Document:

Exhibit 10.3 to Nature Vision, Inc. Form 8-K dated February 5, 2007

Exhibit 10.3 

COLLECTION AGREEMENT

This Agreement is made as of February 5, 2007, by and between Nature Vision, Inc., a Minnesota corporation (“Seller”) and New Vad, LLC, a Minnesota limited liability company, (“Buyer”).

Recitals

A.           Seller and Buyer are parties to that certain Asset Purchase Agreement dated of even date herewith (the “Purchase Agreement”), pursuant to which Seller is selling to Buyer certain assets and Buyer is assuming from Seller certain liabilities, as specified in the Purchase Agreement relating to Seller’s Vaddio business line. 

B.           Pursuant to the terms of the Purchase Agreement, Seller is retaining title to the Vaddio accounts receivable derived from shipments made prior to February 5, 2007 (the “Closing Date”). Seller desires to engage Buyer and Buyer has agreed to be engaged to receive and transmit to Seller payments made from customers on the Vaddio accounts receivable on the terms and conditions set forth herein.

Agreement

1.             Processing Payments. The Buyer shall process a check, money order or other payment instrument (the “Instrument”) tendered in payment for the sale of Vaddio products or services in the following manner: 

(a)          Where the Instrument is in the amount of a specific purchase order(s) or invoice(s) relating solely to the sale of Vaddio products or services sold or provided prior to the Closing Date, including but not limited to those receivables listed on Schedule A attached hereto and incorporated by reference (the “Seller’s Receivable”), Buyer will not deposit or negotiate the Instrument, but rather will send written notification by fax or email on the day received of the receipt of such payment to Seller and forward the Instrument to Seller by UPS or FedEx ground (as specified by Seller) on Friday of each week. The Instrument will be endorsed payable to the Seller. Buyer will maintain a record of the Instruments being forward
to Seller, and maintain a record showing the remaining balances of Seller’s Receivables after crediting these Instruments and provide such record to the Seller at Seller’s request.

(b)          Where the Instrument is in an amount that represents a payment for both a Seller’s Receivable and a payment for Vaddio products or services sold or provided after  the Closing Date (the “Buyer’s Receivable”), the Buyer will:

(i)           on the day received, send written notification by fax or email of the receipt of such payment to Seller which shall include a statement of the total amount of the payment received and of the allocation of the amounts due to Seller and due to Buyer respectively;

(ii)          deposit the Instrument in Buyer’s bank account in the ordinary course of business; and 

(iii)        remit to Seller by UPS or FedEx ground (as specified by Seller), on Friday of each week, the amount due to Seller as specified in the allocation statement in Section 1(b)(i) above.

(c)          If an Instrument under Section 1(b) above, or correspondence or invoice attached thereto, does not explicitly state for which products or invoices the payment is intended, the funds from such Instrument will be allocated first to Seller until that Seller’s Receivable is paid in full, and the balance if any to Buyer’s Receivable.

(d)          In the event that a customer tenders payment under Sections 1(a) or 1(b) in an amount which is less than the full amount of such customer’s receivable, the funds from such Instrument will be allocated first to Seller until that Seller’s Receivable is paid in full, and the balance if any to Buyer’s Receivable.

2.             Grant of Authority to Deposit Instruments. Seller hereby grants to Buyer the right and authority to endorse and deposit on its behalf those Instruments described in Section 1(b) above. 

3.             Representation and Warranty  Buyer represents and warrants to Seller that Schedule A includes all orders for Vaddio products or services which customers placed in the ordinary course of business on or before the date hereof.

4.             Inspection of Books and Records. Notwithstanding Seller’s acceptance of periodic payments from Buyer with regard to those Instruments negotiated by Buyer on Seller’s behalf, Seller shall have 30 days following the final payment from Buyer to make a claim for adjustment by reason of errors or omissions from a payment or the allocation of payments. If no such claim for adjustment is timely made, such accounting and receipt of such payment shall be deemed final and satisfied in full. The Seller or its designated representatives may, upon request, periodically inspect the books and records of Buyer during regular business hours for the purpose of verifying the accuracy of the processing of the Seller’s Receivables and the payments relating thereto. 

