Document:

<PAGE>

                                                                     Exhibit 4.7

                               GUARANTEE AGREEMENT

                                 BY AND BETWEEN

                         PROFINANCE HOLDINGS CORPORATION

                                       AND

                         U.S. BANK NATIONAL ASSOCIATION

                            DATED AS OF MAY 15, 2003

<PAGE>

                                                                     Exhibit 4.8

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                      Page
                                                                                                      ----
<S>                                                                                                   <C>
ARTICLE I        DEFINITIONS AND INTERPRETATION.................................................        1

    Section 1.1     Definitions and Interpretation..............................................        1

ARTICLE II       POWERS, DUTIES AND RIGHTS OF GUARANTEE TRUSTEE.................................        5

    Section 2.1     Powers and Duties of the Guarantee Trustee..................................        5
    Section 2.2     Certain Rights of Guarantee Trustee.........................................        6
    Section 2.3     Not Responsible for Recitals or Issuance of Guarantee.......................        8
    Section 2.4     Events of Default; Waiver...................................................        8
    Section 2.5     Events of Default; Notice...................................................        8

ARTICLE III      GUARANTEE TRUSTEE..............................................................        9

    Section 3.1     Guarantee Trustee; Eligibility..............................................        9
    Section 3.2     Appointment, Removal and Resignation of Guarantee Trustee...................        9

ARTICLE IV       GUARANTEE......................................................................       10

    Section 4.1     Guarantee...................................................................       10
    Section 4.2     Waiver of Notice and Demand.................................................       10
    Section 4.3     Obligations Not Affected....................................................       10
    Section 4.4     Rights of Holders...........................................................       11
    Section 4.5     Guarantee of Payment........................................................       12
    Section 4.6     Subrogation.................................................................       12
    Section 4.7     Independent Obligations.....................................................       12
    Section 4.8     Enforcement by a Beneficiary................................................       12

ARTICLE V        LIMITATION OF TRANSACTIONS; SUBORDINATION......................................       13

    Section 5.1     Limitation of Transactions..................................................       13
    Section 5.2     Ranking.....................................................................       13

ARTICLE VI       TERMINATION....................................................................       14

    Section 6.1     Termination.................................................................       14

ARTICLE VII      INDEMNIFICATION................................................................       14

    Section 7.1     Exculpation.................................................................       14
    Section 7.2     Indemnification.............................................................       15
    Section 7.3     Compensation; Reimbursement of Expenses.....................................       16

ARTICLE VIII     MISCELLANEOUS..................................................................       16
</TABLE>

                                        i
<PAGE>

                                                                     Exhibit 4.8

<TABLE>
<CAPTION>
<S>                                                                                                <C>
Section 8.1     Successors and Assigns......................................................       16
Section 8.2     Amendments..................................................................       16
Section 8.3     Notices.....................................................................       17
Section 8.4     Benefit.....................................................................       17
Section 8.5     Governing Law...............................................................       18
Section 8.6     Counterparts................................................................       18
Section 8.7     Separability................................................................       18
</TABLE>

                                       ii
<PAGE>

                               GUARANTEE AGREEMENT

                  This GUARANTEE AGREEMENT (this "Guarantee"), dated as of May
15, 2003, is executed and delivered by ProFinance Holdings Corporation, an Ohio
corporation (the "Guarantor"), and U.S. Bank National Association, a national
banking association, organized under the laws of the United States of America,
as trustee (the "Guarantee Trustee"), for the benefit of the Holders (as defined
herein) from time to time of the Capital Securities (as defined herein) of
ProFinance Holdings Statutory Trust II, a Connecticut statutory trust (the
"Issuer").

         WHEREAS, pursuant to an Amended and Restated Declaration of Trust (the
"Declaration"), dated as of the date hereof among U.S. Bank National
Association, not in its individual capacity but solely as institutional trustee,
the administrators of the Issuer named therein, the Guarantor, as sponsor, and
the holders from time to time of undivided beneficial interests in the assets of
the Issuer, the Issuer is issuing on the date hereof those undivided beneficial
interests, having an aggregate liquidation amount of $10,000,000.00 (the
"Capital Securities"); and

         WHEREAS, as incentive for the Holders to purchase the Capital
Securities, the Guarantor desires irrevocably and unconditionally to agree, to
the extent set forth in this Guarantee, to pay to the Holders of Capital
Securities the Guarantee Payments (as defined herein) and to make certain other
payments on the terms and conditions set forth herein;

         NOW, THEREFORE, in consideration of the purchase by each Holder of the
Capital Securities, which purchase the Guarantor hereby agrees shall benefit the
Guarantor, the Guarantor executes and delivers this Guarantee for the benefit of
the Holders.

                                    ARTICLE I

                         DEFINITIONS AND INTERPRETATION

         SECTION 1.1 DEFINITIONS AND INTERPRETATION.

         In this Guarantee, unless the context otherwise requires:

         (a)      capitalized terms used in this Guarantee but not defined in
the preamble above have the respective meanings assigned to them in this Section
1.1;

         (b)      a term defined anywhere in this Guarantee has the same meaning
throughout;

         (c)      all references to "the Guarantee" or "this Guarantee" are to
this Guarantee as modified, supplemented or amended from time to time;

         (d)      all references in this Guarantee to "Articles" or "Sections"
are to Articles or Sections of this Guarantee, unless otherwise specified;

         (e)      terms defined in the Declaration as at the date of execution
of this Guarantee have the same meanings when used in this Guarantee, unless
otherwise defined in this Guarantee or unless the context otherwise requires;
and

<PAGE>

         (f)      a reference to the singular includes the plural and vice
versa.

         "Affiliate" has the same meaning as given to that term in Rule 405 of
the Securities Act of 1933, as amended, or any successor rule thereunder.

         "Beneficiaries" means any Person to whom the Issuer is or hereafter
becomes indebted or liable.

         "Capital Securities" has the meaning set forth in the recitals to this
Guarantee.

         "Common Securities" means the common securities issued by the Issuer to
the Guarantor pursuant to the Declaration.

         "Corporate Trust Office" means the office of the Guarantee Trustee at
which the corporate trust business of the Guarantee Trustee shall, at any
particular time, be principally administered, which office at the date of
execution of this Guarantee is located at 225 Asylum Street, Goodwin Square,
Hartford, Connecticut 06103.

         "Covered Person" means any Holder of Capital Securities.

         "Debentures" means the debt securities of the Guarantor designated the
Floating Rate Junior Subordinated Deferrable Interest Debentures due 2033 held
by the Institutional Trustee (as defined in the Declaration) of the Issuer.

         "Declaration Event of Default" means an "Event of Default" as defined
in the Declaration.

         "Event of Default" has the meaning set forth in Section 2.4(a).

         "Guarantee Payments" means the following payments or distributions,
without duplication, with respect to the Capital Securities, to the extent not
paid or made by the Issuer: (i) any accrued and unpaid Distributions (as defined
in the Declaration) which are required to be paid on such Capital Securities to
the extent the Issuer shall have funds available therefor, (ii) the Optional
Redemption Price to the extent the Issuer has funds available therefor, with
respect to any Capital Securities called for redemption by the Issuer, (iii) the
Special Redemption Price to the extent the Issuer has funds available therefor,
with respect to Capital Securities redeemed upon the occurrence of a Special
Event, and (iv) upon a voluntary or involuntary liquidation, dissolution,
winding-up or termination of the Issuer (other than in connection with the
distribution of Debentures to the Holders of the Capital Securities in exchange
therefor as provided in the Declaration), the lesser of (a) the aggregate of the
liquidation amount and all accrued and unpaid Distributions on the Capital
Securities to the date of payment, to the extent the Issuer shall have funds
available therefor, and (b) the amount of assets of the Issuer remaining
available for distribution to Holders in liquidation of the Issuer (in either
case, the "Liquidation Distribution").

         "Guarantee Trustee" means U.S. Bank National Association, until a
Successor Guarantee Trustee has been appointed and has accepted such appointment
pursuant to the terms of this Guarantee and thereafter means each such Successor
Guarantee Trustee.

                                       2
<PAGE>

         "Guarantor" means ProFinance Holdings Corporation and each of its
successors and assigns.

         "Holder" means any holder, as registered on the books and records of
the Issuer, of any Capital Securities; provided, however, that, in determining
whether the Holders of the requisite percentage of Capital Securities have given
any request, notice, consent or waiver hereunder, "Holder" shall not include the
Guarantor or any Affiliate of the Guarantor.

         "Indemnified Person" means the Guarantee Trustee, any Affiliate of the
Guarantee Trustee, or any officers, directors, shareholders, members, partners,
employees, representatives, nominees, custodians or agents of the Guarantee
Trustee.

         "Indenture" means the Indenture dated as of the date hereof between the
Guarantor and U.S. Bank National Association, not in its individual capacity but
solely as trustee, and any indenture supplemental thereto pursuant to which the
Debentures are to be issued to the institutional trustee of the Issuer.

         "Issuer" has the meaning set forth in the opening paragraph to this
Guarantee.

         "Liquidation Distribution" has the meaning set forth in the definition
of "Guarantee Payments" herein.

         "Majority in liquidation amount of the Capital Securities" means
Holder(s) of outstanding Capital Securities, voting together as a class, but
separately from the holders of Common Securities, of more than 50% of the
aggregate liquidation amount (including the stated amount that would be paid on
redemption, liquidation or otherwise, plus accrued and unpaid Distributions to
the date upon which the voting percentages are determined) of all Capital
Securities then outstanding.

         "Obligations" means any costs, expenses or liabilities (but not
including liabilities related to taxes) of the Issuer other than obligations of
the Issuer to pay to holders of any Trust Securities the amounts due such
holders pursuant to the terms of the Trust Securities.

         "Officer's Certificate" means, with respect to any Person, a
certificate signed by one authorized officer of such Person. Any Officer's
Certificate delivered with respect to compliance with a condition or covenant
provided for in this Guarantee shall include:

                  (a)      a statement that the officer signing the Officer's
         Certificate has read the covenant or condition and the definitions
         relating thereto;

                  (b)      a brief statement of the nature and scope of the
         examination or investigation undertaken by the officer in rendering the
         Officer's Certificate;

                  (c)      a statement that the officer has made such
         examination or investigation as, in such officer's opinion, is
         necessary to enable such officer to express an informed opinion as to
         whether or not such covenant or condition has been complied with; and

                                       3
<PAGE>

                  (d)      a statement as to whether, in the opinion of the
         officer, such condition or covenant has been complied with.

         "Optional Redemption Price" has the meaning set forth in the Indenture.

         "Person" means a legal person, including any individual, corporation,
estate, partnership, joint venture, association, joint stock company, limited
liability company, trust, unincorporated association, or government or any
agency or political subdivision thereof, or any other entity of whatever nature.

         "Responsible Officer" means, with respect to the Guarantee Trustee, any
officer within the Corporate Trust Office of the Guarantee Trustee including any
Vice President, Assistant Vice President, Secretary, Assistant Secretary or any
other officer of the Guarantee Trustee customarily performing functions similar
to those performed by any of the above designated officers and also, with
respect to a particular corporate trust matter, any other officer to whom such
matter is referred because of that officer's knowledge of and familiarity with
the particular subject.

