<PAGE>

                                                                   Exhibit 10.25

                      SECURED FULL RECOURSE PROMISSORY NOTE

U.S. $25,000,000                                                November 2, 2001

     FOR VALUE RECEIVED, the undersigned, William T. Coleman, III (the
"Employee") and Claudia L. Coleman (the "Borrower", together with the
Employee, the "Borrowers"), jointly and severally, promise to pay to the
order of BEA Systems, Inc., a Delaware corporation (the "Lender", which such
term includes any successors and assigns thereof), at 2315 North First Street
San Jose, California 95151 (or at such other place as the Lender may from time
to time designate by written notice to the Borrowers), in lawful money of the
United States, the principal sum of Twenty-Five Million Dollars ($25,000,000),
or such lesser amount of Loans (as defined below) that shall be or remain
outstanding under the terms of this Note, plus interest which shall accrue on
the unpaid principal balance of this Note.

     This Note shall be subject to following terms:

     1.   LOANS.
          -----

          (a)   Prior to the occurrence of the Maturity Date (as defined in
Section 2) or a Maturity Event (as defined in Section 4), the Lender shall make
loans (each a "Loan" and collectively the "Loans") to the Borrowers from
time to time, not to exceed in the aggregate Twenty-Five Million Dollars
($25,000,000) (the "Line of Credit"). Once repaid, the Loans may not be
reborrowed.

          (b)   At any time and from time to time prior to the occurrence of the
Maturity Date or a Maturity Event, the Borrowers may request in writing that
the Lender make a Loan to the Borrowers under the Line of Credit, indicating
the date and amount of the Loan, in the minimum amount of $1,000,000 and
integral multiples thereof, no later than 5:00 p.m., Pacific time, on the date
five Business Days preceding the proposed date of such borrowing. The Lender
shall be entitled to act on the instructions of any person identifying him or
herself as acting on behalf of the Borrowers and the Borrowers shall be bound
thereby in the manner as if the person were actually acting on behalf of the
Borrowers. The Borrowers agree to indemnify, defend, protect and hold the
Lender harmless from any and all claims, damages, liabilities, losses, costs
and expenses (including attorney's fees) which may arise or be created by the
acceptance of instructions for making loans. "Business Day" shall mean any
day other than a Saturday, Sunday or public holiday or the equivalent for banks
in San Francisco, California.

          (c)   The Borrowers agree that the Lender may evidence each Loan by
entry on its books of the date, amount and repayment date of each Loan and all
payments made on account of principal and interest on each Loan. The failure by
the Lender to make an entry on its books shall not limit or otherwise affect
the obligations of the undersigned or any endorser or guarantor of this Note to
repay the Loans to the Lender.

<PAGE>


     2.   PAYMENT.     All payments of principal and interest shall be due on or
          -------
after November 2, 2002 upon 90 days written demand (the "Maturity Date"), or
such earlier date as principal and accrued interest is made due and payable
pursuant to the terms hereof.

     3. SECURITY.  This note shall be secured by a deed of trust of even date
        --------
herewith made by the Trustees of the Coleman Family Trust under instrument
dated July 12, 1995, as grantor, to the Public Trustee of Pitkin County, as
trustee for the Lender, as beneficiary (the "Deed of Trust"), encumbering
certain real property located in Aspen, Colorado, described on Exhibit A
                                                               ---------
attached hereto (the "Property") and such additional collateral, if any, and
in accordance with Section 7(b) of this Note, that the Lender shall request to
fully secure the obligations hereunder and as specified herein (the
"Additional Collateral").

