ENCORE CAPITAL GROUP INC
AMENDED AND RESTATED BOA NOTE
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>3
<FILENAME>restated_note.htm
<DESCRIPTION>AMENDED AND RESTATED BOA NOTE
<TEXT>
<HTML>
<HEAD>
<TITLE>Restated Note</TITLE>
</HEAD>
<BODY>

<!-- MARKER FORMAT-SHEET="Head Right-TNR" FSL="Project" -->
<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 10.1  </FONT></P>


<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Seventh Amended and
Restated Promissory Note </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=1%>&nbsp;</TD>
<TD WIDTH=99%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Date:
 <b>April 10, 2003 </b> [ ] New  [X] Renewal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Amount: <b>$5,000,000.00</b> &nbsp;&nbsp;&nbsp; Maturity Date:&nbsp;&nbsp;&nbsp;  <b>April 15,</b>
2004 </FONT></TD>
</TR>
</TABLE>
<BR>



<TABLE BORDER="2" CELLPADDING="0" CELLSPACING="0" WIDTH="760">
<TR VALIGN="BOTTOM">
     <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Bank:<BR>
<BR>
Bank of America, N.A.<BR>
Banking Center:<BR>
<BR>
<BR>
101 South Tryon St.<BR>
Charlotte, NC 28255<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
(Street address including county)</FONT></Td>
     <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Borrower:<BR>
<BR>
Midland Credit Management, Inc.<BR>
<BR>
<BR>
<BR>
5775 Roscoe Court<BR>
San Diego, CA 92123<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
(Name and street address, including county)</FONT></Td></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FOR VALUE RECEIVED, the undersigned
Borrower unconditionally (and jointly and severally, if more than one) promises to pay to
the order of Bank, its successors and assigns, without setoff, at its offices indicated at
the beginning of this Note, or at such other place as may be designated by Bank, the
principal amount of Five Million Dollars ($5,000,000.00), or so much thereof as may be
advanced from time to time in immediately available funds, together with interest computed
daily on the outstanding principal balance hereunder, at an annual interest rate, and in
accordance with the payment schedule, indicated below. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>[This Note contains some
provisions preceded by boxes. If a box is marked, the provision applies to this
transaction; if it is not marked, the provision does not apply to this transaction.]</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Rate.</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[<B>X</B>]&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Prime Rate</B>. The Rate per annum shall be the Prime Rate. The &#147;Prime
          Rate&#148; is the fluctuating rate of interest established by Bank from time to
          time, at its discretion, whether or not such rate shall be otherwise published.
          The Prime Rate is established by Bank as an index and may or may not at any time
          be the best or lowest rate charged by Bank on any loan. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[_]&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Fixed Rate</B>. The Rate shall be fixed at ___________________ percent per
          annum. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[_]&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Other _______________________________.</B>. <U></U> </FONT></P>