         "Special Event" has the meaning set forth in the Indenture.

         "Special Redemption Price" has the meaning set forth in the Indenture.

         "Subsidiary" means with respect to any Person, (i) any corporation at
least a majority of the outstanding voting stock of which is owned, directly or
indirectly, by such Person or by one or more of its Subsidiaries, or by such
Person and one or more of its Subsidiaries, (ii) any general partnership, joint
venture or similar entity, at least a majority of the outstanding partnership or
similar interests of which shall at the time be owned by such Person, or by one
or more of its Subsidiaries, or by such Person and one or more of its
Subsidiaries and (iii) any limited partnership of which such Person or any of
its Subsidiaries is a general partner. For the purposes of this definition,
"voting stock" means shares, interests, participations or other equivalents in
the equity interest (however designated) in such Person having ordinary voting
power for the election of a majority of the directors (or the equivalent) of
such Person, other than shares, interests, participations or other equivalents
having such power only by reason of the occurrence of a contingency.

         "Successor Guarantee Trustee" means a successor Guarantee Trustee
possessing the qualifications to act as Guarantee Trustee under Section 3.1.

         "Trust Securities" means the Common Securities and the Capital
Securities.

                                       4
<PAGE>

                                   ARTICLE II

                          POWERS, DUTIES AND RIGHTS OF
                                GUARANTEE TRUSTEE

         SECTION 2.1 POWERS AND DUTIES OF THE GUARANTEE TRUSTEE.

         (a)      This Guarantee shall be held by the Guarantee Trustee for the
benefit of the Holders of the Capital Securities, and the Guarantee Trustee
shall not transfer this Guarantee to any Person except a Holder of Capital
Securities exercising his or her rights pursuant to Section 4.4(b) or to a
Successor Guarantee Trustee on acceptance by such Successor Guarantee Trustee of
its appointment to act as Successor Guarantee Trustee. The right, title and
interest of the Guarantee Trustee shall automatically vest in any Successor
Guarantee Trustee, and such vesting and cessation of title shall be effective
whether or not conveyancing documents have been executed and delivered pursuant
to the appointment of such Successor Guarantee Trustee.

         (b)      If an Event of Default actually known to a Responsible Officer
of the Guarantee Trustee has occurred and is continuing, the Guarantee Trustee
shall enforce this Guarantee for the benefit of the Holders of the Capital
Securities.

         (c)      The Guarantee Trustee, before the occurrence of any Event of
Default and after curing all Events of Default that may have occurred, shall
undertake to perform only such duties as are specifically set forth in this
Guarantee, and no implied covenants shall be read into this Guarantee against
the Guarantee Trustee. In case an Event of Default has occurred (that has not
been waived pursuant to Section 2.4) and is actually known to a Responsible
Officer of the Guarantee Trustee, the Guarantee Trustee shall exercise such of
the rights and powers vested in it by this Guarantee, and use the same degree of
care and skill in its exercise thereof, as a prudent person would exercise or
use under the circumstances in the conduct of his or her own affairs.

         (d)      No provision of this Guarantee shall be construed to relieve
the Guarantee Trustee from liability for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that:

                  (i)      prior to the occurrence of any Event of Default and
         after the curing or waiving of all such Events of Default that may have
         occurred:

                           (A)      the duties and obligations of the Guarantee
                  Trustee shall be determined solely by the express provisions
                  of this Guarantee, and the Guarantee Trustee shall not be
                  liable except for the performance of such duties and
                  obligations as are specifically set forth in this Guarantee,
                  and no implied covenants or obligations shall be read into
                  this Guarantee against the Guarantee Trustee; and

                           (B)      in the absence of bad faith on the part of
                  the Guarantee Trustee, the Guarantee Trustee may conclusively
                  rely, as to the truth of the statements and the correctness of
                  the opinions expressed therein, upon any certificates or
                  opinions furnished to the Guarantee Trustee and conforming to
                  the requirements of this Guarantee; but in the case of any
                  such certificates or opinions that by any

                                       5
<PAGE>

                  provision hereof are specifically required to be furnished to
                  the Guarantee Trustee, the Guarantee Trustee shall be under a
                  duty to examine the same to determine whether or not they
                  conform to the requirements of this Guarantee;

                  (ii)     the Guarantee Trustee shall not be liable for any
         error of judgment made in good faith by a Responsible Officer of the
         Guarantee Trustee, unless it shall be proved that such Responsible
         Officer of the Guarantee Trustee or the Guarantee Trustee was negligent
         in ascertaining the pertinent facts upon which such judgment was made;

                  (iii)    the Guarantee Trustee shall not be liable with
         respect to any action taken or omitted to be taken by it in good faith
         in accordance with the written direction of the Holders of not less
         than a Majority in liquidation amount of the Capital Securities
         relating to the time, method and place of conducting any proceeding for
         any remedy available to the Guarantee Trustee, or relating to the
         exercise of any trust or power conferred upon the Guarantee Trustee
         under this Guarantee; and

                  (iv)     no provision of this Guarantee shall require the
         Guarantee Trustee to expend or risk its own funds or otherwise incur
         personal financial liability in the performance of any of its duties or
         in the exercise of any of its rights or powers, if the Guarantee
         Trustee shall have reasonable grounds for believing that the repayment
         of such funds is not reasonably assured to it under the terms of this
         Guarantee or security and indemnity, reasonably satisfactory to the
         Guarantee Trustee, against such risk or liability is not reasonably
         assured to it.

         SECTION 2.2 CERTAIN RIGHTS OF GUARANTEE TRUSTEE.

         (a)      Subject to the provisions of Section 2.1:

                  (i)      The Guarantee Trustee may conclusively rely, and
         shall be fully protected in acting or refraining from acting upon, any
         resolution, certificate, statement, instrument, opinion, report,
         notice, request, direction, consent, order, bond, debenture, note,
         other evidence of indebtedness or other paper or document believed by
         it to be genuine and to have been signed, sent or presented by the
         proper party or parties.

                  (ii)     Any direction or act of the Guarantor contemplated by
         this Guarantee shall be sufficiently evidenced by an Officer's
         Certificate.

                  (iii)    Whenever, in the administration of this Guarantee,
         the Guarantee Trustee shall deem it desirable that a matter be proved
         or established before taking, suffering or omitting any action
         hereunder, the Guarantee Trustee (unless other evidence is herein
         specifically prescribed) may, in the absence of bad faith on its part,
         request and conclusively rely upon an Officer's Certificate of the
         Guarantor which, upon receipt of such request, shall be promptly
         delivered by the Guarantor.

                  (iv)     The Guarantee Trustee shall have no duty to see to
         any recording, filing or registration of any instrument (or any
         re-recording, refiling or re-registration thereof).

                                       6
<PAGE>

                  (v)      The Guarantee Trustee may consult with counsel of its
         selection, and the advice or opinion of such counsel with respect to
         legal matters shall be full and complete authorization and protection
         in respect of any action taken, suffered or omitted by it hereunder in
         good faith and in accordance with such advice or opinion. Such counsel
         may be counsel to the Guarantor or any of its Affiliates and may
         include any of its employees. The Guarantee Trustee shall have the
         right at any time to seek instructions concerning the administration of
         this Guarantee from any court of competent jurisdiction.

                  (vi)     The Guarantee Trustee shall be under no obligation to
         exercise any of the rights or powers vested in it by this Guarantee at
         the request or direction of any Holder, unless such Holder shall have
         provided to the Guarantee Trustee such security and indemnity,
         reasonably satisfactory to the Guarantee Trustee, against the costs,
         expenses (including attorneys' fees and expenses and the expenses of
         the Guarantee Trustee's agents, nominees or custodians) and liabilities
         that might be incurred by it in complying with such request or
         direction, including such reasonable advances as may be requested by
         the Guarantee Trustee; provided, however, that nothing contained in
         this Section 2.2(a)(vi) shall relieve the Guarantee Trustee, upon the
         occurrence of an Event of Default, of its obligation to exercise the
         rights and powers vested in it by this Guarantee.

                  (vii)    The Guarantee Trustee shall not be bound to make any
         investigation into the facts or matters stated in any resolution,
         certificate, statement, instrument, opinion, report, notice, request,
         direction, consent, order, bond, debenture, note, other evidence of
         indebtedness or other paper or document, but the Guarantee Trustee, in
         its discretion, may make such further inquiry or investigation into
         such facts or matters as it may see fit.

                  (viii)   The Guarantee Trustee may execute any of the trusts
         or powers hereunder or perform any duties hereunder either directly or
         by or through agents, nominees, custodians or attorneys, and the
         Guarantee Trustee shall not be responsible for any misconduct or
         negligence on the part of any agent or attorney appointed with due care
         by it hereunder.

                  (ix)     Any action taken by the Guarantee Trustee or its
         agents hereunder shall bind the Holders of the Capital Securities, and
         the signature of the Guarantee Trustee or its agents alone shall be
         sufficient and effective to perform any such action. No third party
         shall be required to inquire as to the authority of the Guarantee
         Trustee to so act or as to its compliance with any of the terms and
         provisions of this Guarantee, both of which shall be conclusively
         evidenced by the Guarantee Trustee's or its agent's taking such action.

                  (x)      Whenever in the administration of this Guarantee the
         Guarantee Trustee shall deem it desirable to receive instructions with
         respect to enforcing any remedy or right or taking any other action
         hereunder, the Guarantee Trustee (i) may request instructions from the
         Holders of a Majority in liquidation amount of the Capital Securities,
         (ii) may refrain from enforcing such remedy or right or taking such
         other action until such instructions are received, and (iii) shall be
         protected in conclusively relying on or acting in accordance with such
         instructions.

                                       7
<PAGE>

                  (xi)     The Guarantee Trustee shall not be liable for any
         action taken, suffered, or omitted to be taken by it in good faith,
         without negligence, and reasonably believed by it to be authorized or
         within the discretion or rights or powers conferred upon it by this
         Guarantee.

         (b)      No provision of this Guarantee shall be deemed to impose any
duty or obligation on the Guarantee Trustee to perform any act or acts or
exercise any right, power, duty or obligation conferred or imposed on it, in any
jurisdiction in which it shall be illegal or in which the Guarantee Trustee
shall be unqualified or incompetent in accordance with applicable law to perform
any such act or acts or to exercise any such right, power, duty or obligation.
No permissive power or authority available to the Guarantee Trustee shall be
construed to be a duty.

         SECTION 2.3 NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF GUARANTEE.

         The recitals contained in this Guarantee shall be taken as the
statements of the Guarantor, and the Guarantee Trustee does not assume any
responsibility for their correctness. The Guarantee Trustee makes no
representation as to the validity or sufficiency of this Guarantee.

         SECTION 2.4 EVENTS OF DEFAULT; WAIVER.

         (a)      An Event of Default under this Guarantee will occur upon the
failure of the Guarantor to perform any of its payment or other obligations
hereunder.

