2010-069 RES EXTENSION OF NOTE PEDC AND PARIS PACKAGING

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SECOND ADDENDUM TO SECURITY AGREEMENT (CONSUMER GOODS, EQUIPMENT AND FARM PRODUCTS) THE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF LAMAR § This Second Addendum to Security Agreement (Consumer Goods, Equipment and Farm Products), between Paris Packaging, Inc. and Paris Economic Development Corporation (the "Addendum") is made and entered into by and between Paris Packaging, Inc. ("Debtor") and Paris Economic Development Corporation ("Secured Party") and shall be effective upon the date last signed by all parties. This is a second addendum to that certain agreement entitled "Security Agreement (Consumer Goods, Equipment and Farm Products)," by and between the Debtor and the Secured Party, executed as of July 15, 1998 (the "Security Agreement"). 1. The third paragraph of the Security Agreement is hereby amended to read as follows: "This security interest is to secure the payment of an indebtedness owed by Debtor to Secured Party and evidenced by that one certain promissory note, dated July 15, 1998, in the original principal amount of $4,000,000.00 executed by Debtor, as renewed and extended by that one certain Renewal and Extension Promissory IVote dated July 1, 2003, in the principal amount of $3,392,165.54 executed by Debtor and as further amended by that First Amended Renewal and Extension Promissory Note dated July 1, 2010, in the principal amount of $2,073,242.00 executed by Debtor and payable to the order of Secured Party as follows: BEARING INTEREST AT THREE POINT FIFTY-FIVE PERCENT (3.55%) PER ANNUM, WITH 82 MONTHLY PAYMENTS, DUE ON THE FIFTEENTH (15) DAY OF EACH MONTH BEGINNING ON JULY 15, 2010, IN THE AMOUNT OF $28,511.17 AND MONTHLY THEREAFTER WITH THE FINAL MONTHLY PAYMENT OF THE UNPAID BALANCE DUE AND PAYABLE ON APRIL 15, 2017. Providing for acceleration of maturity and for attorney's fees and to secure all renewal and extensions of all or any part of said indebtedness hereby secured." EXHIBIT C