<BR>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Notwithstanding any provision of this
Note, Bank does not intend to charge and Borrower shall not be required to pay any amount
of interest or other charges in excess of the maximum permitted by the applicable law of
the State of New York; if any higher rate ceiling is lawful, then that higher rate ceiling
shall apply. Any payment in excess of such maximum shall be refunded to Borrower or
credited against principal, at the option of Bank. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>2.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Accrual Method</B>. Unless otherwise indicated, interest at the Rate set
          forth above will be calculated by the 365/360 day method (a daily amount of
          interest is computed for a hypothetical year of 360 days; that amount is
          multiplied by the actual number of days for which any principal is outstanding
          hereunder). If interest is not to be computed using this method, the method
          shall be:_______________________________.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>3.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Rate Change Date</B>. Any Rate based on a fluctuating index or base rate will
          change, unless otherwise provided, each time and as of the date that the index
          or base rate changes. If the Rate is to change on any other date or at any other
          interval, the change shall be:_______________________________.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In the event any index is
discontinued, Bank shall substitute an index determined by Bank to be comparable, in its
sole discretion. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>4.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Payment Schedule</B>. All payments received hereunder shall be applied first
          to the payment of any expense or charges payable hereunder or under any other
          loan documents executed in connection with this Note, then to interest due and
          payable, with the balance applied to principal, or in such other order as Bank
          shall determine at its option. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[_]&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Principal Plus Accrued Interest</B>. Principal shall be paid in consecutive
          equal installments of $_____________________, plus accrued interest, payable [_]
          monthly, [_] quarterly or [_]_____________________________________, commencing
          on ______________________, 199__, and continuing on the [_] same day, [_] last
          day of each successive month, quarter or other period (as applicable)
          thereafter, with a final payment of all unpaid principal and accrued interest
          due on ______________________, 199__. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[_]&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Fixed Principal and Interest</B>. Principal and interest shall be paid in
          consecutive equal installments of $______________, payable [_] monthly, [_]
          quarterly or [_]______________________, commencing on _____________________,
          199__, and continuing on the [_] same day, [_] last day of each successive
          month, quarter or other period (as applicable) thereafter, with a final payment
          of all unpaid principal and interest due thereon on ________________________,
          199__. If, on any payment date, accrued interest exceeds the installment amount
          set forth above, Borrower will also pay such excess as and when billed. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[<B>X</B>]&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Single Principal Payment</B>. Principal shall be paid in full in a single
          payment on <B>April 15, 2004</B>. Interest thereon shall be paid [_] at
          maturity, or else [<B>X</B>] monthly, [_] quarterly or [_]
          ________________________________, commencing on <B>May 1, 2003</B>, and
          continuing on the [<B>X</B>] same day, [_] last day of each successive month,
          quarter or other period (as applicable) thereafter, with a final payment of all
          unpaid interest at the stated maturity of this Note. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[_]&nbsp;&nbsp;&nbsp;&nbsp;
          Other._______________________________. </FONT></P>




<BR>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>5.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Revolving Feature</B>. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[<B>X</B>]&nbsp;&nbsp;&nbsp;&nbsp;
          Subject to the satisfaction of the conditions set forth in Section 17 below,
          Borrower may borrow, repay and reborrow hereunder at any time, up to a maximum
          aggregate amount outstanding at any one time equal to the principal amount of
          this Note, provided that Borrower is not in default under any provision of this
          Note, any other documents executed in connection with this Note, or any other
          note or other loan documents now or hereafter executed in connection with any
          other obligation of Borrower to Bank, and provided that the borrowings hereunder
          do not exceed any borrowing base or other limitation on borrowings by Borrower
          from the Bank. Bank shall incur no liability for its refusal to advance funds
          based upon its determination that any conditions of such further advances have
          not been met. Bank records of the amounts borrowed from time to time shall be
          demonstrable proof thereof. </FONT></P>

