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<br />7-21-1998 8:41AM FROM CITY OF PARIS 903 785 8519 <br /> <br /> <br />. It <br /> <br />P.6 <br /> <br />. .... <br /> <br />Paris Economic <br /> <br />Development Corporation <br /> <br /> <br />July 9, 1998 , <br /> <br />Mr. Eldon Fulgham and Mr. David I-Iickcrson <br />Paris Pack()ging, Inc. <br />800 West Center Sf:ree~ <br />Paris, T cxns 75460 <br /> <br />Delivered via facsimile: 800..527-3909 <br /> <br />pear Mr. Fulgham and '~r. I-lickcrson: <br /> <br />Ii <br /> <br />This document is to confirm to you the commilment of the <br />Paris Economic Development Corporation (PEDq to loan Paris <br />Packaging, Inc. $4,000,000.00 for the acquisi~on of the Precision <br />Printing & Packaging, Inc. facility here in Paris, Texas. As you can <br />see from the .aUached PEDC Resolution, PEDC has authorized the <br />issuance of this debt through a local bank C'onsortiuin to assist Paris <br />Packaging, Inc. All loan documcnl:s arc being prepared as soon as <br />possible by J. D. McLaughlin of McLaughlin, I~Iutchison & I-Iunt. <br /> <br />The terms and conditio~ of the note will be detailed in the loan <br />documents. A summary of those conditions arc a $4,000,000.00 loan <br />a~ 4l 7% interest rate ptlid on a 20 year amornzution with a bnlIoon or <br />malurity at five years. <br /> <br />I' wi' <br /> <br />USinCerelr r?urs, <br /> <br />. . <br /> <br />--.'::l. <br />, <br /> <br /> <br /> <br />Curtis Fendley <br />President <br /> <br />, <br /> <br />" <br />.:','t <br />,iI' <br /> <br /> <br />. <br />. <br />, <br />. .' <br />'Ii <br /> <br />EXHIBIT B <br /> <br />" j <br /> <br />1651 Cl:uksvillc Street. P:tris, TCX:lS 75460 <br />(903) 784-2501 . I-HOO~P^RIS, TX ,. fa:< (903) 78~.2503 <br /> <br />. ' <br />