Exhibit 10.1

                  This Loan Agreement is subject to the terms of a Subordination
         and  Intercreditor  Agreement  in  favor  of The  CIT  Group/Commercial
         Services,  Inc., as agent for itself and for CIT Financial Ltd.,  which
         Subordination  and  Intercreditor  Agreement is incorporated  herein by
         reference.  Notwithstanding  any  contrary  statement  contained in the
         within Loan  Agreement,  no payment on account of principal or interest
         thereof shall become due or be paid except in accordance with the terms
         of such Subordination and Intercreditor Agreement.


                                 LOAN AGREEMENT

         This Loan  Agreement (the  "Agreement")  is entered into by and between
EPIC Aviation,  LLC, an Oregon limited liability  company  ("EPIC"),  and Ronson
Aviation, Inc., a New Jersey corporation ("RONSON"),  and is effective as of May
30, 2007.

RECITALS

            A.  RONSON  desires  to  secure  funds  from  EPIC  to be  used  for
completing  construction of a new 19,200 sq. ft. aircraft hangar at its business
location  and agrees to extend the term of the Fuel  Purchase  Contract,  by and
between EPIC and RONSON, dated March 7, 2002, as supplemented by the Addendum to
Fuel Purchase  Agreement (the "Fuel Purchase  Contract"),  for an additional ten
(10) years (the period from the date hereof  through the end of such  additional
term,  being the "Extended Term") and to repay EPIC all amounts  advanced,  with
interest, in accordance with the terms and conditions set forth below.


            B. EPIC  agrees to advance  up to  $500,000  to  RONSON,  for use in
completing  the  construction  of the new  19,200 sq ft  hangar at its  business
location, subject to the terms and conditions set forth below.

AGREEMENT

         In consideration of the mutual covenants  contained herein, the parties
agree as follows:

         1. EPIC  agrees to  advance up to a maximum  of Five  Hundred  Thousand
Dollars  ($500,000.00) (the "Loan Advance") to RONSON, for its use in completing
construction  of its new  aircraft  hangar  (the "New  Hangar"),  located at its
business  operation at the Trenton Mercer County Airport in Trenton,  New Jersey
(the  "Construction").  RONSON  acknowledges  and agrees that its  commitment to
extend the term of the Fuel Purchase  Contract for an additional  ten (10) years
(the "Extended Term"), as agreed by the parties in that certain Amendment to the
Fuel Purchase  Contract of an even date  herewith,  is a material  inducement to
EPIC to enter into this  Agreement,  and that EPIC would not otherwise  agree to
the terms hereof.

            To obtain a Loan Advance "draw," RONSON shall deliver a draw request
to EPIC  signed by an  officer  of RONSON  in the form set forth in  Exhibit  A,
together  with  supporting  invoices,  bids  and/or  work  orders for the goods,
services or equipment  RONSON intends to acquire in completing the  Construction
of the New  Hangar.  EPIC  shall  tender  funds to RONSON  upon  receipt  of the
foregoing.

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         In  addition  to  other  remedies  provided  by  law,  if  RONSON:  (a)
terminates the Fuel Purchase  Contract  (this and all further  references to the
Fuel Purchase  Contract shall be deemed to include the  amendments  incorporated
into that  contract by the  Amendment to the Fuel  Purchase  Contract,  executed
contemporaneously  herewith) for any reason  (voluntarily or involuntarily);  or
(b)  breaches  the  Fuel  Purchase  Contract  in any  material  respect  (each a
"Triggering  Event"),  then EPIC shall have no further obligation to advance any
additional  funds to RONSON  and  RONSON  shall  repay to EPIC the  entire  Loan
Advance  balance of all funds  advanced by EPIC to RONSON  under this  Agreement
that have not then been  repaid  according  to the terms  below,  together  with
accrued interest (the "Default Repayment Amount") within ten (10) days of EPIC's
written  demand for  payment  thereof.  In the event  RONSON  fails to make full
payment of the Default  Repayment  Amount within ten (10) days of EPIC's written
demand,  the unpaid  balance  shall  accrue  interest at the rate of twelve (12)
percent per annum from the date of demand.  Pursuing  collection  of the Default
Repayment Amount is not an exclusive remedy and may be enforced independently or
cumulatively without waiver of any other available remedy. Likewise,  payment of
the entire  Default  Repayment  Amount  does not  release  RONSON from its other
obligations hereunder.

