Exhibit 4.12
▇▇▇▇▇ & ▇▇▇▇▇ COMPANY
▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
May 9, 2003
Kojaian Funding, L.L.C.
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Re: $4,000,000 Loan ("Loan") from Kojaian Funding, L.L.C.
("Lender") to ▇▇▇▇▇ & ▇▇▇▇▇ Company ("Borrower") pursuant to a
certain letter agreement dated May 7, 2003 between Lender and
Borrower ("Agreement").
Ladies and Gentlemen,
The undersigned warrants that on today's date it will remit to Lender
$40,000.00, constituting the fee for the Loan pursuant to the Agreement, in
immediately available funds via overnight delivery courier. The undersigned
further warrants that it will immediately remit to Lender those amounts
constituting Lender's reasonable legal fees and other costs in connection with
the Loan upon Lender's presentation of statements representing those fees and
costs.
▇▇▇▇▇ & ▇▇▇▇▇ COMPANY
By:
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Its:
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