         (b)      The Holders of a Majority in liquidation amount of the Capital
Securities may, voting or consenting as a class, on behalf of the Holders of all
of the Capital Securities, waive any past Event of Default and its consequences.
Upon such waiver, any such Event of Default shall cease to exist, and shall be
deemed to have been cured, for every purpose of this Guarantee, but no such
waiver shall extend to any subsequent or other default or Event of Default or
impair any right consequent thereon.

         SECTION 2.5 EVENTS OF DEFAULT; NOTICE.

         (a)      The Guarantee Trustee shall, within 90 days after the
occurrence of an Event of Default, transmit by mail, first class postage
prepaid, to the Holders of the Capital Securities and the Guarantor, notices of
all Events of Default actually known to a Responsible Officer of the Guarantee
Trustee, unless such defaults have been cured before the giving of such notice,
provided, however, that the Guarantee Trustee shall be protected in withholding
such notice if and so long as a Responsible Officer of the Guarantee Trustee in
good faith determines that the withholding of such notice is in the interests of
the Holders of the Capital Securities.

         (b)      The Guarantee Trustee shall not be deemed to have knowledge of
any Event of Default unless the Guarantee Trustee shall have received written
notice from the Guarantor or a Holder of the Capital Securities (except in the
case of a payment default), or a Responsible Officer of the Guarantee Trustee
charged with the administration of this Guarantee shall have obtained actual
knowledge thereof.

                                       8
<PAGE>

                                   ARTICLE III

                                GUARANTEE TRUSTEE

         SECTION 3.1 GUARANTEE TRUSTEE; ELIGIBILITY.

         (a)      There shall at all times be a Guarantee Trustee which shall:

                  (i)      not be an Affiliate of the Guarantor, and

                  (ii)     be a corporation organized and doing business under
         the laws of the United States of America or any State or Territory
         thereof or of the District of Columbia, or Person authorized under such
         laws to exercise corporate trust powers, having a combined capital and
         surplus of at least 50 million U.S. dollars ($50,000,000), and subject
         to supervision or examination by Federal, State, Territorial or
         District of Columbia authority. If such corporation publishes reports
         of condition at least annually, pursuant to law or to the requirements
         of the supervising or examining authority referred to above, then, for
         the purposes of this Section 3.1(a)(ii), the combined capital and
         surplus of such corporation shall be deemed to be its combined capital
         and surplus as set forth in its most recent report of condition so
         published.

         (b)      If at any time the Guarantee Trustee shall cease to be
eligible to so act under Section 3.1(a), the Guarantee Trustee shall immediately
resign in the manner and with the effect set out in Section 3.2(c).

         (c)      If the Guarantee Trustee has or shall acquire any "conflicting
interest" within the meaning of Section 310(b) of the Trust Indenture Act, the
Guarantee Trustee shall either eliminate such interest or resign to the extent
and in the manner provided by, and subject to this Guarantee.

         SECTION 3.2 APPOINTMENT, REMOVAL AND RESIGNATION OF GUARANTEE TRUSTEE.

         (a)      Subject to Section 3.2(b), the Guarantee Trustee may be
appointed or removed without cause at any time by the Guarantor except during an
Event of Default.

         (b)      The Guarantee Trustee shall not be removed in accordance with
Section 3.2(a) until a Successor Guarantee Trustee has been appointed and has
accepted such appointment by written instrument executed by such Successor
Guarantee Trustee and delivered to the Guarantor.

         (c)      The Guarantee Trustee appointed to office shall hold office
until a Successor Guarantee Trustee shall have been appointed or until its
removal or resignation. The Guarantee Trustee may resign from office (without
need for prior or subsequent accounting) by an instrument in writing executed by
the Guarantee Trustee and delivered to the Guarantor, which resignation shall
not take effect until a Successor Guarantee Trustee has been appointed and has
accepted such appointment by an instrument in writing executed by such Successor
Guarantee Trustee and delivered to the Guarantor and the resigning Guarantee
Trustee.

                                       9
<PAGE>

         (d)      If no Successor Guarantee Trustee shall have been appointed
and accepted appointment as provided in this Section 3.2 within 60 days after
delivery of an instrument of removal or resignation, the Guarantee Trustee
resigning or being removed may petition any court of competent jurisdiction for
appointment of a Successor Guarantee Trustee. Such court may thereupon, after
prescribing such notice, if any, as it may deem proper, appoint a Successor
Guarantee Trustee.

         (e)      No Guarantee Trustee shall be liable for the acts or omissions
to act of any Successor Guarantee Trustee.

         (f)      Upon termination of this Guarantee or removal or resignation
of the Guarantee Trustee pursuant to this Section 3.2, the Guarantor shall pay
to the Guarantee Trustee all amounts owing to the Guarantee Trustee under
Sections 7.2 and 7.3 accrued to the date of such termination, removal or
resignation.

                                   ARTICLE IV

                                   GUARANTEE

         SECTION 4.1 GUARANTEE.

         (a)      The Guarantor irrevocably and unconditionally agrees to pay in
full to the Holders the Guarantee Payments (without duplication of amounts
theretofore paid by the Issuer), as and when due, regardless of any defense
(except the defense of payment by the Issuer), right of set-off or counterclaim
that the Issuer may have or assert. The Guarantor's obligation to make a
Guarantee Payment may be satisfied by direct payment of the required amounts by
the Guarantor to the Holders or by causing the Issuer to pay such amounts to the
Holders.

         (b)      The Guarantor hereby also agrees to assume any and all
Obligations of the Issuer and in the event any such Obligation is not so
assumed, subject to the terms and conditions hereof, the Guarantor hereby
irrevocably and unconditionally guarantees to each Beneficiary the full payment,
when and as due, of any and all Obligations to such Beneficiaries. This
Guarantee is intended to be for the benefit of, and to be enforceable by, all
such Beneficiaries, whether or not such Beneficiaries have received notice
hereof.

         SECTION 4.2 WAIVER OF NOTICE AND DEMAND.

         The Guarantor hereby waives notice of acceptance of this Guarantee and
of any liability to which it applies or may apply, presentment, demand for
payment, any right to require a proceeding first against the Issuer or any other
Person before proceeding against the Guarantor, protest, notice of nonpayment,
notice of dishonor, notice of redemption and all other notices and demands.

         SECTION 4.3 OBLIGATIONS NOT AFFECTED.

         The obligations, covenants, agreements and duties of the Guarantor
under this Guarantee shall in no way be affected or impaired by reason of the
happening from time to time of any of the following:

                                       10
<PAGE>

         (a)      the release or waiver, by operation of law or otherwise, of
the performance or observance by the Issuer of any express or implied agreement,
covenant, term or condition relating to the Capital Securities to be performed
or observed by the Issuer;

         (b)      the extension of time for the payment by the Issuer of all or
any portion of the Distributions, Optional Redemption Price, Special Redemption
Price, Liquidation Distribution or any other sums payable under the terms of the
Capital Securities or the extension of time for the performance of any other
obligation under, arising out of or in connection with, the Capital Securities
(other than an extension of time for payment of Distributions, Optional
Redemption Price, Special Redemption Price, Liquidation Distribution or other
sum payable that results from the extension of any interest payment period on
the Debentures or any extension of the maturity date of the Debentures permitted
by the Indenture);

         (c)      any failure, omission, delay or lack of diligence on the part
of the Holders to enforce, assert or exercise any right, privilege, power or
remedy conferred on the Holders pursuant to the terms of the Capital Securities,
or any action on the part of the Issuer granting indulgence or extension of any
kind;

         (d)      the voluntary or involuntary liquidation, dissolution, sale of
any collateral, receivership, insolvency, bankruptcy, assignment for the benefit
of creditors, reorganization, arrangement, composition or readjustment of debt
of, or other similar proceedings affecting, the Issuer or any of the assets of
the Issuer;

         (e)      any invalidity of, or defect or deficiency in, the Capital
Securities;

         (f)      the settlement or compromise of any obligation guaranteed
hereby or hereby incurred; or

         (g)      any other circumstance whatsoever that might otherwise
constitute a legal or equitable discharge or defense of a guarantor, it being
the intent of this Section 4.3 that the obligations of the Guarantor hereunder
shall be absolute and unconditional under any and all circumstances.

         There shall be no obligation of the Holders to give notice to, or
obtain consent of, the Guarantor with respect to the happening of any of the
foregoing.

         SECTION 4.4 RIGHTS OF HOLDERS.

         (a)      The Holders of a Majority in liquidation amount of the Capital
Securities have the right to direct the time, method and place of conducting any
proceeding for any remedy available to the Guarantee Trustee in respect of this
Guarantee or to direct the exercise of any trust or power conferred upon the
Guarantee Trustee under this Guarantee; provided, however, that (subject to
Section 2.1) the Guarantee Trustee shall have the right to decline to follow any
such direction if the Guarantee Trustee being advised by counsel determines that
the action or proceeding so directed may not lawfully be taken or if the
Guarantee Trustee in good faith by its board of directors or trustees, executive
committees or a trust committee of directors or trustees and/or Responsible
Officers shall determine that the action or proceedings so directed would
involve the Guarantee Trustee in personal liability.

                                       11
<PAGE>

         (b)      Any Holder of Capital Securities may institute a legal
proceeding directly against the Guarantor to enforce the Guarantee Trustee's
rights under this Guarantee, without first instituting a legal proceeding
against the Issuer, the Guarantee Trustee or any other Person. The Guarantor
waives any right or remedy to require that any such action be brought first
against the Issuer, the Guarantee Trustee or any other Person before so
proceeding directly against the Guarantor.

         SECTION 4.5 GUARANTEE OF PAYMENT.

         This Guarantee creates a guarantee of payment and not of collection.

         SECTION 4.6 SUBROGATION.

         The Guarantor shall be subrogated to all (if any) rights of the Holders
of Capital Securities against the Issuer in respect of any amounts paid to such
Holders by the Guarantor under this Guarantee; provided, however, that the
Guarantor shall not (except to the extent required by mandatory provisions of
law) be entitled to enforce or exercise any right that it may acquire by way of
subrogation or any indemnity, reimbursement or other agreement, in all cases as
a result of payment under this Guarantee, if, after giving effect to any such
payment, any amounts are due and unpaid under this Guarantee. If any amount
shall be paid to the Guarantor in violation of the preceding sentence, the
Guarantor agrees to hold such amount in trust for the Holders and to pay over
such amount to the Holders.

         SECTION 4.7 INDEPENDENT OBLIGATIONS.

         The Guarantor acknowledges that its obligations hereunder are
independent of the obligations of the Issuer with respect to the Capital
Securities and that the Guarantor shall be liable as principal and as debtor
hereunder to make Guarantee Payments pursuant to the terms of this Guarantee
notwithstanding the occurrence of any event referred to in subsections (a)
through (g), inclusive, of Section 4.3 hereof.

         SECTION 4.8 ENFORCEMENT BY A BENEFICIARY.