<BR><BR>
<!-- MARKER FORMAT-SHEET="Page Number Center" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> -2-</FONT></P>
<HR SIZE=2 NOSHADE color=black>
<BR><BR>
<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[_]&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Uncommitted Facility</B>. Borrower acknowledges and agrees that,
          notwithstanding any provisions of this Note or any other documents executed in
          connection with this Note, Bank has no obligation to make any advance, and that
          all advances are at the sole discretion of Bank. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[ ] <B>Out-Of-Debt Period</B>. For a
period of at least 30 consecutive days during the period prior to _____, 200_, Borrower
shall fully pay down the balance of this Note, so that no amount of principal or interest
and no other obligation under this Note remains outstanding. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>6.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Automatic Payment</B>. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[_]&nbsp;&nbsp;&nbsp;&nbsp;
          Borrower has elected to authorize Bank to effect payment of sums due under this
          Note by means of debiting Borrower&#146;s account number
          _______________________________. This authorization shall not affect the
          obligation of Borrower to pay such sums when due, without notice, if there are
          insufficient funds in such account to make such payment in full on the due date
          thereof, or if Bank fails to debit the account. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>7.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Waivers, Consents and Covenants</B>. Borrower: (a) waives presentment,
          demand, protest, notice of demand, notice of intent to accelerate, notice of
          acceleration of maturity, notice of protest, notice of nonpayment, notice of
          dishonor, and any other notice required to be given under the law to Borrower in
          connection with the delivery, acceptance, performance, default or enforcement of
          this Note, any indorsement or guaranty of this Note, or any other documents
          executed in connection with this Note or any other note or other loan documents
          now or hereafter executed in connection with any obligation of Borrower to Bank
          (the &#147;Loan Documents&#148;); (b) consents to all delays, extensions,
          renewals or other modifications of this Note or the Loan Documents, or waivers
          of any term hereof or of the Loan Documents, or release or discharge by Bank of
          Borrower, or release, substitution or exchange of any security for the payment
          hereof, or the failure to act on the part of Bank, or any indulgence shown by
          Bank (without notice to or further assent from Borrower), and agrees that no
          such action, failure to act or failure to exercise any right or remedy by Bank
          shall in any way affect or impair the obligations of Borrower or be construed as
          a waiver by Bank of, or otherwise affect, any of Bank&#146;s rights under this
          Note, under any indorsement or guaranty of this Note or under any of the Loan
          Documents; and (c) agrees to pay, on demand, all reasonable costs and expenses
          of collection or defense of this Note or of any indorsement or guaranty hereof
          and/or the enforcement or defense of Bank&#146;s rights with respect to, or the
          administration, supervision, preservation, or protection of, or realization
          upon, any property securing payment hereof, including, without limitation,
          reasonable attorney&#146;s fees, including fees related to any suit, mediation
          or arbitration proceeding, out of court payment agreement, trial, appeal,
          bankruptcy proceedings or other proceeding, in such amount as may be determined
          reasonable by any arbitrator or court, whichever is applicable. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>8.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Prepayments</B>. Prepayments may be made in whole or in part at any time on
          any loan for which the Rate is based on the Prime Rate. All prepayments of
          principal shall be applied in the inverse order of maturity, or in such other
          order as Bank shall determine in its sole discretion. Except as may be
          prohibited by applicable law, no prepayment of any other loan shall be permitted
          without the prior written consent of Bank. Notwithstanding such prepayment
          prohibition, if there is a prepayment of any such loan, whether by consent of
          Bank, or because of acceleration or otherwise, Borrower shall, within 15 days of
          any request by Bank, pay to Bank, unless prohibited by applicable law, any loss
          or expense which Bank may incur or sustain as a result of such prepayment. For
          the purposes of calculating the amounts owed only, it shall be assumed that Bank
          actually funded or committed to fund the loan through the purchase of an
          underlying deposit in an amount and for a term comparable to the loan, and such
          determination by Bank shall be conclusive, absent a demonstrable error in
          computation. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>9.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Delinquency Charge</B>. To the extent permitted by law, a delinquency charge
          may be imposed in an amount not to exceed four percent (4%) of the unpaid
          portion of any payment that is more than fifteen days late. Unless the terms of
          this Note call for repayment of the entire balance of this Note (both principal
          and interest) in a single payment and not for installments of interest or
          principal and interest, the 4% delinquency charge may be imposed not only with
          respect to regular installments of principal or interest or principal and
          interest, but also with respect to any other payment in default under this Note
          (other than a previous delinquency charge), including without limitation, a
          single payment of principal due at the maturity of this Note. In the event any
          installment, or portion thereof, is not paid in a timely manner, subsequent
          payments will be applied first to the past due balance (which shall not include
          any previous delinquency charges), specifically to the oldest maturing
          installment, and a separate delinquency charge will be imposed for each payment
          that becomes due until the default is cured. </FONT></P>