5.             No Commission. There shall be no commission payable to Buyer for the processing of Seller’s Receivables. 

6.             No Collection or Enforcement Action. Buyer’s obligations under this agreement are limited to processing payments received from Seller’s customers. Buyer shall have no right or obligation to take collection action or enforce Seller’s rights to receive payment with regard to any of Seller’s Receivables. 

7.             No Adjustment of Amounts Due. Seller does not authorize Buyer and Buyer does not undertake to adjust the amount due or otherwise resolve any dispute between the Seller and its customer(s) with regard to Seller’s Receivables or the goods and services relating thereto.  

8.             Customer Contact. In the event of a breach by Buyer under this Agreement which has not been cured by Buyer within ten (10) days’ notice to Buyer of such breach, Seller is authorized to contact all customers which have outstanding Seller’s Receivables to notify such customers to forward all payments directly to Seller.

 

2

9.             Expiration; Disposition of Remaining Inventory on Expiration. This Agreement shall remain in full force and effect until 11:59 p.m. on June 5, 2007; or until all of Seller’s Receivables are collected in their entirety, whichever occurs first. If any of Seller’s Receivables remain unpaid as of June 5, 2007, Buyer must purchase such remaining Seller’s Receivables at their face value and make payment to Seller on June 10, 2007. Upon receiving payment for the remaining Seller’s Receivables, Seller shall execute all documents reasonably necessary to transfer and assign to Buyer all of Seller’s rights with regard to such remaining Seller’s Receivables.

10.           Security Interest. To protect Seller’s rights with respect to Seller’s Receivable (in the event Buyer is deemed to hold title to any of the Seller’s Receivable), Buyer hereby grants Seller a security interest in all right, title and interest of Buyer in and to the Seller’s Receivable. together with all substitutions and replacements and proceeds thereof. In no event shall the foregoing grant by Buyer of a security interest be deemed to abrogate Seller’s ownership interest in the Seller’s Receivable.

11.           Entire Agreement. This Agreement and any schedules or attachments hereto and the Purchase Agreement constitute the entire agreement between the Parties with respect to the subject matter of this Agreement and supersede any prior understandings, agreements or representations by or between the Parties, written or oral, to the extent they related in any way to the subject matter of this Agreement. The Buyer and Seller agree that the remedies and limitations setforth in Section 5 of the Purchase Agreement do not apply to this Agreement.

12.           Notices. Any notice, offer, request, demand, claim or other communication provided for by this Agreement must be in writing and will be deemed given or delivered when delivered by hand, transmitted by facsimile or email or three days after the day when deposited in the United States mail, certified or registered, return receipt requested, postage prepaid and properly addressed to the intended recipient as set forth below. Any such notice or other communication sent electronically shall be considered to be “in writing” provided it is in a standardized format that is easily downloaded and printed through commonly used software (such as Word, Excel, or Adobe). 

If to Seller: 

Nature Vision, Inc.

1480 Northern Pacific Rd

PO Box 641

Brainerd, MN 56401

Attn: Michael R. Day, CFO

Fax:  (218) 825-0721

E-mail:  mday@naturevisioninc.com

 

3

	
             
 	
            with a copy, which does not constitute notice to:
 

Gray, Plant, Mooty, Mooty & Bennett, P.A.

500 IDS Center

80 South Eighth Street

Minneapolis, MN  55402

Attn:  J.C. Anderson, Esq.

	
             
 	
            Fax:  
 	
            (612) 632-4444
 

E-mail:  jc.anderson@gpmlaw.com

	
             
 	
            If to Buyer:
 

New Vad, LLC

4800 Quebec Avenue North

Minneapolis, MN  55428

Attn:  Rob Sheeley

Fax: 763-537-2852

E-mail: rsheeley@vaddio.com

 

	
             
 	
            with a copy, which does not constitute notice to:
 

James P. Michels

Rice, Michels & Walther, LLP

10 Second Street NE, Suite 206

Minneapolis, MN 55413

E-mail:  jmichels@ricemichels.com

Any Party may send any notice, request, demand, claim or other communication to the intended recipient at the address set forth above using any other means, but no such notice, request, demand, claim or other communication will be deemed to have been duly given unless and until it actually is received by the intended recipient. 