         2. The term of this  Agreement  shall be ten (10)  years  from the date
this Agreement is first signed (the "Term").

         3. Interest Rate. The interest rate on the Loan Advance shall be at the
            -------------
rate of 6% per annum.  Interest is  calculated  on the basis of actual number of
days elapsed divided by 365.

         4.  Unless  otherwise  specified  herein,  RONSON  shall repay the Loan
Advance,  together with interest  thereon,  to EPIC by payment of a surcharge on
fuel purchased under the Fuel Purchase Agreement. Specifically, RONSON shall pay
a $.0725 (seven and one quarter cents) per gallon surcharge (the "Surcharge") on
all fuel (Av Gas,  Jet Fuel with  Additive  and Jet Fuel)  purchased  during the
Extended  Term of the Fuel Purchase  Contract,  from the first tender by EPIC of
the Loan Advance  until the Loan Advance owed by RONSON to EPIC is paid in full.
The Surcharge  shall be added to each invoice for fuel  purchased by RONSON from
EPIC  and  shall be paid on the  same  terms  and  conditions  as fuel  purchase
reflected on said invoice.  If the cumulative amount of Surcharge paid by RONSON
during the Extended  Term should at any time fall below the amount  RONSON would
then have been  required  to pay had the Loan  Advance  and  attendant  interest
hereunder been payable in equal monthly installments with an interest rate of 6%
per annum,  amortized over 72 months (the "Minimum  Payment"),  EPIC may require
RONSON to make additional  payment in an amount equal to the difference  between
such  cumulative  Surcharge  and the Minimum  Payment  amount  (the  "Deficiency
Payment") by giving RONSON written notice of such  requirement  (the "Deficiency
Notice"). Payment of any Deficiency Amount hereunder shall be due within fifteen
(15) days of RONSON's receipt of a Deficiency  Notice.  All Deficiency  Payments
shall be deemed  payment  of the  Surcharge  for future  calculations  under the
preceding  provisions of this Paragraph 4. No Surcharge shall be charged by EPIC
to RONSON for fuel purchases  during any period of time during the Extended Term
when no sums are outstanding for Loan Advances or interest thereon.

         RONSON  acknowledges  and agrees that it is solely  responsible for any
and all taxes,  levies,  fines or fees associated with the Surcharge  and/or the
Construction  of the New Hangar and  agrees to defend,  indemnify  and hold EPIC
harmless  from any claims or  liability  whatsoever  relating  in any way to the
Construction  of the New  Hangar  or to any  potential  tax,  levy,  fine or fee
associated with the Surcharge.

         5. RONSON shall be solely and completely responsible for the selection,
installation  and  maintenance  of the  Construction  and for all  dealings  and
communications with any manufacturer, vendor,

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contractor,  employee,  governmental entity or any other person, party or entity
in  any  way  related  to  the   Construction.   RONSON'S   sole  and  exclusive
responsibilities  shall include, but shall not limited to, selecting the vendor,
manufacturer,  contractor,  or other person or entity,  negotiating all terms of
engagement,  securing all necessary or required permits,  licenses or approvals,
reviewing,   evaluating  and  assessing  specifications,   proposals  or  plans,
supervising  and/or inspecting work, goods or equipment,  and making payment for
any relevant goods, services,  equipment, permits, licenses, permits, approvals,
including  payment of associated  fines,  taxes, fees or other costs that may be
imposed,  levied,  assessed in  connection  with the  Construction.  EPIC's only
relationship in connection with this Agreement  and/or the  Construction is that
of a lender to RONSON.  RONSON and EPIC agree that EPIC is only  responsible for
advancing funds to RONSON for it to procure and complete construction of the New
Hangar,  and  RONSON has and shall  select  and  engage  all  goods,  equipment,
vendors, manufacturers, contractors, and/or other based on its own investigation
with no representations or warranties of any kind whatsoever by EPIC.

