WACHOVIA LOGO] Note and Security Agreement This Note and Security Agreement is a renewal of an existing Note and Security Agreement between Borrower and Lender.Note and Security Agreement • April 11th, 2000 • American Consumers Inc • Retail-grocery stores • Georgia
FOR VALUE RECEIVED, the undersigned (hereinafter called the "Borrower") hereby promises to pay to the order of Wachovia Bank, N.A. (hereinafter called the "Lender") at its office where borrowed, in immediately available funds of lawful money of the United States, the sum of Six Hundred Thousand and 00/100 Dollars ($600,000.00 ) together with any unpaid interest hereon from date of advance, in accordance with the terms contained in this Note. The optional provisions applicable to this Note are checked below.
WACHOVIA LOGO] Wachovia Bank, N.A. Post Office Box 1088 Dalton, Georgia 30722-1088 February 10, 2000 American Consumers, Inc. Michael A. Richardson, President P. O. Box 2328 Ft. Oglethorpe, GA 30742 Dear Michael: Wachovia Bank, N.A. ("Lender") is...American Consumers Inc • April 11th, 2000 • Retail-grocery stores
Wachovia Bank, N.A. ("Lender") is pleased to offer American Consumers, Inc. ("Borrower") the following credit facilities. This commitment letter amends and replaces the commitment letter dated November 20, 1998. This Commitment (as later defined) will become effective upon your acceptance of the terms and conditions outlined in this letter. This Commitment will expire on September 30, 2000 or on demand, which ever is earlier.