13.           Governing Law; Consent to Jurisdiction. This Agreement will be governed by and construed in accordance with the domestic laws of the State of Minnesota without giving effect to any choice or conflict of law provision or rule. Each of the Parties submits to the jurisdiction of any state or federal court sitting in Hennepin County, Minnesota, in any action or proceeding arising out of or relating to this Agreement and agrees that all claims in respect of the action or proceeding may be heard and determined there. Each Party also agrees not to bring any action or proceeding arising out of or relating to this Agreement in any other court. Each of the Parties waives any defense of inconvenient forum to the maintenance of any action or proceeding so brought and waives any bond,
surety or other security that might be required of any other Party. Each Party agrees that a final judgment in any action or proceeding so brought will be conclusive and may be enforced by suit on the judgment or in any other manner provided by law or in equity. The prevailing party in any action to enforce this Agreement is entitled to be paid its reasonable attorneys fees and costs by the other party.  

 

4

14.           Amendments and Waivers. No amendment of any provision of this Agreement will be valid unless the same is in writing and signed by the Parties. No waiver by any Party of any default, misrepresentation or breach of warranty or covenant under this Agreement, whether intentional or not, will be deemed to extend to any prior or subsequent default, misrepresentation or breach of warranty or covenant under this Agreement or under any of the other agreements collateral hereto. 

15.           Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction will not affect the validity or enforceability of the remaining terms and provisions of this Agreement or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction.

16.           Injunctive Relief. It is hereby understood and agreed that damages may be an inadequate remedy in the event of a breach by Buyer of this Agreement and that any such breach by Buyer would cause Seller significant and irreparable injury and damage. Accordingly, Buyer agrees that Seller shall be entitled, without waiving any additional rights or remedies otherwise available to Seller at law or in equity, to injunctive and other equitable relief in the event of a breach or intended or threatened breach by Buyer of this Agreement.

[SIGNATURE PAGE(S) FOLLOWS]

 

5

The Parties have executed this Collection Agreement as of the date first above written.

	 	SELLER:
NATURE VISION, INC  
	 
	    	By    	/s/   Michael R. Day 
	    	   Its 	Chief Financial Officer 
	 
	 
	 	BUYER:
NEW VAD, LLC  
	 
	    	By    	/s/   Robin Sheeley 
	    	   Its 	President
	 
	 

6SECOND LOAN RESTRUCTURE AGREEMENT

 

This SECOND LOAN RESTRUCTURE AGREEMENT between the parties (this "Agreement") is made and entered into this 5th day of February 2007 by and between Siena Technologies, Inc., formerly known as Network Installation Corp., a Nevada corporation (“Siena”), and its subsidiary Kelley Communication Company, Inc., a Nevada corporation (“Kelley”)(collectively referred to as the “Company”), and Dutchess Private Equities Fund Ltd., is successor in interest to Dutchess Private Equities Fund LP and Dutchess Private Equities Fund II LP, and Dutchess Advisors Ltd. (collectively referred to as “Dutchess”)(the Company and Dutchess are sometimes hereinafter collectively referred to as the “Parties”).

RECITALS

A.            The Company and Dutchess have entered into numerous agreements as set forth in the Loan Restructure Agreement entered into by the Company and Dutchess on August 1, 2006.  

B.            Except as set forth herein, the Parties intend that the Loan Restructure Agreement will remain in full force and effect and the parties agreed to abide by its terms.  Nothing herein shall be read to limit the rights of the Parties to enforce the provisions of the Loan Restructure Agreement.

C.            As of December 31, 2006, the Company was indebted to Dutchess in the principal amount of $6,179,960 plus accrued interest. 

D.          The Company and Dutchess wish to restructure the Company’s obligations to Dutchess under the Loan Restructure Agreement as follows.  

COVENANTS

1.             Revised Payment Terms.  The payment terms of the New Note, as defined and referred to in the Loan Restructure Agreement, are hereby amended and restructured and the Company shall repay the indebtedness evidenced by the New Note according to the amortization schedule attached hereto as Exhibit “A.”  Dutchess shall attach a copy of Exhibit A to the New Note as evidence of this Agreement.  This provision shall be construed to modify Exhibit A of the New Note, attached to the Loan Restructure Agreement, and no other provision thereof.  Except as set forth in this Agreement, the Parties intend the Loan Restructure Agreement will remain in full force and effect and the parties agreed to abide by its terms.  Nothing herein shall be read to
limit the rights of the Parties to enforce the provisions of the Loan Restructure Agreement.

