
~
2
7. Plaintiff acknowledges that it has consulted wlith counsel regarding the claim
made by Plaintiff in the above captioned matter, the likelihood of success in defending
the claim on the merits, the right of the Defendant to obtain judgment against the
Defendant by consent, and the enforceability of the judgment in both Pennsylvania and
California.
8. Defendant consents to both the subject matter and in personam jurisdiction
of the Courts of the Commonwealth of Pennsylvania and further waives its right to a jury
trial on the Plaintiff's claim.
9. This Agreement shall be interpreted under the laws of the Commonwealth of
Pennsylvania, however, the Defendant agrees that should the Plaintiff need to seek
enforcement of the judgment in the state of California, that the Defendant waives all
objections to California jurisdiction for enforcement of the same under the Sister State
and Foreign Money Judgments Act of 1974, and applicablE! California case law, and
agrees that the state of California may give full faith and credit to the judgment entered
in Pennsylvania as if it was obtained in California.
10. Both parties consent to the entry of the Judgment by the Court in the form
attached to this agreement, and hereby stipulate to the saffil9.
,"
3
IN WITNESS WHEREOF, the parties hereunto have set their hands and seals
this
W day of .:3~
\
.2005.
WITNESS:
JO{)ffl
HA#: GASSERV .
BY .Q7 _ J
CA~O LLP
BY _~t Wr~
G~V\~ f d 1e-l\
4
Cassco Notes Due
..---..--..-....---------First Union Bank ..-..----
Balance Due
Interest Net of Payments
Note # Rate 1/1512005
Open $
67 9.500% $ 2,778.42
83 B.5OO% $ 3,315.41
10B 10.250% $ 13,188.15
125 10.250% $ 7,778.52
Total $ 27,060.50
Note # Date 67 83 10B 125 Total
Interest Rale 9.50% 9.50% 10.25% 10.25%
Buytlacj($ 10/612002 . 2,747.00 . 3,419.00 $ 8,120.00 . 2,882.00 $17,168.00
Payment 1/20/2003 . 32.00 . 39.83 $ 94.59 . 33.57 $ 200.00
Interest . 75.79 . 94.33 . 241.71 . 85.79 . 497.62
Total as of 1/2012003 $ 2,790.79 . 3,473.50 $ 8,267.12 $ 2,934.22 $17 ,465.62
Payment 2/6/2003 . 31.96 $ 39.78 $ 94.67 . 33.60 . 200.00
Interest . 12.35 $ 15,37 $ 39.47 $ 14.01 . 81.20
ToIal as of 2/612003 $ 2,771.18 $ 3,449.09 $ 8,211.92 . 2,914.63 $17,346.82
Payment 2/2512003 . 31.95 $ 39.77 $ 94,68 . 33.60 . 200.00
Interest . 13.70 $ 17,06 . 43,82 $ 15.55 . 90.13
Total as of 2/25/2003 . 2,752.93 $ 3,426.39 $ 8,161,06 . 2,896.57 $17,236.95
Paymenl 2/27/2003 $ 31.94 $ 39.76 . 94.69 . 33.61 . 200.00
Interest . 1.43 $ 1.78 $ 4.58 $ 1.63 $ 9.42
Total as of 2/27/2003 $ 2,722.42 $ 3,388.41 $ 8,070,95 . 2,864.59 $17,048.37
Payment 3/18/2003 . 31.94 $ 39.76 . 94,69 . 33.61 $ 200.00
Interest . 13.46 $ 16.76 . 43.06 . 15.28 . 88.56
Total as of 311812003 . 2,703.94 $ 3,365.42 $ 8,019.31 $ 2,846.26 $16,934.93
Payment 4/15f2003 $ 63.87 $ 79.49 . 189.41 . 67.23 . 400.00
Interest . 19.71 $ 24.53 $ 63.06 . 22.38 $ 129.68
Total as of 4/15/2003 $ 2,659.78 $ 3,310.46 $ 7,892,96 $ 2,801.42 $16,664.61
Payment 516J2003 $ 31.92 $ 39.73 $ 94.73 $ 33.62 $ 200.00
Jnterest . 14,54 $ 18.09 $ 46.55 . 16.52 $ 95.70
Total as of 5/6/2003 $ 2,642.40 $ 3,288.82 $ 7,844.78 $ 2,784.31 $16,560.31
Payment 5/27/2003 $ 63.82 $ 79.44 $ 189.48 . 67.25 . 400.00
Interest . 14.44 $ 17.98 . 46.26 . 16.42 . 95.10
TotaJ as of 5/27/2003 . 2,593.01 . 3,227.36 $ 7,701.56 . 2,733.48 $16,255.41
Payment 7/25/2003 . 63.81 $ 79.42 . 189.51 . 67.26 . 400.00
Interest . 39.82 $ 49.56 . 127.60 . 45.29 . 262.27
Total as of 7125/2003 . 2,569.03 $ 3,197.50 $ 7,639.64 $ 2,711.51 $16,117.68
Payment 9/4/2003 . 31.88 $ 39.68 $ 94.80 . 33.65 . 200.00
Interest $ 27.41 $ 34,12 . 87.96 . 31.22 $ 180.71
Total as of 9/4/2003 . 2,564.56 . 3,191.94 $ 7,632.80 . 2,709.08 $16,098.39
Payment 9/1012003 . 31.86 $ 39.68 . 94.83 . 33.66 . 200.00
Interest . 4.00 $ 4.98 . 12.86 . 4,56 . 26.40
Tolal as of 9/10/2003 . 2,536.70 $ 3,157.27 $ 7,550.84 $ 2,679,99 $15,924.79
Payment 10/23/2003 . 31.86 $ 39.65 $ 94.83 . 33.66 . 200.00
Interest . 28.39 $ 35.34 $ 91.18 $ 32_36 . 167.27
Tota' as of 10/23/2003 . 2,533.23 . 3,152.96 $ 7,547,19 . 2,678,69 $15,912.06
Payment 10/2312003 . 63.68 . 79.26 . 189.72 . 67,34 . 400.00
Interest . $ . . .
