EXHIBIT 10.31 February 25, 1999 Mr. Gary Wolfe Managing Director NationsBanc Montgomery Securities, LLC 100 North Tryon Street Charlotte, NC 28255 Dear Mr. Wolfe The Board of Directors of CMI Management, Inc. has approved the termination of the Merger...Merger Agreement • April 1st, 1999 • Cmi Industries Inc • Broadwoven fabric mills, cotton
