Document:

Exhibit 10.13
FIRST TERM NOTE

$2,371,726.50                                                       WHEELING, WV
                                                              DECEMBER    , 2001

         FOR VALUE RECEIVED, the undersigned, WHEELING CITY CENTER HOTEL, LLC, a
West Virginia limited liability company (hereinafter called "Borrower"),
promises to pay to the order of WESBANCO BANK, INC., a West Virginia banking
corporation (hereinafter called "Bank"), at the principal office of the Bank in
Wheeling, West Virginia, or such other place as the holder hereof may designate
in writing, the principal sum of TWO MILLION THREE HUNDRED SEVENTY-ONE THOUSAND
SEVEN HUNDRED TWENTY-SIX DOLLARS AND FIFTY CENTS ($2,371,726.50), together with
interest on the unpaid balance hereof at the fixed rate of Seven and One-half
Percent (7-1/2%) per annum.

         Upon the occurrence of an Event of Default, as defined by Section 8 of
that certain Loan and Security Agreement of even date herewith, the Bank may, in
its sole discretion, increase the interest rate on this Term Note by 2.0
percentage points.

         The principal balance outstanding under this Term Note shall be
amortized on the basis of a _________ (____) month term. Beginning on the 30th
day of ___________, 2001, Borrower shall make consecutive monthly installments
in the minimum amount of Seventeen Thousand Seven Hundred Thirty-six Dollars
($17,736.00) per month, with a balloon payment of all remaining principal and
accrued but unpaid interest being due on the 30th day of October, 2003.

         Borrower may prepay the principal amount outstanding in whole or in
part. Any partial prepayment shall be applied against the principal amount and
shall not postpone the due date of any subsequent monthly installment or change
the amount of such installment.

         All payments on account of the indebtedness evidenced by the First Term
Note shall be applied first to interest and then to the reduction of principal.
This First Term Note is issued pursuant to Section 1.2 of that certain Loan and
Security Agreement dated of even date herewith between the Borrower, the Bank
and others, and reference is made to said agreement for rights as to the
acceleration of the indebtedness evidenced by the First Term Note.

<PAGE>

         Presentment, notice of dishonor and protest are hereby waived by all
makers, sureties, guarantors and endorsers hereof. This First Term Note shall be
the joint and several obligation of all makers, sureties, guarantors and
endorsers and shall be binding upon them and their successors and assigns.

         The indebtedness evidenced by this First Term Note is secured by a Deed
of Trust, Security Agreement, and a Loan and Security Agreement of even date
herewith and references are hereby made to said instruments for rights as to
acceleration of the indebtedness evidenced by this First Term Note.

         This First Term Note is in substitution of a certain Term Note dated
April ____, 1999, wherein McLure House Hotel & Conference Center, LLC is the
Borrower, Wesbanco Bank Wheeling is Lender, and Pelican Properties,
International Corp is Guarantor. No new money will be advanced to Borrower by
Bank under this First Term Note.

                                    BORROWER:

                                    WHEELING CITY CENTER HOTEL, LLC, A WEST
                                    VIRGINIA LIMITED LIABILITY COMPANY

                                    BY_____________________________________
                                             ITS ______________________

<PAGE>

                                   GUARANTORS:

                                   PELICAN PROPERTIES, INTERNATIONAL
                                   CORP., A FLORIDA CORPORATION

                                   BY_____________________________________
                                            ITS ______________________

                                   MCLURE HOUSE HOTEL & CONFERENCE
                                   CENTER, LLC, A WEST VIRGINIA LIMITED
                                   LIABILITY COMPANY

                                   BY_____________________________________
                                            ITS ______________________Exhibit 10.20

SECOND TERM NOTE

$100,990.31                                                       WHEELING, WV
                                                              DECEMBER    , 2001

         FOR VALUE RECEIVED, the undersigned, WHEELING CITY CENTER HOTEL, LLC, a
West Virginia limited liability company (hereinafter called "Borrower"),
promises to pay to the order of WESBANCO BANK, INC., a West Virginia banking
corporation (hereinafter called "Bank"), at its principal office, One Bank
Plaza, Wheeling, West Virginia, or such other place as the holder may designate
in writing, the principal sum of ONE HUNDRED THOUSAND NINE HUNDRED NINETY
DOLLARS AND THIRTY-ONE CENTS ($100,990.31), together with interest on the unpaid
balance hereof at a variable rate equal to the Bank's Base Rate, plus one
percent (1%), per annum, fluctuating annually. The term Base Rate shall mean the
rate of interest announced by the Bank from time to time as its prevailing
commercial rate.

         Upon the occurrence of an Event of Default, as defined by Section 8 of
that certain Loan and Security Agreement of even date herewith, the Bank may, in
its sole discretion, increase the interest rate on this Term Note by 2.0
percentage points.

         The principal balance outstanding under this Term Note shall be
amortized on the basis of a ____________ term. Beginning on the 30th day of
____________, 2001, Borrower shall make consecutive monthly installments in the
minimum amount of Three Thousand Four Hundred Ninety-two ($3,492.00), principal
and interest, and continuing on the same day of each month thereafter until
repaid in full. Adjustments in the interest rate as above provided shall
automatically adjust the monthly payment to insure a level amortization of
principal over the term of the Second Term Note. Any unpaid principal balance
and all unpaid and accrued interest, if not sooner paid, shall be paid in full
on the 17th day of May, 2004.

         All payments on account of the indebtedness evidenced by the Second
Term Note shall be applied first to interest and then to the reduction of
principal. This Second Term Note is issued pursuant to Section 1.3 of that
certain Loan and Security Agreement dated of even date herewith between the
Borrower, the Bank and others, and reference is made to said agreement for
rights as to the acceleration of the indebtedness evidenced by the Second Term
Note.

