Attached files
| file | filename |
|---|---|
| 10-K - ALANCO TECHNOLOGIES INC | k1020100630.htm |
| EX-99 - ALANCO TECHNOLOGIES INC | exhibit993.htm |
| EX-99 - ALANCO TECHNOLOGIES INC | exhibit995.htm |
| EX-99 - ALANCO TECHNOLOGIES INC | exhibit992.htm |
| EX-23 - ALANCO TECHNOLOGIES INC | exhibit232.htm |
Exhibit 99.4
The Anderson Family Trust
12000 N. 90th St. #1027
Scottsdale, AZ 85260
October 2, 2010
John A. Carlson
Chief Financial Officer
Alanco Technologies, Inc.
15575 N. 83rd Way, Suite 3
Scottsdale, AZ 85260
We are in receipt of your letter of September 30, 2010 requesting a $300,000 advance under the
Restated Loan Agreement. Please be advised that we believe there is a material impairment of the
prospect of repayment of the Indebtedness when due on January 1, 2011, which constitutes a default
under section 7.d of the Restated Loan Agreement. Therefore, we hereby exercise our right under
section 8.1 b of the Restated Loan Agreement to cease advancing money to Alanco and its subsidiaries
under the Restated Loan Agreement.
_________________________________
Donald E. Anderson, Trustee
_________________________________
Rebecca E. Anderson, Trustee