         6. Title to the New Hangar,  all  components  thereof and all goods and
equipment procured to effect completing the Construction shall be held solely by
RONSON,  subject to a security  interest in favor of EPIC,  as set forth in that
certain  Security   Agreement,   by  and  between  EPIC  and  RONSON,   executed
contemporaneously herewith, and to the additional encumbrances set forth in said
Security Agreement and the provisions of the Lease (as defined therein).  RONSON
shall maintain,  at its sole cost and expense,  at all times during the Extended
Term,  a  casualty  insurance  policy  for the  full  replacement  value  of the
Construction,  together with a policy or rider covering the spill, discharge and
slow or gradual leakage of contaminants  from, or related to, the  Construction.
Such policies shall be with companies reasonably  satisfactory to EPIC and shall
name EPIC as an additional insured.

         7. As a  specifically  bargained  for  inducement  to enter  into  this
Agreement,  RONSON agrees that it shall indemnify, defend and hold EPIC harmless
from any and all liability,  damage, expense,  attorney's fees and costs, causes
of action, suits, claims or judgments (collectively,  "Claims"), relating in any
way to the  Construction,  goods or  services  relating to the  Construction  or
component  parts of the  Construction,  or arising in any way from the breach of
any  agreement  with any third  party,  injury  to person or damage to  property
arising out of or connected in any way with the use, occupancy,  management,  or
control of any of the  Construction  or any of RONSON's  operations or property,
including  without  limiting  the  generality  of  the  foregoing,  the  design,
manufacture, delivery, installation,  maintenance and use of the Construction. .
RONSON shall, at its own cost and expense, defend any and all suits which may be
brought against EPIC either alone or in conjunction with others, upon any of the
above  mentioned  Claims,  and  shall  satisfy,  pay and  discharge  any and all
judgments  that may be  recovered  against EPIC in any such action or actions in
which EPIC may be a party defendant.

         8. EPIC MAKES NO (AND SHALL NOT BE DEEMED TO HAVE MADE ANY) WARRANTIES,
EXPRESS OR IMPLIED, AS TO ANY MATTER WHATSOEVER,  INCLUDING MATERIAL,  EQUIPMENT
OR  WORKMANSHIP  IN THE  CONSTRUCTION  OR ANY COMPONENT PART THEREOF OR SERVICES
ASSOCIATED  THEREWITH,  INCLUDING BUT NOT LIMITED TO ITS  MERCHANTABILITY OR ITS
FITNESS FOR ANY PARTICULAR PURPOSE,  THE STATE OF TITLE THERETO OR ANY COMPONENT
THERETO,  THE ABSENSE OF LATENT OR OTHER DEFECTS (WHETHER OR NOT  DISCOVERABLE);
IT BEING  UNDERSTOOD THAT THE RELATIONSHIP AS BETWEEN EPIC AND RONSON IS THAT OF
LENDER AND BORROWER  ONLY AND ALL SUCH RISKS,  IF ANY, ARE TO BE BORNE SOLELY BY
RONSON. NO DEFECT IN, OR UNFITNESS OF, THE CONSTRUCTION,  MATERIAL, EQUIPMENT OR
WORKMANSHIP IN THE  CONSTRUCTION OR ANY COMPONENT PART THEREOF,  OR ANY SERVICES
ASSOCIATED  THEREWITH,  OR ANY OF THE OTHER  FOREGOING  MATTERS,  SHALL  RELIEVE
RONSON OF THE  OBLIGATION  TO REPAY EPIC FOR ANY  AMOUNTS  ADVANCED TO RONSON OR
ADVANCED  FOR  RONSON'S  BENEFIT OR OF ANY OTHER  OBLIGATION  OF RONSON TO EPIC.
RONSON  HAS MADE THE  SELECTION  OF THE  CONSTRUCTION,  MATERIAL,  EQUIPMENT  OR
WORKMANSHIP  IN THE  CONSTRUCTION  OR ANY

