09-Deliberate and act on a Resolution approving the PEDC Resolution authorizing the Amended Promissory Note and Second Addendum to Security Agreement between Paris Pkg.and Paris Economic Dev. Corp.

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2. NOTWITHSTANDING ANYTHING TO THE CONTRARY, THE SECURITY INTEREST IN THE COLLATERAL EVIDENCED BY THE SECURITY AGREEMENT AS AMENDED BY THIS SECOND ADDENDUM IS SUBORDINATE IN ALL RESPECTS TO (1) THE FIRST PRIORITY SECURITY INTEREST GRANTED TO CAPITAL ONE EVIDENCED BY PROMISSORY NOTE AND SUBORDINATION AGREEMENT DATED JULY 15, 1998 AND TO A LOAN AGREEMENT BY AMEGY NATIONAL BANK AND SUBORDINATION AGREEMENT DATED FEBRUARY 5, 2010. This Second Addendum shall become a binding obligation on the parties upon execution by all parties. By executing this Second Addendum, the parties hereto ratify and confirm all of the other terms, covenants and conditions of the Security Agreement should any provision of this Second Addendum be in conflict with a provision of the Agreement, the Addendum shall prevail. EXECUTED as of the day of . 2010. PARIS PACKAGING, INC. - DEBTOR By: _ Name: Title: Date: PARIS ECONOMIC DEVELOPMEIVT CORPORATION - SECURED PARTY By: _ Name: Title: Date: ra 6.w