<BR><BR>
<!-- MARKER FORMAT-SHEET="Page Number Center" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> -3-</FONT></P>
<HR SIZE=2 NOSHADE color=black>
<BR><BR>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>10.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Events of Default</B>. The following are events of default hereunder: (a)
          Borrower fails to make any payment due hereunder within five days of the date
          when due; (b) Borrower fails to perform any other obligation under this Note or
          any other Loan Documents, and such failure is not cured within 30 days of notice
          of such default; (c) the failure of the Borrower or Encore Capital Group, Inc.,
          a Delaware corporation formerly called MCM Capital Group, Inc.
          (&#147;Parent&#148;; Borrower and Parent hereinafter referred to individually as
          a &#147;Loan Party&#148; and collectively as the &#147;Loan Parties&#148;), to
          pay when due any other liability or obligation in an aggregate amount of at
          least $500,000 and such failure to pay is not cured within 30 days after any
          applicable grace period; (d) either Loan Party becomes insolvent, a receiver is
          appointed for any part of a Loan Party&#146;s property, a Loan Party makes an
          assignment for the benefit of creditors, or any proceeding is commenced either
          by a Loan Party or against a Loan Party under any bankruptcy or insolvency laws
          and in the case of a proceeding brought against a Loan Party, such proceeding
          has not been discharged or dismissed within 60 days of commencement; (e) any
          representation, warranty or statement made or furnished to Bank by the Borrower
          is false or misleading in any material respect at the time made or furnished and
          such default, if capable of being cured, is not cured within 30 days of notice
          of such default from Bank to Borrower; (f) a judgment, order or arbitral award
          of at least $500,000 is rendered against a Loan Party by a court of competent
          jurisdiction, not subject to further appeal, and such judgment, order or award
          shall continue unsatisfied and unstayed for more than 30 days of the date
          thereof; (g) the occurrence of a material adverse change in financial condition
          of the Borrower; (h) the failure of Triarc Companies, Inc. to pay when due any
          indebtedness for borrowed money in an aggregate amount of at least $10,000,000
          and such failure is not cured within 30 days of any applicable grace period; or
          (i) (i) any involuntary bankruptcy proceeding is commenced or filed against
          Triarc Companies, Inc. or any writ, judgment, warrant of attachment, execution
          or similar process, is issued or levied against a substantial part of any of its
          properties, and any such proceeding or petition is not dismissed, or such writ,
          judgment, warrant of attachment, execution or similar process is not released,
          vacated or fully bonded within 60 days after commencement, filing or levy; (ii)
          Triarc Companies, Inc. admits the material allegations of a petition against it
          in any insolvency proceeding, or an order for relief (or similar order under
          non-U.S. law) is ordered in any insolvency proceeding; or (iii) Triarc
          Companies, Inc. acquiesces in the appointment of a receiver, trustee, custodian,
          conservator, liquidator, mortgagee in possession (or agent therefor), or other
          similar person (other than a pledgee) for a substantial portion of his or its
          property or business. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>11.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Remedies upon Default</B>. Whenever there is an event of default under this
          Note (a) the entire balance outstanding hereunder and all other obligations of
          the Borrower to Bank (however acquired or evidenced) shall, at the option of
          Bank, become immediately due and payable and any obligation of Bank to permit
          further borrowing under this Note shall immediately cease and terminate, and/or
          (b) to the extent permitted by law, the Rate of interest on the unpaid principal
          shall be increased up to the Prime Rate plus three percent per annum (the
          &#147;Default Rate&#148;). The provisions herein for a Default Rate and a
          delinquency charge shall not be deemed to extend the time for any payment
          hereunder or to constitute a &#147;grace period&#148; giving the Borrower a
          right to cure any default. At Bank&#146;s option, any accrued and unpaid
          interest, fees or charges may, for purposes of computing and accruing interest
          on a daily basis after the due date of the Note or any installment thereof, be
          deemed to be a part of the principal balance, and interest shall accrue on a
          daily compounded basis after such date at the Default Rate provided in this Note
          until the entire outstanding balance of principal and interest is paid in full.
          Upon a default under this Note, Bank is hereby authorized at any time, at its
          option and without notice or demand to set off and charge against any deposit
          accounts of the Borrower (as well as any money, instruments, securities,
          documents, chattel paper, credits, claims, demands, income and any other
          property, rights and interests of the Borrower), which at any time shall come
          into the possession or custody or under the control of Bank or any of its
          agents, affiliates or correspondents, any and all obligations due hereunder.
          Additionally, Bank shall have all rights and remedies available under each of
          the Loan Documents, as well as all rights and remedies available at law or in
          equity. </FONT></P>


