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PERMA-FIX
ENVIRONMENTAL SERVICES, INC.
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July 25, 2000
Mr. Gary Dixon
Congress Financial Corporation
777 Brickell Avenue, Suite 808
Miami, FL 33131
Re: RBB Bridge Loan Consent
Dear Gary:
Pursuant to our discussion, we would like to confirm your approval and
consent of the RBB Bank Bridge Loan in the amount of $750,000 as agreed
to on or about July 10, 2000 and subsequently funded on July 14, 2000.
The terms of this short term, six-month, bridge loan, as discussed, are
further documented within the unsecured promissory note, a copy of which
is attached for your file. The purpose of this loan is to provide
interim funding for the capital expansions in Gainesville, Dayton, and
Tulsa during the period until the equity financing is completed (estimated
to be mid to late August). The funds will also be used to assist in the
acquisition of 80% of M&EC, in Oak Ridge, Tennessee, and the successful
execution of the initial phases of the Broad Spectrum DOE contract held
thereby.
Please advise if you have any questions or concerns on the above. If you
are in agreement, please acknowledge your approval and consent on the line
below and return a copy to my attention.
Thank you for your assistance in this matter.
Sincerely,
/s/ Richard T. Kelecy
Richard T. Kelecy
Chief Financial Officer
Approval and Consent:
/s/ Gary Dixon VP
______________________
Gary Dixon
7/31/00
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Date
RTK/sm
cc: Dr. Louis F. Centofanti
Enclosure(s)
1940 N.W. 67TH PLACE * GAINESVILLE, FL 32653 *
TEL. (352) 373-4200 * FAX (352) 373-0040
