RESIDUAL PAYMENT BALANCE

RESIDUAL PAYMENT BALANCE. The difference between $11,500,000 and the aggregate amount paid by January 31, 2003 (the "RESIDUAL PAYMENT BALANCE"), and the Residual Payment Balance shall accrue interest at a rate of twenty percent (20%) per annum beginning as of February 1, 2003, which Residual Payment Balance and all accrued interest shall be due and payable upon the Maturity Date.