Total as of 1012312003 . 2,469.55 . 3,073.70 $ 7,357.46 . 2.611,35 $15,512.06
Payment 11/25(2003 . 31.84 . 39.63 . 94.86 . 33.67 . 200.00
Interest . 21.21 $ 26.40 . 68.t8 . 24,20 . 139,99
Total as of 11/25/2003 . 2,458.92 . 3,060.47 $ 7,330.78 . 2,601,88 $15,452.05
Payment 121412003 $ 15.91 $ 19.81 . 47.44 . 16.84 . 100.00
Interest . 5.76 . 7.17 . 18.53 . 6.58 . 38.04
Total as 01 12/4/2003 $ 2,448.77 . 3,047.83 $ 7,301.87 . 2,591.62 $15,390.09
Payment 1/29/2004 . 63.65 $ 79.22 . 169.78 . 67.36 $ 400.00
Interest . 35.69 . 44.42 . 114.83 . 40.76 . 235.70
Total as of 1/29(2004 . 2,420.81 . 3,013.04 $ 7,226.92 . 2,565.02 $15,225.79
Payment 3/212004 . 63.60 . 79.16 . 189.86 . 67.39 . 400,00
Interest $ 20.79 $ 25.88 . 68.97 . 23.77 . 137.41
TQtalascf 31212004 . 2,378.00 . 2,959.76 $ 7,104.03 . 2,521.41 $14,963.20
Payment 4f29/2004- . 63.57 . 79.12 . 189.91 . 67.40 $ 400.00
'nterest . 35.90 $ 44.68 . 115.71 . 41.07 . 237.36
TotaJ as of 4/2912004 . 2,350.33 . 2,925.32 $ 7,029.63 . 2,495.08 $14,800.56
Payment 611412004 . 79.40 . 98.82 . 237.49 . 84.29 . 500.00
Interest . 28.14 $ 35.02 . 90.81 . 32.23 . 186.20
TOlalas of 6/14/2004 $ 2,299.07 . 2,861.51 $ 6,883.16 . 2,443.02 $14,486.76
Payment 8/15/2004 . $ . . .
Interest $ 37.10 . 46.18 $ 119.84 . 42.54 . 245.66
Total as of 8f1512004 . 2,336.17 . 2,907.69 . 7,003.00 $ 2,485.56 $14,732.42
Payment 9/15/2004 . $ . . $
Interest . 18.85 . 23.46 . 60.9<\ . 21.64 . 124.91
Total as of 9115/2004 . 2,355.02 . 2,931.15 $ 7,063.96 . 2,507.20 $14,857.33
Payment 10/15(2004 . . . . .
Interest . 18.39 . 22.89 . 59.51 . 21.12 . 121.91
Total as of 10/15/2004 . 2,373.41 . 2,954.04 . 7,123.47 . 2,528.32 $14,979.24
Payment 1111512004 . . $ . .
Interest . 19.15 . 23,83 . 62.01 . 22.01 $ 127.00
Total as of 11/1512004 $ 2,392.56 . 2,977,87 . 7,185.48 . 2,550.33 $15,106.24
Payment 12/15/2004 $ . . $ $
Interest $ 18.68 . 23.25 . 60.54 . 21.49 . 123.96
TotaJ as of 12115/2004 $ 2,411.24 . 3,001.12 $ 7,246.02 . 2,571.82 $15,230.20
Payment 1/15/2005 $ . . . .
lnlerest . 19.46 . 24.21 . 63.08 . 22.39 . 129.14
Total as c-f 1115/2005 $ 2,430.70 . 3,025.33 . 7,309.10 . 2,594.21 $15,359.34
Balance Due as of 1/15/05 $ 5,209.12 . 6,340.74 $20.497.25 . 10,372.73 $42,419.84
:: ('--\" ,\) , \ A'
Cassco Notes Due
Note # Date 67 83 109 125 Total
Interest Rate 9.50% 9.50% 10.25% 10.25%
Beginning Balance 1/1512005 $ 5,209.12 $ 6,340.74 $20,497.25 $ 10,372.73 $42,419.84
Payment 1/15/2005 $ 184.20 $ 224.21 $ 724.80 $ 366.79 $ 1,500.00
Interest $ $ $ $ $
T alai as of 1/15/2005 $ 5,024.92 $ 6,116.53 $19,772.45 $ 10,005.94 $40,919.84
Payment 2/15/2005 $ 184.20 $ 224.21 $ 724.80 $ 366.79 $ 1,500.00
Interest $ 40.54 $ 49,35 $ 172.13 $ 87,11 $ 349,13
Total as of 2/15/2005 $ 4,881.26 $ 5,941,66 $19,219.78 $ 9,726.26 $39,768,97
Payment 3/15/2005 $ 184,11 $ 224,11 $ 724,93 $ 366,85 $ 1,500,00
Interest $ 35,57 $ 43,30 $ 151,13 $ 76.48 $ 306.48
Total as of 3/15/2005 $ 4,732,72 $ 5,760,86 $18,645.98 $ 9,435,89 $ 38,575.45
Payment 4115/2005 $ 184.03 $ 224.01 $ 725,05 $ 366,91 $ 1,500.00
Interest $ 38,19 $ 46.48 $ 162,32 $ 82,14 $ 329,13
T alai as of 4/1512005 $ 4,586.88 $ 5,583.33 $18,083.26 $ 9,151,12 $37,404,58
Payment 511512005 $ 183,94 $ 223,90 $ 725,18 $ 366,98 $ 1,500.00
Interest $ 35,82 $ 43,60 $ 152,35 $ 77.10 $ 308,87
Total as of 5/15/2005 $ 4,438.76 $ 5,403,02 $17,510.43 $ 8,861,24 $ 36,213.45
Payment 611512005 $ 183,86 $ 223.80 $ 725,30 $ 367,04 $ 1,500,00
interest $ 35,81 $ 43,59 $ 152.44 $ 77.14 $ 308,98
Total as of 6/15/2005 $ 4,290.71 $ 5,222,81 $16,:137,57 $ 8,571,34 $35,022.43
Payment 711512005 $ 183,77 $ 223,69 $ ',725.43 $ 367.11 $ 1,500.00
Interest $ 33.50 $ 40.78 $ '142,69 $ 72.21 $ 289,18
Total as of 711512005 $ 4,140.44 $ 5,039,90 $16,354.83 $ 8,276.44 $33,811.61
Payment 811512005 $ 183,68 $ 223,59 $ 725,56 $ 367,17 $ 1,500,00
Interest $ 33,41 $ 40.66 $ 142,38 $ 72,05 $ 288,50
Total as of 811512005 $ 3,990,17 $ 4,856,98 $15,771.65 $ 7,981.32 $ 32,600, 11
Payment 9/1512005 $ 183.60 $ 223.48 $ 725.69 $ 367.24 $ 1,500,00
Interest $ 32.19 $ 39,19 $ 137,30 $ 69.48 $ 278,16
Total as of 911512005 $ 3,838,76 $ 4,672.69 $15,183.27 $ 7,683,56 $ 31 ,378.27
Payment 1011512005 $ 183,51 $ 223,37 $ 725.82 $ 367.30 $ 1,500,00
Interest $ 29.97 $ 36,49 $ 127,91 $ 64,73 $ 259.10
Total as of 1011512005 $ 3,685,22 $ 4,485.80 $14,585,36 $ 7,380,99 $30,137,37
