- 37 - FOR VALUE RECEIVED, * * * [Cap Corp.], hereby promises to pay on or before November 30, 1996 to the order of * * * [petitioner] all principal and interest outstanding according to the attached Schedule A under this note. 1. This note (the “Note”) shall bear interest from the date hereof on the principal amount of the Note outstanding from time to time, at the rate per annum (on the basis of a 365-day year for the actual number of days involved) of 10%. 2. This Note shall be governed by and constructed in accordance with the laws of the State of California. Sometime on or after November 30, 1996, Koehler signed a document entitled “Schedule A” acknowledging that petitioner had transferred funds to Cap Corp. that it was to repay. The Schedule A contained the following: Interest Principal Interest Total Date Loans Accrued Balance Balance Balance 1-1-95 -- -- $858,990.87 -- $858,990.87 1-31-95 -- $7,295.54 858,990.87 $7,295.54 866,286.41 2-28-95 -- 6,824.86 858.990.87 14,120.40 873,111.27 3-31-95 -- 7,530.88 858,990.87 21,651.28 880,642.15 4-30-95 ($360,000.00) 7,295.54 498,990.87 28,946.82 527,937.69 5-31-95 196,425.65 4,374.71 695,416.52 33,321.53 728,738.05 6-30-95 (136,412.00) 5,906.28 559,004.52 39,227.81 598,232.33 7-31-95 5,168.00 4,900.86 564,172.52 44,128.67 608,301.19 8-31-95 (97,422.00) 4,946.17 466,750.52 49,074.84 515,825.36 9-30-95 174,405.00 3,964.18 641,155.52 53,039.02 694,194.54 10-31-95 150,000.00 5,621.09 791,155.52 58,660.11 849,815.63 11-30-95 289,436.76 6,719.40 1,080,592.28 65,379.51 1,145,971.79 12-31-95 40,000.00 9,473.69 1,120,592.28 74,853.20 1,195,445.48 1-31-96 135,000.00 9,824.37 1,255,592.28 84,677.57 1,340,269.85 2-29-96 86,000.00 10,319.94 1,341,592.28 94,977.51 1,436,589.79 3-31-96 40,000.00 11,761.90 1,381,592.28 106,759.41 1,488,351.69 4-30-96 169,000.00 11,734.07 1,550,592.28 118,493.48 1,669,085.76 5-31-96 72,000.00 13,594.23 1,622,592.28 132,087.72 1,754,680.00 6-30-96 141,100.00 13,780.92 1,763,692.28 145,868.64 1,909,560.92 7-31-96 181,000.00 15,462.51 1,944.692.28 161,331.15 2,106,023.43 8-31-96 -- 17,049.36 1,944,692.28 178,380.50 2,123,072.78 9-30-96 138,926.00 16,516.56 2,083,618.28 194,897.07 2,278,515.35 10-31-96 208,000.00 18,267.34 2,291,618.28 213,164.41 2,504,782.69 11-30-96 235,657.46 19,463.06 2,527,275.74 232,627.46 2,759,903.20Page: Previous 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 Next
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