specific purpose of this loan is:
FINANCE BUILD OUT OF
QUALITY CONTROL LAB.
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 $750,000.00 as follows:
Amount paid to Borrower directly:
$
750,000.00
$750,000.00 Deposited to Checking Account # 412-913266
Note Principal:
$
750,000.00
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 NOVEMBER 4, 2004.
BORROWER:
NATROL, INC., A DELAWARE CORPORATION
By:
/s/ Elliott Balbert
ELLIOTT BALBERT, President of NATROL, INC., A
DELAWARE CORPORATION
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