Logo] ANTIGUA INTERNATIONAL TRUST LTD.
Mr. Marc Silverman SportTrac, Inc. 6900 E. Belleview Avenue, Suite 200 Englewood, CO 80111
Re: SportsTrac, Inc. Bridge Loan
Dear Mr. Silverman:
Reference is made to that certain letter agreement (as amended, "Letter Agreement"), by and between the undersigned and SportsTrac, Inc. (the "Company"), pursuant to which the undersigned made a loan of $100,000 to the Company. Notwithstanding anything contained in the Letter Agreement to the contrary, it is agreed that the Note shall be payable on the earlier of (a) December 31, 1996 or (b) the closing of the Company's initial public offering.
As herein amended, the Letter Agreement is confirmed and shall be in full force and effect.
Dated: July 31, 1996
SPORTSTRAC, INC. ULSTER INVESTMENTS
By: /s/ Marc Silverman By: /s/ Roslyn Yearwood - ---------------------- ----------------------- Name: Marc Silverman Name: Roslyn Yearwood Title: President Title: Secretary
For and on behalf of:
ANTIGUA INTERNATIONAL TRUST LTD.
Director
Mr. Marc Silverman SportTrac, Inc. 6900 E. Belleview Avenue, Suite 200 Englewood, CO 80111
Re: SportsTrac, Inc. Bridge Loan
Dear Mr. Silverman:
Reference is made to that certain letter agreement (as amended, "Letter Agreement"), by and between the undersigned and SportsTrac, Inc. (the "Company"), pursuant to which the undersigned made a loan of $65,000 to the Company. Notwithstanding anything contained in the Letter Agreement to the contrary, it is agreed that the Note shall be payable on the earlier of (a) December 31, 1996 or (b) the closing of the Company's initial public offering.
As herein amended, the Letter Agreement is confirmed and shall be in full force and effect.
Dated: July 31, 1996
SPORTSTRAC, INC. THE HOLDING COMPANY
By: /s/ Marc Silverman By: /s/ Burton Kanter - ---------------------- --------------------- Name: Marc Silverman Name: Burton Kanter Title: President Title: President
Mr. Marc Silverman SportTrac, Inc. 6900 E. Belleview Avenue, Suite 200 Englewood, CO 80111
Re: SportsTrac, Inc. Bridge Loan
Dear Mr. Silverman:
Reference is made to that certain letter agreement (as amended, "Letter Agreement"), by and between the undersigned and SportsTrac, Inc. (the "Company"), pursuant to which the undersigned made a loan of $100,000 to the Company. Notwithstanding anything contained in the Letter Agreement to the contrary, it is agreed that the Note shall be payable on the earlier of (a) December 31, 1996 or (b) the closing of the Company's initial public offering.
As herein amended, the Letter Agreement is confirmed and shall be in full force and effect.
Dated: July 31, 1996
SPORTSTRAC, INC. DUNE HOLDINGS, INC.
By: /s/ Marc Silverman By: /s/ Randolph K. Pace - ---------------------- ------------------------ Name: Marc Silverman Name: Randolph K. Pace Title: President Title: President
Mr. Marc Silverman SportTrac, Inc. 6900 E. Belleview Avenue, Suite 200 Englewo ...
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