2.             Payment by the Company of the Bank Debts.  As set forth in the Loan Restructure Agreement, the New Note did not and does not release the Company’s obligation to retire the bank debt.  Therefore, the Company shall continue to pay the bank debts in accordance with the terms and conditions of the agreements in place with the holders of the bank debts that evidence and/or provide for the securing and payment of the bank debts; and the Company will use its best efforts to assist Dutchess to secure the proportionate release of the deposits (as defined by the Loan Restructure Agreement) on a quarterly basis with each bank.  The Company will not extend the payment terms of the agreements with the banks beyond September 20, 2010, unless the
Company obtains prior written approval from Dutchess.  This provision shall be construed to modify section 2 of the Loan Restructure Agreement, and no other provision thereof.

3.             Future Recapitalization.  Dutchess agrees that the Company, upon such terms as the directors of the Company acting in accordance with applicable law, regulations and bylaws, deem reasonable, may borrow money from third parties however as incident to such borrowing may not grant either subordinate liens against or subordinate security interests in any of the assets of the Company that are subject to Dutchess’ liens or security interests without Dutchess’ prior written consent, provided however that such consent shall not be unreasonably withheld and shall be withheld only to the extent reasonably necessary to protect Dutchess’ collateral position. This provision shall be construed to modify section 4 of the Loan Restructure
Agreement, and no other provision thereof.  

4.             Prepayment from Future Recapitalization.  If, prior to the Company’s full payment and satisfaction of the New Note, the Company borrows funds from a lender(s) or investor(s) other than Dutchess or raises capital from the sale of stock of  the Company  from  a person(s) or entity(s) other than Dutchess, either in one event or in multiple events, and once the aggregate proceeds of such future loans or future investments exceed $4,000,000, then within 10 days after receipt of such proceeds, the Company shall pay to Dutchess a minimum of 50% of the excess of the proceeds over $4,000,000, up to the unpaid balance of the New Note, as a principal prepayment of the New Note.  The Parties acknowledge that to date, the Company has raised a total of
$2,157,000.00 which shall be applied to the $4,000,000 amount set forth in this section.  This provision shall be construed to modify section 5 of the Loan Restructure Agreement, and no other provision thereof.

5.             Sale of the Company’s Assets.  The Company shall not sell any assets of the Company (“Asset Sale”) other than (i) the cable assets owned by the Company at Tuscany, a residential community located in Henderson, Nevada (the “Tuscany Asset”), (ii) sales of inventory, or (iii) sales in the ordinary course of its business (including sales as part of the replacement of equipment), without the prior written consent of Dutchess, which consent shall not be unreasonably withheld and shall be withheld only to the extent reasonably necessary to assure the full and timely payment of the New Note.  In the event of an Asset Sale, other than a sale described in (i), (ii) or (iii), the Company shall pay to Dutchess 33% of the proceeds
of the Asset Sale (after the fees and expenses associated with the Asset Sale), up to the unpaid balance of the New Note, as a prepayment on the New Note.  Any payment of the proceeds of an Asset Sale shall be due and payable within ten business days after the receipt by the Company of any proceeds in the form of cash or cash equivalents. This provision shall be construed to modify section 7 of the Loan Restructure Agreement, and no other provision thereof.

	
             
 	
            6.
 	
            Dutchess Waivers.  Dutchess hereby waives:
 

	
             
 	
            6.1
 	
            Any default under the Loan Documents and/or the Intercreditor Agreement that occurred prior to the date of this Agreement.
 

	
             
 	
            6.2
 	
            Any penalty or premium that has accrued under the Loan Documents and/or the Intercreditor Agreement prior to the date of this Agreement.
 

	
             
 	
            6.3
 	
            Any obligation to register any securities of the Company imposed under the Loan Documents and/or the Intercreditor Agreement that arose prior to the date of this Agreement.
 

	
             
 	
            6.4
 	
            Any default under the Loan Restructure Agreement entered into by the Company and Dutchess effective June 30, 2006 that may have occurred prior to the date of this Agreement.
 