<PAGE>

         Presentment, notice of dishonor and protest are hereby waived by all
makers, sureties, guarantors and endorsers hereof. This Second Term Note shall
be the joint and several obligation of all makers, sureties, guarantors and
endorsers and shall be binding upon them and their successors and assigns.

         The indebtedness evidenced by this Second Term Note is secured by a
Deed of Trust, Security Agreement, and a Loan and Security Agreement of even
date herewith and references are hereby made to said instruments for rights as
to acceleration of the indebtedness evidenced by this Second Term Note.

         This Second Term Note is in substitution of a certain Term Note dated
May 17, 2001, wherein McLure House Hotel & Conference Center, LLC is the
Borrower, Wesbanco Bank, Inc. is Lender, and the terms of each Note are
essentially the same. No new money will be advanced to Borrower by Lender under
this Second Term Note.

                                    BORROWER:

                                    WHEELING CITY CENTER HOTEL, LLC, A WEST
                                    VIRGINIA LIMITED LIABILITY COMPANY

                                    BY_____________________________________
                                             ITS ______________________

                                   GUARANTORS:

                                   PELICAN PROPERTIES, INTERNATIONAL
                                   CORP., A FLORIDA CORPORATION

                                   BY_____________________________________
                                            ITS ______________________

                                   MCLURE HOUSE HOTEL & CONFERENCE
                                   CENTER, LLC, A WEST VIRGINIA LIMITED
                                   LIABILITY COMPANY

                                   BY_____________________________________
                                            ITS ______________________Exhibit 10.21

                           LOAN AND SECURITY AGREEMENT
                           ---------------------------

         THIS AGREEMENT, made this _______ day of December, 2001, by and between
WHEELING CITY CENTER HOTEL, LLC, a West Virginia limited liability company, with
an office and place of business located in Wheeling, Ohio County, West Virginia
(hereinafter called "Borrower"), WESBANCO BANK, INC. (formerly Wesbanco Bank
Wheeling), a West Virginia banking corporation, having its principal office and
place of business located in Wheeling, Ohio County, West Virginia (hereinafter
called "Bank") and PELICAN PROPERTIES, INTERNATIONAL CORP., a Florida
corporation (hereinafter called "Pelican"), and MCLURE HOUSE HOTEL & CONFERENCE
CENTER, LLC, a West Virginia limited liability company (hereinafter called
"McLure") (Pelican and McLure hereinafter collectively referred to as
"Guarantors").

         WHEREAS, Borrower is desirous of obtaining loans in the aggregate
amount of Two Million Four Hundred Seventy-two Thousand Seven Hundred Sixteen
Dollars and Eighty-one Cents ($2,472,716.81) and will use said loan proceeds in
connection with an Exchange Agreement with McLure wherein the Borrower has
issued to McLure a membership interest in the Borrower in exchange for the fee
simple title to Ramada Plaza City Center Hotel located in Wheeling and these
certain assets including, but not limited to, the name "McLure House Hotel and
Conference Center", all existing leases of real and personal property, all
fixtures, chattels and tangible personal property placed upon, attached to, or
used in connection with or in the operation of the McLure Hotel and Conference
Center, as well as the appurtenant apartment building and parking garage, all as
more fully described in the Exchange Agreement attached hereto as Exhibit "A"
and made a part of this Agreement; and

         WHEREAS, as an inducement to Bank to make such loans, the Guarantors
are willing to unconditionally guarantee payment of the aforesaid loans to the
Bank; and

         WHEREAS, subject to the terms and conditions contained herein, the Bank
is willing to extend to the Borrower loans in that amount.

         NOW, THEREFORE, WITNESSETH: That in consideration of the mutual
covenants contained herein, and with the intent to be legally bound hereby, the
parties hereto agree as follows:

                                        1
<PAGE>

                                 SECTION 1. LOAN
                                 ---------------

         1.1 CREDIT. Subject to the terms and conditions hereof, and relying on
the representations and warranties herein contained, Bank agrees to lend to
Borrower, contemporaneously with the execution and delivery of this Agreement,
the aggregate sum of Two Million Four Hundred Seventy-two Thousand Seven Hundred
Sixteen Dollars and Eighty-one Cents ($2,472,716.81), as hereinafter provided.

         1.2 FIRST TERM NOTE. Subject to the terms and conditions hereof, the
Borrower shall borrow from the Bank, and the Bank shall lend to the Borrower,
the sum of Two Million Three Hundred Seventy-one Thousand Seven Hundred
Twenty-six Dollars and Fifty Cents ($2,371,726.50) on a term loan basis. Such
loan shall be evidenced by a promissory note in the form attached hereto as
Exhibit "B" (hereinafter referred to as "First Term Note"). Said First Term Note
shall bear interest at a fixed rate of Seven and One-Half Percent (7-1/2%) per
annum. The principal balance outstanding under the First Term Note shall be
amortized on the basis of a ______ (___) month term. Beginning on the 30th day
of ___________, 2001, and continuing on the same day of each month thereafter,
the Borrower shall make minimum monthly payments of Seventeen Thousand Seven
Hundred Thirty-six Dollars ($17,736.00), as principal and interest, for
__________ (___) consecutive months with a balloon payment of all remaining
principal and accrued but unpaid interest due and payable in full on the 30th
day of October, 2003.

