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Agreement#: AG-204140
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Unsecured Note And Related Subordination Agreement

Effective Date: October 01, 2001
Parties:

Bollinger Industries

Sectors: Consumer Products (Durables)
THIS UNSECURED NOTE, AND PAYMENT AND ENFORCEMENT HEREOF, IS SUBJECT TO
THE TERMS AND PROVISIONS OF THAT CERTAIN SUBORDINATION AGREEMENT DATED
APRIL ______, 2001 BETWEEN THE FROST NATIONAL BANK, A NATIONAL BANKING
ASSOCIATION DOING BUSINESS AS FROST CAPITAL GROUP AND DELL BOLLINGER
AND ACKNOWLEDGED BY BOLLINGER INDUSTRIES, INC., BOLLINGER OPERATING
CORP., BOLLINGER HOLDING CORP., NBF, INC., C.G. PRODUCTS, INC., AND
BOLLINGER INDUSTRIES, L.P., AS SUCH SUBORDINATION AGREEMENT MAY BE
AMENDED FROM TIME TO TIME.


UNSECURED NOTE


DATE: __________________, 2001


MAKER: Bollinger Industries, Inc.


MAKER'S MAILING ADDRESS
(INCLUDING COUNTY): 602 Fountain Parkway
Tarrant County, Texas
Grand Prairie, Texas 75050


PAYEE: Dell Bollinger


PLACE FOR PAYMENT (INCLUDING COUNTY): 217 Chapelwood Drive
Tarrant County, Texas
Colleyville, Texas 76034


PRINCIPAL AMOUNT: $100,000.00


ANNUAL INTEREST RATE ON UNPAID PRINCIPAL FROM DATE: $5,000 per calendar month, pro-rated on a daily basis for partial months


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