     4.   MATURITY EVENT.     Upon the earlier to occur of the Maturity Date or
          --------------
a Maturity Event (as hereinafter defined), the entire outstanding principal
amount of this Note plus accrued but unpaid interest hereon, if any, and any
other sums due hereunder, shall become immediately due and payable upon notice
by Lender in the case of a Maturity Event (as defined below) under clauses (a)
through (c) or (e) through (g) of this Section 4 and shall be immediately due
and payable without further demand or notice to the Borrowers in the case of
the Maturity Date or a Maturity Event under clause (d) of this Section 4. To
the extent permitted by law, each of the following events shall be a "Maturity
Event" under this Note and the Deed of Trust:

          (a)   Ninety (90) days shall pass after the date of termination or
cessation of the Employee's employment with Lender for any reason (other than
as set forth in Section 4(f) below);

          (b)   There shall occur any default in the performance of any
obligation of the Employee, the Borrower or the grantor of the Deed
of Trust (i) contained in this Note, Deed of Trust, any other deed of trust or
mortgage encumbering the Property or the Additional Collateral, if any, or any
other deed of trust, security agreement or other agreement (including any
amendment, modification or extension thereof) which may hereafter be executed by
the Borrowers for the purpose of securing this Note, or (ii) with respect
to any indebtedness in excess of ten million dollars ($10,000,000);

          (c)   The Employee, the Borrower or the grantor of the Deed of Trust,
without the prior written consent of the Lender, shall sell, convey, encumber,
grant any lien upon or otherwise alienate the Property or the Additional
Collateral, if any, or any part thereof, or any interest therein, or shall be
divested of his or her title or any interest therein in any manner or way,
whether voluntarily or involuntarily;

          (d)   Either the Employee or the Borrower shall (i) admit in writing
his or her inability to pay the Borrowers' debts as they become due, (ii) make
a general assignment for the benefit of creditors, (iii) file a voluntary
petition in bankruptcy, effect a plan or other arrangement with creditors,
liquidate assets under arrangement with creditors, or liquidate his or her
assets under court supervision, (iv) have an involuntary petition in bankruptcy
filed against him or her that is not discharged within sixty (60) days after
such petition is filed, (v) apply for or permit the appointment of a receiver
or trustee or custodian for any of his or her property or assets which shall
not have been discharged within sixty (60) days after the date of appointment,
or (vi) have a judgment rendered

<PAGE>

against him or her by a court of competent jurisdiction for an amount in excess
of ten million dollars ($10,000,000) which remains unpaid or unstayed for 30
days;

          (e)   Any representation or warranty of, the Employee, the Borrower or
the grantor of the Deed of Trust contained herein or in the Deed of Trust, or
any statement or instrument executed in connection with this Note shall prove
to have been false or misleading in any material respect;

          (f)   One Hundred Eighty (180) days shall pass after the Employee's
death or the date of cessation or termination of the Employee's employment with
Lender due to permanent disability; or

          (g)   The grantor of the Deed of Trust shall fail to execute,
acknowledge and deliver the Deed of Trust or any other transfer declarations,
indemnities (including a mechanics' lien indemnification) or other document
requested in connection with the grant of the Deed of Trust within thirty (30)
days from the date hereof.

     5.   INTEREST.     Interest on the outstanding principal balance of this
          --------
Note shall accrue at the rate of six percent (6%) per annum. Upon the failure
of the Borrowers to pay the outstanding principal balance when due according to
the terms hereof, interest on the outstanding principal balance shall
thereafter accrue at the rate of ten percent (10%) per annum, or if lower, the
highest rate permitted by applicable law. Interest shall be calculated on the
basis of a three hundred sixty (360) day year consisting of twelve (12) 30-day
months, and shall compound annually.

     6.   BORROWER'S REPRESENTATIONS.     The Borrowers hereby make the
          --------------------------
following representations and warranties to the Lender and acknowledge that the
Lender is relying on such representations in making the Loans:

          (a)   The grantor of the Deed of Trust has good and marketable title
to the Property;

          (b)   The consent of no person or entity other than the grantor of the
Deed of Trust is required to grant the security interest in the Property to the
Lender evidenced by the Deed of Trust;

          (c)   There are no material actions, proceedings, claims or disputes
pending or, to the Borrowers' knowledge, threatened against or affecting the
Borrowers or the Property; and

          (d)   The Property does not have any mortgages, deeds of trust or
mechanics', materialmen's or other liens of any kind affecting them as of the
date of this Note.

