EIGHTH
AMENDED AND RESTATED REVOLVING CREDIT NOTE
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$3,000,000.00 DALLAS,
TEXAS TO BE EFFECTIVE AS OF DECEMBER 26, 2004
FOR VALUE RECEIVED, the undersigned, PIZZA INN, INC., a Missouri
corporation (the "BORROWER"), hereby
promises to pay to the order of WELLS FARGO
BANK, NATIONAL ASSOCIATION (successor to Wells Fargo Bank (Texas),
National
Association, herein "BANK"), at its office
located at 1445 Ross Avenue, Dallas,
Texas 75202, on or before December 23, 2005, in lawful money of the
United
States of America and in immediately
available funds, the principal sum of Three
Million and No/100 Dollars ($3,000,000.00)
or such lesser amount as shall equal
the aggregate unpaid principal amount of the Revolving Credit Loans and
any
additional Advances made by the Bank to the Borrower under
Article II of the
Loan Agreement referred to below, and to
pay interest on the amount of each such
Advance, at such office, in like money and
funds, for the period commencing on
the date of such Advance until such
Advance shall be paid in full, at the rates
per annum and on the dates provided in the Loan Agreement (as
hereinafter
defined).
The Borrower hereby authorizes the Bank to record in Bank's internal
records the amount and Type of Advances
made to the Borrower by the Bank and all
Continuations, Conversions, and payments of principal in respect of such
Advances, which records shall, in the absence of
manifest error, be conclusive
as to the outstanding principal
amount of all such Advances; provided, however,
that the failure to make such notation with respect to any such
Advance or
payment shall not limit or otherwise affect the obligations
of the Borrower
under the Loan Agreement or this Note.
This Note is the
Eighth Amended and Restated Revolving Credit Note referred
to in the Third Amended and Restated Loan
Agreement, dated as of January 22,
2003, but effective as of December 29, 2002 (as
amended by that certain First
Amendment to Third Amended and Restated Loan Agreement dated
as of March 28,
2004 and that certain Second Amendment to Third Amended and Restated
Loan
Agreement and Amendment to Real Estate Note
effective as of December 26, 2004,
the "LOAN AGREEMENT"), and evidences the Revolving Credit Loans and all
additional Advances made by the Bank pursuant to
Article II thereof.
The Loan
Agreement, among other things, contains provisions for acceleration of the
maturity of this Not