7.            Confidentiality.  In addition to the confidentiality obligations imposed under Section 13 of the Loan Restructure Agreement, the parties agree that, other than with respect to disclosures required by law, neither party shall disseminate a public press release regarding the terms of this Agreement.

8.            Notices.  All communications required or permitted under this Agreement shall be made in accordance with section 14 of the Loan Restructure Agreement.

9.             Choice of Law.  This Agreement shall be governed by and construed in accordance with the internal laws of the state of Nevada, without respect to any choice of law provisions of that state.

10.          Binding Effect.  This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.  No assignment by either party to this Agreement, or their successors or assigns, shall relieve either party (or any successor or assign) of any of its obligations under this Agreement.

11.          Counterparts.  This Agreement may be executed in any number of counterparts, which taken together shall constitute one and the same instrument and each of which shall be considered an original for all purposes.

12.          Expenses.  Each party hereto will bear and pay its own expenses of negotiating and consummating the transactions contemplated by this Agreement

13.          Section Headings.  The section headings contained in this Agreement are for convenient reference only and shall not in any way affect the meaning or interpretation of this Agreement.

14.          Effective Date.  This Agreement shall be effective as of December 31, 2006.  Dutchess takes no position with respect to the Company’s tax and accounting treatment of the restructuring under this Agreement.

15.          Mutual Release of Claims.  In consideration of the benefits and obligations of this Agreement and as an inducement to the Parties to enter hereunto, the Parties collectively, and their present and former insurers, officers, directors, shareholders, employees, agents, subsidiaries, parents, affiliates, predecessors, successors and assigns hereby remise, release and forever discharge each other, and their present and former insurers, officers, directors, shareholders, employees, agents, subsidiaries, parents, affiliates, predecessors, successors and assigns from any and all liabilities, claims, causes of action, debts, demands, suits and obligations whether known or unknown, from the beginning of the world to the date of the present.  The Parties understand that
this provision operates as a general, mutual release of claims running to the date of this Agreement.  Each of the Parties acknowledges that releases set forth in this Agreement are a material inducement for each Party’s execution of this Agreement, but for the releases, the Parties would not enter into this Agreement.  Notwithstanding the foregoing, nothing in this paragraph shall be construed to limit or release the rights and obligations of the Parties under this Agreement, the Loan Restructure Agreement (or any rights, obligations or agreements referenced therein), the Warrant Exchange Agreement dated March 10, 2006 (or any rights, obligations or agreements referenced therein) or any other rights of the Parties going forward.

	
             
 	
            SIENA TECHNOLOGIES, INC.
 

/s/ Jeffrey R. Hultman

By: Jeffrey R. Hultman, CEO

 

	
             
 	
            KELLEY COMMUNICATION CO., INC.
 

/s/ J. Michael Kelley

By: J. Michael Kelley

 

	
             
 	
            DUTCHESS PRIVATE EQUITIES FUND LTD.
 

	
             
 	
            /s/ Douglas Leighton
 

	
             
 	
            By: Douglas Leighton
 

 

 

DUTCHESS ADVISORS LTD.

	
             
 	
            /s/ Michael Novielli
 

	
             
 	
            By: Michael Novielli
 

	
            EXHIBIT A
 
	
             
 	
             
 	
             
 	
             
 
	
            Network Installation Corporation
 
	
            Note Payable - Dutchess
 
	
            As of January 30, 2007
 
	
             
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
            Interest
 	
             
 
	
             
 	
             
 	
            Rate
 	
            Principal
 
	
            Date/Payment Number
 	
            Payment
 	
            7.00%
 	
            Balance
 
	
             
 	
             
 	
             