Payment 11/15/2005 $ 183.42 $ 223.27 $ 725.94 $ 367.37 $ 1,500,00
Interest $ 29,73 $ 36.19 $ 12:6,97 $ 64.26 $ 257,15
Total as of 1111512005 $ 3,531,53 $ 4,298,73 $13,986,38 $ 7,077,88 $ 28,894,52
Payment 1211512005 $ 183.33 $ 223,16 $ 726,07 $ 367.43 $ 1,500.00
Interest $ 27,57 $ 33,57 $ 117,83 $ 59,63 $ 238,60
Total as of 12/1512005 $ 3,375,77 $ 4,109,14 $13,378,14 $ 6,770,08 $27,633,12
Payment 1/15/2006 $ 183.25 $ 223,05 $ 7215,20 $ 367,50 $ 1,500,00
Interest $ 27.24 $ 33,15 $ 116.46 $ 58,94 $ 235,79
Total as of 1/1512006 $ 3,219.76 $ 3,919,23 $12,7611.40 $ 6,461.52 $26,368,91
Payment 211512006 $ 183.16 $ 222,95 $ 726,33 $ 367.56 $ 1,500,00
Interest $ 25,98 $ 31,62 $ 111.16 $ 56.25 $ 225,01
Total as of 211512006 $ 3,062,59 $ 3,727,90 $12,153,,23 $ 6,150.20 $25,093,92
Payment 3/15/2006 $ 18307 $ 222,84 $ 726.46 $ 367,63 $ 1,500,00
Interest $ 22,32 $ 27.17 $ 95,56 $ 48.36 $ 193.41
Total as of 3/15/2006 $ 2,901.84 $ 3,532.24 $11,522,32 $ 5,830,93 $ 23,787,33
Payment 411512006 $ 182,99 $ 222,74 $ 726.58 $ 367,69 $ 1,500.00
Interest $ 23.41 $ 28,50 $ 100.31 $ 50,76 $ 202,98
T alai as of 4/15/2006 $ 2,742.26 $ 3,338.00 $10,896,05 $ 5,514,00 $22,490.31
Payment 511512006 $ 182,90 $ 222,63 $ 726.72 $ 367,76 $ 1,500,00
Interest $ 21.41 $ 26.06 $ 91,80 $ 46.45 $ 185,72
Total as of 511512006 $ 2,580,78 $ 3,141.43 $10,261.13 $ 5,192,69 $21,176,03
Payment 611512006 $ 182,81 $ 222.52 $ 726,85 $ 367,82 $ 1,500.00
Interest $ 20.82 $ 25,35 $ 89.:13 $ 45.20 $ 180,70
Total as of 6/15/2006 $ 2,418,79 $ 2,944.26 $ 9,623,62 $ 4,870,07 $19,856,73
Page 1 of2 S)(\-\ \; A' B'
Cassco Notes Due
Note # Date 67 83 109 125 Total
Interest Rate 9.50% 9.50% 10.25% 10.25%
Payment 7/15/2006 $ 182.72 $ 222.41 $ 726.98 $ 367.89 $ 1,500.00
Interest $ 18.89 $ 22.99 $ 81.08 $ 41.03 $ 163.99
Total as of 7/15/2006 $ 2,254.96 $ 2,744.83 $ 8,977.72 $ 4,543.21 $18,520.72
Payment 8/15/2006 $ 182.63 $ 222.31 $ 727.11 $ 367.96 $ 1,500.00
Interest $ 18.19 $ 22.15 $ 78.16 $ 3955 $ 158.05
Total as of 8/1512006 $ 2,090.52 $ 2,544.68 $ 8,328.77 $ 4,214.80 $17,178.77
Payment 9/1512006 $ 182.54 $ 222.19 $ 727.24 $ 368.02 $ 1,500.00
Interest $ 16.87 $ 2053 $ 72.51 $ 36.69 $ 146.60
T olal as of 9115/2006 $ 1,924.85 $ 2,343.02 $ "1,674.03 $ 3,883.47 $15,825.37
Payment 10/15/2006 $ 182.45 $ 222.08 $ "127.38 $ 368.09 $ 1,SOO.00
Interest $ 15.03 $ 18.29 $ 64.65 $ 32.72 $ 130.69
Total as of 1 0/15/2006 $ 1,757.44 $ 2,139.22 $ 7,011.31 $ 3,548.10 $14,456.06
Payment 11/15/2006 $ 182.36 $ 221.97 $ "127.51 $ 368.16 $ 1,500.00
Interest $ 14.18 $ 17.26 $ 61.04 $ 30.89 $ 123.37
Total as of 11/15/2006 $ 1,589.26 $ 1,934.51 $ 6,344.83 $ 3,210.83 $13,079.43
Payment 12/15/2006 $ 182.26 $ 221.86 $ "127.65 $ 368.23 $ 1,500.00
Interest $ 12.41 $ 15.11 $ 53.45 $ 27.05 $ 108.02
Total as of 12115/2006 $ 1,419.41 $ 1,727.76 $ 5,670.63 $ 2,869.65 $11,687.45
Payment 1/15/2007 $ 182.17 $ 221.75 $ 727.78 $ 368.30 $ 1,500.00
Interest $ 11.45 $ 13.94 $ 49.37 $ 24.98 $ 99.74
Total as of 1/15/2007 $ 1,248.69 $ 1,519.96 $ 4,992.22 $ 2,526.33 $10,287.19
Payment 2/15/2007 $ 182.Q7 $ 221.63 $ "127.93 $ 368.37 $ 1,500.00
Interest $ 10.08 $ 12.26 $ 43.46 $ 21.99 $ 87.79
Total as of 2/15/2007 $ 1,076.69 $ 1,310.59 $ 4,307.75 $ 2,179.95 $ 8,874.98
Payment 3/15/2007 $ 181.98 $ 221.51 $ "728.07 $ 368.44 $ 1,500.00
Interest $ 7.85 $ 9.55 $ 33.87 $ 17.14 $ 68.41
Total as of 3115/2007 $ 902.57 $ 1,098.63 $ 3,1l13.55 $ 1,828.64 $ 7,443.39
Payment 4/1512007 $ 181.89 $ 221.40 $ 728.21 $ 368.51 $ 1,500.00
Interest $ 7.28 $ 8.86 $ 31.46 $ 15.92 $ 63.52
Total as of 4/15/2007 $ 727.96 $ 886.09 $ 2,916.80 $ 1,476.05 $ 6,006.91
Payment 5/15/2007 $ 181.78 $ 221.27 $ 728.36 $ 368.59 $ 1,500.00
Interest $ 5.68 $ 6.92 $ 24.57 $ 12.44 $ 49.61
Total as of 5/15/2007 $ 551.86 $ 671.75 $ 2,213.01 $ 1,11991 $ 4,556.52
Payment 6/15/2007 $ 181.67 $ 221.14 $ 728.52 $ 368.67 $ 1,500.00
Interest $ 4.45 $ 5.42 $ 19.27 $ 9.75 $ 38.89
Total as of 6/1512007 $ 374.64 $ 456.03 $ 1,503.76 $ 760.98 $ 3,095.41
Payment 8/15/2007 $ 181.55 $ 220.99 $ 728.71 $ 368.76 $ 1,500.00
Interest $ 5.95 $ 7.24 $ 25.76 $ 13.04 $ 51.99
T olal as of 8115/2007 $ 199.04 $ 242.28 $ 800.82 $ 405.26 $ 1,647.40
Payment 9/15/2007 $ 181.23 $ 220.60 $ 729.16 $ 369.00 $ 1,500.00
Interest $ 1.61 $ 1.95 $ 6.97 $ 3.53 $ 14.06
Total as of 9/15/2007 $ 19.42 $ 23.63 $ 78.62 $ 39.79 $ 161.46
Payment 10/15/2007 $ 19.58 $ 23.82 $ 79.27 $ 40.12 $ 162.79