<page>

COMPONENT PART THEREOF,  OR SERVICES  ASSOCIATED  THEREWITH,  BASED UPON ITS OWN
JUDGMENT  AND  EXPRESSLY   DISCLAIMS   ANY  RELIANCE  UPON  ANY   STATEMENTS  OR
REPRESENTATIONS  MADE BY EPIC.  EXCEPT AS EXPRESSLY  STATED HEREIN,  EPIC IS NOT
RESPONSIBLE FOR ANY REPAIRS, SERVICE, MAINTENANCE, OR DEFECT IN THE CONSTRUCTION
OR THE  OPERATION  THEREOF.  IN NO EVENT SHALL EPIC BE LIABLE FOR ANY  INDIRECT,
SPECIAL OR CONSEQUENTIAL DAMAGES (WHETHER UNDER THE UCC OR OTHERWISE), INCLUDING
WITHOUT  LIMITATION,  ANY LOSS,  COST OR DAMAGE TO RONSON OR OTHERS ARISING FROM
ANY OF THE FOREGOING MATTERS, INCLUDING WITHOUT LIMITATION, DEFECTS, NEGLIGENCE,
DELAYS, FAILURE OF DELIVERY OR NON-PERFORMANCE OF THE CONSTRUCTION. THE TERMS OF
THIS  AGREEMENT,  INCLUDING  THE  AGREEMENT TO REPAY FUNDS  ADVANCED BY EPIC ARE
ABSOLUTE, IRREVOCABLE AND UNCONDITIONAL AND SHALL NOT BE SUBJECT TO ANY RIGHT OF
SET OFF, COUNTERCLAIM,  DEDUCTION,  DEFENSE OR OTHER RIGHT WHICH RONSON MAY HAVE
AGAINST ANY VENDOR, MANUFACTURER, CONTRACTOR, SUPPLIER, EPIC OR ANY OTHER PARTY.

         9.  Notwithstanding  any other  provision to the contrary  herein,  all
payments under this Agreement  (including,  without  limitation,  the Surcharge)
shall be paid to the  order of EPIC at 1790  16th  Street  SE in  Salem,  Oregon
97302,  or at such other place as the EPIC may  designate  in writing.  Payments
received by EPIC shall be applied and credited to the amounts due to EPIC in the
following order.

                  a.       To reasonable  attorneys'  fees and collection  costs
                           incurred by EPIC and chargeable to RONSON pursuant to
                           the terms of this Agreement;

                  b.       To interest to the date of payment;

                  c.       To the principal balance due under this Agreement.

         10. RONSON shall be in default if:

                  a.       Any payment is not made to EPIC within 15 days of the
                           due date;

                  b.       Any  obligation  under  this  Agreement  or any other
                           agreement  between RONSON and EPIC is breached in any
                           material  respect or is not performed in any material
                           respect,  unless such breach is  corrected  within 30
                           days of written notice of such breach to RONSON;

         11. Upon default,  and during the continuation  thereof,  EPIC shall be
entitled to exercise one or more of the  following  remedies  without  notice or
demand (except as required by law):

                  a.       To collect the outstanding obligations hereunder with
                           or without resorting to judicial process;

<page>

                  b.       To elect and/or  exercise any remedy or collection of
                           remedies  as EPIC may have  under  the Fuel  Purchase
                           Contract or the Business  Application  for Credit and
                           Agreement;

                  c.       EPIC's  rights are  cumulative  and may be  exercised
                           together, separately and in any order.

         12.  Failure to  exercise  any right EPIC may have or be entitled to in
the event of any default  hereunder  shall not constitute a waiver of such right
or any other right in the event of a subsequent default.

         13.  RONSON  waives  demand,  presentment,  and notice of dishonor  and
protest of any instrument either of RONSON or others which may be related to its
obligations under this Agreement.

         14. RONSON hereby irrevocably  submits to the jurisdiction of the State
of Oregon and consents to venue in Marion County Circuit  Court,  Marion County,
Oregon.  RONSON agrees that it will not claim that such forum is an inconvenient
forum and hereby specifically waives any and all objection to having any dispute
relating to this  Agreement  resolved in Marion  County  Circuit Court in Salem,
Oregon.  The laws of the State of Oregon  shall govern this  Agreement,  without
regard to local conflict of law rules.

         15.  Nothing  herein  shall  be  construed  or  deemed  to  create  any
relationship of joint venture,  partnership  master-servant  or  principal-agent
between EPIC and RONSON. It is not the intention of the parties hereto to create
any such  relationship,  and the  parties  intend that the  relationship  of the
parties is solely that of borrower and lender.

