Amendment of Chemical Bank $15,000,000 Note

 Chemical Bank
270 Park Avenue
New York, NY  10017-2070

                                November 8, 1995

Bart A. Brown
President and Chief Executive Officer
Color Tile, Inc.
515 Houston Street
Fort Worth, Texas 76102-3933

                 Re: Amendment of Chemical Bank $15,000,000 Note

Dear Bart:

     Reference is made to the $15,000,000  Promissory  Note, dated September 28,
1995 (the "Note"), made by Color Tile, Inc. (the "Company") in favor of Chemical
Bank (the "Bank").

     Subsection 6(b) of the Note (Events of Default) is hereby amended by adding
the following phrase  immediately  after the words "other amount becomes due" in
clause (iii)(A)(y) of said subsection: "(or on or before January 14, 1996 in the
case of the interest payment due on December 31, 1995)".

     Except to the extent amended pursuant to this Amendment,  the provisions of
the Note are and shall remain in full force and effect in accordance  with their
terms.  This  Amendment  may be executed by the Company and the Bank in separate
counterparts  and both of said  counterparts  taken  together shall be deemed to
constitute one and the same instrument. This Amendment shall be governed by, and
construed and interpreted in accordance with, the laws of the State of New York.

Bart Brown                           -2-                        November 8, 1995

     This Amendment  shall become  effective as of November 8, 1995 upon receipt
by the Bank of an executed copy of this Amendment duly executed and delivered by
a duly authorized officer of the Company and the Bank.

                                            COLOR TILE, INC.

                                            By: /s/ Bart A. Brown, Jr.
                                            Title: Chairman

                                            CHEMICAL BANK

                                            By: /s/ Mary Ellen Egbert
                                            Title: Vice President 

Basic Info X:

Name: Amendment of Chemical Bank $15,000,000 Note
Type: Note
Date: Nov. 15, 1995
Company: COLOR TILE INC
State: Delaware

Other info:

Date:

  • September 28 , 1995
  • January 14 , 1996
  • December 31 , 1995
  • November 8 , 1995

Organization:

  • Chemical Bank 270 Park Avenue New York
  • Chief Executive Officer Color Tile , Inc.

Location:

  • NY
  • Houston Street Fort Worth
  • Texas
  • New York

Money:

  • $ 15,000,000

Person:

  • Bart Brown
  • Bart A
  • Mary Ellen Egbert