EXHIBIT 10.5
StarPak, Inc.
000 00xx Xxxxxx
Xxxxxxx, XX 00000
$1,111,844.17 Greeley, Colorado
December 29, 1995
For value received, the undersigned, StarPak, Inc., a Colorado corporation
(the "Borrower"), hereby promises to pay on January 31, 1997, to the order of
General Communications, Inc. (the "Lender"), at its main office in Denver,
Colorado, in lawful money of the United States of America and in immediately
available funds, the principal sum of $1,111,844.17, or, if less, the
aggregate unpaid principal amount of all advances made by the Lender to the
Borrower hereunder, together with interest on the principal amount hereunder
remaining unpaid from time to time at the rate in effect under StarPak's line
of credit loan with Norwest Business Credit, Inc. This Note may be prepaid
without penalty.
STARPAK, INC.
By: /s/ XXXXXXX X. XXXXXX
-----------------------------
Xxxxxxx X. Xxxxxx, President
Handwritten on face of note:
Paid in full 4-22-96
/s/ X X Xxxxxxxxxx Xx
