3/4/02 - Cashout Agreement for Ability to Pay Peripheral Parties. Paga Chemicals, Inc., is the only Settling Party. Paga Chemicals to pay $40,000 in two installment payments -- first payment of $26,000 due within 15 days of effective date of Agreement (8/20/02); Second payment of $14,000 due no later than five months from the effective date of agreement.