 	
            6,254,960.00 
 
	
            August 1, 2006
 	
            15,000.00 
 	
            0.00 
 	
            6,239,960.00 
 
	
            September 1, 2006
 	
            15,000.00 
 	
            0.00 
 	
            6,224,960.00 
 
	
            October 1, 2006
 	
            15,000.00 
 	
            36,312.27 
 	
            6,246,272.27 
 
	
            November 1, 2006
 	
            15,000.00 
 	
            36,436.59 
 	
            6,267,708.85 
 
	
            December 1, 2006
 	
            15,000.00 
 	
            36,561.63 
 	
            6,289,270.49 
 
	
            December 31, 2006
 	
            0.00 
 	
            36,687.41 
 	
            6,325,957.90 
 
	
            January 12, 2007
 	
            25,000.00 
 	
            13,018.11 
 	
            6,313,976.01 
 
	
            February 1, 2007
 	
            25,000.00 
 	
            23,762.28 
 	
            6,312,738.29 
 
	
            March 1, 2007
 	
            25,000.00 
 	
            36,824.31 
 	
            6,324,562.60 
 
	
            April 1, 2007
 	
            25,000.00 
 	
            36,893.28 
 	
            6,336,455.88 
 
	
            May 1, 2007
 	
            25,000.00 
 	
            36,962.66 
 	
            6,348,418.54 
 
	
            June 1, 2007
 	
            25,000.00 
 	
            37,032.44 
 	
            6,360,450.98 
 
	
            July 1, 2007
 	
            25,000.00 
 	
            37,102.63 
 	
            6,372,553.61 
 
	
            August 1, 2007
 	
            25,000.00 
 	
            37,173.23 
 	
            6,384,726.84 
 
	
            September 1, 2007
 	
            25,000.00 
 	
            37,244.24 
 	
            6,396,971.08 
 
	
            October 1, 2007
 	
            25,000.00 
 	
            37,315.66 
 	
            6,409,286.74 
 
	
            November 1, 2007
 	
            25,000.00 
 	
            37,387.51 
 	
            6,421,674.25 
 
	
            December 1, 2007
 	
            25,000.00 
 	
            37,459.77 
 	
            6,434,134.02 
 
	
            January 1, 2008
 	
            50,000.00 
 	
            37,532.45 
 	
            6,421,666.46 
 
	
            February 1, 2008
 	
            50,000.00 
 	
            37,459.72 
 	
            6,409,126.19 
 
	
            March 1, 2008
 	
            50,000.00 
 	
            37,386.57 
 	
            6,396,512.76 
 
	
            April 1, 2008
 	
            50,000.00 
 	
            37,312.99 
 	
            6,383,825.75 
 
	
            May 1, 2008
 	
            50,000.00 
 	
            37,238.98 
 	
            6,371,064.73 
 
	
            June 1, 2008
 	
            50,000.00 
 	
            37,164.54 
 	
            6,358,229.27 
 
	
            July 1, 2008
 	
            50,000.00 
 	
            37,089.67 
 	
            6,345,318.94 
 
	
            August 1, 2008
 	
            50,000.00 
 	
            37,014.36 
 	
            6,332,333.31 
 
	
            September 1, 2008
 	
            50,000.00 
 	
            36,938.61 
 	
            6,319,271.92 
 
	
            October 1, 2008
 	
            50,000.00 
 	
            36,862.42 
 	
            6,306,134.34 
 
	
            November 1, 2008
 	
            50,000.00 
 	
            36,785.78 
 	
            6,292,920.12 
 
	
            December 1, 2008
 	
            50,000.00 
 	
            36,708.70 
 	
            6,279,628.82 
 
	
            January 1, 2009
 	
            75,000.00 
 	
            36,631.17 
 	
            6,241,259.99 
 
	
            February 1, 2009
 	
            75,000.00 
 	
            36,407.35 
 	
            6,202,667.34 
 
	
            March 1, 2009
 	
            75,000.00 
 	
            36,182.23 
 	
            6,163,849.56 
 
	
            April 1, 2009
 	
            75,000.00 
 	
            35,955.79 
 	
            6,124,805.35 
 
	
            May 1, 2009
 	
            75,000.00 
 	
            35,728.03 
 	
            6,085,533.38 
 
	
            June 1, 2009
 	
            75,000.00 
 	
            35,498.94 
 	
            6,046,032.33 
 
	
            July 1, 2009
 	
            75,000.00 
 	
            35,268.52 
 	
            6,006,300.85 
 
	
            August 1, 2009
 	
            75,000.00 
 	
            35,036.75 
 	
            5,966,337.61 
 
	
            September 1, 2009
 	
            75,000.00 
 	
            34,803.64 
 	
            5,926,141.24 
 

 

 

