The July and October payments of $75,000 each are correct.

The January 15, 2004 payments correctly represent payment via transfer of appreciated stock totaling $99,438. However, the difference between the value of the stock and the scheduled payment of $106,250 was paid by check #2110 dated January 31, 2004 in the amount of $6,812.

In addition, appreciated stock was transferred on March 23, 2004 totaling $100,136.40 and check number 2279 dated March 31, 2004 in the amount of $6,113.60 was processed to fulfil the scheduled payment amount of $106,250.

All checks mentioned here have been properly endorsed and have cleared the bank.