AMENDMENT TO TERM NOTE
This Amendment to Term Note is made as of October 1, 1995, between
VALUE ADDED FOOD SERVICES, INC., a Maryland corporation (the "Maker") and
DUTTERER'S OF MANCHESTER CORPORATION., a Maryland corporation (the "Holder").
RECITALS
The Maker is the maker of a promissory note (the "Note") dated as of
September 3, 1995, payable to the order of the Holder in the original
principal amount of $1,077,821.00 (the "Loan"). The Note evidences
indebtedness incurred by the the Maker to the Holder pursuant to a sale of
certain of the Holder's assets to the Maker, as set forth in the Closing
Agreement dated as of September 3, 1995. The original principal amount of
the Note reflects an estimated purchase price for the assets. The final
purchase price has now been calculated to be $1,154,172.00. The corrected
principal amount of the Note is 90% of the final purchase price, and the
parties desire to amend the Note accordingly, pursuant to Section 1.6 of the
Closing Agreement.
NOW, THEREFORE, the parties hereto agree as follows:
1. The original principal amount of the Note is hereby reduced to
$1,038,755.00.
2. Except as amended herein, the Note remains in full force and
effect.
3. This Amendment to Term Note shall be attached to the Note.
WITNESS the following signatures and seals.
VALUE ADDED FOOD SERVICES, INC.,
a Maryland corporation
By: Xxxxxx X. Mules (SEAL)
Vice President
(Signature)
DUTTERER'S OF MANCHESTER CORP.,
a Maryland corporation
By: Xxxxxx X. Xxxxxx (SEAL)
Authorized Agent
(Signature)
