7/19/04 - CASHOUT AGREEMENT FOR ABILITY TO PAY. SETTLING PARTY: WEST DRUM COMPANY. SETTLING PARTY AGREES TO PAY THE PRINCIPAL SUM OF $4,500, PLUS AN ADDITIONAL SUM FOR INTEREST. PAYMENT SHALL BE MADE IN MONTHLY INSTALLMENTS. THE FIRST PAYMENT OF $189.99 SHALL BE DUE ON SEPTEMBER 6, 2004. SUBSEQUENT PAYMENTS OF $189.99 SHALL BE DUE ON THE 6TH OF EACH MONTH THEREAFTER UNTIL ALL PAYMENTS HAVE BEEN MADE.