Interest $ 0.15 $ 0.18 $ 0.66 $ 0.34 $ 1.33
Total as of 10/15/2007 $ (0.01) $ (0.01) $ 0.01 $ 0.01 $ (0.00)
NOTE: Payments received after the due date will increase the interest cost over the life of the loan and payments made
before the due dates will reduce the interest cost over the life of the loan.
Page 2 of 2
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF Q,-,-,~b~\"--,,,J-
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ss:
On this, the ::i. '-1l,\" day of S", n.. n ~ 'l ' 2005, b€:fore me, a Notary Public the
~ders~ned officer, personally appeared ;:)qu-c...... t:::, (I \: n< ~ ,the 'V,c.",~~~;,^'t-"'4-
,,~,~ r-n \ \.., v of Harsco GasselV, known to me (or satisfactorily proven) to be the person
whose name is subscribed to the within instrument and acknowledged that he/she executed the
same for the purposes therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
c~~Cl~~~~
Notary Public
Nolanal Seal
Karen A. Mahoney, Notary Public
Mechanicsburg Bora, Cumbenand County
My Commission Expires May 28. 2006
Membw Ppnnsvlv;'1ni", A",o;m3tirm Of Notaries
STATE OF CALIFORNIA
COUNTY OF 5/?'f,;--{P2-
On this, the.;;JJ day of :J~ ' 200~ before me, a Notary Public,
the un<tersigned officer, personally appeared ? w- IN. I~.k( , the
~~ ' of Cassco, LLP, known to me (or satisfactorily proven) to be the person
whose name is subscribed to the within instrument and acknowledged that he/she executed the
same for the purposes therein contained.
ss:
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
C'
o G-
" /( "
otary Public
5
CERTIFICATE OF SERVICE
I, Carol Masich secretary to John W. Purcell, Jr., Attorney for the Plaintiff, hereby
certify that a true and correct copy of the Agreement for Judgment by Consent was served
on the Defendant by forwarding said copy to its attorneys of record at the following
addresses, by first class U.S. Mail on January 26, 2005:
Miles J. Dolinger, Esquire
149 Josephine Street, Suite A
Santa Cruz, CA 95060
Norman M. Yaffe, Esquire
Yaffe & Yaffe, P.C.
215 Senate Avnue, Suite 203
Camp Hill, PA 17011
C~~~
Carol Masich, ecretary to
JOHN W. PURCELL, JR.
LD. NO. 29955
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HARSCO GASSERV,
Plaintiff
vs.
: IN THE COURT OF COMMON PLEAS
: CUMBERLAND COUNTY, PENNSYLVANIA
: CIVIL ACTION-LAW
: NO. 04-4438 CIVIL TERM
CASSCO, LLP,
Defendant
AGREEMENT FOR JUDGMENT BY CONSENT
AND NOW, comes the parties, Harsco GasServ, a division of Harsco
Corporation, Plaintiff, and the Defendant Cassco, LLP, who enter into the following
Agreement for the entry of an Judgment by Consent as follows:
1. On or about September 1, 2004, the Plaintiff instituted a law suit in the Court
of Common Pleas of Cumberland County, Pennsylvania, to the above term and
number.
2. Plaintiff Harsco GasServ is a division of Harsco Corporation and is a creditor
of the Defendant Cassco, LLP, pursuant to a series of commercial notes as more
specifically set forth in the Complaint, all of which were made the basis of the law suit
and are incorporated herein by reference.
,p
1
3. The Defendant Cassco, LLP is presently in default on its payments, and are
indebted to the Plaintiff in a total amount of $42,419.84, which amount represents the
unpaid balance on the notes, plus accrued interest, as of January 15, 2005, as more
particularly set forth in the attached Exhibit "A".
4. Both parties agree that judgment in the full amount of $42,419.84, plus
continuing interest at the contract rate from January 15, 2005, plus costs, shall be
entered by the Court immediately, and that the sum agreed upon does not exceed the
amount of the Defendant's liability.
5. Defendant shall make payments on the judgment and amount due as set
forth in the schedule attached as Exhibit "B". Provided that all payments are timely
made, Plaintiff shall not exercise its rights to execution on the judgment. Plaintiff
represents that it has bought back the notes from Wachovia Bank, and all payments
made hereunder by Defendant shall be made directly to Plaintiff. Plaintiff may make
prepayments on principal at any time without penalty.
6. The Defendant acknowledges and agrees to the entry of a judgment against it
in the above amount, and that by doing so, it is waiving all rights to due process
including further notice, and further hearing on the matter.