         A Beneficiary may enforce the obligations of the Guarantor contained in
Section 4.1(b) directly against the Guarantor and the Guarantor waives any right
or remedy to require that any action be brought against the Issuer or any other
person or entity before proceeding against the Guarantor. The Guarantor shall be
subrogated to all rights (if any) of any Beneficiary against the Issuer in
respect of any amounts paid to the Beneficiaries by the Guarantor under this
Guarantee; provided, however, that the Guarantor shall not (except to the extent
required by mandatory provisions of law) be entitled to enforce or exercise any
rights that it may acquire by way of subrogation or any indemnity, reimbursement
or other agreement, in all cases as a result of payment under this Guarantee, if
at the time of any such payment, and after giving effect to such payment, any
amounts are due and unpaid under this Guarantee.

                                       12
<PAGE>

                                    ARTICLE V

                    LIMITATION OF TRANSACTIONS; SUBORDINATION

         SECTION 5.1 LIMITATION OF TRANSACTIONS.

         So long as any Capital Securities remain outstanding, if (a) there
shall have occurred and be continuing an Event of Default or a Declaration Event
of Default or (b) the Guarantor shall have selected an Extension Period as
provided in the Declaration and such period, or any extension thereof, shall
have commenced and be continuing, then the Guarantor shall not and shall not
permit any Affiliate of the Guarantor controlled by the Guarantor to (x) declare
or pay any dividends or distributions on, or redeem, purchase, acquire, or make
a liquidation payment with respect to, any of the Guarantor's or such
Affiliate's capital stock (other than payments of dividends or distributions to
the Guarantor or a Subsidiary of the Guarantor) or make any guarantee payments
with respect to the foregoing; or (y) make any payment of principal of or
interest or premium, if any, on or repay, repurchase or redeem any debt
securities of the Guarantor or any Affiliate of the Guarantor controlled by the
Guarantor that rank pari passu in all respects with or junior in interest to the
Debentures (other than, with respect to clauses (x) and (y) above, (i)
repurchases, redemptions or other acquisitions of shares of capital stock of the
Guarantor or any Subsidiary of the Guarantor in connection with any employment
contract, benefit plan or other similar arrangement with or for the benefit of
one or more employees, officers, directors or consultants, in connection with a
dividend reinvestment or stockholder stock purchase plan or in connection with
the issuance of capital stock of the Guarantor or of such Subsidiary (or
securities convertible into or exercisable for such capital stock) as
consideration in an acquisition transaction entered into prior to the occurrence
of the Event of Default, Declaration Event of Default or Extension Period, as
applicable, (ii) as a result of any exchange or conversion of any class or
series of the Guarantor's capital stock (or any capital stock of a Subsidiary of
the Guarantor) for any class or series of the Guarantor's capital stock (or in
the case of a Subsidiary of the Guarantor, any class or series of such
Subsidiary's capital stock) or of any class or series of the Guarantor's
indebtedness for any class or series of the Guarantor's capital stock (or in the
case of indebtedness of a Subsidiary of the Guarantor, of any class or series of
such Subsidiary's indebtedness for any class or series of such Subsidiary's
capital stock), (iii) the purchase of fractional interests in shares of the
Guarantor's capital stock (or the capital stock of a Subsidiary of the Gurantor)
pursuant to the conversion or exchange provisions of such capital stock or the
security being converted or exchanged, (iv) any declaration of a dividend in
connection with any stockholders' rights plan, or the issuance of rights, stock
or other property under any stockholders' rights plan, or the redemption or
repurchase of rights pursuant thereto, (v) any dividend in the form of stock,
warrants, options or other rights where the dividend stock or the stock issuable
upon exercise of such warrants, options or other rights is the same stock as
that on which the dividend is being paid or ranks pari passu with or junior to
such stock and any cash payments in lieu of fractional shares issued in
connection therewith, or (vi) payments under this Guarantee).

         SECTION 5.2 RANKING.

         This Guarantee will constitute an unsecured obligation of the Guarantor
and will rank subordinate and junior in right of payment to all present and
future Senior Indebtedness (as

                                       13
<PAGE>

defined in the Indenture) of the Guarantor. By their acceptance thereof, each
Holder of Capital Securities agrees to the foregoing provisions of this
Guarantee and the other terms set forth herein.

         The right of the Guarantor to participate in any distribution of assets
of any of its Subsidiaries upon any such Subsidiary's liquidation or
reorganization or otherwise is subject to the prior claims of creditors of that
Subsidiary, except to the extent the Guarantor may itself be recognized as a
creditor of that Subsidiary. Accordingly, the Guarantor's obligations under this
Guarantee will be effectively subordinated to all existing and future
liabilities of the Guarantor's Subsidiaries, and claimants should look only to
the assets of the Guarantor for payments hereunder. This Guarantee does not
limit the incurrence or issuance of other secured or unsecured debt of the
Guarantor, including Senior Indebtedness of the Guarantor, under any indenture
that the Guarantor may enter into in the future or otherwise.

                                   ARTICLE VI

                                   TERMINATION

         SECTION 6.1 TERMINATION.

         This Guarantee shall terminate as to the Capital Securities (i) upon
full payment of the Optional Redemption Price or Special Redemption Price of all
Capital Securities then outstanding, (ii) upon the distribution of all of the
Debentures to the Holders of all of the Capital Securities or (iii) upon full
payment of the amounts payable in accordance with the Declaration upon
dissolution of the Issuer. This Guarantee will continue to be effective or will
be reinstated, as the case may be, if at any time any Holder of Capital
Securities must restore payment of any sums paid under the Capital Securities or
under this Guarantee.

                                   ARTICLE VII

                                 INDEMNIFICATION

         SECTION 7.1 EXCULPATION.

         (a)      No Indemnified Person shall be liable, responsible or
accountable in damages or otherwise to the Guarantor or any Covered Person for
any loss, damage or claim incurred by reason of any act or omission performed or
omitted by such Indemnified Person in good faith in accordance with this
Guarantee and in a manner that such Indemnified Person reasonably believed to be
within the scope of the authority conferred on such Indemnified Person by this
Guarantee or by law, except that an Indemnified Person shall be liable for any
such loss, damage or claim incurred by reason of such Indemnified Person's
negligence or willful misconduct with respect to such acts or omissions.

         (b)      An Indemnified Person shall be fully protected in relying in
good faith upon the records of the Issuer or the Guarantor and upon such
information, opinions, reports or statements presented to the Issuer or the
Guarantor by any Person as to matters the Indemnified Person reasonably believes
are within such other Person's professional or expert competence and who, if
selected by such Indemnified Person, has been selected with reasonable care by
such

                                       14
<PAGE>

Indemnified Person, including information, opinions, reports or statements as to
the value and amount of the assets, liabilities, profits, losses, or any other
facts pertinent to the existence and amount of assets from which Distributions
to Holders of Capital Securities might properly be paid.

         SECTION 7.2 INDEMNIFICATION.

         (a)      The Guarantor agrees to indemnify each Indemnified Person for,
and to hold each Indemnified Person harmless against, any and all loss,
liability, damage, claim or expense incurred without negligence or willful
misconduct on the part of the Indemnified Person, arising out of or in
connection with the acceptance or administration of the trust or trusts
hereunder, including, but not limited to, the costs and expenses (including
reasonable legal fees and expenses) of the Indemnified Person defending itself
against, or investigating, any claim or liability in connection with the
exercise or performance of any of the Indemnified Person's powers or duties
hereunder. The obligation to indemnify as set forth in this Section 7.2 shall
survive the resignation or removal of the Guarantee Trustee and the termination
of this Guarantee.

         (b)      Promptly after receipt by an Indemnified Person under this
Section 7.2 of notice of the commencement of any action, such Indemnified Person
will, if a claim in respect thereof is to be made against the Guarantor under
this Section 7.2, notify the Guarantor in writing of the commencement thereof;
but the failure so to notify the Guarantor (i) will not relieve the Guarantor
from liability under paragraph (a) above unless and to the extent that the
Guarantor did not otherwise learn of such action and such failure results in the
forfeiture by the Guarantor of substantial rights and defenses and (ii) will
not, in any event, relieve the Guarantor from any obligations to any Indemnified
Person other than the indemnification obligation provided in paragraph (a)
above. The Guarantor shall be entitled to appoint counsel of the Guarantor's
choice at the Guarantor's expense to represent the Indemnified Person in any
action for which indemnification is sought (in which case the Guarantor shall
not thereafter be responsible for the fees and expenses of any separate counsel
retained by the Indemnified Person or Persons except as set forth below);
provided, however, that such counsel shall be reasonably satisfactory to the
Indemnified Person. Notwithstanding the Guarantor's election to appoint counsel
to represent the Guarantor in an action, the Indemnified Person shall have the
right to employ separate counsel (including local counsel), and the Guarantor
shall bear the reasonable fees, costs and expenses of such separate counsel if
(i) the use of counsel chosen by the Guarantor to represent the Indemnified
Person would present such counsel with a conflict of interest, (ii) the actual
or potential defendants in, or targets of, any such action include both the
Indemnified Person and the Guarantor and the Indemnified Person shall have
reasonably concluded that there may be legal defenses available to it and/or
other Indemnified Person(s) which are different from or additional to those
available to the Guarantor, (iii) the Guarantor shall not have employed counsel
satisfactory to the Indemnified Person to represent the Indemnified Person
within a reasonable time after notice of the institution of such action or (iv)
the Guarantor shall authorize the Indemnified Person to employ separate counsel
at the expense of the Guarantor. The Guarantor will not, without the prior
written consent of the Indemnified Persons, settle or compromise or consent to
the entry of any judgment with respect to any pending or threatened claim,
action, suit or proceeding in respect of which indemnification or contribution
may be sought hereunder (whether or not the Indemnified Persons are actual or
potential parties to such

                                       15
<PAGE>

claim or action) unless such settlement, compromise or consent includes an
unconditional release of each Indemnified Person from all liability arising out
of such claim, action, suit or proceeding.

         SECTION 7.3 COMPENSATION; REIMBURSEMENT OF EXPENSES.

         The Guarantor agrees:

         (a)      to pay to the Guarantee Trustee from time to time such
compensation for all services rendered by it hereunder as the parties shall
agree to from time to time (which compensation shall not be limited by any
provision of law in regard to the compensation of a trustee of an express
trust); and

         (b)      except as otherwise expressly provided herein, to reimburse
the Guarantee Trustee upon request for all reasonable expenses, disbursements
and advances incurred or made by it in accordance with any provision of this
Guarantee (including the reasonable compensation and the expenses and
disbursements of its agents and counsel), except any such expense, disbursement
or advance as may be attributable to its negligence or willful misconduct.

         The provisions of this Section 7.3 shall survive the resignation or
removal of the Guarantee Trustee and the termination of this Guarantee.

                                  ARTICLE VIII

                                  MISCELLANEOUS

         SECTION 8.1 SUCCESSORS AND ASSIGNS.

