Amendment No. 1 to Term Note between Joseph J. Baksha and Outlook Group Corp.

Summary

This amendment, effective April 5, 2001, modifies the term note originally dated July 22, 1998, between Joseph J. Baksha and Outlook Group Corp. The amendment changes the interest rate on the unpaid principal balance to 4.94% per year. Interest will accrue and be payable annually on the anniversary date of the note, starting July 22, 1999, until the principal is fully paid. The amendment is signed by both parties' representatives in September 2001.

EX-10.8(B) 3 c71531exv10w8xby.txt AMENDMENT 1 THERETO EXHIBIT 10.8(b) TERM NOTE AMENDMENT 1 Effective April 5, 2001, the third paragraph in the term note between Joseph J. Baksha and Outlook Group Corp. dated July 22, 1998 is amended to reflect a change in the interest rate: The unpaid principal balance of this Note shall bear interest at the rate of four and ninety four hundreds per cent (4.94%) per annum. Interest is accrued and payable through the anniversary date hereof in each year on each such anniversary date, commencing on July 22, 1999 and continuing thereafter until the principal is paid in full. Accepted: Outlook Group Corp. Joseph J. Baksha By: /s/ Paul M. Drewek /s/ Joseph J. Baksha Title: CFO/Secretary Date: September 26, 2001 Date: 9/27/01