EXHIBIT 10(c)
Allonge to Amended and Restated Promissory Note between C.R.I., Inc.
and CRI/AIM Management, Inc.
ALLONGE TO AMENDED AND RESTATED PROMISSORY NOTE
This Allonge is entered into as of June 23, 1995 by and between C.R.I.,
INC., a Delaware corporation ("Maker") and CRI/AIM MANAGEMENT, INC., a Delaware
corporation ("Holder").
RECITALS
A. Maker has delivered to Holder its Amended and Restated Promissory Note
dated March 27, 1995 in the principal sum of $6,000,000 (the "Note").
B. Maker and Holder have agreed to a revised payment schedule with
respect to the Note.
For good and valuable consideration the parties hereto agree as follows:
1. The outstanding principal balance of the Note as of the date hereof is
Five Million Two Thousand One Hundred Eighty-Three Dollars ($5,002,183).
2. Maker shall, on June 30, 1995, pay Holder all interest accrued with
respect to the Note through June 30, 1995.
3. Commencing September 30, 1995, and continuing on the last day of each
calendar quarter through March 31, 2005, Maker shall make quarterly payments to
Holder of (i) principal of One Hundred Twenty-Five Thousand Fifty-Five Dollars
($125,055), and (ii) all interest which has accrued but not yet been paid as of
such last day of the calendar quarter.
4. The entire balance of this Note, including interest, shall be due and
payable in full on June 30, 2005.
5. Except as amended hereby, the parties hereto ratify and confirm the
Note as originally written.
IN WITNESS WHEREOF, the Maker and Holder have entered into this Allonge as
of the day and year first above written.
C.R.I., INC.
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Senior Vice President/Finance
CRI/AIM MANAGEMENT, INC.
By: /s/ H. Xxxxxxx Xxxxxxxxxx
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H. Xxxxxxx Xxxxxxxxxx, President
