NOTE$2,610,000 New York, NY November 6, 1998 FOR VALUE RECEIVED, the undersigned, MARK A. BELNICK ("Borrower"), herebypromises to pay to the order of TME MANAGEMENT CORP., a Delaware corporation("Lender"), in lawful money of the United States of America, at its offices at15 Hampshire Street, Mansfield, MA 02048 on November 6, 2013, the principal sumof Two Million Six Hundred Ten Thousand Dollars ($2,610,000). This Note willbear no interest to the date of maturity but thereafter will bear interest atthe rate of one (1) percent per annum over the prime rate as announced by MorganGuaranty Trust Company in effect on the maturity date and from time to timethereafter, or at the legal rate, whichever is greater, as allowed by anddetermined in accordance with applicable law, until fully paid. This Note is made pursuant to and shall be repaid in accordance with theprovisions of that certain Loan Agreement, dated September 4, 1998, by andbetween Lender and Borrower. In the event that Borrower shall fail to make full and timely payment ofthe principal payment hereunder when due, then the entire unpaid principalamount of this Note shall automatically become immediately due and payablewithout demand or notice and Borrower shall pay such further amount as shall besufficient to cover all costs and expenses (including reasonable attorneys'fees) directly or indirectly incurred by Lender in connection with thecollection of this Note. Borrower hereby waives notice of default, notice of acceleration, notice ofprepayment, presentment, protest or notice of dishonor. /s/ Mark A. Belnick ------------------- MARK A. BELNICKSponsored Links