PK Ventures, Inc. and Subsidiaries, et al. - Page 106

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                                                          Outstanding                 
                                             Interest  Principal Balance              
                Lender       Maturity Date     Rate      as of 12/31/89               
            First Fidelity   Jan. 16, 1990    12.00%        $125,000                  
            MGFP             Mar. 31, 1990     10.00        328,500                   
          PKVI LP entered into the $125,000 loan agreement with First                 
          Fidelity on or before October 16, 1989.                                     
               PKVI LP also had the same loan agreements outstanding with             
          Liberty Life on December 31, 1989, as it did on December 31,                
          1988.  The outstanding principal balances of PKVI LP’s loan                 
          agreements with Liberty Life totaled $1,778,241 as of                       
          December 31, 1989; $1,652,584 of this amount was treated as                 
          long-term debt on PKVI LP’s audited financial statements for the            
          year ended December 31, 1989, and the balance was treated as a              
          current liability.                                                          
               The outstanding principal balances of the transfers                    
          associated with the agreements described in the preceding two               
          paragraphs totaled $2,231,741 as of December 31, 1989.  Of this             
          amount, $579,157 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, 1989, and as           
          “Mortgages, notes, and bonds payable in less than 1 year” on the            
          Schedule L attached to PKVI LP’s Form 1065 for 1989.  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, 1989, and as           





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