<BR><BR>
<!-- MARKER FORMAT-SHEET="Page Number Center" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> -4-</FONT></P>
<HR SIZE=2 NOSHADE color=black>
<BR><BR>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>12.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Non-Waiver</B>. The failure at any time of Bank to exercise any of its
          options or any other rights hereunder shall not constitute a waiver thereof, nor
          shall it be a bar to the exercise of any of its options or rights at a later
          date. All rights and remedies of Bank shall be cumulative and may be pursued
          singly, successively or together, at the option of Bank. The acceptance by Bank
          of any partial payment shall not constitute a waiver of any default or of any of
          Bank&#146;s rights under this Note. No waiver of any of its rights hereunder,
          and no modification or amendment of this Note, shall be deemed to be made by
          Bank unless the same shall be in writing, duly signed on behalf of Bank; each
          such waiver shall apply only with respect to the specific instance involved, and
          shall in no way impair the rights of Bank or the obligations of the Borrower to
          Bank in any other respect at any other time. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>13.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Applicable Law, Venue and Jurisdiction</B>. <B>This Note and the rights and
          obligations of Borrower and Bank shall be governed by and interpreted in
          accordance with the law of the State of New York.</B> In any litigation in
          connection with or to enforce this Note or any indorsement or guaranty of this
          Note or any Loan Documents, the Borrower irrevocably consents to and confers
          personal jurisdiction on the courts of the State of New York or the United
          States located within the State of New York and expressly waive any objections
          as to venue in any such courts. Nothing contained herein shall, however, prevent
          Bank from bringing any action or exercising any rights within any other state or
          jurisdiction or from obtaining personal jurisdiction by any other means
          available under applicable law. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>14.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Partial Invalidity</B>. The unenforceability or invalidity of any provision
          of this Note shall not affect the enforceability or validity of any other
          provision herein and the invalidity or unenforceability of any provision of this
          Note or of the Loan Documents to any person or circumstance shall not affect the
          enforceability or validity of such provision as it may apply to other persons or
          circumstances. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>15.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Binding Effect</B>. This Note shall be binding upon and inure to the benefit
          of Borrower and Bank and their respective successors, assigns, heirs and
          personal representatives, provided, however, that no obligations of Borrower
          hereunder can be assigned without prior written consent of Bank. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>16.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Controlling Document</B>. To the extent that this Note conflicts with or is
          in any way incompatible with any other document related specifically to the loan
          evidenced by this Note, this Note shall control over any other such document,
          and if this Note does not address an issue, then each other such document shall
          control to the extent that it deals most specifically with an issue. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>17.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Conditions to All Loans.</B> The obligation of the Bank to make any advance
          hereunder (including the initial advance) shall be subject to the conditions
          precedent that on the date of such advance: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 1- TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
following statements shall be true, and the acceptance of the proceeds of           each
advance by any Borrower shall be deemed to be a representation and warranty           of
each Borrower on the date of such advance that:  </FONT></P></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 3- TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=9%></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          All
representations and warranties made by Borrower to the Bank are correct in all material
respects on and as of the date of such advance as though made on and as of such date,  </FONT></P></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 3- TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=9%></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;         No
event has occurred and is continuing, or would result from such
advance,
which constitutes an event of default hereunder or would constitute an event of default
hereunder but for the requirement that notice be given or time elapse or both; and </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 3- TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=9%></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       No
material adverse change in the financial condition or assets of  the
Borrower shall have occurred and be continuing; and </FONT></P></td>
</TR>
</TABLE>
<BR>
<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 1- TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          the
making of such advance shall not contravene any law, rule or regulation
          applicable to the Borrower or the Bank.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