         1.3 SECOND TERM NOTE. The Borrower shall borrow from the Bank, and the
Bank shall lend to the Borrower, the sum of One Hundred Thousand Nine Hundred
Ninety Dollars and Thirty-one Cents ($100,990.31) on a term loan basis. Such
loan shall be evidenced by a Promissory Note in the form attached hereto as
Exhibit "C" (hereinafter referred to as "Second Term Note"). Said Second Term
Note shall bear interest at a variable rate equal to the Bank's Base Rate, plus
one percent (1%), per annum, fluctuating annually. The term Base Rate shall mean
the rate of interest announced by the Bank from time to time as its prevailing
commercial rate. Bank shall give Borrower notice of any change in the rate. The
principal balance outstanding under the Second Term Note shall be amortized on
the basis of a ______ (___) month term. Beginning on the 30th day of
___________, 2001, and continuing on the same day of each month thereafter, the
Borrower shall make minimum monthly payments of Three Thousand Four Hundred and
Ninety-two Dollars ($3,492.00), principal and interest for _____ (___)
consecutive months with a balloon payment of all remaining principal and accrued
but unpaid interest due and payable in full on the 30th day of May, 2004.

         1.4 PREPAYMENT. Borrower shall have the right to prepay the Notes
outstanding under this Agreement in whole at any time, or in part from time to
time, without premium or penalty. Each prepayment of any note issued hereunder
shall be accompanied by the interest accrued on the principal amount so prepaid
to the date of such prepayment.

                                       2
<PAGE>

         1.5 SUBSTITUTIONS AND EXCHANGES. The term "Notes" as used in this
Agreement shall include the "First Term Note", "Second Term Note", and each
promissory note delivered under this Agreement by Borrower, and each promissory
note delivered in substitution or exchange for any such promissory note, and,
where applicable, shall include the singular number as well as the plural.

         1.6 INTEREST AFTER DEFAULT. Upon the occurrence of an Event of Default
as defined in Section 8, the Bank may, in its sole discretion, increase the
interest rate on the Notes by two percentage points (200 basis points) above the
levels described in subsections 1.2 and 1.3 hereof. The interest rate on the
Notes will not exceed the maximum rate permitted by applicable law. Such
interest rate increase shall remain in effect until the Bank reasonably
concludes that such Event of Default has been cured.

                    SECTION 2. REPRESENTATIONS AND WARRANTIES
                    -----------------------------------------

         To induce Bank to enter into this Agreement and to make the loan herein
provided for, Borrower and where specifically noted, Guarantors, represent and
warrant to Bank that:

         2.1 EXISTENCE AND AUTHORITY. Borrower is a limited liability company
duly organized, validly existing and in good standing under the laws of the
State of West Virginia, and is duly qualified to do business, and is in good
standing as a foreign limited liability company in all jurisdictions where the
failure to so qualify is reasonably likely to have a material adverse effect
upon its business. Pelican is a corporation duly organized, validly existing and
in good standing under the laws of the State of Florida, and is duly qualified
to do business, and is in good standing as a foreign corporation in all
jurisdictions where the failure to so qualify is reasonably likely to have a
material adverse effect upon its business. McLure is a limited liability company
duly organized, validly existing and in good standing under the laws of the
State of West Virginia, and is duly qualified to do business, and is in good
standing as a foreign limited liability company in all jurisdictions where the
failure to so qualify is reasonably likely to have a material adverse effect
upon its business.

         2.2 VALIDITY OF AGREEMENT, NOTES, SECURITY AGREEMENT AND DEED OF TRUST.
The making and performance by Borrower and Guarantors of this Agreement, the
Notes, Guaranty Agreements, Security Agreements, Financing Statements, and Deed
of Trust, to be delivered hereunder by them, are within their respective powers
and have been duly authorized by all necessary company or corporate action,
require no governmental approval, and do not contravene any law, articles of
organization, operating agreement, charter, bylaw, or contravene any restriction
binding upon them.

                                       3
<PAGE>

         2.3 LEGAL, VALID AND BINDING. This Agreement is, and each Note, the
Security Agreements, Financing Statements, Deed of Trust and Guaranty Agreements
hereunder, when duly executed and delivered for value, will be legal, valid and
binding obligations of the Borrower and the Guarantors, enforceable in
accordance with their respective terms, except as the enforceability thereof may
be limited by bankruptcy or other similar laws and subject to general principles
of equity as to the availability of specific performance or injunctive relief.

         2.4 PENDING LITIGATION. There are no actions, suits, investigations, or
proceedings pending or, to the knowledge and belief of the Borrower, threatened,
against or affecting the Borrower, the Guarantors, the business, operations,
properties, prospects, profits or condition (financial or otherwise) of the
Borrower or the Guarantors, nor any such proceeding pending before or by any
governmental department, commission, board, regulatory authority, bureau, agency
or instrumentality, domestic, foreign, federal, state or municipal (hereinafter
collectively "governmental agency") or any court, arbitrator or grand jury,
which are reasonably likely to result in any material adverse change in the
business, operations, properties, prospects, profits or condition (financial or
otherwise) of the Borrower or the Guarantors or in the ability of the Borrower
or the Guarantors to perform this Agreement or the Notes.

         2.5 NONDEFAULT STATUS. To the knowledge and belief of the Borrower and
the Guarantors, they are not in default with respect to any judgment, order,
writ, injunction, decree, demand, rule or regulation of any court, arbitrator,
grand jury or of any governmental agency, default under which might have
consequences which would materially and adversely effect the business,
operations, properties, prospects, profits or condition (financial or otherwise)
of the Borrower and Guarantors.

         2.6 FINANCIAL STATEMENTS. The financial statements, delivered to the
Bank, are true and correct as of the date thereof and fairly present the
financial condition of Borrower and the Guarantors as of the date thereof. Such
statements were prepared in all material respects in accordance with generally
accepted accounting principles ("GAAP"), consistently applied throughout the
periods presented, and are complete and correct. There has been no change in the
condition, financial or otherwise, of the Borrower or the Guarantors have, since
the date of each entity's latest financial statements, other than changes in the
ordinary course of business which have not, in the aggregate, been materially
adverse.

