Supercuts 2002 Annual Report Download - page 126

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This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for registration of transfer, duly
endorsed, or accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder's attorney duly
authorized in writing, a new Note for a like principal amount will be issued to, and registered in the name of, the transferee. Prior to due
presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the
purpose of receiving payment and for all other purposes, and the Company will not be affected by any notice to the contrary.
This Note is subject to optional prepayment, in whole or from time to time in part, at the times and on the terms specified in the Note Purchase
Agreement but not otherwise.
If an Event of Default, as defined in the Note Purchase Agreement, occurs and is continuing, the principal of this Note may be declared or
otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in
the Note Purchase Agreement.
Payment of the principal of, and interest and Make-Whole Amount, if any, on this Note, and all other amounts due under the Note Purchase
Agreement, is guaranteed pursuant to the terms of a Guaranty dated as of March 1, 2002 of certain Subsidiaries of the Company.*
This Note shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of Illinois
excluding choice-of-
law principles of the law of such State that would require the application of the laws of a jurisdiction other than such State.
REGIS CORPORATION
By:
Name:
Title:
* This paragraph must be removed at such time as there are no Subsidiary Guarantors.
2
Exhibit 1(b)