         All guarantees and agreements contained in this Guarantee shall bind
the successors, assigns, receivers, trustees and representatives of the
Guarantor and shall inure to the benefit of the Holders of the Capital
Securities then outstanding. Except in connection with any merger or
consolidation of the Guarantor with or into another entity or any sale, transfer
or lease of the Guarantor's assets to another entity, in each case, to the
extent permitted under the Indenture, the Guarantor may not assign its rights or
delegate its obligations under this Guarantee without the prior approval of the
Holders of at least a Majority in liquidation amount of the Capital Securities.

         SECTION 8.2 AMENDMENTS.

         Except with respect to any changes that do not adversely affect the
rights of Holders of the Capital Securities in any material respect (in which
case no consent of Holders will be required), this Guarantee may be amended only
with the prior approval of the Holders of not less than a Majority in
liquidation amount of the Capital Securities and the Guarantor. The provisions
of the Declaration with respect to amendments thereof apply to the giving of
such approval.

                                       16
<PAGE>

         SECTION 8.3 NOTICES.

         All notices provided for in this Guarantee shall be in writing, duly
signed by the party giving such notice, and shall be delivered, telecopied or
mailed by first class mail, as follows:

         (a)      If given to the Guarantee Trustee, at the Guarantee Trustee's
mailing address set forth below (or such other address as the Guarantee Trustee
may give notice of to the Holders of the Capital Securities and the Guarantor):

                  U.S. Bank National Association

                  225 Asylum Street, Goodwin Square
                  Hartford, Connecticut 06103
                  Attention: Corporate Trust Services
                  Telecopy: 860-244-1889

                  With a copy to:

                  U.S. Bank National Association
                  1 Federal Street
                  Boston, Massachusetts 02110
                  Attention: Paul D. Allen, Corporate Trust Services
                  Telecopy: 617-603-6665

         (b)      If given to the Guarantor, at the Guarantor's mailing address
set forth below (or such other address as the Guarantor may give notice of to
the Holders of the Capital Securities and to the Guarantee Trustee):

                  ProFinance Holdings Corporation
                  2400 Corporate Exchange Drive, Suite 290
                  Columbus, Ohio 43231
                  Attention: Steven R. Young
                  Telecopy: 614-895-2707

         (c)      If given to any Holder of the Capital Securities, at the
address set forth on the books and records of the Issuer.

         All such notices shall be deemed to have been given when received in
person, telecopied with receipt confirmed, or mailed by first class mail,
postage prepaid, except that if a notice or other document is refused delivery
or cannot be delivered because of a changed address of which no notice was
given, such notice or other document shall be deemed to have been delivered on
the date of such refusal or inability to deliver.

         SECTION 8.4 BENEFIT.

         This Guarantee is solely for the benefit of the Beneficiaries and,
subject to Section 2.1(a), is not separately transferable from the Capital
Securities.

                                       17
<PAGE>

         SECTION 8.5 GOVERNING LAW.

         THIS GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF
LAWS PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL
OBLIGATIONS LAW).

         SECTION 8.6 COUNTERPARTS.

         This Guarantee may be executed in one or more counterparts, each of
which shall be an original, but all of which taken together shall constitute one
and the same instrument.

         SECTION 8.7 SEPARABILITY.

         In case one or more of the provisions contained in this Guarantee shall
for any reason be held to be invalid, illegal or unenforceable in any respect,
such invalidity, illegality or unenforceability shall not affect any other
provisions of this Guarantee, but this Guarantee shall be construed as if such
invalid or illegal or unenforceable provision had never been contained herein.

                     Signatures appear on the following page

                                       18
<PAGE>

         THIS GUARANTEE is executed as of the day and year first above written.

                                            PROFINANCE HOLDINGS CORPORATION, as
                                            Guarantor

                                            By: /s/ John A. Marazza
                                                --------------------------------
                                                Name: John A. Marazza
                                                Title: Executive Vice President

                                            U.S. BANK NATIONAL ASSOCIATION, as
                                            Guarantee Trustee

                                            By: /s/ Paul D. Allen
                                                --------------------------------
                                                Name: Paul D. Allen
                                                Title: Vice President

                                       19<PAGE>

                                                                     EXHIBIT 4.8

                          SECOND MODIFICATION TO NOTE
                             AND SECURITY AGREEMENT

     THIS SECOND MODIFICATION TO NOTE AND SECURITY AGREEMENT (this
"Modification") is made to be effective as of October 5, 2002, and is executed
by and between Eaton National Bank & Trust Co., a national banking association,
having an office at 110 West Main Street, Eaton, Ohio 45320 (the "Lender") and
ProFinance Holdings Corporation, an Ohio corporation, having an office at 2400
Corporate Exchange Drive, Suite 290, Columbus, Ohio 43231 (the "Borrower").

     WHEREAS, the Lender and the Borrower executed a certain Universal Note and
Security Agreement and an "Additional Terms of Loan" attachment thereto
(collectively, the "Original Agreement") dated as of October 5, 2000 in
connection with the loan from Lender to Borrower of the original principal
amount of $10,000,000 and identified as Loan Number 83007 (the "Loan"); and

     WHEREAS, the Loan was renewed and revised effective as of October 5, 2001
pursuant to a Universal Note and Security Agreement and an "Additional Terms to
Loan" attachment thereto, as modified by that certain Partial Release of
Collateral Agreement dated as of December 6, 2001 pursuant to which, INTER ALIA,
certain collateral was released from Lender's security interest, and as further
modified by that certain Modification to Note and Security Agreement dated as of
April 4, 2002, pursuant to which, INTER ALIA, the term of the Loan was extended
to October 5, 2012 and certain payment terms were modified to permit the
temporary suspension of principal payments (collectively, the "Agreement"); and

     WHEREAS, the Borrower and the Lender desire to modify the Agreement as set
forth herein.

     NOW, THEREFORE, in consideration of the foregoing and the covenants
contained herein, the parties hereto agree as follows:

1. Modification of Interest Rate:
   ------------------------------

     From October 5, 2002 through October 4, 2003, interest on the outstanding
principal balance of the Loan shall accrue at a rate (the "Floating Rate") equal
to the prime rate of interest as published in the WALL STREET JOURNAL from time
to time, and each change in said prime rate shall, without notice, automatically
and immediately change the rate of interest due thereon. Except as may be
otherwise expressly agreed by the parties in writing from time to time, interest
on the outstanding principal balance of the Loan on and after October 5, 2003
shall accrue at a rate (the "Variable Rate") equal to the prime rate of interest
as published in the WALL STREET JOURNAL on October 5, 2003 and on each
anniversary date thereof occurring thereafter (or, if no edition of the WALL
STREET JOURNAL is published for October 5, 2003 or any anniversary date thereof,
the most recent date prior to such date for which an edition of the WALL STREET
JOURNAL was published). The amount of each quarterly installment set forth in
the Agreement shall be adjusted as required to reflect the Floating Rate (for
the quarterly installments due and payable

<PAGE>
on January 5, 2003, April 5, 2003, July 5, 2003 and October 5, 2003) and the
Variable Rate for all quarterly installments due and payable thereafter.

  2. Ratification of Loan Documents:
     -------------------------------

     The Borrower acknowledges and agrees that, except as expressly set forth
herein, the obligations of the Borrower to the Lender under the Agreement and
all related agreements, documents and instruments (collectively, the "Loan
Documents") shall remain as originally written and in full force and effect in
all respects, and nothing herein shall affect, alter, modify, limit or impair
any of the rights and powers which the Lender may have thereunder. No amendment,
modification or waiver of any of the agreements, covenants, terms or conditions
of the Loan Documents shall be construed as the Lender's agreement or intention
to agree to any future amendment, modification or waiver.

  3. Continuation of Security Interest:
     ----------------------------------

     This Modification does not constitute the creation of a new debt or the
extinguishment of the debt evidenced by the Agreement nor does it in any manner
affect or impair the lien of the security interests created pursuant thereto,
which lien shall continue to secure the Agreement as modified hereby.

  4. No Course of Dealing Waiver:
     ----------------------------

     Borrower expressly acknowledges and agrees that the execution of this
Modification shall not constitute a waiver of, and shall not preclude the
exercise of, any right, power or remedy granted to Lender in any of the Loan
Documents, or as provided by law, except to the extent expressly provided
herein. No previous modification, extension, or compromise entered into with
respect to any indebtedness of Borrower to Lender shall constitute a course of
dealing or be inferred or construed as constituting an express or implied
understanding to enter into any future modification, extension or compromise. No
delay on the part of Lender in exercising any right, power or remedy shall
operate as a waiver thereof or otherwise prejudice Lender's rights, powers or
remedies.

  5. No Default:
     -----------

     The Borrower represents and warrants that no event of default has occurred
and is continuing under the Loan Documents, nor will any occur immediately after
the execution and delivery of this Modification by the performance or observance
of any provision of hereof.

  6. Continued Performance:
     ----------------------

     The Borrower agrees to perform and observe all of the covenants,
agreements, stipulations and conditions to be performed under the Loan
Documents.

                                       2
<PAGE>
 7. Representations of Borrower:
    ----------------------------

     The Borrower hereby represents and warrants to the Lender that (a) the
Borrower has the corporate power and authority to execute and deliver this
Modification; (b) the officer executing this Modification on behalf of the
Borrower has been duly authorized to execute and deliver the same and to bind
the Borrower with respect to the provisions hereof; (c) the execution by the
Borrower of this Modification and the performance and observance by the Borrower
of the provisions hereof do not violate or conflict with the articles of
incorporation or code of regulations of the Borrower or any law applicable to
the Borrower and will not result in the breach of any provision of or constitute
a default under any agreement, instrument or document binding upon or
enforceable against the Borrower; and (d) this Modification constitutes the
valid and legally binding obligation of the Borrower.

 8. Representation of Lender:
    -------------------------

     Lender represents and warrants that to the extent required pursuant to the
terms of any loan participation agreement in respect of the Loan, all consents
or waivers from participating lenders have been duly obtained in connection with
this Modification.

 9. Governing Law:
    --------------

     This Modification has been made by the Borrower and the Lender at Columbus,
Ohio. This Modification shall be interpreted, and the rights and liabilities of
the parties hereto determined, in accordance with the laws of the State of Ohio.

     IN WITNESS WHEREOF, the Borrower and the Lender have caused this
Modification to be executed by their duly authorized representatives as of the
day and year first above written.

BORROWER:                                        LENDER:
---------                                        -------

ProFinance Holdings Corporation,                Eaton National Bank & Trust,
an Ohio corporation                             a national banking association

By: /s/ John A. Marazza                         By: /s/ J. Maffett
------------------------                        ----------------------------
Its: Executive VP                               Its: President
------------------------                        ----------------------------

                                       3
<PAGE>
                              MODIFICATION TO NOTE
                             AND SECURITY AGREEMENT

     THIS MODIFICATION TO NOTE AND SECURITY AGREEMENT (this "Modification") is
dated as of the 4th day of April, 2002, and is executed by and between Eaton
National Bank & Trust Co., a national banking association, having an office at
110 West Main Street, Eaton, Ohio 45320 (the "Lender") and ProFinance Holdings
Corporation, an Ohio corporation, having an office at 2400 Corporate Exchange
Drive, Suite 290, Columbus, Ohio 43231 (the "Borrower").