~
2
7. Plaintiff acknowledges that it has consulted with counsel regarding the claim
made by Plaintiff in the above captioned matter, the likelihood of success in defending
the claim on the merits, the right of the Defendant to obtain judgment against the
Defendant by consent, and the enforceability of the judgment in both Pennsylvania and
California.
8. Defendant consents to both the subject matter and in personam jurisdiction
of the Courts of the Commonwealth of Pennsylvania and further waives its right to a jury
trial on the Plaintiff's claim.
9. This Agreement shall be interpreted under the laws of the Commonwealth of
Pennsylvania, however, the Defendant agrees that should the Plaintiff need to seek
enforcement of the judgment in the state of California, that the Defendant waives all
objections to California jurisdiction for enforcement of the same under the Sister State
and Foreign Money Judgments Act of 1974, and applicable California case law, and
agrees that the state of California may give full faith and credit to the judgment entered
in Pennsylvania as if it was obtained in California.
10. Both parties consent to the entry of the Judgment by the Court in the form
attached to this agreement, and hereby stipulate to the same.
3
IN WITNESS WHEREOF, the parties hereunto have set their hands and seals
this
&v day of .::s ~
\
.2005.
WITNESS:
JOUffl
HA~GASSERV .
BY .Q7 _ .J
CA~O LLP
BY ~~ Wr
c- ',,-, f dl<~
4
Cassco Notes Due
First Union Bank--....-_
Balance Due
Interest Net of Payments
Note # Rate 1/15/2005
Open $
67 9.500% $ 2,778.42
83 9.500% $ 3,315.41
109 10.250% $ 13,188.15
125 10.250% $ 7,778.52
Total $ 27,060.50
Note # Oa\e 67 83 109 125 Tolal
Interest Rate 9.50% 9.50% 10.25% 10.25%
Buyback $ 1 0/6/2002 $ 2,747.00 $ 3,419.00 $ 8,120.00 $ 2,882.00 $17,168.00
Payment 1/20/2003 $ 32.00 $ 39.83 $ 94.59 $ 33.57 $ 200.00
Inlerest $ 75.79 $ 94.33 $ 241.71 $ 85.79 $ 497.62
Total as of 1/20/2003 $ 2,790.79 $ 3.473.50 $ 8,267.12 $ 2,934.22 $17,465.62
Payment 2/6/2003 $ 31.96 $ 39.78 $ 94.67 $ 33.60 $ 200.00
Interest $ 12.35 $ 15.37 $ 39.47 $ 14.01 $ 81.20
Total as of 2/612003 $ 2,771.18 $ 3,449.09 $ 8,211.92 $ 2,914.63 $17,346.82
Payment 2/25/2003 $ 31.95 $ 39.77 $ "50 $ 33.60 $ 200.00
Interest $ 13.70 $ 17.06 $ 43.82 $ 15.55 $ 90.13
Total as of 2/25/2003 $ 2,752.93 $ 3,426.39 $ 8,161.06 $ 2,896.57 $17,236.95
Payment 2/27/2003 $ 31.94- $ 39.76 $ 94.69 $ 33.61 $ 200.00
Interest $ 1.43 $ 1.78 $ 4.58 $ 1.63 $ 9.42
Total as of 2/27/2003 $ 2,722.42 $ 3,388.41 $ 8,070.95 $ 2,864.59 $17,046.37
Payment 311812003 $ 31.94 $ 39.76 $ 94.69 $ 33.61 $ 200.00
Interest $ 13.46 $ 16.76 $ 43.06 $ 15.28 $ 88.56
T alai as of 3/18/2003 $ 2,703.94 $ 3,365.42 $ 8,019.31 $ 2,846.26 $16,934.93
Payment 4/15/2003 $ 63.87 $ 79.49 $ 189.41 $ 67.23 $ 400.00
Interest $ 19.71 $ 24.53 $ 63.06 $ 22.38 $ 129.68
Total as of 4/15/2Q03 $ 2,659.78 $ 3,310.46 $ 7,892.96 $ 2,801.42 $16,664.61
Payment 5/6/2003 $ 31.92 $ 39.73 $ 94.73 $ 33.62 $ 200.00
Inlerest $ 14.54 $ 18.09 $ 46.55 $ 16.52 $ 95.70
Total as of 5/6/2003 $ 2,642.40 $ 3,288.82 $ 7,844.78 $ 2,784.31 $16,560.31
Payment 5/27/2003 $ 63.82 $ 79.44 $ 189.48 $ 67.25 $ 400.00
Interest $ 14.44 $ 17.98 $ 46.26 $ 16.42 $ 95.10
Total as of 5/27/2003 $ 2,593.01 $ 3,227.36 $ 7,701.56 $ 2.733.48 $16,255.41
Payment 7/25/2003 $ 63.81 $ 79.42 $ 189.51 $ 67.26 $ 400.00
Interest $ 39.62 $ 49.56 $ 127.60 $ 45.29 $ 262.27
Tolalas of 7/25/2003 $ 2,569.03 $ 3,197.50 $ 7,639.64 $ 2,711.51 $16,117.66
Payment 9/4/2003 $ 31.88 $ 39.68 $ 94.80 $ 33.65 $ 200.00
Interest $ 27.41 $ 34.12 $ 87.96 $ 31.22 $ 180.71
Total as of 9/4/2003 $ 2,564.56 $ 3,191.94 $ 7,632.80 $ 2,709,08 $16,098.39
Payment 9/10/2003 $ 31.86 $ 39.66 $ 94.83 $ 33.66 $ 200.00
Interest $ 4.00 $ 4.98 $ 12.86 $ 456 $ 26.40
Total as of 9/10/2003 $ 2,536.70 $ 3,157.27 $ 7,550.84 $ 2,679,99 $15,924,79
Payment 10/23f2oo3 $ 31.86 $ 39.65 $ 94.83 $ 33.66 $ 200.00
Interest $ 28.39 $ 35.34 $ 91.18 $ 32.36 $ 187.27
