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HUTCHIriSOri ISLA?`:D LI~IIT£D, I?~iC.
$800,000
June , 1980
FOR VALUE RECEIVED, the undersigned, Hutchinson Island
Li*nited, Inc., a Delaware corporation (herein called the "Com-
pany";, promises to pay to .The :villiam H. Donner Foendation, Inc.
or order, in Uni~ed States dollars the p~incipcl a.TOUnt of this
Vote is the following installments:
InStall:nent Dzte Principal F4;•r?.ent
December 31, 1985 200,000
~i December 31, 1986 600,000
$800,000
znd to pay interest (computed on the basis of a 360-day year
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of twelve 30-day months) from the date hereof on tY:e unpzid
principal amount hereof at the rate of 16~ per annum urt;l
the total principal amount hereof shall have been pa.d in
full. Interest accrued on the unpaid principal ar..ount of
this dote shall be due and payable in semi-anrua? irstall-
~ :rents on June 30 and December 31 of each year, with the
first such installment of interest becoming due and payable
n oa Decembei 31 , 1980 .
P
g~ 332 P~~f 1`r66
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