Document:

Exhibit 10.1

                                 PROMISSORY NOTE

                                                              Lakewood, Colorado

$1,000.00                                                       October 13, 2004

     FOR VALUE RECEIVED, the undersigned, Rub A Dub Soap, Inc. (hereinafter
referred to as the "Maker"), agrees and promises to pay to the order of Patricia
Cudd (hereinafter referred to as the "Holder"), at 18826 Pagentry Place,
Monument, Colorado 80132, or such other place as the Holder may designate in
writing, in coin or currency of the United States of America, which at the time
of payment is legal tender for the payment of public and private debts, the
principal sum of one thousand dollars ($1,000.00), without interest, from the
date hereof until maturity, as hereinafter provided. The principal balance of
this Promissory Note (hereinafter referred to as the "Note") shall be due and
payable on demand.

     This Note may be prepaid in whole or in part at any time without penalty.

     If default is made in the payment of this Note, as and when the same is or
becomes due, the owner and holder of this Note may, after notice and failure to
cure as hereinafter provided, without additional notice or demand, declare the
entire unpaid principal balance hereof and accrued interest, if any, at once due
and payable.

     Except as otherwise specifically set out herein, the Maker waives demand
and presentment for payment, notice of non-payment, protest, notice of protest,
notice of acceleration of the indebtedness due hereunder, bringing of suit and
diligence in taking any action to collect amounts called for hereunder, and
agrees that the time of payments hereof may be extended without notice at any
time and from time-to-time, and for periods of time for a term or terms in
excess of the original term without notice or consideration to, or consent from,
the Maker, without same constituting a waiver of the Holder's rights under this
Note.

     If any payment hereunder is not made when due or in the event of default in
any other covenant, condition or promise under this Note, the principal shall,
at the option of the Holder and without further notice, immediately become due
and payable in full. From and after the date of such default, the principal sum
shall bear interest at the rate of eighteen percent (18%) per annum until paid.

     If the entire outstanding principal balance becomes due, the Maker agrees
to pay the Holder's reasonable costs (including reasonable attorney's fees and
court costs) in collecting on this Note, including the reasonable costs of
obtaining and enforcing a judgment for any balance due on this Note.

     This Note has been executed in the City identified in the heading and
delivered to the Holder at the address stated herein. It is to be performed, in
whole or in part, in the State of Colorado, and the laws of such state shall
govern the validity, construction, enforcement and interpretation of this Note.
Jurisdiction and venue for any action hereunder shall be in the County of the
City identified in the heading.

<PAGE>

     The Maker represents that it is duly authorized and empowered to enter
into, deliver, perform and be fully bound by all of the terms, provisions and
conditions of this Note. The Maker also represents that the making and delivery
of this Note, and the performance of any agreement or instrument made in
connection herewith, does not conflict with or violate any other agreement to
which the Maker is a party.

     The Holder may transfer this Note to any person, firm or corporation which
shall thereupon become vested with all of the rights and powers herein given to
the Holder and the Holder shall thereafter be forever relieved and discharged
from any liability to the Maker with respect to any matters arising subsequent
to the date of such transfer.

     In the event that any word, phrase, clause, sentence or other provision
hereof shall violate any applicable statute, ordinance or rule of law in any
jurisdiction in which it is used, such provision shall be ineffective to the
extent of such violation without invalidating any other provision hereof.

     IN WITNESS HEREOF, this Note is executed on the date and year above
written.

                                                     RUB A DUB SOAP, INC.

                                          By: /s/ Lisa R. Powell
                                              --------------------------------
                                              Lisa R. Powell, President

<PAGE>Exhibit 10.1

 

POI ACQUISITION, L.L.C.

QUADRANGLE
MASTER FUNDING LTD

 

 

October 18, 2004

 

Protection One Alarm Monitoring, Inc.

Protection One, Inc.

Network Multi-Family Security Corporation

c/o Protection One, Inc.

818 South Kansas Avenue

Topeka, Kansas  66612

 

Ladies and Gentlemen:

 