<BR><BR>
<!-- MARKER FORMAT-SHEET="Page Number Center" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> -5-</FONT></P>
<HR SIZE=2 NOSHADE color=black>
<BR><BR>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>18.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Commitment Fee.</B> In consideration of the commitment of the Bank to make
          advances to the Borrower pursuant to the terms and conditions of this Note, the
          Borrower agrees to pay to the Bank a non-refundable commitment fee of $50,000,
          payable in full on the date hereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>19.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>Amendment and Restatement.</B> This Note amends and restates in its entirety,
          and constitutes a renewal and extension of, the Sixth Amended and Restated
          Promissory Note dated March 22, 2002 (the &#147;<U>Old Note</U>&#148;), by
          Borrower to the order of Bank, formerly known as NationsBank, N.A., in the
          original principal amount of $15,000,000.00, effective immediately upon receipt
          by the Bank of each of the following: (i) this Note, duly executed and
          acknowledged by the Borrower, (ii) the Acknowledgments, substantially in the
          forms attached hereto, duly executed and acknowledged by Encore Capital Group,
          Inc. (formerly called MCM Capital Group, Inc.), Triarc Companies, Inc., Nelson
          Peltz, Peter W. May, Consolidated Press Holdings, Ltd. and Peter Nigel Frazer,
          Franklin Chandler and the Chandler Family Limited Partnership and (iii) the
          commitment fee referred to in paragraph 18 above and all legal fees, costs and
          expenses incurred by the Bank in connection with the preparation, execution and
          delivery of the New Note and the related documents and billed prior to the date
          of this Note. It is understood and agreed that the Borrower will pay the accrued
          and unpaid interest on the Old Note on or before May 1, 2003. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>20.</B>&nbsp;&nbsp;&nbsp;&nbsp;
          <B>ARBITRATION. ANY CONTROVERSY OR CLAIM BETWEEN OR AMONG THE PARTIES HERETO
          INCLUDING BUT NOT LIMITED TO THOSE ARISING OUT OF OR RELATING TO THIS
          INSTRUMENT, AGREEMENT OR DOCUMENT OR ANY RELATED INSTRUMENTS, AGREEMENTS OR
          DOCUMENTS, INCLUDING ANY CLAIM BASED ON OR ARISING FROM AN ALLEGED TORT, SHALL
          BE DETERMINED BY BINDING ARBITRATION IN ACCORDANCE WITH THE FEDERAL ARBITRATION
          ACT (OR IF NOT APPLICABLE, THE APPLICABLE STATE LAW), THE RULES OF PRACTICE AND
          PROCEDURE FOR THE ARBITRATION OF COMMERCIAL DISPUTES OF J.A.M.S./ENDISPUTE OR
          ANY SUCCESSOR THEREOF (&#147;J.A.M.S.&#148;), AND THE &#147;SPECIAL RULES&#148;
          SET FORTH BELOW. IN THE EVENT OF ANY INCONSISTENCY, THE SPECIAL RULES SHALL
          CONTROL. JUDGMENT UPON ANY ARBITRATION AWARD MAY BE ENTERED IN ANY COURT HAVING
          JURISDICTION. ANY PARTY TO THIS INSTRUMENT, AGREEMENT OR DOCUMENT MAY BRING AN
          ACTION, INCLUDING A SUMMARY OR EXPEDITED PROCEEDING, TO COMPEL ARBITRATION OF
          ANY CONTROVERSY OR CLAIM TO WHICH THIS AGREEMENT APPLIES IN ANY COURT HAVING
          JURISDICTION OVER SUCH ACTION.</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <U>SPECIAL RULES</U>. THE ARBITRATION SHALL BE CONDUCTED IN THE COUNTY OF ANY
          BORROWER&#146;S DOMICILE AT THE TIME OF THE EXECUTION OF THIS INSTRUMENT,
          AGREEMENT OR DOCUMENT OR IF THERE IS REAL OR PERSONAL PROPERTY COLLATERAL, IN
          THE COUNTY WHERE SUCH REAL OR PERSONAL PROPERTY IS LOCATED, AND ADMINISTERED BY
          J.A.M.S. WHO WILL APPOINT AN ARBITRATOR; IF J.A.M.S. IS UNABLE OR LEGALLY
          PRECLUDED FROM ADMINISTERING THE ARBITRATION, THEN THE AMERICAN ARBITRATION
          ASSOCIATION WILL SERVE. ALL ARBITRATION HEARINGS WILL BE COMMENCED WITHIN 90
          DAYS OF THE DEMAND FOR ARBITRATION; FURTHER, THE ARBITRATOR SHALL ONLY, UPON A
          SHOWING OF CAUSE, BE PERMITTED TO EXTEND THE COMMENCEMENT OF SUCH HEARING FOR UP
          TO AN ADDITIONAL 60 DAYS.</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <U>RESERVATION OF RIGHTS</U>. NOTHING IN THIS ARBITRATION PROVISION SHALL BE
          DEEMED TO (I) LIMIT THE APPLICABILITY OF ANY OTHERWISE APPLICABLE STATUTES OF
          LIMITATION OR REPOSE AND ANY WAIVERS CONTAINED IN THIS INSTRUMENT, AGREEMENT OR
          DOCUMENT; OR (II) BE A WAIVER BY BANK OF THE PROTECTION AFFORDED TO IT BY 12
          U.S.C. SEC. 91 OR ANY SUBSTANTIALLY EQUIVALENT STATE LAW; OR (III) LIMIT THE
          RIGHT OF BANK HERETO (A) TO EXERCISE SELF HELP REMEDIES SUCH AS (BUT NOT LIMITED
          TO) SETOFF, OR (B) TO FORECLOSE AGAINST ANY REAL OR PERSONAL PROPERTY
          COLLATERAL, OR (C) TO OBTAIN FROM A COURT PROVISIONAL OR ANCILLARY REMEDIES SUCH
          AS (BUT NOT LIMITED TO) INJUNCTIVE RELIEF, WRIT OF POSSESSION OR THE APPOINTMENT
          OF A RECEIVER. BANK MAY EXERCISE SUCH SELF HELP RIGHTS, FORECLOSE UPON SUCH
          PROPERTY, OR OBTAIN SUCH PROVISIONAL OR ANCILLARY REMEDIES BEFORE, DURING OR
          AFTER THE PENDENCY OF ANY ARBITRATION PROCEEDING BROUGHT PURSUANT TO THIS
          INSTRUMENT, AGREEMENT OR DOCUMENT. NEITHER THIS EXERCISE OF SELF HELP REMEDIES
          NOR THE INSTITUTION OR MAINTENANCE OF AN ACTION FOR FORECLOSURE OR PROVISIONAL
          OR ANCILLARY REMEDIES SHALL CONSTITUTE A WAIVER OF THE RIGHT OF ANY PARTY,
          INCLUDING THE CLAIMANT IN ANY SUCH ACTION, TO ARBITRATE THE MERITS OF THE
          CONTROVERSY OR CLAIM OCCASIONING RESORT TO SUCH REMEDIES.</B> </FONT></P>

