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EXHIBIT 10.58
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STRAIGHT NOTE
$250,000 South El Monte, California August 23, 2000
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For value received, Lee Pharmaceuticals promises to pay Mark DiSalvo or
order, at South El Monte, California the sum of TWO HUNDRED FIFTY THOUSAND
DOLLARS, with interest from August 23, 2000, on unpaid principal at the rate
of twenty (20) per cent per annum; principal is payable monthly, commencing
on September 25, 2000, with monthly principal payments of $10,000. Interest
shall be calculated on the basis of the unpaid principal balance daily, based
on a 365-day year, actual day month and payable monthly. Principal and
interest shall be payable in lawful money of the United States. If action
were instituted on this note, I promise to pay such sum as the Court may fix
as attorney's fees.
August 23, 2000 Ronald G. Lee
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Date Lee Pharmaceuticals - Ronald G. Lee
August 23, 2000 Michael L. Agresti
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Date Lee Pharmaceuticals - Michael L. Agresti