     7.   BORROWERS' ADDITIONAL OBLIGATIONS.
          ---------------------------------
          (a)   The Borrowers shall promptly take or cause the grantor of the
Deed of Trust to take any and all further actions that may from time to time be
required to ensure that the Deed of Trust creates a valid first priority lien
on the Property and, if applicable, that the Lender has a valid first priority
lien on any Additional Collateral. In connection with the foregoing, the
Borrowers agree

<PAGE>

to execute and deliver any documentation requested by Lender in order to grant
a first priority lien in the Additional Collateral, if any. If it should be
hereafter determined that there are defects against title or matters which
could result in defects against title to the Property, or that the consent of
another person or entity is required to grant to and perfect in Lender a valid
first-priority lien on the Property, the Borrowers shall promptly take or cause
the grantor of the Deed of Trust to take all action necessary to remove such
defects and to obtain such consent and grant (or cause to be granted) and
perfect such lien on the Property. The Borrowers shall also promptly take or
cause the grantor of the Deed of Trust to take all actions as may be required
by the title company insuring the Lender's interest in the Property to issue a
title insurance policy (including endorsements) in the form required by the
Lender, including, without limitation, mechanics' lien indemnities.

          (b)   The Borrowers hereby covenant to grant to the Lender and perfect
any additional security interest the Lender may deem necessary to secure the
obligations hereunder including, without limitation, with respect to the
Additional Collateral, should the appraisal of the Property ordered by the
Lender from Aspen Real Estate Appraisers conclude that the fair market value of
the Property is less than Twenty-Five Million Dollars ($25,000,000).

     (c)   The Borrowers hereby covenant to apply all of the proceeds from any
Loans to repay indebtedness of the Borrowers existing on the date hereof as
approved of by Lender.

     8.   DUE ON SALE.   The Deed of Trust provides, among other things, as
          -----------
     follows:

     "If all or any part of the Property or any interest in the Property
     is sold or transferred (or if Borrower is not a natural person, and a
     beneficial interest in Borrower is sold or transferred) without Lender's
     prior written consent, Lender may require immediate payment in full of all
     sums secured by this Security Instrument."

     9.   ATTORNEYS' FEES.     If this Note is not paid when due, the Borrowers
          ---------------
shall pay all costs of collection, including reasonable attorney's fees,
incurred by the Lender on account of such collection, whether or not suit is
filed hereon.

     10.  WAIVER.     The waiver by the Lender of any breach of or default under
          ------
any term, covenant or condition contained herein or in any other agreement
referred to above shall not be deemed to be a waiver of any subsequent breach
of or default under the same or any other such term, covenant or condition.

     11.  NO USURY.     Anything in this Note to the contrary notwithstanding,
          --------
it is expressly stipulated and agreed that the intent of the Borrowers and the
Lender is to comply at all times with all usury and other laws relating to this
Note. To the extent applicable, if any applicable laws would now or hereafter
render usurious, or are revised, repealed or judicially interpreted so as to
render usurious, any amount called for under this Note, or contracted for,
charged or received with respect to the loan evidenced by this Note, or if any
prepayment by the Borrowers result in the Borrowers having paid any interest in
excess of that permitted by law, then it is the Borrowers' and the Lender's
express intent that all excess amounts theretofore collected by the Lender be
credited to the principal balance of this Note (or, if this Note has been paid
in full, refunded to the Borrowers), and the provisions of this Note
immediately be deemed reformed and the amounts therefor collectible

<PAGE>

hereunder reduced, without the necessity of execution of any new document, so
as to comply with the then applicable law, but so as to permit the recovery of
the fullest amount otherwise called for hereunder.

     12.  PREPAYMENT.  The Borrowers may prepay all or any portion of this Note
          ----------
at any time prior to the occurrence of a Maturity Event, without premium or
penalty.

