Document:

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                                                              EXHIBIT 10.62

                                 PROMISSORY NOTE

$150,000                                                       November 28, 2000
Denver, Colorado

         FOR VALUE RECEIVED, the undersigned (the "Borrower") hereby promises to
pay to the order of TeleTech Holdings, Inc. (the "Holder") the principal sum of
$150,000, together with interest on the unpaid balance accruing at a rate of 6%
per annum.

         Principal and interest shall be payable at TeleTech Holdings, Inc.,
1700 Lincoln Street, 14th Floor, Denver, Colorado 80203, or such other place as
the Holder may designate, in twelve payments of $12,500, due on the 1st day of
each month (each a "Payment Date"), beginning April 1, 2001. Borrower agrees to
execute any further documents necessary or desirable to evidence this debt or
perfect Holder's security interest, as may be requested by Holder from time to
time. Payments will be applied first to interest and taxes, and then to the
principal balance.

         Any bonus payments payable by Holder or any of its affiliates to
Borrower (collectively "Bonus Payments") and all proceeds from the exercise of
stock options granted by Holder or any affiliate of Holder, including proceeds
from the sale of shares underlying such stock options ("Stock Option Proceeds"),
shall be applied toward repayment of the loan evidenced by this Note. In
furtherance of such application, Borrower hereby assigns to Holder any and all
Bonus Payments and Stock Option Proceeds until this Note is paid in full, and
Borrower agrees to provide his broker with irrevocable instructions to pay
Holder all proceeds from any option exercise prior to payment in full of all
amounts evidenced by this Note. Furthermore, Holder shall be entitled to
withhold from Borrower payment of any Bonus Payments and to redirect any such
Bonus Payments towards repayment of the loan evidenced by this Note.

         Borrower's payment obligations hereunder shall continue until the
entire indebtedness evidenced by this Note is fully paid; provided, however, if
not sooner paid, the entire principal amount outstanding and accrued interest
thereon, shall be due and payable on March 1, 2002 (the "Maturity Date");
provided, however, that if the principal balance shall be paid in full prior to
the Maturity Date, Holder shall forgive the interest accrued thereon. Borrower
understands that such forgiveness of the accrued interest may give rise to a tax
withholding obligation on the part of Holder, and Borrower agrees to pay Holder
the amount Borrower's share of any such tax withholdings.

         If Borrower's employment with Holder or any affiliate of Holder is
terminated for any reason, with or without cause, prior to the Maturity Date,
all remaining unpaid principal, and all remaining accrued interest shall
immediately be due and payable.

         In case the Note is not paid in full on or before the Maturity Date,
interest will be charged on the unpaid balance, from the effective date of the
Original Note at a rate of 6% per annum. If the Note is not paid in full on or
before the Maturity Date, Holder shall also have the right to offset all amounts
payable by Holder or its affiliates to Borrower, including, without limitation,
compensation for services rendered in the form of salary, bonuses or otherwise,
until this Note is paid in full.

         Borrower agrees to pay all costs and expenses of collection, including
reasonable attorneys' fees.

         This Note may be prepaid by Borrower at any time without premium or
penalty.

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         No delay or omission on the part of Holder in exercising any right
hereunder shall operate as a waiver of such right or of any other right of such
Holder, nor shall any such delay, omission or waiver on any one occasion be
deemed a bar to or waiver of the same or any other right on any future occasion.

         Borrower and all endorsers and guarantors of this Note hereby waive
presentment, demand, notice of nonpayment, protest and all other demands and
notices in connection with the delivery, acceptance, performance or enforcement
of this Note.

         All rights and obligations hereunder shall be governed by the laws of
the State of Colorado.

         This Note is subject to the approval and ratification of the
Compensation Committee of the Board of Directors of TeleTech Holdings, Inc. In
the event that the Compensation Committee does not ratify this Note at their
regularly scheduled meeting to be held on December 7, 2000, the entire amount of
this Note shall immediately be due and payable on or before December 31, 2000.

         IN WITNESS WHEREOF, Borrower has caused this Note to be issued as of
the date first written above.

