CONTRIBUTION NOTEContribution Note • November 14th, 2001 • Ampex Corp /De/ • Radio & tv broadcasting & communications equipment
For value received, Ampex Corporation, a Delaware corporation (the "Obligor"), promises to pay to the order of Hillside Capital Incorporated a Delaware corporation (the "Holder"), the amount of $________ (the "Principal Amount"), together with interest computed at the rate provided for in the Agreement, dated December 1, 1994 but effective as of November 22, 1994 (as the same may be amended from time to time, the "Agreement"), among the Ampex Group, the Limited Hillside Group and the Sherborne (each as defined therein). Principal and the interest payments shall be made in accordance with the provisions of Article II of the Agreement. All such payments of principal and interest shall be made in lawful money of the United States in Federal or other immediately available funds at the office of Holder, 405 Park Avenue, New York, New York 10022.