                                       4
<PAGE>

         2.7 RIGHT, TITLE AND INTEREST. Borrower and the Guarantors have, or
will have, good and marketable right, title and interest in and to all their
property including all the real and personal property (such real and personal
property being referred to herein as the "Property") described in this Agreement
and the Exhibits hereto, free and clear of all liens and encumbrances, except
such liens and encumbrances, if any, reflected in the financial statements of
the Borrower and the Guarantors heretofore delivered to the Bank.

         2.8 COMPLIANCE WITH LAW. The Borrower and the Guarantors have, to the
best of their knowledge and belief, complied in all material respects with all
applicable statutes, rules, regulations, orders and restrictions of any domestic
or foreign government or any instrumentality or agency thereof, having
jurisdiction over the conduct of their respective businesses or the ownership of
their respective properties, including without limitation, immigration and all
federal, state or local environmental laws pertaining to toxic or hazardous
substances or waste.

         2.9 TAXES. All tax returns and reports of the Borrower and Guarantors
required by law to be filed have been duly filed, and all taxes, assessments,
fees and other governmental charges upon the Borrower and the Guarantors or upon
any of their property, including the Property, and upon any of the other assets,
income or franchises of the Borrower and the Guarantors, which are due and
payable, have been paid, or provision for the payment of the same has been made
by the Borrower and Guarantors.

         2.10 MEMBERSHIP INTERESTS AND STOCK OWNERSHIP. The members of the
Borrower, and the names and percentages of ownership of the members, are as
follows:

         MEMBERS                                                  OWNERSHIP
         -------                                                  ---------

         Pelican Properties, International Corp.                     100%

         Pelican is a publicly traded corporation on the over-the-counter market
and has 5,975,851 shares of authorized capital stock:

         STOCKHOLDERS                                         NO. OF SHARES
         ------------                                         -------------

         The names and percentages of ownership of the members of McLure are as
follows:

         MEMBERS                                                  OWNERSHIP
         -------                                                  ---------

         Thomas Fredrick Tweedlie                                     50%
         Cassandra Sue Tweedlie                                       50%

                                       5
<PAGE>

         2.11 EMPLOYEE BENEFIT PLANS. No employee benefit plan (as such term is
defined in ERISA) from time to time maintained by the Borrower or trust created
thereunder, or any trustee or administrator thereof, has engaged in a
"prohibited transaction" (as such term is defined in Section 406 or Section
2003(a) of ERISA) which could subject such pension plan or any other pension
plan, any trust created thereunder, or any trustee or administrator thereof, or
any other party dealing with any pension plan or any such trust maintained by
Borrower to the tax or penalty on prohibited transactions imposed by Section 502
or Section 2003(a) of ERISA. No pension plan or trust created by Borrower has
been terminated, and there have been no "reportable events" (as that term is
defined in Section 4043 of ERISA) since the effective date of ERISA. No pension
plan or trust created by Borrower has incurred any "accumulated funding
deficiency" (as such term is defined in Section 302 of ERISA) whether or not
waived, since the effective date of ERISA. The Borrower is not, nor has it been,
a party to any multi-employer pension plan or benefit plan.

         2.12 RIGHTS, LICENSES. The Borrower and Guarantors possess all patents,
patent rights or licenses, trademarks, trademark rights, trade names, trade name
rights, and copyrights which are required to conduct their businesses as now
conducted, or which is anticipated to be conducted, without known conflict with
the rights of others.

                   SECTION 3. PERSONAL PROPERTY AS COLLATERAL
                   ------------------------------------------

         3.1 PERSONAL PROPERTY. As security for the payment when due of the
principal of and interest on each of the Notes issued hereunder and of each and
every other liability of the Borrower to the Bank (both those in existence and
those that may hereafter arise), the Borrower and, where specifically noted,
Guarantors hereby pledge and assign to the Bank and grant to the Bank a security
interest in all of the following property:

         BORROWER:
         ---------

                  (A) A first lien security interest in all Accounts, Accounts
         Receivable, Documents, Goods, Instruments, Inventory, Equipment,
         Furniture, General Intangibles, Chattel Paper, and Fixtures, both those
         in existence and those that shall hereafter arise, and all Proceeds of
         the foregoing.

                  (B) Collateral Assignment of the following leases and all
         rents to be derived therefrom:

                           (i) Lease dated May 1, 1998, from McLure Hotel, Inc.
                  to Cafe La News for certain store front property;

                                       6
<PAGE>

                           (ii) Lease dated ___________ from _____________ to
                  Hallmark Shop for certain store front property;

                           (iii) Lease dated _______________, by and between
                  McLure Hotel, Inc. and Avis Rent-A-Car Company of Pittsburgh
                  for certain storefront property, an antenna and parking;

                           (iv) Lease dated February 1, 1988, by and between
                  McLure Land Company and Mancan, Inc. d/b/a Manpower for
                  certain storefront property;

                           (v) The apartment tenants and each separate month to
                  month arrangements or separate lease agreements with respect
                  thereto;

                           (vi) Premise Lease and Food Service Agreement dated
                  February 23, 2001, by and between McLure House Hotel &
                  Conference Center, LLC and Sparachane Enterprises, Inc.; and

                           (vii) Any and all successor Leases to the foregoing
                  and all other Leases with respect to the premises herein
                  described in Section 4.

         MCLURE:
         -------

                  (A) A first lien security interest in all Accounts, Accounts
         Receivable, Chattel Paper, Documents, Goods, Instruments, Inventory,
         Equipment, Furniture, Furnishings, Fixtures, kitchen and bar
         appliances, dishes, cooking utensils, beverage and food, General
         Intangibles, and other items owned by McLure in its operation within
         the McLure Hotel of the "Rio Lounge and Entertainment Complex", all
         those in existence and those that shall hereafter arise, and all
         Proceeds of the foregoing.

