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Paris Economic Development Corporation <br /> June 4, 2003 <br /> Page 5 of 5 <br /> <br /> If the terms and conditions of this Commitment Letter are satisfactory, please signify your <br /> acceptance by signing below in the space indicated and return the executed original of this <br /> letter. We look forward to working with you on this and future opportunities. <br /> <br /> Sincerely, <br /> <br /> HIBERNIA NATIONAL BANK <br /> <br /> City President-Paris/Pittsburg <br /> <br /> ACCEPTANCE: The foregoing Commitment is hereby accepted, and the undersigned <br /> agrees to accept the Loan described therein, as of this day <br /> of .,'2003. <br /> <br /> PARIS ECONOMIC DEVELOPMENT CORPORATION ("PEDC") <br /> <br /> Don Wall, President <br /> <br /> , Chairman <br /> <br /> , Secretary/Treasurer <br /> <br />President. Wall called for consideration of and motion on the following <br />resolution: <br /> <br />Resolution No. 2003-007, approving and authorizing the execution of an <br />incentive agreement With C-Tech, Inc. was presented by City Attorney Schenk. <br /> <br />Director Rodney Bass moved that Resolution No. 2003-007 be approved, <br />seconded bY Director Sims Norment. There was no further discussion. Motion <br />carried 5-0. <br /> <br /> <br />