Total as of 10/23/2003 $ 2,533.23 $ 3,152.96 $ 7,547.19 $ 2,678,69 $15,912.06
Payment 1012312003 $ 63.68 $ 79.26 $ 189.72 $ 67.34 $ 400.00
Interest $ $ $ $ $
Total as of 10/23/2003 $ 2,469.55 $ 3,073.70 $ 7,357.46 $ 2,611.35 $15,512.06
Payment 11/25/2003 $ 31.84 $ 39.63 $ 94.86 $ 33,67 $ 200.00
Interest $ 21.21 $ 26.40 $ 68.18 $ 24,20 $ 139.99
Total as of 11/25/2003 $ 2,458.92 $ 3,060.47 $ 7,330.78 $ 2,601,88 $15,452.05
Payment 12/4/2003 $ 15.91 $ 19.81 $ 47.44 $ 16,84 $ 100.00
Interest $ 5,76 $ 7.17 $ 18.53 $ 6.58 $ 38.04
T ota\ as of 1214/2003 $ 2,448.77 $ 3,047.83 $ 7,301.87 $ 2,591,62 $15,390.09
Payment 1/29/2004 $ 63.65 $ 79.22 $ 189.78 $ 67.36 $ 400.00
Interest $ 35.69 $ 44.42 $ 114.83 $ 40,76 $ 235.70
Total as of 1/29/2004 $ 2,420.81 $ 3,013.04 $ 7,226.92 $ 2,565.02 $15,225.79
Payment 3/2/2004 $ 63.60 $ 79.16 $ 189.86 $ 67.39 $ 400.00
Interest $ 20.79 $ 25.88 $ 66.97 $ 23.77 $ 137.41
Tota[ as of 3/2/2004 $ 2,378.00 $ 2,959.76 $ 7,104.03 $ 2,521.41 $14,963.20
Payment 4/29/2004 $ 63.57 $ 79,12 $ 189.91 $ 67.40 $ 400.00
Interest $ 35.90 $ 4460 $ 115.71 $ 41.07 $ 237.36
Tota[asof 4/29/2004 $ 2,350.33 $ 2,925.32 $ 7,029,83 $ 2,495.08 $14,800.56
Payment 6/14/2004 $ 79.40 $ 98.82 $ 237.49 $ S4.29 $ 500.00
Interest $ 28.14 $ 35.02 $ 90.81 $ 32.23 $ 186.20
TotaJ as of 6/14/2004 $ 2,299.07 $ 2,861.51 $ 6,883.16 $ 2,443.02 $14,486.76
Payment 8115f2004 $ $ $ $ $
Interest $ 37.10 $ 46.18 $ 119.84 $ 42,54 $ 245.66
Total as of 8115f2004 $ 2,336.17 $ 2,907.69 $ 7,003.00 $ 2,485.56 $14.732,42
Payment 911S12004 $ $ $ $ $
Interest $ 18.85 $ 23.46 $ 60.96 $ 21.64 $ 124.91
Total as of 9/15/2004 $ 2,355.02 $ 2,931.15 $ 7,06'3.96 $ 2,507.20 $14,857.33
Payment 10/15/2004 $ $ $ $ $
Interest $ 18.39 $ 22.89 $ 59.51 $ 21.12 $ 121.91
Totat as of 1011512004 $ 2,'37'3.41 $ 2,954_04 $ 7,123.47 $ 2,528.32 $14,979.24
Payment 11/15/2004 $ $ $ $ $
Interest $ 19.15 $ 23.83 $ 62.01 $ 22.01 $ 127.00
Totalaso-f 11/15/2004 $ 2,392.56 $ 2,977.87 $ 7,185.48 $ 2,550.33 $15,106.24
Payment 12/15/2004 $ $ $ $ $
Interest $ 18.68 $ 23.25 $ 60,54 $ 21.49 $ 123.96
"Total as of 12/15/2004 $ 2,411.24 $ 3,001.12 $ 7,246.02 $ 2,571.82 $15,230.20
Payment 1/15/2005 $ $ $ $ $
Interest $ 19A6 $ 24.21 $ 63.08 $ 22.39 $ 129.14
Tota[asof 1/15/2005 $ 2,430.70 $ 3,025.33 $ 7,309.10 $ 2,594,21 $15,359,34
Ba[ance Due as of 1/15(05 $ 5,209.12 $ 6,340.74 $20,497.25 $ 10,372.73 $42,419.84
:: ('-\, ,\:J', \- A'
Cassco Notes Due
Note # Date 67 83 109 125 Total
Interest Rate 9.50% 9.50% 10.25% 10.25%
Beginning Balance 1/15/2005 $ 5,209.12 $ 6,340.74 $20,497.25 $ 10,372.73 $42,419.84
Payment 1/15/2005 $ 184.20 $ 224.21 $ 724.80 $ 366.79 $ 1,500.00
Interest $ $ $ $ $
Total as of 1/15/2005 $ 5,024.92 $ 6,116.53 $19,772.45 $ 10,005.94 $40,919.84
Payment 2/15/2005 $ 184.20 $ 224.21 $ 724.80 $ 366.79 $ 1,500.00
Interest $ 40.54 $ 49.35 $ 172.13 $ 87.11 $ 349.13
Total as of 2/15/2005 $ 4,881.26 $ 5,941.66 $19,219.78 $ 9,726.26 $39,768.97
Payment 3/15/2005 $ 184.11 $ 224.11 $ 724.93 $ 366.85 $ 1,500.00
Interest $ 35.57 $ 43.30 $ 151.13 $ 76.48 $ 306.48
Total as of 3/15/2005 $ 4,732.72 $ 5,760.86 $18,645.98 $ 9,435.89 $ 38,575.45
Payment 4/15/2005 $ 184.03 $ 224.01 $ 725.05 $ 366.91 $ 1,500.00
Interest $ 38.19 $ 46.48 $ 162.32 $ 82.14 $ 329.13
Total as of 4/15/2005 $ 4,586.88 $ 5,583.33 $18,083.26 $ 9,151.12 $ 37,404.58
Payment 5/15/2005 $ 183.94 $ 223.90 $ 725.18 $ 366.98 $ 1,500.00
Interest $ 35.82 $ 43.60 $ 152.35 $ 77.10 $ 308.87
Total as of 5/15/2005 $ 4,438.76 $ 5,403.02 $17,510.43 $ 8,861.24 $ 36,213.45
Payment 6/15/2005 $ 183.86 $ 223.80 $ 725.30 $ 367.04 $ 1,500.00
Interest $ 35.81 $ 43.59 $ 152.44 $ 77.14 $ 308.98
Total as of 6/15/2005 $ 4,290.71 $ 5,222.81 $16,937.57 $ 8,571.34 $35,022.43
Payment 7/15/2005 $ 183.77 $ 223.69 $ 725.43 $ 367.11 $ 1,500.00
Interest $ 33.50 $ 40.78 $ 142.69 $ 72.21 $ 289.18
Total as of 7/15/2005 $ 4,140.44 $ 5,039.90 $16,354.83 $ 8,276.44 $33,811.61
Payment 8/15/2005 $ 183.68 $ 223.59 $ 725.56 $ 367.17 $ 1,500.00