<BR><BR>
<!-- MARKER FORMAT-SHEET="Page Number Center" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> -6-</FONT></P>
<HR SIZE=2 NOSHADE color=black>
<BR><BR>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Borrower represents to Bank that
the proceeds of this loan are to be used primarily for business, commercial or
agricultural purposes. Borrower acknowledges having read and understood, and agrees to be
bound by, all terms and conditions of this Note and hereby executes this Note under seal
as of the date here above written.</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>NOTICE OF FINAL AGREEMENT. THIS
WRITTEN PROMISSORY NOTE REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES. THERE ARE NO UNWRITTEN OR ORAL AGREEMENTS BETWEEN THE PARTIES.</B> </FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="4" ALIGN="CENTER" WIDTH="760" border=0>
<TR VALIGN="BOTTOM">
     <TH align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Borrower </FONT> </TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH align=left ><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Corporate or Partnership Borrower </FONT></TH></TR>
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> </FONT> </TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> </FONT> </TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> </FONT> </TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> </FONT> </TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>

<TR VALIGN="TOP">
     <TD WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><u>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u>(Seal)<BR>
<BR>
<BR>
<u>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u><BR>
Print Individual's Name<BR>
<BR>
<u>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u>(Seal)<BR>
<BR>
<u>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u><BR>

Print Individual's Name<BR>
</FONT></TD>
     <TD WIDTH="15%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="45%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><u>MIDLAND CREDIT MANAGEMENT, INC.</u><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                                                                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate or Partnership Name<BR>
<BR>
By:&nbsp;&nbsp; <u>/s/ Barry R. Barkley &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Seal)</u><BR>
<BR>
<BR>
Name:&nbsp;&nbsp; <u>Barry R. Barkley&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><BR>
<BR>
Title:&nbsp;&nbsp; <u>Treasurer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><BR>
<BR>
<u>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u><BR>

Attest (If Applicable)<BR>
<BR>
<BR>
[Corporate Seal]</FONT></TD></TR>
</TABLE>

<BR><BR>
<!-- MARKER FORMAT-SHEET="Page Number Center" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> -7-</FONT></P>
<HR SIZE=2 NOSHADE color=black>
<BR><BR>

</BODY>
</HTML>

</TEXT>
</DOCUMENT>
