AMENDMENT TO DEED OF TRUST NOTE
This AMENDMENT TO DEED OF TRUST NOTE ("Amendment") is dated as of March
26, 1998 by and between Xxxxx Xxxx, an individual ("Xx. Xxxx"), and GRC
International, Inc., a Delaware corporation ("GRC").
WHEREAS, Xxxxx and Xxxxxxx X. Xxxx (collectively, "Maker") executed a
Deed of Trust Note dated as of July 9, 1992 in the principal amount of $230,000
("Note") to the order of GRC International, Inc., a Delaware corporation, or its
successors or assigns ("GRC") or any subsequent holder of the Note ("Payee").
NOW THEREFORE IT IS HEREBY AGREED, that on July 1, 1998, GRC will
forgive one half of the outstanding principal amount of the Note, subject to Xx.
Xxxx'x continued compliance with his various agreements through that date. The
remaining one half of the Note will then cease to bear interest, and will be
forgiven on July 1, 1999, subject to GRC's approval based on Xx. Xxxx'x
compliance with his various agreements through that date.
Nothing else is hereby amended.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date first set forth above.
ATTEST: GRC INTERNATIONAL, INC.
By:
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Xxxxxx X. XxXxxx Xxxxxx X. Xxxxxx, Xx.
Sr. Vice President, General Counsel & Sec'y Chairman of the Board
WITNESS EMPLOYEE
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Xxxxx Xxxx
APPROVED AND RATIFIED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF
GRC INTERNATIONAL, INC.
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Xxxxxx X. Xxxxxxxxx
Chairman, Compensation Committee