Interest $ 33.41 $ 40.66 $ 142.38 $ 72.05 $ 288.50
Total as of 8/15/2005 $ 3,990.17 $ 4,856.98 $15,771.65 $ 7,981.32 $32,600.11
Payment 9/15/2005 $ 183.60 $ 223.48 $ 725.69 $ 367.24 $ 1,500.00
Interest $ 32.19 $ 39.19 $ 137.30 $ 69.48 $ 278.16
Total as of 9/15/2005 $ 3,838.76 $ 4,672.69 $15,183.27 $ 7,683.56 $31,378.27
Payment 10/15/2005 $ 183.51 $ 223.37 $ 725.82 $ 367.30 $ 1,500.00
Interest $ 29.97 $ 36.49 $ 127.91 $ 64.73 $ 259.10
Total as of 10/15/2005 $ 3,685.22 $ 4,485.80 $14,585.36 $ 7,380.99 $ 30, 137.37
Payment 11/15/2005 $ 183.42 $ 223.27 $ 725.94 $ 367.37 $ 1,500.00
Interest $ 29.73 $ 36.19 $ 126.97 $ 64.26 $ 257.15
Total as of 11/15/2005 $ 3,531.53 $ 4,298.73 $13,986.38 $ 7,077.88 $28,894.52
Payment 12/15/2005 $ 183.33 $ 223.16 $ 726.07 $ 367.43 $ 1,500.00
Interest $ 27.57 $ 33.57 $ 117.83 $ 59.63 $ 238.60
Total as of 12/15/2005 $ 3,375.77 $ 4,109.14 $13,378.14 $ 6,770.08 $27,633.12
Payment 1/15/2006 $ 183.25 $ 223.05 $ 726.20 $ 367.50 $ 1,500.00
Interest $ 27.24 $ 33.15 $ 116.46 $ 58.94 $ 235.79
Total as of 1/15/2006 $ 3,219.76 $ 3,919.23 $12,768.40 $ 6,461.52 $26,368.91
Payment 2/15/2006 $ 183.16 $ 222.95 $ 726.33 $ 367.56 $ 1,500.00
Interest $ 25.98 $ 31.62 $ 111.16 $ 56.25 $ 225.01
Total as of 2/15/2006 $ 3,062.59 $ 3,727.90 $12,153.23 $ 6,150.20 $25,093.92
Payment 3/15/2006 $ 183.07 $ 222.84 $ 726.46 $ 367.63 $ 1,500.00
Interest $ 22.32 $ 27.17 $ 95.56 $ 48.36 $ 193.41
Total as of 3/15/2006 $ 2,901.84 $ 3,532.24 $11,522.32 $ 5,830.93 $23,787.33
Payment 4/15/2006 $ 182.99 $ 222.74 $ 726.58 $ 367.69 $ 1,500.00
Interest $ 23.41 $ 28.50 $ 100.31 $ 50.76 $ 202.98
Total as of 4/15/2006 $ 2,742.26 $ 3,338.00 $10,896.05 $ 5,514.00 $22,490.31
Payment 5/15/2006 $ 182.90 $ 222.63 $ 726.72 $ 367.76 $ 1,500.00
Interest $ 21.41 $ 26.06 $ 91.80 $ 46.45 $ 185.72
Total as of 5/15/2006 $ 2,580.78 $ 3,141.43 $10,261.13 $ 5,192.69 $21,176.03
Payment 6/15/2006 $ 182.81 $ 222.52 $ 726.85 $ 367.82 $ 1,500.00
Interest $ 20.82 $ 25.35 $ 89.33 $ 45.20 $ 180.70
Total as of 611512006 $ 2,418.79 $ 2,944.26 $ 9,623.62 $ 4,870.07 $19,856.73
,- (.
Page 1 of2 SXYl~) ,1 ~
Cassco Notes Due
Note # Date 67 83 109 125 Total
Interest Rate 9.50% 9.50% 10.25% 10.25%
Payment 7/15/2006 $ 182.72 $ 222.41 $ 726.98 $ 367.89 $ 1,500.00
Interest $ 18.89 $ 22.99 $ 81.08 $ 41.03 $ 163.99
Total as of 7/15/2006 $ 2,254.96 $ 2,744.83 $ 8,977.72 $ 4,543.21 $18,520.72
Payment 8/15/2006 $ 182.63 $ 222.31 $ 727.11 $ 367.96 $ 1,500.00
Interest $ 18.19 $ 22.15 $ 78.16 $ 39.55 $ 158.05
Total as of 8/15/2006 $ 2,090.52 $ 2,544.68 $ 8,328.77 $ 4,214.80 $17,178.77
Payment 9/15/2006 $ 182.54 $ 222.19 $ 727.24 $ 368.02 $ 1,500.00
Interest $ 16.87 $ 20.53 $ 72.51 $ 36.69 $ 146.60
Total as of 9/15/2006 $ 1,924.85 $ 2,343.02 $ 7,674.03 $ 3,883.47 $15,825.37
Payment 10/15/2006 $ 182.45 $ 222.08 $ 727.38 $ 368.09 $ 1,500.00
Interest $ 15.03 $ 18.29 $ 64.65 $ 32.72 $ 130.69
Total as of 10/15/2006 $ 1,757.44 $ 2,139.22 $ 7,011.31 $ 3,548.10 $14,456.06
Payment 11/15/2006 $ 182.36 $ 221.97 $ 727.51 $ 368.16 $ 1,500.00
Interest $ 14.18 $ 17.26 $ 61.04 $ 30.89 $ 123.37
Total as of 11/15/2006 $ 1,58926 $ 1,934.51 $ 6,344.83 $ 3,210.83 $13,079.43
Payment 12/15/2006 $ 182.26 $ 221.86 $ 727.65 $ 368.23 $ 1,500.00
Interest $ 12.41 $ 15.11 $ 53.45 $ 27.05 $ 108.02
Total as of 12/15/2006 $ 1,419.41 $ 1,727.76 $ 5,670.63 $ 2,869.65 $11,687.45
Payment 1/15/2007 $ 182.17 $ 221.75 $ 727.78 $ 368.30 $ 1,500.00
Interest $ 11.45 $ 13.94 $ 49.37 $ 24.98 $ 99.74
Total as of 1/15/2007 $ 1,248.69 $ 1,519.96 $ 4,992.22 $ 2,526.33 $10,287.19
Payment 2/15/2007 $ 182.07 $ 221.63 $ 727.93 $ 368.37 $ 1,500.00
Interest $ 10.08 $ 12.26 $ 43.46 $ 21.99 $ 87.79
Total as of 2/15/2007 $ 1,076.69 $ 1,310.59 $ 4,307.75 $ 2,179.95 $ 8,874.98
Payment 3/15/2007 $ 181.98 $ 221.51 $ 728.07 $ 368.44 $ 1,500.00
Interest $ 7.85 $ 9.55 $ 33.87 $ 17.14 $ 68.41
Total as of 3/15/2007 $ 902.57 $ 1,098.63 $ 3,613.55 $ 1,828.64 $ 7,443.39
Payment 4/15/2007 $ 181.89 $ 221.40 $ 728.21 $ 368.51 $ 1,500.00