BORROWER:

/s/ Sean Erickson
-------------------------
Sean Erickson<PAGE>

                                                                 Exhibit 4.04(r)

                             INSTRUMENT OF ADHERENCE

                          Dated as of February 28, 2001

To:    Fleet National Bank, as Agent,
       the Lenders, and the Borrowers,
       as defined in the Credit Agreement
       referred to below

      Reference is made to the Second Amended and Restated Revolving Credit and
Term Loan Agreement, dated as of June 19, 1995 (as amended and in effect from
time to time, the "Credit Agreement"), by and among MORTON'S RESTAURANT GROUP,
INC. (formerly known as Quantum Restaurant Group, Inc.), a Delaware corporation
(referred to below and in the Credit Agreement as "Quantum"), PEASANT HOLDING
CORP., a Delaware corporation ("Peasant Holding"), MORTON'S OF CHICAGO, INC., an
Illinois corporation ("Morton's") (Quantum, Peasant Holding and Morton's are
referred to herein collectively as the "Borrowers", and each, individually, as a
"Borrower"), FLEET NATIONAL BANK, as Agent (the "Agent") for the Lenders (as
defined in the Credit Agreement), FLEET NATIONAL BANK (referred to in the Credit
Agreement as "FNBB") in its individual capacity as a Lender, and the other
Lenders party thereto. Capitalized terms used herein and not otherwise defined
shall have the meanings assigned to such terms in the Credit Agreement.

      The parties hereto hereby agree as follows:

      1. Additional Commitment Amount; New Lender. This Instrument of Adherence
(this "Instrument") is being executed and delivered in accordance with ss.17A of
the Credit Agreement. The Borrowers have requested that LaSalle Bank National
Association ("LaSalle") agree to provide the Borrowers with an Additional
Commitment Amount pursuant to ss.17A. By their respective signatures below, each
of the Borrowers and the Agent hereby consents to the provision by LaSalle of an
Additional Commitment Amount in the amount of $12,500,000.00 and to the status
of LaSalle thereby as a "New Lender" with a corresponding Revolving Credit
Commitment under ss.17A of the Credit Agreement (in such capacity, LaSalle being
referred to sometimes herein as the "New Lender"), to the extent of such
Additional Commitment Amount. By its signature below, LaSalle agrees to provide
such Additional Commitment Amount to the Borrowers and to be bound, as a Lender,
by the terms and conditions of the Credit Agreement and the other Loan Documents
(as to such Additional Commitment Amount and its corresponding Revolving Credit
Commitment) and to make Revolving Credit Loans and to participate in the
issuance, extension and renewal of Letters of Credit, all in accordance with the
Credit Agreement and such Additional Commitment Amount. LaSalle agrees that its
Additional

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Commitment Amount under the Credit Agreement shall be equal to $12,500,000.00 as
aforesaid. LaSalle's address for notices (as provided in ss. 17A of the Credit
Agreement) is as set forth on the applicable signature page hereto. LaSalle
further hereby expressly confirms and agrees, for the benefit of the Agent, the
Lenders, and the Borrowers, as to all of the matters set forth in
ss.ss.17A(j)(i) through (viii) of the Credit Agreement with respect to itself,
its status as a New Lender and its obligation to provide the Additional
Commitment Amount contemplated hereby in respect of the Revolving Credit
Commitment Amount under the Credit Agreement. The Agent hereby waives the
processing fee of $3,000 otherwise applicable to this Instrument under ss.17A of
the Credit Agreement.

      2. New Revolving Credit Note. Upon the execution and delivery of this
Instrument, and as a condition to its effectiveness, an appropriate Revolving
Credit Note shall be issued by the Borrowers to the New Lender in the applicable
amount provided for in ss.2.1(c) of the Credit Agreement. The Borrowers shall
also promptly furnish to LaSalle and the Agent such additional documents and
assurances as either may reasonably request pursuant to ss.17A(e) of the Credit
Agreement in connection with this Instrument and such Revolving Credit Note.