1.             We refer to the:  (a) Credit Facility Standstill Agreement,
dated as of February 17, 2004 (the “Agreement”), among Protection One Alarm
Monitoring, Inc. (“POAM”), Protection One, Inc., (“POI”), Network Multi-Family
Security Corporation (“Network”) and POI Acquisition, L.L.C. (“POI Acquisition”);
(b) letter from Quadrangle Master Funding Ltd (“Quadrangle”) to POAM, dated
February 27, 2004, (i) advising POAM of Quadrangle’s assumption from POI
Acquisition of one-third of the obligations under the Credit Facility; and (ii)
confirming Quadrangle’s agreement to be bound by the obligations of POI
Acquisition set forth in the Agreement; (c) letter from POI Acquisition and
Quadrangle to POAM, POI and Network, dated May 17, 2004, amending the term of
the Agreement (except as otherwise provided therein); (d) letter from POI
Acquisition and Quadrangle to POAM, POI and Network, dated May 24, 2004,
further amending the term of the Agreement (except as otherwise provided
therein); (e) letter from POI Acquisition and Quadrangle to POAM, POI and
Network, dated May 28, 2004, further amending the term of the Agreement (except
as otherwise provided therein); (f) letter from POI Acquisition and Quadrangle
to POAM, POI and Network, dated June 28, 2004, further amending the term of the
Agreement (except as otherwise provided therein); (g) letter from POI
Acquisition and Quadrangle to POAM, POI and Network, dated July 26, 2004,
further amending the term of the Agreement (except as otherwise provided therein);
(h) letter from POI Acquisition and Quadrangle to POAM, POI and Network, dated
August 23, 2004, further amending the term of the Agreement (except as
otherwise provided therein); and (i) letter from POI Acquisition and Quadrangle
to POAM, POI and Network, dated September 20, 2004, further extending the term
of the Agreement (except as otherwise provided therein) (the “Seventh Letter
Agreement”).  Capitalized terms used but
not defined herein shall have the meanings ascribed to such terms in the Agreement.

 

2.             Pursuant to section 3 of the Agreement, the Agreement
shall terminate and be of no further force and effect on the Debt Specified
Date (which currently,

 

 

under clause (i) of section 3 of the Agreement, as amended by the
Seventh Letter Agreement, is 11:59 p.m. prevailing Eastern Time on October 18,
2004).  By this letter agreement and at
your request, we hereby agree to further amend the definition of the Outside
Date to mean 11:59 p.m. prevailing Eastern time on the date that is 252 days
after the Effective Time (the period beginning with the Effective Time and
continuing through and including the Outside Date, the “Outside Standstill
Period”).  We also hereby agree that the
Outside Standstill Period shall be automatically extended three (3) consecutive
times by seven (7) day periods (and the definition of Outside Date shall be
further amended accordingly), without any further action required to be taken
by any party hereto, unless POI Acquisition and Quadrangle deliver written
notice of non-extension to POI pursuant to Paragraph 4 of this letter agreement
on October 22, 2004, October 29, 2004 or November 5, 2004.  Under no circumstance shall the Outside
Standstill Period exceed 273 days pursuant to the terms of this letter
agreement.  This letter agreement shall
not apply to section 5 of the Agreement. 
Except as otherwise provided herein, the Agreement shall remain in full
force and effect subject to the terms and provisions thereof.

 

3.             Notwithstanding anything to the contrary contained
herein:  (a) in the event that POI
Acquisition and Quadrangle deliver written notice of termination to POI
pursuant to Paragraph 4 of this letter agreement, this letter agreement and the
Outside Standstill Period shall terminate effective as of two business days following
the date of receipt of such written notice by POI; and (b) nothing herein shall
constitute an amendment or waiver of the termination provisions of clause (ii)
of section 3 of the Agreement.

 

4.             Any written notice to be given pursuant to this letter
agreement by POI Acquisition and Quadrangle shall be sufficiently given if sent
by overnight delivery service or by facsimile transmission, with receipt
confirmed, as follows:

 

Protection
One, Inc.

4221 W. John Carpenter Freeway

Irving, Texas, 75063 

Attn: J. Eric Griffin, General Counsel

Facsimile: (972) 916-6195

 

with a copy to:

 

Kirkland
& Ellis LLP

200 E. Randolph Drive

Chicago, Illinois 60601

Attn: Anup Sathy

Facsimile: (312) 861-2200

 

5.             This letter agreement may be executed in
counterparts.  Please confirm your
agreement with the foregoing by signing and returning to the undersigned the
duplicate copy of this letter agreement enclosed herewith.

 

*              *              *              *

 

 

	
  Very truly yours,

  
	
   

  	
   

  
	
  POI ACQUISITION, L.L.C.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/  David A. Tanner

  	
   

  
	
  Name:

  	
  David A. Tanner

  	
   

  
	
  Title:

  	
  Member

  	
   

  
	
   

  	
   

  	
   

  
	
  QUADRANGLE MASTER

  FUNDING LTD

  
	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/  Michael Weinstock

  	
   

  
	
  Name:

  	
  Michael Weinstock

  	
   

  
	
  Title:

  	
  Member

  	
   

  

 

 

	
  Agreed as of the date
  first written above:

  
	
   

  	
   

  	
   

  
	
  PROTECTION ONE ALARM

  MONITORING, INC.

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/  Darius G. Nevin

  	
   

  
	
  Name:

  	
  Darius G. Nevin

  	
   

  
	
  Title:

  	
  Exec. Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  PROTECTION ONE, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
  /s/  Darius G. Nevin

  	
   

  
	
  Name:

  	
  Darius G. Nevin

  	
   

  
	
  Title:

  	
  Exec. Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  NETWORK MULTI-FAMILY

  SECURITY CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/  Steve Williams

  	
   

  
	
  Name:

  	
  Steve Williams

  	
   

  
	
  Title:

  	
  President

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