AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS
OF THIS AGREEMENT, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER:
Z-AXIS CORPORATION
By:
/s/
Alan Treibitz
ALAN TREIBITZ, CEO/CFO of Z-AXIS
CORPORATION
By:
/s/
Stephanie S. Kelso
STEPHANIE S. KELSO, President of Z-AXIS CORPORATION
DISBURSEMENT REQUEST AND AUTHORIZATION
Principal
$84,881.80
Loan Date
08-02-2007
Maturity
01-02-2008
Loan No
479195
Call / Coll
Account
Officer
025
Initials
References in the shaded area are for Lender's use only and do not limit the
applicability of this document to any particular loan or item.
Any item above containing "***" has been omitted due to text length limitations.
Borrower:
Z-AXIS CORPORATION
THE QUADRANT - 5445 DTC PARKWAY STE. 450
GREENWOOD VILLAGE, CO 80111
Lender:
COLORADO BUSINESS BANK
DENVER
821 17TH ST.
DENVER, CO 80202
LOAN TYPE. This is a Variable Rate Nondisclosable Loan to a Corporation for
$84,881.80 due on January 2, 2008. The reference rate (based on COLORADO
BUSINESS BANK PRIME RATE) is added to the margin of 1.500%, resulting in an
initial rate of 9.750.
PRIMARY PURPOSE OF LOAN. The primary purpose of this loan is for:
o
Personal, Family, or Household Purposes or Personal Investment.
x Business (Including Real Estate Investment).
SPECIFIC PURPOSE. The specific purpose of this loan is: CHANGE IN TERMS.
DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be
disbursed until all of Lender's conditions for making the loan have been
satisfied. Please disburse the loan proceeds of $84,881.80 as follows:
Other Disbursements:
$ 84,881.80
$84,881.80 EXTEND & MODIFY LOAN #479195 (CURRENT BALANCE)
Note Principal:
$ 84,881.80
CHARGES PAID IN CASH. Borrower has paid or will pay in cash as agreed the
following charges:
Prepaid Finance Charges Paid in Cash:
$ 2,000.00
$2,000.00 LOAN FEE
Other charges Paid in Cash:
$ 15,610.70
$14,881.80 PRINCIPAL PAYDOWN AS OF 8-10-07
$728.90 INTEREST DUE TO 8-2-07
Total Charges Paid in Cash:
$ 17,610.70
AUTHORIZATION. BORROWER AUTHORIZES LENDER TO DISBURSE THE LOAN PROCEEDS BY WIRE
TRANSFER WHERE APPROPRIATE AND THIS AUTHORIZATION SHALL CONSTITUTE A PAYMENT
ORDER FOR SUCH TRANSFERS.
FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND
WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND
THAT THERE HAS BEEN NO MATERIAL ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION
AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO LENDER. THIS
AUTHORIZATION IS DATED AUGUST 2, 2007.
BORROWER:
Z-AXIS CORPORATION
By:
/s/
Alan Treibitz
ALAN TREIBITZ, CEO/CFO of Z-AXIS
CORPORATION
By:
/s/
Stephanie S. Kelso
STEPHANIE S. KELSO, President of Z-AXIS CORPORATION