                     SECTION 4. REAL PROPERTY AS COLLATERAL
                     --------------------------------------

         4.1 REAL ESTATE. Prior to or contemporaneously with the delivery
hereof, the Borrower shall have delivered to the Bank a real estate Deed of
Trust in the priority hereinafter specified constituting an enforceable lien
against the property hereinafter described, which said instrument shall secure
the payment, when due, of the notes issued hereunder, and of each and every
other liability of the Borrower to the Bank, both those now in existence and
those that may hereafter arise, as follows:

                                       7
<PAGE>

         A first lien against certain real estate and improvements known as the
         McLure House Hotel and Conference Center, including a 173 room
         full-service hotel, together with an appurtenant apartment building
         containing approximately 30 apartments, and an appurtenant seven-story
         parking garage with parking spaces for approximately 225 vehicles,
         located in the City of Wheeling, Ohio County, West Virginia (the
         "McLure Hotel"), and more particularly described on the attached
         Exhibit "D".

                        SECTION 5. CONDITIONS OF LENDING
                        --------------------------------

         5.1 CONDITIONS PRECEDENT. The obligation of the Bank to make loans
hereunder is subject to the condition precedent that the Bank shall have
received on or before the making of the first loan hereunder the following in
form and substance satisfactory to the Bank:

                  (A) Certificates dated the date of such loan and executed by
         the appropriate Manager-Member of the Borrower, the Secretary of
         Pelican and the Manager-Member of McLure, evidencing the necessary
         company and corporate action taken by the Borrower and the Guarantors
         with respect to this Agreement and the borrowings hereunder;

                  (B) A signed copy of a favorable opinion of counsel for the
         Borrower and the Guarantors dated the date of such loan as to the
         matters referred to in Paragraphs 2.1, 2.2, 2.3, 2.4, 2.5 and 2.10
         hereof, and as to such other matters as the Bank may reasonably
         require;

                  (C) The financing statements and security agreements, and real
         estate deed of trust on the property referred to in Sections 3 and 4
         hereof;

                  (D) Guaranty Agreements executed by Pelican and McLure,
         whereby each entity unconditionally guarantees the payment, when due,
         of the liabilities of the Borrower to the Bank arising hereunder.

                  (E) A Collateral Assignment of Lease Agreement whereby
         Borrower shall collaterally transfer, assign, and deliver to the Bank
         the aforesaid Leases and rents to secure the indebtedness of the
         Borrower hereunder.

                                       8
<PAGE>

                  (F) Certificates of Good Standing issued by the Secretary of
         State of West Virginia for the Borrower and McLure confirming the good
         standing of each dated within sixty (60) days of the date of this
         Agreement.

                  (G) Certificate of Good Standing issued by the Secretary of
         State of Florida confirming the good standing of Pelican dated within
         sixty (60) days of the date of this Agreement.

                  (H) Borrower shall consummate the exchange of the real
         property and the assets of McLure in accordance with that certain Deed
         and Exchange Agreement attached hereto as Exhibit "A".

                  (I) Lender's title insurance policy issued by a title insurer
         of Borrower's choice for an ALTA Loan Title Insurance Policy insuring
         title to the real property for the full amount of the loan.

                  (J) Evidence of property, casualty and public liability
         insurance providing coverage for the McLure Hotel naming the Bank as an
         additional insured and mortgagee with respect to the real estate and
         improvements.

         5.2 CONTINUING CONDITIONS. The obligation of the Bank to make each loan
hereunder is also subject to the condition precedent that on the date of the
making of such loan, the following statements shall be true:

                  (A) The representations and warranties contained in Section 2
         are true and correct on and as of the date of such loan as though made
         on and as of such date;

                  (B) No event has occurred and is continuing or would result
         from the proposed loan which constitutes an event of default (as
         hereinafter defined) hereunder or would constitute such an event of
         default, but for the requirement that notice be given or time elapse,
         or both.

                        SECTION 6. AFFIRMATIVE COVENANTS
                        --------------------------------

         The Borrower and the Guarantors covenant and agree that during the term
of this Agreement and thereafter until all Notes issued hereunder, together with
all interest accrued thereon, shall have been paid in full, unless the prior
written consent of the Bank shall have been first obtained, they will:

         6.1 MANAGEMENT. Maintain executive management satisfactory to the Bank;

                                       9
<PAGE>

         6.2 LIABILITIES. Pay when due each liability to which they or any of
their property is subject, or which is asserted against them, provided, however,
that each entity shall not be required to pay any such liability so long as the
validity thereof shall be contested in good faith by appropriate proceedings
diligently conducted (unless and until foreclosure, sale, distraint or other
similar proceeding shall have been commenced) and if such reserve or other
appropriate provisions, if any, as shall be required by good accounting practice
shall have been made therefore.

         6.3 GOOD STANDING. Maintain their company or corporate qualification
and their good standing in each jurisdiction in which such Borrower and each
Guarantor own property or in which the nature of the business transacted by them
requires such qualification and where the failure to be so qualified would have
a material adverse effect on the Borrower or the Guarantors.

         6.4 BANK ACCOUNTS. Borrower will maintain its principal checking
account at the Bank and will, at all times, keep on deposit therein adequate
amounts for the conduct of the business of the Borrower.

         6.5 PROTECTION OF RIGHT, TITLE AND INTEREST. Borrower and the
Guarantors will take, or cause to be taken, all steps necessary and proper (i)
to protect and enforce their right, title and interest in and to all their
property, including the Property, and all such property necessary for the
conduct of their business; and (ii) to comply in all material respects with all
duties, terms and conditions undertaken or assumed by Borrower and the
Guarantors in connection with their property, including the Property, and their
business.

         6.6 OPERATION AND MAINTENANCE. Borrower and the Guarantors will operate
and maintain in good order and repair their property, including the Property,
and shall make, or cause to be made, all necessary repairs, replacements,
additions and improvements thereto during the term of this Agreement.

