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Exhibit 99.7
[GRAPHIC] ADELAIDE-TM- ROBOTIC TECHNOLOGIES, INC.
================================================== VENDING DIVISION
A WHOLLY OWNED SUBSIDIARY OF ADELAIDE HOLDINGS, INC.
October 15, 1992
Charles Bitters:
P.O. Box 1186
Mineral Wells, TX 76067
Dear Mr. Bitters:
The agreed cost for the exclusive distributorship of the state of
Texas is $750,000. Below is the total price for the rights and paid
payment schedule.
TOTAL PRICE $750,000.00
DOWN PAYMENT
OCT. 21, 1992 $20,000
DOWN PAYMENT TOTAL 25,000.00
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BALANCE DUE $725,000.00
PAYMENT SCHEDULE
FEBRUARY 1, 1993 $25,000.
JUNE 1, 1993 25,000.
SEPT. 1, 1993 25,000.
DEC. 1, 1993 25,000.
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FIRST YEAR PAYMENT TOTALS 100,000.00
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BALANCE $625,000.00
The balance of payments due in the amount of $625,000. are to be
paid in five annual payments of $125,000.00 beginning February 1,
1994. The last payment being February 1, 1998.
Congratulations on your decision to join this exciting venture.
Please feel free to call me if you have any questions.
Very sincerely yours,
/s/ Martin Balan
Martin Balan
Chairman of the Board
