1 Exhibit (4)(c)(3) TERM LOAN NOTE $ 3,000,000.00 Philadelphia, Pennsylvania August 15, 1995 FOR VALUE RECEIVED, the undersigned, B.B. WALKER COMPANY, a Delaware corporation (the "BORROWER"), promises to pay to the order of MELLON BANK, N.A. (the "LENDER") on or before the Term Loan Maturity Date, and at such earlier dates as may be required by the Agreement (as defined below), the principal sum of Three Million Dollars ($3,000,000.00). The Borrower further promises to pay to the order of the Lender interest on the unpaid principal amount hereof from time to time outstanding at the rate or rates per annum determined pursuant to the Agreement, payable on the dates set forth in the Agreement. This Note is the "Term Loan Note" referred to in, and is entitled to the benefits of, the Credit Agreement, dated as of August 15, 1995, by and among the Borrower and the Lender (as the same may be amended, modified or supplemented from time to time, the "AGREEMENT"), which among other things provides for the acceleration of the maturity hereof upon occurrence of certain events and for prepayments in certain circumstances and upon certain terms and conditions. Terms defined in the Agreement and not otherwise defined in this Note have the same meanings herein as specified in the Agreement. This Note is secured by and is entitled to the benefits of the Liens granted by the Security Documents referred to in the Agreement. The Borrower hereby expressly waives presentment, demand, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Note and the Agreement, and an action for amounts due hereunder or thereunder shall immediately accrue. This Note shall be governed by and construed and enforced in accordance with the laws of the Commonwealth of Pennsylvania, without regard to principles of choice of law. B.B. WALKER COMPANY KENT T. ANDERSON -------------------------- Kent T. Anderson President