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Microcap & Penny Stocks : CSHK CASHCO MANAGEMENT Y2K -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (3910)	6/5/1998 8:31:00 PM
From: ISOMAN	Read Replies (2) \| Respond to of 7491

Eleventh Hour assumed the note from Cashco

To: Janice Shell who wrote (3910)	6/5/1998 9:37:00 PM
From: John Chapman	Respond to of 7491

Janice: OK now I see in the May 18,1998 release what you want to know. If I may paraphrase in Texan terms, you want to know who Merced owed the $250,000 to before Cashco agreed to assume the note. You want to know what the licensing agreement has to do with that debt. I have added your question to my list. I think the answer to your second question is that the way I understand the May 18 release is that if Merced does not live up to its end of the deal ( provide the software or the rights to copy the software) under the licensing agreement then the note reverts to Merced's account. Is that what you asked?