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<br /> This Addendum shall become a binding obligation on the parties upon execution by all <br />parties. By executing this Addendum, the parties hereto ratify and confirm all of the other terms, <br />covenants and conditions of the Security Agreement. Should any provision of this Addendum be <br />in conflict with a proVision of the Agreement, the Addendum shall prevail. <br /> <br />Executed as of the __ day of ,2003. <br /> <br />PARIS PACKAGING, INC. <br /> <br />By: <br /> Debtor <br /> <br />PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> <br />By: <br /> Secured Party <br /> <br /> <br /> <br />Resolution No. 2003-004, approving and authorizing the execution of a <br />development contract with Paris Packaging, Inc., extending the terms and <br />conditions of the original development contract dated July 15, 1998; making <br />other findings and.provisions related to the subject, was presented. A motion <br />was made by Director Wa!l, seconded by Director Severson, for approval of the <br />resolution. The motion carried unanimously. <br /> <br /> <br />