NOOF » Topics » NOTE 9 — COMMITMENTS

This excerpt taken from the NOOF 10-Q filed Feb 7, 2007.

NOTE 9 — COMMITMENTS

Employment Contracts

During the quarter ended December 31, 2006, the Company entered into non-cancelable employment contracts with certain key employees. One employment contract expires in March 2008 and all other employment contracts expire in March 2009.

Future minimum payments under these contracts as of December 31, 2006 are as follows (in thousands):

              Year Ended
March 31,

  Employment
Contracts

              2007          $ 595  
              2008            2,197  
              2009            1,968  
              
 
              Total payments          $ 4,760  
              
 
This excerpt taken from the NOOF 10-Q filed Nov 9, 2006.

NOTE 10 — COMMITMENTS

Employment Contracts

During the quarter ended September 30, 2006, the Company entered into non-cancelable employment contracts with certain key employees. The employment contracts expire in March 2009.

Future minimum payments under these contracts as of September 30, 2006 are as follows (in thousands):

              Year Ended
March 31,

  Employment
Contracts

              2007          $ 289  
              2008            579  
              2009            579  
              
 
              Total payments          $ 1,447  
              
 
This excerpt taken from the NOOF 10-Q filed Feb 9, 2006.

NOTE 9 — COMMITMENTS

During the quarter ended September 30, 2005, the Company renegotiated their transponder agreement with a third party. The agreement begins January 2006 and expires in December 2010.

Future minimum payments under this contract as of December 31, 2005 are as follows (in thousands):

                         Year Ended
March 31,

  Transponder Agreement

                        

2006

         $ 138  
                        

2007

           554  
                        

2008

           554  
                        

2009

           554  
                        

2010

           554  
                        

2011

           415  
                        

          
 
                        

Total Payments

         $ 2,769  
                        

          
 
This excerpt taken from the NOOF 10-Q filed Nov 7, 2005.

NOTE 9 — COMMITMENTS

During the quarter ended September 30, 2005, the Company renegotiated their transponder agreement with a third party. The agreement begins January 2006 and expires in December 2010.

Future minimum payments under this contract as of September 30, 2005 are as follows (in thousands):

                         Year Ended
March 31,

  Transponder Agreement

                        

2006

         $ 138  
                        

2007

           554  
                        

2008

           554  
                        

2009

           554  
                        

2010

           554  
                        

2011

           415  
                        

          
 
                        

Total Payments

         $ 2,769  
                        

          
 

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