Interest $ 7.28 $ 8.86 $ 31.46 $ 15.92 $ 63.52
Total as of 4/15/2007 $ 727.96 $ 886.09 $ 2,916.80 $ 1,476.05 $ 6,006.91
Payment 5/15/2007 $ 181.78 $ 221.27 $ 728.36 $ 368.59 $ 1,500.00
Interest $ 5.68 $ 6.92 $ 24.57 $ 12.44 $ 49.61
Total as of 5/15/2007 $ 551.86 $ 671.75 $ 2,213.01 $ 1,119.91 $ 4,556.52
Payment 6/15/2007 $ 181.67 $ 221.14 $ 728.52 $ 368.67 $ 1,500.00
Interest $ 4.45 $ 5.42 $ 1927 $ 9.75 $ 38.89
Total as of 6/15/2007 $ 374.64 $ 456.03 $ 1,503.76 $ 760.98 $ 3,095.41
Payment 8/15/2007 $ 181.55 $ 220.99 $ 728.71 $ 368.76 $ 1,500.00
Interest $ 5.95 $ 7.24 $ 25.76 $ 13.04 $ 51.99
Total as of 8/15/2007 $ 199.04 $ 242.28 $ 800.82 $ 405.26 $ 1,647.40
Payment 9/15/2007 $ 18123 $ 220.60 $ 729.16 $ 369.00 $ 1,500.00
Interest $ 1.61 $ 1.95 $ 6.97 $ 3.53 $ 14.06
Total as of 9/1512007 $ 19.42 $ 23.63 $ 78.62 $ 39.79 $ 161.46
Payment 10/1512007 $ 19.58 $ 23.82 $ 79.27 $ 40.12 $ 162.79
Interest $ 0.15 $ 0.18 $ 0.66 $ 0.34 $ 1.33
Total as of 10/15/2007 $ (0.01) $ (0.01) $ 0.01 $ 0.01 $ (0.00)
NOTE: Payments received after the due date will increase the interest cost over the life of the loan and payments made
before the due dates will reduce the interest cost over the life of the loan.
Page 2 of 2
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF Q,-,-,~b",--,""\(,.X',J,
ss:
.on this, the ::l.L\\\"'dayof:\" ~'^ c, .)' ,2005, before me, a Notary Public the .
(fders'Ened officer, personally appeared ;-l """~... t;:. C' \, ~.~ ,the V, L<.-7",-,< \cA"-"..( -
,"~ l-n \ \.., -r of Harsco Gasserv, known to me (or satisfactorily proven) to be the person
whose name is subscribed to the within instrument and acknowledged that he/she executed the
same for the purposes therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
~~u.~~~~
Notary Public
Notarial Seal
Karen A. Mahoney, Notary PlIblK:
Mechanicsburg Bora. Cumberland County
My Commission Expires May 28, 2006
MembAr Ppnno:;vlv;cmi", Ass('lri::;tilln Of Notaries
STATE OF CALIFORNIA
COUNTY OF 5./J'1lr(}t2-
On this, the.:JJ day of :::)(MA.~ ,2005, before me, a Notary Public,
the unctersigned officer, personally appeared ~ f. L..r w. ~...t1 , the
~~ . of Cassco, LLP, known to me (or satisfactorily proven) to be the person
whose name is subscribed to the within instrument and acknowledged that he/she executed the
same for the purposes therein contained.
ss:
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
~'
'. < c:-.-
otary Public
, ~ ;:~ - - - ~ _ ~........ ~ o~_v,-,.:
'i.('i,\!~~~. TAEHOON KIM ;
Uf~'1~-h~'{' COMM. # 149?Gl!O :~:
(")~'i~'f1I>':;\~.:~~:-.':.-" NOTARY PUB UC-CAI.i'-C!R.;,qJ"\~."
~ <~~..j'?f1~ SJ\NTA CRUZ COi.!:':TY r
~'-B:.*~ COMM. DP, Mo\Y 4, 2C!)8 -'.
~..........-_~-__~~....,.-.::;rJ;
5
CERTIFICATE OF SERVICE
I, Carol Masich secretary to John W. Purcell, Jr., Attorney for the Plaintiff, hereby
certify that a true and correct copy of the Agreement for Judgment by Consent was served
on the Defendant by forwarding said copy to its attorneys of record at the following
addresses, by first class U.S. Mail on January 26, 2005:
Miles J. Dolinger, Esquire
149 Josephine Street, Suite A
Santa Cruz, CA 95060
Norman M. Yoffe, Esquire
Yoffe & Yoffe, P.C.
215 Senate Avnue, Suite 203
Camp Hill, PA 17011
C~ ry)~~
Carol Masich, ecretary to
JOHN W. PURCELL, JR.
I.D. NO. 29955
I'y
.1f,N ;' e 2==:;f
John W. Purcell, Jr.
I.D.29955
Purcell, Krug & Haller
1 71 9 North Front Street
Harrisburg, PA 17102
(717) 234-4178
jpurcell\a)pkh.com
Plaintiff
: IN THE COURT OF COMMON PLEAS
: CUMBERLAND COUNTY, PENNSYLVANIA
HARSCO GASSEV,
vs.
CASSCO, LLP,
: CIVIL ACTION-LAW
: NO. 04-4438 CIVIL TERM
Defendant
ORDER OF COURT
AND NOW, this ~ day of
Fe.b.
, 2005, upon consideration of
the foregoing Agreement for Judgment by Consent, Judgment is hereby entered in favor
of the Plaintiff and against the Defendant in the amount of $42,419.84, plus continuing
interest at the contract rate from January 15,2005, and cost of suit.
BY THE COURT,
~u~
r