     WHEREAS, the Lender and the Borrower executed a certain Universal Note and
Security Agreement and an "Additional Terms of Loan" attachment thereto
(collectively, the "Original Agreement") dated as of October 5, 2000 in
connection with the loan from Lender to Borrower of the original principal
amount of $10,000,000 and identified as Loan Number 83007 (the "Loan"); and

     WHEREAS, the Loan was renewed and revised effective as of October 5, 2001
pursuant to a Universal Note and Security Agreement and an "Additional Terms to
Loan" attachment thereto, as modified by that certain Partial Release of
Collateral Agreement dated as of December _, 2001 (collectively, the
"Agreement") pursuant to which, INTER ALIA, the maturity date of the Loan was
extended and provision was made for quarterly payments of principal and
interest; and

     WHEREAS, the Borrower and the Lender desire to modify the Agreement as set
forth herein.

     NOW, THEREFORE, in consideration of the foregoing and the covenants
contained herein, the parties hereto agree as follows:

 1.  Extension of Term:
     ------------------

     Borrower and Lender agree that final payment of the entire unpaid balance
of principal and interest under the Note will be due October 5, 2012.

 2.  Modification of Payment Requirements:
     -------------------------------------

     Borrower and Lender agree that the quarterly payment due on each of April
5, 2002, July 5, 2002, October 5, 2002 and January 5, 2003 shall include only
the amount of accrued interest relating to such payment date, and that no
payment of principal shall be required therewith. Regular payments of principal
and interest under the Agreement shall commence again with the quarterly payment
due on April 5, 2003 and continuing on each calendar quarter thereafter until
the Note is paid in full.
<PAGE>
     3. Ratification of Loan Documents:
        -------------------------------

     The Borrower acknowledges and agrees that, except as expressly set forth
herein, the obligations of the Borrower to the Lender under the Agreement and
all related agreements, documents and instruments (collectively, the "Loan
Documents") shall remain as originally written and in full force and effect in
all respects, and nothing herein shall affect, alter, modify, limit or impair
any of the rights and powers which the Lender may have thereunder. No amendment,
modification or waiver of any of the agreements, covenants, terms or conditions
of the Loan Documents shall be construed as the Lender's agreement or intention
to agree to any further amendment, modification or waiver.

     4. Continuation of Security Interest:
        ----------------------------------

     This Modification does not constitute the creation of a new debt or the
extinguishment of the debt evidenced by the Agreement nor does it in any manner
affect or impair the lien of the security interests created pursuant thereto,
which lien shall continue to secure the Agreement as modified hereby.

     5. No Course of Dealing Waiver:
        ----------------------------

     Borrower expressly acknowledges and agrees that the execution of this
Modification shall not constitute a waiver of, and shall not preclude the
exercise of, any right, power or remedy granted to Lender in any of the Loan
Documents, or as provided by law, except to the extent expressly provided
herein. No previous modification, extension, or compromise entered into with
respect to any indebtedness of Borrower to Lender shall constitute a course of
dealing or be inferred or construed as constituting an express or implied
understanding to enter into any future modification, extension or compromise. No
delay on the part of Lender in exercising any right, power or remedy shall
operate as a waiver thereof or otherwise prejudice Lender's rights, powers or
remedies.

     6. No Default:
        -----------

     The Borrower represents and warrants that no event of default has occurred
and is continuing under the Loan Documents, nor will any occur immediately after
the execution and delivery of this Modification by the performance or observance
of any provision of hereof.

     7. Continued Performance:
        ----------------------

     The Borrower agrees to perform and observe all of the covenants,
agreements, stipulations and conditions to be performed under the Loan
Documents.

     9. Representations of Borrower:
        ----------------------------

     The Borrower hereby represents and warrants to the Lender that (a) the
Borrower has the corporate power and authority to execute and deliver this
Modification; (b) the officer executing this Modification on behalf of the
Borrow has been duly authorized to execute and

                                       2
<PAGE>
deliver the same and to bind the Borrower with respect to the provisions hereof;
(c) the execution by the Borrower of this Modification and the performance and
observance by the Borrower of the provisions hereof do not violate or conflict
with the articles of incorporation or code of regulations of the Borrower or
any law applicable to the Borrower and will not result in the breach of any
provision of or constitute a default under any agreement, instrument or
document binding upon or enforceable against the Borrower; and (d) this
Modification constitutes the valid and legally binding obligation of the
Borrower.

     10. Representation of Lender:
         -------------------------

     Lender represents and warrants that to the extent required pursuant to the
terms of any loan participation agreement in respect of the Loan, all consents
or waivers from participating lenders have been duly obtained in connection with
this Modification.

     11. Governing Law:
         --------------

     This Modification has been made by the Borrower and the Lender at Columbus,
Ohio. This Modification shall be interpreted, and the rights and liabilities of
the parties hereto determined, in accordance with the laws of the State of Ohio.

     IN WITNESS WHEREOF, the Borrower and the Lender have caused this
Modification to be executed by their duly authorized representatives as of the
day and year first above written.

BORROWER:
---------

ProFinance Holdings Corporation,
an Ohio corporation

By: /s/ John A. Marazza
-------------------------------

Its: Executive Vice President
-------------------------------

LENDER:
-------

Eaton National Bank & Trust Company,
a national banking association

By: /s/ J. Maffett
-------------------------------

Its: President
-------------------------------

                                       3
<PAGE>
                                                                LOAN NO.: 83007
                                                                          -----
                                                       LOAN AMOUNT: $10,000,000
                                                                    -----------
                                                        MATURITY DATE: 10/05/11
                                                                       --------

                            ADDITIONAL TERMS TO LOAN
                            ------------------------

This Additional Term Sheet is hereby incorporated by reference into and made a
part of Loan No. 83007 for the principal loan amount of $10,000,000.00 from
Eaton National Bank & Trust Co. as lender ("you") to ProFinance Holdings
Corporation as borrower ("me" or "I") (this "Note"). In the event of any
inconsistency between the terms of this Additional Term Sheet and the terms of
the Note, this Additional Term Sheet shall govern.

1.   "Additional Terms of the Security Agreement" on Page 2 of 3 of this Note
     shall be changed as follows:

     a.   The fourth sentence of the second paragraph under "Ownership and
          Duties Toward Property" shall be deleted and replaced with the
          following: "I will prepare any report or accounting you reasonably
          request in order to provide you with reasonable comfort regarding
          your security interest in the Property."

     b.   The fifth paragraph under "Ownership and Duties Toward Property" shall
          be deleted and replaced with the following: "You may demand immediate
          payment of the debt(s) if, without your consent, there is a change in
          ownership of more than 50% of my voting stock."

     c.   The following additional provisions shall be added:

          DIVIDENDS. As long as I am not in default in the payment of my
          obligations under this Note, all dividends or other distributions with
          respect to the Property (hereafter called the "Shares") shall be paid
          to me, other than dividends which are paid out of the proceeds of sale
          or condemnation of my property, or which are paid in the course of
          dissolution or liquidation which shall be paid to you and shall be
          applied by you to reduce my obligations arising under this Note. In
          the event of any default under the Note, all dividends and other
          amounts paid with respect to the Shares shall be applied by you to
          reduce my obligations arising under this Note.

          VOTING RIGHTS. As long as I am not in default in the payment of my
          obligations under this Note, I shall have the right to vote the Shares
          on all

                                                              Initials:

                                                              Borrower: /s/ JM
                                                                       ---------
                                                              Lender:   /s/ J
                                                                       ---------

                                   Page 1 of 3

<PAGE>
          corporate questions. You agree to execute all proxies or other
          instruments necessary to permit me to so vote the Shares.

          PAYMENT OF NOTE. This pledge of the Shares by me to you shall
          terminate upon payment in full of all obligations arising under this
          Note. You shall promptly thereafter return to me the certificate(s)
          representing the Shares and shall cooperate fully with me in
          registering the removal of the security interest created hereby on the
          share transfer ledger and otherwise, if necessary.

          HYPOTHOCATION AGREEMENT. Concurrently with the execution and delivery
          by me of this Note, I will cause Century Surety Company ("CSC") to
          enter into a Hypothecation Agreement with you pursuant to which CSC
          will pledge the common stock of Evergreen National Indemnity Company,
          Continental Heritage Insurance Company, CSC Insurance Agency, Inc. and
          American Inspection and Audit Services, Inc. as additional security
          for my obligations under this Note. Notwithstanding anything in such
          Hypothecation Agreement or in this Note to the contrary, I shall be
          entitled to transfer or to cause CSC to transfer, and you hereby
          consent to the transfer of, up to fifty percent (50%) of the shares of
          common stock of Continental Heritage Insurance Company ("CHIC")
          pursuant to the terms of that certain Supplemental Commission and
          Stock Purchase Agreement dated on even date herewith by and among me,
          Gary M. Williams, Bradley M. Williams and Cyril E. Parish, as the same
          has been amended by that First Amendment to Supplemental Commission
          and Stock Purchase Agreement (collectively, the "Supplemental
          Commission Agreement"). If, as and when shares of CHIC common stock
          are required to be transferred to any third party pursuant to the
          terms of the Supplemental Commission Agreement, you agree that you
          will immediately upon notice of such pending transfer release your
          security interest in such shares of CHIC common stock and that upon
          such release those shares of CHIC common stock shall no longer be
          security for this Loan.

2.   "Additional Terms of the Note" on Page 3 of 3 of this Note shall be changed
     as follows:

     a.   The following sentence shall be inserted after the first sentence
          under "Set-Off":

                                                            Initials:

                                                            Borrower: /s/ JM
                                                                      ------
                                                             Lender:  /s/ J
                                                                      ------
                                  Page 2 of 3
<PAGE>
               "You may not set off any amount due and payable under this Note
               against any right that any affiliate or subsidiary of mine has to
               receive money from you."

          b.   Item (3) under "Default" shall be deleted and replaced with the
               following: "(3) I fail to pay, or keep any promise, on any debt
               I have with you;"

          c.   Item (4) under "Default" shall be deleted.

