Exhibit 10.10 (e) $ 250,000 Date: July 22, 1998
MONTICELLO, WAYNE COUNTY, KENTUCKY
FOR VALUE RECEIVED, American, Woodmark Corporation ("Maker") of 3102 Shawnee Drive, Winchester,
Virginia 22601 promises to pay to the order of the Wayne County EZ Industrial Development Authority
("Payee") of P.O. Box 817, Monticello, Kentucky 42633, the principal sum of Two Hundred Fifty Thousand
Dollars and 00/100 Cents ($ 250,000). The term of this note shall be for three (3) years. The interest rate shall
be Zero Percent (0%) interest.
The "Maker" and "Payee" agree that this note formalizes a three
(3) year forgivable loan. For each EZ resident employed and trained by "Maker," "Payee" will credit the sum of
Two Thousand Five Hundred Dollars ($2,500) toward the principal, up to and including the principal amount of
Two Hundred Fifty Thousand Dollars ($250,000). In the event that 100 Empowerment Zone Residents are not
employed and trained by the "Maker" within a three ('3) year period. "Maker" will pay the outstanding balance of
the loan in full at the end of the three (3) year period.
The "Maker" shall have the privilege, without premium or penalty, at any time and from time to time, to prepay
this note in whole or in part.
Executed this 22nd day of July, 1998.
By: Glenn Eanes
Attest: Brenda Dupont
THIS AGREEMENT, made and entered into this 22nd day of July, 1998, by and between the Wayne County
EZ Industrial Development Authority, 1480 North Main Street, Suite B, P. 0. Box 817, Monticello, Kentucky
42633, hereinafter referred to as the AUTHORITY, and American Woodmark Corporation, 3102 Shawnee
Drive, Winchester, Virginia 22601, hereinafter called AMERICAN WOODMARK.
WHEREAS, the Wayne.County EZ Industrial Development Authority will dispense the sum of TWO
HUNDRED FIFTY THOUSAND DOLLAR ($ 250,000) to American Woodmark upon execution of this loan
agreement, and pursuant to this loan a(7reenient, on beh