         6.7 COMPLIANCE WITH LAW. Borrower and the Guarantors will comply with
all applicable local, state and federal laws, rules and regulations relating to
any of their activities, and any of their businesses or operations, including
the requirements of the Federal Flood Insurance Act.

         6.8 FINANCIAL REPORTS. Within thirty (30) days after the close of each
calendar quarter of each fiscal year and within one hundred twenty (120) days
after the close of the fiscal year of the Borrower and the Guarantors, each
shall furnish, or cause to be furnished to the Bank, an internally prepared
balance sheet of such entity as of the end of such period, and an earnings
statement of such entity for such period, each of which statements shall be
certified by an authorized manager, member or officer of such entity, that to
his best knowledge and belief the same are true and correct; and within one
hundred twenty (120) days after the close of the fiscal year, Pelican shall
furnish, or cause to be furnished, an annual financial statement, audited by
independent public accountants of recognized standing acceptable to the Bank,
which statement shall include a balance sheet and an earnings and surplus
statement of such entity as of the end of such fiscal year. All financial
reports required to be provided under this Agreement shall be prepared in
accordance with generally accepted accounting principles (GAAP), applied on a
consistent basis, and certified by the Borrower and/or Guarantor that the same
are true and correct.

                                       10
<PAGE>

         6.9 FEDERAL INCOME TAX RETURNS. Within one hundred twenty (120) days
after the close of each fiscal year of the Borrower and Guarantors, each shall
furnish or cause to be furnished to the Bank a copy of its most recent signed
federal income tax return.

         6.10 RECORDS AND ACCESS. Borrower and the Guarantors shall keep, or
cause to be kept, full and complete books and records in which correct and
accurate entries will be made of all their business transactions and their
property, including the Property, and at any time, and from time to time, shall
give, or cause to be given to the Bank and their representatives reasonable
access during normal business hours to examine all of the Borrower's and the
Guarantors' books and records.

         6.11 PAYMENT OF TAXES AND LIENS. Borrower and the Guarantors will pay
in full (i) prior in each case to the date when penalties for the nonpayment
thereof would attach, all taxes, assessments and governmental charges and levies
for which it may be or become subject, and (ii) prior in each case to the date
the claim would become delinquent for nonpayment, all other lawful claims
(whatever their kind or nature) which, if unpaid, might become a lien or charge
upon their property, provided, that no item need be paid so long as and to the
extent that it is contested in good faith and by timely and appropriate
proceedings which are effective to stay enforcement thereof.

         6.12 INSURANCE. Borrower and the Guarantors shall keep, or cause to be
kept, with financially sound and reputable insurers, such insurance with respect
to their business and property, including the Property, in such amounts and
insuring against such risks, casualties and contingencies of such types
(including but not limited to insurance for loss or damage by fire and other
hazards and insurance for public liability for damage to persons and property in
connection with their property, including the Property, and the activities
conducted thereon or relating thereto) as is customary for persons, corporations
and other entities of established reputation engaged in the same or similar
businesses as the Borrower and the Guarantors and similarly situated, naming
Bank as mortgagee and loss payee or additional insured, as its interests may
appear; and shall keep, or cause to be kept, such coverage as required by any
applicable Workers' Compensation laws; and will furnish, or cause to be
furnished, certificates of all such insurance and coverage to Bank before the
initial borrowing hereunder and within one hundred twenty (120) days after the
end of each of its subsequent fiscal years. All policies to the extent
obtainable shall provide that they may not be altered or canceled except on
prior written notice to Bank.

                                       11
<PAGE>

         6.13 EXPENSES, FEES AND DISBURSEMENTS. Borrower shall pay, or cause to
be paid, all expenses, fees and disbursements, including reasonable legal
expenses, incurred by the Bank, or otherwise, in connection with the
preparation, recordation, filing, continuation, satisfaction and termination of
this Agreement, the Guaranty Agreements, the Deed of Trust, Financing
Statements, and any other loan documents and instruments or documents in
relation thereto.

                          SECTION 7. NEGATIVE COVENANTS
                          -----------------------------

         The Borrower and the Guarantors covenant (jointly and severally) that
during the term of this Agreement and thereafter until all Notes issued
hereunder, together with all interest accrued thereon, shall have been paid in
full, unless the prior written consent of the Bank shall have been first
obtained, they will not:

         7.1 LIMITED LIABILITY COMPANY OR CORPORATE ACTIONS. (i) Purchase,
redeem or otherwise acquire any of the outstanding shares of their membership
interests or capital stock, except pursuant to stock purchase agreements which
take effect upon the termination or death of an employee/stockholder/member;
(ii) effect a merger or consolidation with any corporation or other entity, or
liquidate or dissolve; (iii) sell, transfer, assign or otherwise dispose of any
of their material assets or acquire any assets other than in the ordinary course
of business, excepting, however, that purchases or sales of assets valued at an
aggregate amount exceeding $50,000.00 shall not constitute ordinary course of
business transactions; and (iv) pay dividends on their membership interests or
outstanding stock, or otherwise make distributions to their members or
shareholders. The foregoing notwithstanding, Pelican shall be exempt from the
provisions of subsections 7.1(i) and 7.1(iv) hereof so long as the Borrower and
the Guarantors are not in Default of the provisions of the Note, Deed of Trust,
Security Agreement and/or this Loan and Security Agreement.