                                                            Initials:

                                                            Borrower: /s/ JM
                                                                      ------
                                                             Lender:  /s/  J
                                                                      ------
                                  Page 3 of 3
<PAGE>
<TABLE>
<S>                                                    <C>                                         <C>
------------------------------------------------------------------------------------------------------------------------------------
PROFINANCE HOLDINGS CORPORATION

                                                           Eaton National Bank & Trust Co        Loan Number          83007
                                                              110 West Main Street                            ----------------------
2400 CORPORATE EXCHANGE DR., STE                                 Eaton, OH 45320                 Date        10/05/01
COLUMBUS OH  43221                                                                                     -----------------------------
                                                                                                 Maturity Date   10/05/11
                                                                                                                 -------------------
                                                                                                 Loan Amount $   10,000,000.00
                                                                                                                --------------------
                                                                                                 Renewal Of     83007
                                                                                                             -----------------------
      BORROWER'S NAME AND ADDRESS                             LENDER'S NAME AND ADDRESS
"i" includes each borrower above, jointly               "You" means the lender, its successors
            and severally.                                          and assigns.
------------------------------------------------------------------------------------------------------------------------------------

For value received, I promise to pay to you, or your order, at your address listed above the PRINCIPAL sum of ______________________
Ten million & no/100                                                            Dollars $ 10,000,000.00
------------------------------------------------------------------------------          --------------------------------------------
[X] SINGLE ADVANCE: I will receive all of this principal sum on  10/05/01 . No additional advances are contemplated under this note.
                                                                ----------
[ ] MULTIPLE ADVANCE: The principal sum shown above is the maximum amount of principal I can borrow under this note. On ____________
    __________________ I will receive the amount of $__________________ and future principal advances are contemplated.
    CONDITIONS: The conditions for future advances are _____________________________________________________________________________
    ________________________________________________________________________________________________________________________________
    ________________________________________________________________________________________________________________________________
    [ ] OPEN END CREDIT: You and I agree that I may borrow up to the maximum principal sum more than one time. This feature is
        subject to all other conditions and expires on __________________________________.
    [X] CLOSED END CREDIT: You and I agree that I may borrow (subject to all other conditions) up to the maximum principal sum only
        one time.
INTEREST: I agree to pay interest on the outstanding principal balance from   OCTOBER 05, 2001  at the rate of  5.5000  % per year
                                                                            -------------------                ---------
    until   the first schedule rate change   - 10/05/02
          ----------------------------------
[X] VARIABLE RATE: This rate may then change as stated below.
    [X] INDEX RATE: The future rate will be   Equal To    the following index rate:
                                            -------------                           ------------------------------------------------
              NEW YORK PRIME AS PUBLISHED IN THE WALL STREET JOURNAL
    --------------------------------------------------------------------------------------------------------------------------------
    --------------------------------------------------------------------------------------------------------------------------------
    [ ] NO INDEX: The future rate will not be subject to any internal or external index. It will be entirely in your control.
    [X] FREQUENCY AND TIMING: The rate on this note may change as often as      Every Year                                         .
                                                                           --------------------------------------------------------
          A change in the interest rate will take effect        On Your Scheduled Rate Change Date If The Index Changes            .
                                                          -------------------------------------------------------------------------
    [X] LIMITATIONS: During the term of this loan, the applicable annual interest rate will not be more than   N/A  % or less than
                                                                                                             ------
             N/A      %. The rate may not change more than         N/A      % each           N/A                                   .
          ------------                                       --------------         -----------------------------------------------
    EFFECT OF VARIABLE RATE: A change in the interest rate will have the following effect on the payments:
    [X] The amount of each scheduled payment will change.     [X] The amount of the final payment will change.
    [ ] ___________________________________________________________________________________________________________________________.
ACCRUAL METHOD: Interest will be calculated on a    365/360                     basis.
                                                 -------------------------------
POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as
   stated below:
    [X] on the same fixed or variable rate basis in effect before maturity (as indicated above).
    [ ] at a rate equal to ________________________________________________________________________________________________________.
[X] LATE CHARGE: If a payment is made more than      10     days after it is due, I agree to pay a late charge of _________________.
                                                ------------
          5.0% of payment
[ ] ADDITIONAL CHARGES : In addition to interest, I agree to pay the following charges which  [ ] are  [ ] are not  included in the
      principal amount above: _____________________________________________________________________________________________________.
PAYMENTS: I agree to pay this note as follows:
[ ] INTEREST: I agree to pay accrued interest   On Demand
                                               -------------------------------------------------------------------------------------
       -----------------------------------------------------------------------------------------------------------------------------
[ ] PRINCIPAL: I agree to pay the principal    On Demand
                                             ---------------------------------------------------------------------------------------
       -----------------------------------------------------------------------------------------------------------------------------
[X] INSTALLMENTS: I agree to pay this note in  40       payments. The first payment will be in the amount of $ 327,889.20
                                              ---------                                                        ---------------------
       and will be due  JANUARY 05, 2002                  . A payment of $ 327,889.20  will be due
                       ----------------------------------                 ------------             ---------------------------------
                         Quarterly                             thereafter. The final payment of the entire unpaid balance of
       ------------------------------------------------------
       principal and interest will be due   OCTOBER 05, 2011                                                      .
                                           -----------------------------------------------------------------------
PURPOSE: The purpose of this loan is ______________________________________________________________________________________________.
ADDITIONAL TERMS:
            SEE ADDITIONAL TERMS TO LOAN ATTACHED

</TABLE>
<PAGE>
                                    SECURITY

SECURITY INTEREST: I give you a security interest in all of the Property
     described below that I own or have sufficient rights in which to transfer
     an interest, now or in the future, wherever the Property is or will be
     located, and all proceeds and products of the Property. "Property" includes
     all parts, accessories, repairs, replacements, improvements, and accessions
     to the Property; any original evidence of title or ownership; and all
     obligations that support the payment or performance of the Property.
     "Proceeds" includes anything acquired upon the sale, lease, license,
     exchange, or other disposition of the Property; any rights and claims
     arising from the Property; and any collections and distributions on account
     of the Property.

     [ ]  ACCOUNTS AND OTHER RIGHTS TO PAYMENT: All rights to payment, whether
          or not earned by performance, including, but not limited to, payment
          for property or services sold, leased, rented, licensed, or assigned.
          This includes any rights and interests (including all liens) which I
          have by law or agreement against any account debtor or obligor.

     [ ]  INVENTORY: All inventory held for ultimate sale or lease, or which has
          been or will be supplied under contracts of service, or which are raw
          materials, work in process, or materials used or consumed in my
          business.

     [ ]  EQUIPMENT: All equipment including, but not limited to, machinery,
          vehicles, furniture, fixtures, manufacturing equipment, farm machinery
          and equipment, shop equipment, office and record keeping equipment,
          parts, and tools. The Property includes any equipment described in a
          list or schedule I give to you, but such a list is not necessary to
          create a valid security interest in all of my equipment.

     [ ]  INSTRUMENTS AND CHATTEL PAPER: All instruments, including negotiable
          instruments and promissory notes and any other writings or records
          that evidence the right to payment of a monetary obligation, and
          tangible and electronic chattel paper.

     [ ]  GENERAL INTANGIBLES: All general intangibles including, but not
          limited to, tax refunds, patents and applications for patents,
          copyrights, trademarks, trade secrets, goodwill, trade names, customer
          lists, permits and franchises, payment intangibles, computer programs
          and all supporting information provided in connection with a
          transaction relating to computer programs, and the right to use my
          name.

     [ ]  DOCUMENTS: All documents of title including, but not limited to, bills
          of lading, dock warrants and receipts, and warehouse receipts.

     [ ]  FARM PRODUCTS AND SUPPLIES: All farm products including, but not
          limited to, all poultry and livestock and their young, along with
          their produce, products, and replacements; all crops, annual or
          perennial, and all products of the crops; and all feed, seed,
          fertilizer, medicines, and other supplies used or produced in my
          farming operations.

     [ ]  GOVERNMENT PAYMENTS AND PROGRAMS: All payments, accounts, general
          intangibles, and benefits including, but not limited to, payments in
          kind, deficiency payments, letters of entitlement, warehouse receipts,
          storage payments, emergency assistance and diversion payments,
          production flexibility contracts, and conservation reserve payments
          under any preexisting, current, or future federal or state government
          program.

     [ ]  INVESTMENT PROPERTY: All investment property including, but not
          limited to, certificated securities, uncertificated securities,
          securities entitlements, securities accounts, commodity contracts,
          commodity accounts, and financial assets.

     [ ]  DEPOSIT ACCOUNTS: All deposit accounts including, but not limited to,
          demand, time, savings, passbook, and similar accounts.

     [X]  SPECIFIC PROPERTY DESCRIPTION: The Property includes, but is not
          limited by, the following:

               COMMON STOCK REPRESENTED BY COLLATERAL RECEIPT #83007 &
               COLLATERAL RECEIPT #83007-A

If applicable, enter real estate description and record owner information: _____
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
This Property will be used for a  [ ] personal   [ ] business  [ ] agricultural
[ ] ___________________________________________________________________ purpose.
Borrower/Owner State of organization/registration (if applicable)_______________

________________________________________________________________________________
                   ADDITIONAL TERMS OF THE SECURITY AGREEMENT

GENERALLY - This agreement secures this note and any other debt I have with you,
now or later. However, it will not secure other debts if you fail with respect
to such other debts, to make any required disclosure about this security
agreement or if you fail to give any required notice of the right of
rescission. If property described in this agreement is located in another
state, this agreement may also, in some circumstances, be governed by the law
of the state in which the Property is located.
NAME AND LOCATION - My name indicated on page 1 is my exact legal name. If I am
an individual, my address is my principal residence. If I am not an individual,
my address is the location of my chief executive offices or sole place of
business. If I am an entity organized and registered under state law, my address
is located in the state in which I am registered, unless otherwise indicated on
page 2. I will provide verification of registration and location upon your
request. I will provide you with at least 30 days notice prior to any change in
my name, address, or state of organization or registration.
OWNERSHIP AND DUTIES TOWARD PROPERTY - I represent that I own all of the
Property, or to the extent this is a purchase money security interest I will
acquire ownership of the Property with the proceeds of the loan. I will defend
it against any other claim. Your claim to the Property is ahead of the claims of
any other creditor. I agree to do whatever you require to protect your security
interest and to keep your claim in the Property ahead of the claims of other
creditors. I will not do anything to harm your position. If the property
includes a vehicle, I represent that it is not a vehicle seized pursuant to any
federal, state or local forfeiture law. I will not use the Property for a
purpose that will violate any laws or subject the Property to forfeiture or
seizure.
   I will keep books, records and accounts about the Property and my business
in general. I will let you examine these records at any reasonable time. I will
prepare any report or accounting you request, which deals with the Property.
   I will keep the Property in my possession and will keep it in good repair
and use it only for the purpose(s) described on page 1 of this agreement. I
will not change this specified use without your express written permission. I
represent that I am the original owner of the Property and, if I am not, that I
have provided you with a list of prior owners of the Property.
   I will keep the Property at my address listed on page 1 of this agreement,
unless we agree I may keep it at another location. If the Property is to be
used in another state, I will give you a list of those states. I will not try
to sell the Property unless it is inventory or I receive your written
permission to do so. If I sell the Property I will have the payment made
payable to the order of you and me.
   You may demand immediate payment of the debt(s) if the debtor is not a
natural person and without your prior written consent; (1) a beneficial
interest in the debtor is sold or transferred, or (2) there is a change in
either the identity or number of members of a partnership, or (3) there is a
change in ownership of more than 25 percent of the voting stock of a
corporation.
   I will pay all taxes and charges on the Property as they become due. You
have the right of reasonable access in order to inspect the Property. I will
immediately inform you of any loss or damage to the Property.
   If I fail to perform any of my duties under this security agreement, or any
mortgage, deed of trust, lien or other security interest, you may without
notice to me perform the duties or cause them to be performed. Your right to
perform for me shall not create an obligation to perform and your failure to
perform will not preclude you from exercising any of your other rights under
the law or this security agreement.
PURCHASE MONEY SECURITY INTEREST - For the sole purpose of determining the
extent of a purchase money security interest arising under this security
agreement: (a) payments on any nonpurchase money loan also secured by this
agreement will not be deemed to apply to the Purchase Money Loan, and (b)
payments on the Purchase Money Loan will be deemed to apply first to the
nonpurchase money portion of the loan, if any, and then to the purchase money
obligations in the order in which the items of collateral were acquired or if
acquired at the same time, in the order selected by you. No security interest
will be terminated by application of this formula. "Purchase Money Loan" means
any loan the proceeds of which, in whole or in part, are used to acquire any
collateral securing the loan and all extensions, renewals, consolidations and
refinancing of such loan.
PAYMENTS BY LENDER - You are authorized to pay, on my behalf, charges I am or
may become obligated to pay to preserve or protect the secured property (such
as property insurance premiums). You may treat those payments as advances and
add them to the unpaid principal under the note secured by this agreement or
you may demand immediate payment of the amount advanced.
INSURANCE - I agree to buy insurance on the Property against the risks and for
the amounts you require and to furnish you continuing proof of coverage. I will
have the insurance company name you as loss payee of any such policy. You may
require added security if you agree the insurance proceeds may be used to
repair or replace the Property. I will buy insurance from a firm licensed to do
business in the state where you are located. The firm will be reasonably
acceptable to you. The insurance will last until the Property is released from
this agreement. If I fail to buy or maintain the insurance (or fail to name you
as loss payee) you may purchase it yourself.
WARRANTIES AND REPRESENTATIONS - If this agreement includes accounts, I will
not settle any account for less than its full value without your written
permission. I will collect all accounts until you tell me otherwise. I will keep
the proceeds from all the accounts and any goods which are returned to me or
which I take back in trust for you. I will not mix them with any other property
of mine. I will deliver them to you at your request. If you ask me to pay you
the full price on any returned items or items retaken by myself, I will do so.
You may exercise my rights with respect to obligations of any account debtors,
or other persons obligated on the Property, to pay or perform, and you may
enforce any security interest that secures such obligations.
   If this agreement covers inventory, I will not dispose of it except in my
ordinary course of business at the fair market value for the Property, or at a
minimum price established between you and me.