      3. Effective Date. The effective date for this Instrument shall be
February 28, 2001 (the "Effective Date"). Following the execution of this
Instrument, and the consent hereto of the Agent and the Borrowers having been
obtained and evidenced by their execution hereof as indicated below, each party
hereto shall deliver its duly executed counterpart hereof to the Agent for
recording in the Register by the Agent as provided in ss.17A of the Credit
Agreement.

      4. Joinder. From and after the Effective Date, the New Lender shall be a
party to the Credit Agreement and shall be entitled to all of the rights,
benefits and interests of, and obligated to perform all of the undertakings,
obligations and duties of, a Lender under the Credit Agreement having a
Revolving Credit Commitment in respect of the Additional Commitment Amount
provided for in this Instrument, all as contemplated by ss.17A of the Credit
Agreement.

      5. Adjustment of Revolving Credit Commitment. Upon the Effective Date, the
Revolving Credit Commitment Amount, the related aggregate amount of the
Revolving Credit Commitment, and the applicable Commitment Percentages of the
Lenders shall be adjusted as provided in ss.17A of the Credit Agreement to
reflect the Additional Commitment Amount contemplated hereby.

      6. Initial Funding Arrangements. Pursuant to ss.17A of the Credit
Agreement, on the Effective Date the New Lender shall fund its applicable
portion of the outstanding Revolving Credit Loans in the manner set forth in
ss.17A in such amounts as shall be necessary to result in the New Lender and
each of the other Lenders then holding Revolving Credit Loans equal to its
applicable Commitment Percentage (after giving effect to the adjustments
thereof referred to above) of the aggregate principal amount of all Revolving
Credit Loans then outstanding; and the Borrowers shall pay any amounts

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                                      -3-

that may be applicable in connection with such funding arrangements pursuant to
the final paragraph of ss.17A of the Credit Agreement. Any such payments of
funds by the New Lender to (or for the account of) the other Lenders to
effectuate the funding arrangements contemplated hereby in respect of the New
Lender's Additional Commitment Amount shall constitute Revolving Credit Loans by
the New Lender made to, and owed jointly and severally by, the Borrowers, all as
provided in ss.17A.

      7. Governing Law. THIS INSTRUMENT IS INTENDED TO TAKE EFFECT AS A SEALED
INSTRUMENT TO BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL
LAWS OF THE COMMONWEALTH OF MASSACHUSETTS (WITHOUT REFERENCE TO CONFLICT OF
LAWS).

      8. No Default or Event of Default. By signing this Instrument below, the
Borrowers hereby represent and warrant to the New Lender and the Agent that no
Default or Event of Default has occurred and is continuing and that all of the
Additional Commitment Conditions are satisfied in connection herewith.

      9. Eligible Assignee Status. By signing this Instrument below, LaSalle
hereby represents and warrants to the Agent, the Lenders, and the Borrowers that
it is an Eligible Assignee and accordingly is eligible for the status of a New
Lender hereunder.

      10. Counterparts. This Instrument may be executed in any number of
counterparts which shall together constitute but one and the same agreement.

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      IN WITNESS WHEREOF, intending to be legally bound, the undersigned has
caused this Instrument to be executed on its behalf by its applicable officer
thereunto duly authorized, as of the date first above written.

                        The New Lender: LASALLE BANK NATIONAL
                                        ASSOCIATION

                                        By: /s/ Brian Rujawitz
                                            ---------------------------------
                                            Name: Brian Rujawitz
                                            Title: VP

                                        Address for notices:

                                             135 South LaSalle Street
                                             Chicago, Illinois 60603
                                             Attention: Mr. Steven M. Cohen
                                             Telephone: (312) 904-7039

CONSENTED AND AGREED TO:

FLEET NATIONAL BANK, as Agent

By:    /s/ Robert W. MacElhiney
    -------------------------------
    Name:  Robert W. MacElhiney
    Title: Vice President

MORTON'S RESTAURANT GROUP, INC.
PEASANT HOLDING CORP.
MORTON'S OF CHICAGO, INC.

By:    /s/ Thomas J. Baldwin
    -------------------------------
    Name:  Thomas J. Baldwin
    Title: EVP & CFO

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