EXHIBIT 10(i)
LINE OF CREDIT DEMAND NOTE
$2,000,000 September 26, 1995
FOR VALUE RECEIVED, the undersigned, NUCLEAR METALS, INC., a
Massachusetts corporation and CAROLINA METALS, INC., a Delaware corporation
(the "Borrowers"), hereby jointly and severally promise to pay to the order
of STATE STREET BANK AND TRUST COMPANY, an FDIC insured Massachusetts
chartered trust company ("Bank"), in lawful money of the United States of
America in immediately available funds at its office at 000 Xxxxxxxx Xxxxxx,
Xxxxxx, Xxxxxxxxxxxxx 00000, on demand, the principal sum of TWO MILLION
DOLLARS ($2,000,000) or such lesser sum as may from time to time be
outstanding under the terms of that certain letter agreement between the
Borrowers and Bank of even date herewith, as amended, modified, supplemented
and/or restated from time to time (the "Letter Agreement"). Without limiting
the demand nature hereof, this Note is subject to the mandatory repayment
provisions set forth in the Letter Agreement.
The Borrowers promise to pay interest on the unpaid principal balance
hereof at the rates and at the times provided in the Letter Agreement.
This Note shall be governed and construed under the laws of the
Commonwealth of Massachusetts and shall be deemed to be under seal.
NUCLEAR METALS, INC.
WITNESS:
By: /S/ XXXXX X. XXXXXXX
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/s/ Xxxxx X. Xxxxxxxx Name: Xxxxx X. Xxxxxxx
----------------------- Title: V. P. Finance
CAROLINA METALS, INC.
WITNESS:
By: /S/ XXXXX X. XXXXXXX
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/s/ Xxxxx X. Xxxxxxxx Name: Xxxxx X. Xxxxxxx
----------------------- Title: President