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Technology Stocks : Destiny Software (DSNY) -- Ignore unavailable to you. Want to Upgrade?

To: diddlysquatz who wrote (62)	12/17/1999 6:44:00 PM
From: CIMA	Read Replies (1) \| Respond to of 369

Long-term debt Due to Canadian Film Development Corp. The loan payable, to a maximum amount of $160,725, is non-interest bearing and is repayable in twelve monthly instalments of $13,394 commencing September 30, 2001 $ 125,544 Due to Canadian Film Development Corp. The loan payable, to a maximum amount of $75,000 is the earlier of the first day of production work of a final version for marketing purposes or the sale transfer or other disposition of the production. As the date of repayment is not determinable, the entire balance has been classified as long-term 70,000 Loan payable These funds were received in exchange for a 5.0% equity position in one of the Company's games. The value of this interest is indeterminable at this time 11,515 Loan payable Amount is non-interest bearing, with no fixed repayment terms. The balance is not to be paid in the next twelve months and accordingly has been classified as long-term 23,030 ----------------------------------------------------------------------------------- ---------------- 230,089 Less current portion (11,515) ----------------------------------------------------------------------------------- ---------------- $ 218,574 ----------------------------------------------------------------------------------- ---------------- DESTINY SOFTWARE PRODUCTIONS INC. Notes to Consolidated Financial Statements, ContinuedYear ended August 31, 1999 (Expressed in Canadian Dollars) -------------------------------------------------------------------------------- 6. Long-term debt, continued Principal repayments over the next five years are as follows: 2000 $ 11,515 2001 70,000 2002 125,544 2003 - 2004 - Thereafter 23,030 ------------------------------------------------------------- $ 230,089 -------------------------------------------------------------