	
            October 1, 2009
 	
            75,000.00 
 	
            34,569.16 
 	
            5,885,710.40 
 
	
            November 1, 2009
 	
            75,000.00 
 	
            34,333.31 
 	
            5,845,043.71 
 
	
            December 1, 2009
 	
            75,000.00 
 	
            34,096.09 
 	
            5,804,139.80 
 
	
            January 1, 2010
 	
            100,000.00 
 	
            33,857.48 
 	
            5,737,997.28 
 
	
            February 1, 2010
 	
            100,000.00 
 	
            33,471.65 
 	
            5,671,468.93 
 
	
            March 1, 2010
 	
            100,000.00 
 	
            33,083.57 
 	
            5,604,552.50 
 
	
            April 1, 2010
 	
            100,000.00 
 	
            32,693.22 
 	
            5,537,245.72 
 
	
            May 1, 2010
 	
            100,000.00 
 	
            32,300.60 
 	
            5,469,546.32 
 
	
            June 1, 2010
 	
            100,000.00 
 	
            31,905.69 
 	
            5,401,452.01 
 
	
            July 1, 2010
 	
            100,000.00 
 	
            31,508.47 
 	
            5,332,960.48 
 
	
            August 1, 2010
 	
            100,000.00 
 	
            31,108.94 
 	
            5,264,069.42 
 
	
            September 1, 2010
 	
            100,000.00 
 	
            30,707.07 
 	
            5,194,776.49 
 
	
            October 1, 2010
 	
            100,000.00 
 	
            30,302.86 
 	
            5,125,079.35 
 
	
            November 1, 2010
 	
            100,000.00 
 	
            29,896.30 
 	
            5,054,975.65 
 
	
            December 1, 2010
 	
            100,000.00 
 	
            29,487.36 
 	
            4,984,463.01 
 
	
            January 1, 2011
 	
            125,000.00 
 	
            29,076.03 
 	
            4,888,539.04 
 
	
            February 1, 2011
 	
            125,000.00 
 	
            28,516.48 
 	
            4,792,055.52 
 
	
            March 1, 2011
 	
            125,000.00 
 	
            27,953.66 
 	
            4,695,009.17 
 
	
            April 1, 2011
 	
            125,000.00 
 	
            27,387.55 
 	
            4,597,396.73 
 
	
            May 1, 2011
 	
            125,000.00 
 	
            26,818.15 
 	
            4,499,214.88 
 
	
            June 1, 2011
 	
            125,000.00 
 	
            26,245.42 
 	
            4,400,460.30 
 
	
            July 1, 2011
 	
            125,000.00 
 	
            25,669.35 
 	
            4,301,129.65 
 
	
            August 1, 2011
 	
            125,000.00 
 	
            25,089.92 
 	
            4,201,219.57 
 
	
            September 1, 2011
 	
            125,000.00 
 	
            24,507.11 
 	
            4,100,726.68 
 
	
            October 1, 2011
 	
            125,000.00 
 	
            23,920.91 
 	
            3,999,647.59 
 
	
            November 1, 2011
 	
            125,000.00 
 	
            23,331.28 
 	
            3,897,978.87 
 
	
            December 1, 2011
 	
            125,000.00 
 	
            22,738.21 
 	
            3,795,717.08 
 
	
            January 1, 2012
 	
            3,817,858.76 
 	
            22,141.68 
 	
            0.00 
 
	
             
 	
            8,392,858.76 
 	
            2,137,898.76 
 	
             
 
	
             
 	
             
 	
             
 	
             
 
	
            Total Payments Made in 2006
 	
            75,000.00 
 	
             
 	
             
 
	
            Total Payments Made in 2007
 	
            300,000.00 
 	
             
 	
             
 
	
            Total Payments Made in 2008
 	
            600,000.00 
 	
             
 	
             
 
	
            Total Payments Made in 2009
 	
            900,000.00 
 	
             
 	
             
 
	
            Total Payments Made in 2010
 	
            1,200,000.00 
 	
             
 	
             
 
	
            Total Payments Made in 2011
 	
            1,500,000.00 
 	
             
 	
             
 
	
            Total Payments Made in 2012
 	
            3,817,858.76 
 	
             
 	
             
 
	
            Total
 	
            8,392,858.76

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]