     13.  GENERAL PROVISIONS.  This Note shall be governed by and construed in
          ------------------
accordance with the laws of the State of Colorado. The Borrowers hereby waive
presentment for payment, protest and demand, notice of protest, demand and
dishonor and nonpayment of this Note, and consent that the Lender may extend
the time for payment or otherwise modify the terms of payment or any part of
the whole of the debt evidenced by this Note, at the request of any person
liable hereon, and such consent shall not otherwise alter nor diminish the
liability of any person. The Borrowers hereby waive the defense of the statute
of limitations in any action on this Note to the extent permitted by law. Any
action to enforce this Note against the Borrowers may be brought in any state
or federal court of competent jurisdiction located in the States of Colorado or
California, or with regard to the Additional Collateral, may also be brought
wherever the Additional Collateral is located. THE BORROWERS HEREBY CONSENT TO
PERSONAL JURISDICTION IN ANY STATE OR FEDERAL COURT LOCATED IN EITHER
CALIFORNIA OR COLORADO AND, WAIVE ANY OBJECTION TO JURISDICTION OR VENUE IN,
AND AGREE NOT TO ASSERT ANY DEFENSE BASED ON LACK OF JURISDICTION OR VENUE IN
THE AFORESAID COURTS. THE BORROWERS AND THE LENDER EACH WAIVE THEIR RESPECTIVE
RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING
OUT OF THE NOTE, THE DEED OF TRUST OR ANY OF THE TRANSACTIONS CONTEMPLATED
THEREIN.

     14.  ACKNOWLEDGEMENTS.
          ----------------

          (a)   The Employee understands and acknowledges that this Note does
not modify the Employee's at-will status as an employee of the Lender and does
not constitute an employment agreement or a promise by the Lender to continue
the Employee's employment. Either the Lender or the Employee may terminate such
employment relationship at any time, with or without cause; and

          (b)   The Borrowers hereby acknowledge that the Lender has made no
representation or warranty to the Borrowers concerning the income tax
consequences of the loan to the Borrowers and the Borrowers shall be solely
responsible for ascertaining and bearing such tax consequences.

             [The remainder of this page intentionally left blank.]

<PAGE>

     15.  THIS NOTE, THE DEED OF TRUST, AND ALL RELATED DOCUMENTATION ARE
EXECUTED VOLUNTARILY AND WITHOUT ANY DURESS OR UNDUE INFLUENCE ON THE PART OF
OR ON BEHALF OF THE PARTIES HERETO, WITH THE FULL INTENT OF CREATING THE
OBLIGATIONS AND SECURITY INTEREST DESCRIBED HEREIN AND THEREIN. THE BORROWERS
ACKNOWLEDGE THAT: (a) HE AND SHE HAVE READ SUCH DOCUMENTATION; (b) HE AND SHE
HAVE BEEN REPRESENTED IN THE PREPARATION, NEGOTIATION AND EXECUTION OF SUCH
DOCUMENTATION BY LEGAL COUNSEL OF HIS OWN CHOICE OR THAT HE HAS VOLUNTARILY
DECLINED TO SEEK SUCH COUNSEL; (c) HE AND SHE UNDERSTAND THE TERMS AND
CONSEQUENCES OF THIS NOTE, THE DEED OF TRUST AND ALL RELATED DOCUMENTATION AND
THE OBLIGATIONS THEY CREATE; AND (d) HE AND SHE ARE FULLY AWARE OF THE LEGAL
AND BINDING EFFECT OF THIS NOTE, THE DEED OF TRUST AND THE OTHER DOCUMENTS
CONTEMPLATED BY THIS NOTE.

                                    BORROWERS:

                                    /s/ William T. Coleman, III
                                    --------------------------------------------
                                    William T. Coleman, III

                                    /s/ Claudia L. Coleman
                                    --------------------------------------------
                                    Claudia L. Coleman

     AGREED:

     /s/ William M. Klein
     -------------------------------
     By: BEA Systems, Inc.
     Name:
     Title:

<PAGE>

                                    EXHIBIT A
                                    ---------

                                    Property

     That certain real property situated in Pitkin County, Colorado, described
as follows: Lot 10, Calderwood Subdivision, according to the Plat thereof
recorded in Ditch Book 2A at Page 254.