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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (26418)	4/2/1999 8:39:00 AM
From: MaryinRed	Read Replies (2) \| Respond to of 122087

Is this a form of "golden handcuffs" that they slipped quickly on Beeman....who, once he got the lay of the land, perhaps in Nov requested have interest (6.5%) applied..?? according to this..if he were to be terminated...immediate repayment is required....which could be a powerful incentive to "sign or else"... BEEMAN EDWARD A. 11/16/98 10-Q COYOTE NETWORK SYSTEMS INC In July 1998, the Company authorized an interest-free loan to Edward A. Beeman in the amount of $75,000 to be used solely for the purpose of providing a partial down payment on his purchase of a residence in California. The funding is for a five year term unless specifically extended by the Company. Earlier repayment of the loan will be demanded in the event of termination of Mr. Beeman's employment either voluntarily or for cause. This loan was funded in July 1998. In October 1998, the Company amended the terms of the above loans and in agreement with Messrs. Latham and Beeman established an annual interest rate of 6.5% to be applied to the loans and payable at the completion of the term.