         7.2 SECURITY INTERESTS, ETC. Create or suffer to remain any security
interest, lien or encumbrance against or upon any of their properties, real or
personal, whether presently owned or hereafter acquired, other than to the Bank
provided, however, that this restriction shall not apply to or operate to
prevent (i) liens for taxes and other governmental charges, which taxes and
charges at a particular time are not due or remain payable without penalty, or
which are permitted to remain unpaid by reason of the operation of Paragraph 7.5
of Section 7 hereof; (ii) liens arising in the ordinary course of business out
of claims for labor, materials or supplies which are permitted to remain unpaid
by reason of the operation of Paragraph 7.5 of Section 7 hereof; (iii) deposits
and pledges made in the ordinary course of business to secure Workers'
Compensation, unemployment, old age benefits or other social security payments
or in connection with or to secure performance of bids, tenders, trade contracts
or leases, or to secure statutory obligations or surety, performance or appeal
bonds, or other pledges or deposits for purposes of like nature, and not in
connection with the borrowing of money; and (iv) easements, rights-of-way,
restrictions, minor defects in title and other similar real estate encumbrances
not in the aggregate interfering with the ordinary conduct of the business of
such Borrower, or Guarantor.

                                       12
<PAGE>

         7.3 GUARANTY. Become Guarantor or surety for or on any indebtedness,
contract or undertaking of any person, firm or corporation, except in the
ordinary course of business.

         7.4 LOANS. Make any loans or advances directly or indirectly to any
person, firm or corporation, other than in the ordinary course of business,
provided that loans to members, officers and employees shall not be considered
to be in the ordinary course of business.

         7.5 INDEBTEDNESS. Suffer to remain, create or incur any indebtedness
except (i) indebtedness evidenced by Notes issued hereunder; (ii) indebtedness
secured by liens permitted by Paragraph 7.2 of this Section 7; (iii)
indebtedness subordinated to the liabilities of the Borrower to the Bank in a
manner satisfactory to the Bank; and (iv) accounts payable and accrued expenses
(other than borrowings) incurred in the normal course of business.

                          SECTION 8. EVENTS OF DEFAULT
                          ----------------------------

         8.1 EVENTS OF DEFAULT. If any one or more of the following events of
default shall occur and be continuing, that is to say:

                  (A) The Borrower shall default in the payment when due of any
         installment of interest or principal on any Note issued hereunder and
         such default shall not be remedied for a period of ten (10) days after
         deposit in the United States mail, certified and postage prepaid,
         addressed to Borrower, 1200 Market Street, Wheeling, WV 26003, or a
         written notice to and demand upon Borrower to cure or cause to be cured
         such default;

                  (B) Any representation or warranty made in connection with the
         delivery of this Agreement or any of the Notes issued hereunder, or in
         any certificate furnished pursuant thereto shall prove to have been
         false or misleading in any material respect as of the time made;

                  (C) The Borrower shall default in the performance of any term,
         covenant, agreement or condition contained in Sections 3 and 4 hereof
         and such default shall not be remedied for a period of ten (10) days
         after deposit in the United States mail, certified and postage prepaid,
         addressed to Borrower, 1200 Market Street, Wheeling, WV 26003, or a
         written notice to and demand upon Borrower to cure or cause to be cured
         such default; or

                                       13
<PAGE>

                  (D) The Borrower or the Guarantor shall default in the
         performance of any term, covenant, agreement or condition contained
         herein other than any of those referred to in Subparagraphs (A), (B),
         and (C) of this Paragraph 8.1, and such default shall not be remedied
         for a period of thirty (30) days after deposit in the United States
         mail, certified and postage prepaid, addressed to Borrower, 1200 Market
         Street, Wheeling, WV, 26003, or a written notice to and demand upon the
         Borrower to cure or cause to be cured such default;

then and in any such event the Bank shall have the right by written notice to
the Borrower to declare the unpaid balance of the principal of all Notes then
outstanding hereunder, together with all interest accrued thereon, to be
forthwith due and payable, and the same shall thereupon become due and payable,
without any presentment, demand, protest or notice of any kind, all of which are
hereby expressly waived.

         8.2 ADDITIONAL DEFAULT CONSEQUENCES. If one or more of the following
described events of default shall occur, that is to say: The Borrower or either
of the Guarantors shall become insolvent and bankrupt or cease paying its debts
as they mature, or make an assignment for the benefit of creditors, or consent
to the appointment of a trustee or receiver, or a trustee or receiver or
liquidator shall be appointed for it or for a substantial part of its property,
or bankruptcy, reorganization, arrangement, insolvency or similar proceedings
shall be instituted by or against it under the laws of any jurisdiction and, in
case of any such proceeding instituted against it, the same shall not have been
dismissed within a period of seventy-five (75) days, then any Note or Notes then
outstanding hereunder, together with all interest accrued thereon, shall
thereupon become due and payable, without any presentment, demand, protest, or
other notice of any kind whatsoever, all of which are hereby expressly waived.

                               SECTION 9. SET-OFF
                               ------------------

         9.1 SET OFF. In addition to any of the rights it may have under this
Agreement or pursuant to law, upon the occurrence of an event of default
hereunder, any and all moneys now or hereafter in the hands of the Bank on
deposit or otherwise belonging to the Borrower shall immediately become the
subject of set-off by the Bank against any indebtedness that shall then be in
existence hereunder, and any other liability or liabilities of the Borrower to
the Bank then in existence, whether said indebtedness and liability or
liabilities are due or to become due, and such moneys may immediately be
appropriated by the Bank to the payment of such indebtedness and liability or
liabilities in such manner as it shall see fit.

                                       14
<PAGE>

                            SECTION 10. MISCELLANEOUS
                            -------------------------

         10.1 WAIVER AND MODIFICATION. No waiver by Bank of any default shall
operate as a waiver of any other default or of the same default on a future
occasion. No failure to exercise, and no delay in exercising, on the part of the
Bank, any power, remedy or right shall operate as a waiver thereof, nor shall
any single or partial exercise of any power, remedy, or right preclude other or
further exercise of any power, remedy, or right. This Agreement and the other
loan documents, including the Notes, Guaranty Agreements and Deed of Trust, may
only be modified or waived by a written document executed by Borrower,
Guarantors and Bank.