         16.  Upon  demand,  RONSON  shall  immediately  reimburse  EPIC for all
amounts  (including  reasonable  attorneys' fees and legal expenses) expended by
EPIC, to the extent  permitted by applicable  law, in the enforcement or defense
of any  obligation  or the  exercise  of any right or remedy  described  in this
Agreement or in the  enforcement or defense of any obligation or the exercise of
any right or remedy  relating to the Fuel  Purchase  Contract  between  EPIC and
RONSON.  Reimbursement  shall  include  costs  incurred  in  any  legal  action,
arbitration,  mediation,  or other  proceeding,  both at trial and on any appeal
there from or petition for review  thereof.  If a court construes this provision
to  award  attorneys'  fees  and  costs to the  prevailing  party  then the term
"prevailing  party" shall mean the party  prevailing  on issues  related to this
Agreement and the Fuel Purchase  Contract only. All reasonable  costs shall bear
interest at the rate described in this Agreement.

         17.  RONSON  warrants  and  represents  that  all  funds  advanced  and
represented by this Agreement are solely for business and commercial purposes.

         18. This Agreement, and the Amendment to the Fuel Purchase Contract and
the Security  Agreement have been prepared by counsel for EPIC. RONSON expressly
acknowledges  that it has had the opportunity to be  independently  advised with
regard  to this  transaction,  including  the  Amendment  to the  Fuel  Purchase
Contract, the Security Agreement and this Agreement.  The parties agree that the
rule of  construction  which  establishes  that a  written  agreement  shall  be
construed against the party preparing or drafting such agreement shall not apply
to the interpretation or construction of this Agreement,  the Security Agreement
and the Amendment to the Fuel Purchase Contract.

<page>

         19.  Whenever  possible,  each  provision  of  this  Agreement  will be
interpreted  in such manner as to be effective and valid under  applicable  law,
but if any  provision  of this  Agreement  is  prohibited  by or  invalid  under
applicable  law,  such  provision  will be  ineffective  to the  extent  of such
prohibition or invalidity,  without invalidating the remainder of such provision
or the remaining provisions of this Agreement.

         20. Notwithstanding any other provision to the contrary herein, any and
all rights of EPIC hereunder, including, without limitation, to repayment of the
Loan Advance, is and shall be subordinated to the prior payment and satisfaction
of any  and  all  loans,  advances  and  extensions  of  credit  made by The CIT
Group/Commercial  Services,  Inc.,  as agent for itself and CIT  Financial  Ltd.
(collectively  "CIT"),  to RONSON,  and to Ronson  Corporation,  Ronson Consumer
Products  Corporation  and Ronson  Corporation  of Canada  Ltd.  (together  with
RONSON,  the "RONSON  Group"),  and to all other  indebtedness,  obligations and
liabilities  of the RONSON Group to CIT;  and, if requested by CIT,  EPIC hereby
agrees to enter into a subordination  agreement prescribed by CIT in evidence of
the foregoing.

UNDER OREGON LAW, MOST  AGREEMENTS,  PROMISES AND  COMMITMENTS  MADE BY A LENDER
AFTER OCTOBER 3, 1989 CONCERNING  LOANS AND OTHER CREDIT  EXTENSIONS,  WHICH ARE
NOT FOR  PERSONAL,  FAMILY  OR  HOUSEHOLD  PURPOSES  OR  SECURED  SOLELY  BY THE
BORROWER'S RESIDENCE MUST BE IN WRITING,  EXPRESS CONSIDERATION AND BE SIGNED BY
LENDER TO BE ENFORCEABLE.



<page>

         IN WITNESS WHEREOF,  the parties hereto have executed this Agreement by
their duly authorized officers as of the date first written above.


EPIC AVIATION, LLC.  dba Air BP              Ronson Aviation, Inc.
Aviation Services


By       /s/ Michael W. Delk                 By       /s/ Louis V. Aronson II
         -----------------------------                --------------------------
Its      President                           Its      President & CEO
         -----------------------------                --------------------------
Date:    6/13/07                             Date:    5/30/07
         -----------------------------                --------------------------