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PROMISSORY NOTE <br /> $225,000.00 Batesville, Arkansas <br /> , 1984 <br /> On or before the dates hereinafter set forth, the undersigned, Omega <br /> Container Batesville, Inc. , promises to pay to the order of the City of <br /> Batesville, Arkansas, for value received, the sum of Two Hundred Twenty- <br /> Five Thousand Dollars and No/100 ($225,000.00) , with interest from the <br /> date until maturity at the rate of six percent (6%) per annum, payable <br /> at Batesville, Arkansas. <br /> This Note is payable as follows: <br /> The City shall advance the total sum of $225,000.00 upon the <br /> presentation by the Company of appropriate documentation. <br /> Interest shall not accrue on any amount not advanced until such <br /> sum is advanced, and the first interest payment shall be adjusted <br /> accordingly. Such first payment of interest only shall be due <br /> April 1 , 1985. The second interest only payment in the amount of <br /> $6,750.00 shall be due October 1 , 1985. Successive semi-annual <br /> payments shall be principal and interest in the amount of $16,359.46 <br /> for the next eighteen (18) payments. <br /> If any one of the above installments is not paid in full within thirty <br /> (30) days after the maturity date of said installment, all the balance <br /> of the entire principal consisting of the remaining installments and the <br /> balance payable at the end of the term of this note shall , at the option <br /> of the holder immediately become due and payable, and the entire principal <br /> thereof shall bear interest at the rate of six percent (6%) per annum <br /> until paid. <br /> The maker of this note hereby waives presentment for payment, notice <br /> of non-payment, protest, and notice of protest and due diligence in forcing <br /> payment hereof, and consents that an extension of time for payment may <br /> be granted without notice. <br /> The maker of this Note further agrees to pay a reasonable attorney's <br /> fee, not to exceed 10°0 of the amount of principal and interest now due, <br /> if this notice is placed in the hands of an attorney for collection. This <br /> Note is given in connection with a certain Loan Agreement and Security <br /> Agreement executed by and between the parties hereto on , <br /> and this Note is secured by a second lien by virtue of a Second Mortgage <br />