         10.2 NOTICES. All notices or other correspondence required or made
necessary by the terms of this Agreement and the other loan documents shall be
in writing and shall be considered as having been given to each party if mailed
by registered or certified mail, postage prepaid, to their respective addresses
as follows:

If to BANK:                                          with a COPY to:

         Mr. David Pel                               James C. Gardill, Esq.
         Commercial Loan Department                  Denise Knouse-Snyder, Esq.
         Wesbanco Bank Wheeling                      PHILLIPS, GARDILL, KAISER
         One Bank Plaza                                 & ALTMEYER
         Wheeling, WV 26003                          61-14th Street
         Telephone: (304) 234-9212                   Wheeling, WV  26003
                                                     Telephone:  (304) 232-6810
                                                     Facsimile:   (304) 232-4918

         If to BORROWER:

         C. John Knorr, Jr.           and            Nathan A. Roesing
         104 Woodhall Drive                          Wheeling City Center
         Richmond, VA  25229                         Hotel, LLC
                                                     1200 Market Street
                                                     Wheeling, WV 26003

         with a COPY to:

         Evans L. King, Jr., Esq.    and             Gorham Rutter, Jr., Esq.
         STEPTOE & JOHNSON                           P.O. Box 915454
         P.O. Box 2190                               Longwood, FL 32791-5454
         Clarksburg, WV  26302-2190                  Telephone: (407) 331-3540
         Facsimile:                                  Facsimile: (407) 869-5584
                                                                (407) 869-5467

                                       15
<PAGE>

Each party shall have the right to change its address at any time, and
from time to time, by giving written notice thereof to the other party.

         10.3 CERTAIN TAXES. Borrower agrees to pay, and save Bank harmless
from, all liability for any federal or state documentary stamps or other tax
liability, together with any interest or penalty, which is payable or may be
determined to be payable with respect to the execution or delivery of this
Agreement or any other documents including the Notes, the Guaranty Agreements,
the Deed of Trust and the Financing Statements, which obligations of the
Borrower shall survive the termination of this Agreement.

         10.4 APPLICABLE LAW. This Agreement shall be a contract made under and
governed by the laws of the State of West Virginia.

         10.5 SEVERABILITY. In the event that any term or provision of this
Agreement or any other loan documents including the Notes, Guaranty Agreements
and the Deed of Trust is lawfully held or declared to be invalid, illegal or
unenforceable, it shall be deemed deleted to the extent necessary under
applicable law, and the validity of the other terms and provisions shall not be
affected thereby.

         10.6 SUCCESSORS AND ASSIGNS. This Agreement and the other loan
documents shall be binding upon the Borrower, Guarantors and Bank and their
respective successors and assigns, and shall inure to the benefit of Borrower,
Guarantors, and Bank and the successors and assigns of Bank (except that
Borrower and Guarantors shall have no right to assign, voluntarily or by
operation of law, any of its rights or obligations hereunder or under any other
loan documents without Bank's prior written consent and provided further that
nothing herein is intended by any party hereto to confer any rights upon any
third party as a beneficiary hereof).

         10.7 REQUIREMENT OF NOTICE OF BANK DEFAULT. Borrower agrees to give
Bank written notice of any action or inaction by Bank, or any agent or attorney
of Bank, in connection with this Agreement or the loan(s) that may be actionable
against Bank or any agent or attorney of Bank or a defense to payment of the
loan(s) for any reason, including, but not limited to, commission of a tort or
violation of any contractual duty or duty implied by law. Borrower agrees that
unless such notice is duly given as promptly as possible (and in any event
within sixty (60) days after Borrower has knowledge, or with the exercise of
reasonable diligence should have had knowledge, of any such action or inaction)
Borrower shall not assert, and Borrower shall be deemed to have waived any claim
or defense arising therefrom.

                                       16
<PAGE>

         10.8 LIQUIDATED DAMAGE CLAUSE. In view of the difficulty of
ascertaining damages for Bank's failure to fund advances, which may subsequently
be deemed to be in violation of the provisions of this Agreement, Borrower
agrees that any liability of Bank for such failure to fund advances shall be
liquidated at the sum of the two (2) months' interest accrual on the principal
amount of the loan outstanding as of date of the failure to so fund such
advances.

         10.9 LIMITATION OF CONSEQUENTIAL DAMAGES. Neither Bank nor any agent or
attorney of Bank shall be liable to Borrower for consequential damages arising
from any breach of contract, tort, or other wrong in connection with the
negotiation, documentation, administration or collection of the loan(s).

         10.10 ORAL AGREEMENT. Any oral agreements (past, present and future)
concerning any aspect of the loan are null and void. This document contains all
the agreements between the Borrower, Guarantors and the Bank and this document
can be amended only by writings signed by all parties hereto.

         10.11 HEADINGS. The headings of the sections of this Agreement are
inserted for convenience only and shall not be deemed to constitute a part
thereof.

         10.12 TIME. Time is the of essence of this Agreement.

         WITNESS the due execution hereof as of the day and year first above
written.

                                    BORROWER:

                                    WHEELING CITY CENTER HOTEL, LLC, A
                                    WEST VIRGINIA LIMITED LIABILITY COMPANY

                                    BY______________________________________
                                             ITS __________________________

<PAGE>

                                    BANK:

                                    WESBANCO BANK, INC.
                                    A WEST VIRGINIA BANKING CORPORATION,

                                    By_______________________________________
                                             ITS _________________________

                                    GUARANTORS:

                                    PELICAN PROPERTIES, INTERNATIONAL
                                    CORP., A FLORIDA CORPORATION

                                    BY_______________________________________
                                             ITS _________________________

                                    MCLURE HOUSE HOTEL & CONFERENCE
                                    CENTER, LLC, A WEST VIRGINIA LIMITED
                                    LIABILITY COMPANY

                                    BY_______________________________________
                                             ITS __________________________

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