PK Ventures, Inc. and Subsidiaries, et al. - Page 105

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               As of December 31, 1988, PKVI LP had the following loan                
          agreements outstanding:                                                     
                                                          Outstanding                 
                                             Interest  Principal Balance              
                Lender       Maturity Date     Rate      as of 12/31/88               
            Daley Corp.      July 1, 1989       --          $3,416                    
            First Fidelity   Jan. 18, 1989    11.50%        75,000                    
            First Fidelity   Jan. 18, 1989     12.00        50,000                    
            Liberty Life     Dec. 1, 1998      10.50        612,365                   
            Liberty Life     Apr. 1, 2001      10.70        800,000                   
            Liberty Life     Aug. 20, 2001     11.35        400,000                   
            MGFP             Mar. 31, 1990     10.00        328,500                   
          As of that date, the outstanding principal balances of the                  
          transfers associated with these agreements totaled $2,269,281.              
               Of this $2,269,281, $193,060 was listed as a current                   
          liability on the Statement of Financial Condition included in               
          PKVI LP’s audited financial statements for the year ended                   
          December 31, 1988, and as “Mortgages, notes, and bonds payable in           
          less than 1 year” on the Schedule L attached to PKVI LP’s                   
          Form 1065 for 1988.  The balance of this amount was listed as a             
          long-term liability on the Statement of Financial Condition                 
          included in PKVI LP’s audited financial statements for the year             
          ended December 31, 1988, and as “Mortgages, notes, and bonds                
          payable in 1 year or more” on the Schedule L attached to                    
          PKVI LP’s Form 1065 for 1988.                                               
               As of December 31, 1989, PKVI LP had the following loan                
          agreements outstanding:                                                     







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