------------------------------------------------------------------------------
Any person who signs within this box does so to give you a security interest
in the Property described on this page. This person does not promise to pay
the note. "I" as used in this security agreement will include the borrower and
any person who signs within this box.

                                      Date ___________________________________

Signed _______________________________________________________________________

                                                                   (page 2 of 3)
<PAGE>
   If this agreement covers farm products I will provide you, at your request,
a written list of the buyers, commission merchants or selling agents to or
through whom I may sell my farm products. In addition to those parties named on
this written list, I authorize you to notify at your sole discretion any
additional parties regarding your security interest in my farm products. I
remain subject to all applicable penalties for selling my farm products in
violation of my agreement with you and the Food Security Act. In this
paragraph the terms farm products, buyers, commission merchants and selling
agents have the meanings given to them in the Federal Food Security Act of 1985.
   If this agreement covers a motor vehicle, I represent that it is not a
vehicle seized pursuant to any federal, state or local forfeiture law.
   If this agreement covers chattel paper or instruments, either as original
collateral or proceeds of the Property, I will note your interest on the face
of the chattel paper or instruments.
REMEDIES - I will be in default on this security agreement if I am in default on
any note this agreement secures or if I fail to keep any promise contained in
the terms of this agreement. If I default, you have all of the rights and
remedies provided in the note and under the Uniform Commercial Code. You may
require me to make the secured property available to you at a place which is
reasonably convenient. You may take possession of the secured property and sell
it as provided by law. The proceeds will be applied first to your expenses and
then to the debt. I agree that 10 days written notice sent to my last known
address by first class mail will be reasonable notice under the Uniform
Commercial Code. My current address is on page 1.
PERFECTION OF SECURITY INTEREST - I authorize you to file a financing statement
covering the Property. I will comply with, facilitate, and otherwise assist you
in connection with obtaining possession of or control over the Property for
purposes of perfecting your security interest under the Uniform Commercial Code.

                          ADDITIONAL TERMS OF THE NOTE
DEFINITIONS - As used on pages 1 and 2, "[X]" means the terms that apply to
this loan. "I," "me" or "my" means each Borrower who signs this note and each
other person or legal entity (including guarantors, endorsers, and sureties)
who agrees to pay this note (together referred to as "us"). "You" or "your"
means the Lender and its successors and assigns.
APPLICABLE LAW - The law of the state of Ohio will govern this agreement. Any
term of this agreement which is contrary to applicable law will not be
effective, unless the law permits you and me to agree to such a variation. If
any provision of this agreement cannot be enforced according to its terms, this
fact will not affect the enforceability of the remainder of this agreement. No
modification of this agreement may be made without your express written
consent. Time is of the essence in this agreement.
PAYMENTS - Each payment I make on this note will first reduce the amount I owe
you for charges which are neither interest nor principal. The remainder of
each payment will then reduce accrued unpaid interest, and then unpaid
principal. If you and I agree to a different application of payments, we will
describe our agreement on this note. I may prepay a part of, or the entire
balance of this loan without penalty, unless we specify to the contrary on this
note. Any partial prepayment will not excuse or reduce any later scheduled
payment until this note is paid in full (unless, when I make the prepayment,
you and I agree in writing to the contrary).
INTEREST - Interest accrues on the principal remaining unpaid from time to
time, until paid in full. If I receive the principal in more than one advance,
each advance will start to earn interest only when I receive the advance. The
interest rate in effect on this note at any given time will apply to the entire
principal sum outstanding at that time. Notwithstanding anything to the
contrary, I do not agree to pay and you do not intend to charge any rate of
interest that is higher than the maximum rate of interest you could charge under
applicable law for the extension of credit that is agreed to in this note
(either before or after maturity). If any notice of interest accrual is sent and
is in error, we mutually agree to correct it, and if you actually collect more
interest than allowed by law and this agreement, you agree to refund it to me.
INDEX RATE - The index will serve only as a device for setting the interest
rate on this note. You do not guarantee by selecting this index, or the margin,
that the interest rate on this note will be the same rate you charge on any
other loans or class of loans you make to me or other borrowers.
POST MATURITY RATE - For purposes of deciding when the "Post Maturity Rate"
(shown on page 1) applies, the term "maturity" means the date of the last
scheduled payment indicated on page 1 of this note or the date you accelerate
payment on the note, whichever is earlier.
SINGLE ADVANCE LOANS - If this is a single advance loan, you and I expect that
you will make only one advance of principal. However, you may add other amounts
to the principal if you make any payments described in the "PAYMENTS BY LENDER"
paragraph on page 2.
MULTIPLE ADVANCE LOANS - If this is a multiple advance loan, you and I expect
that you will make more than one advance of principal. If this is closed end
credit, repaying a part of the principal will not entitle me to additional
credit.
SET OFF - I agree that you may set off any amount due and payable under this
note against any right I have to receive money from you.
   "Right to receive money from you" means:
   (1) any deposit account balance I have with you;
   (2) any money owned to me on an item presented to you or in your possession
       for collection or exchange; and
   (3) any repurchase agreement or other nondeposit obligation.
   "Any amount due and payable under this note" means the total amount of which
you are entitled to demand payment under the terms of this note at the time you
set off. This total includes any balance the due date for which you properly
accelerate under this note.
   If my right to receive money from you is also owned by someone who has not
agreed to pay this note, your right of set-off will apply to my interest in
the obligation and to any other amounts I could withdraw on my sole request or
endorsement. Your right of set-off does not apply to an account or other
obligation where my rights are only as a representative. It also does not apply
to any Individual Retirement Account or other tax-deferred retirement account.
   You will not be liable for the dishonor of any check when the dishonor
occurs because you set off this debt against any of my accounts. I agree to
hold you harmless from any such claims arising as a result of your exercise of
your right to set-off.
DEFAULT - I will be in default if any one or more of the following occur: (1) I
fail to make a payment on time or in the amount due; (2) I fail to keep the
Property insured, if required; (3) I fail to pay, or keep any promise, on any
debt or agreement I have with you; (4) any other creditor of mine attempts to
collect any debt I owe him through court proceedings; (5) I die, am declared
incompetent, make an assignment for the benefit of creditors, or become
insolvent (either because my liabilities exceed my assets or I am unable to pay
my debts as they become due); (6) I make any written statement or provide any
financial information that is untrue or inaccurate at the time it was provided;
(7) I do or fail to do something which causes you to believe you will have
difficulty collecting the amount I owe you; (8) any collateral securing this
note is used in a manner or for a purpose which threatens confiscation by a
legal authority; (9) I change my name or assume an additional name without
first notifying you before making such a change; (10) I fail to plant,
cultivate and harvest crops in due season if I am a producer of crops; (11) any
loan proceeds are used for a purpose that will contribute to excessive erosion
of highly erodible land or to the conversion of wetlands to produce an
agricultural commodity, as further explained in 7 C.F.R. Part 1940, Subpart G,
Exhibit M.
REMEDIES - If I am in default on this note you have, but are not limited to,
the following remedies:
   (1) You may demand immediate payment of all I owe you under this note
       (principal, accrued unpaid interest and other accrued unpaid charges).
   (2) You may set off this debt against any right I have to the payment of
       money from you, subject to the terms of the "Set-Off" paragraph herein.
   (3) You may demand security, additional security, or additional parties to
       be obligated to pay this note as a condition for not using any other
       remedy.
   (4) You may refuse to make advances to me or allow purchases on credit by me.
   (5) You may use any remedy you have under state or federal law.
   (6) You may make use of any remedy given to you in any agreement securing
       this note.
   By selecting any one or more of these remedies you do not give up your right
to use later any other remedy. By waiving your right to declare an event to be
a default, you do not waive your right to consider later the event a default if
it continues or happens again.
COLLECTION COSTS AND ATTORNEY'S FEES - I agree to pay all costs of collection,
replevin or any other or similar type of cost if I am in default. In addition,
if you hire an attorney to collect his note, I also agree to pay any fee you
incur with such attorney plus court costs (except where prohibited by law). To
the extent permitted by the United States Bankruptcy Code, I also agree to pay
the reasonable attorney's fees and costs you incur to collect this debt as
awarded by any court exercising jurisdiction under the Bankruptcy Code.
WAIVER - I give up my rights to require you to do certain things. I will not
require you to:
   (1) demand payment of amounts due (presentment);
   (2) obtain official certification of nonpayment (protest); or
   (3) give notice that amounts due have not been paid (notice of dishonor).
   I waive any defenses I have based on suretyship or impairment of collateral.
OBLIGATIONS INDEPENDENT - I understand that I must pay this note even if
someone else has also agreed to pay it (by, for example, signing this form or a
separate guarantee or endorsement). You may sue me alone, or anyone else who is
obligated on this note, or any number of us together, to collect this note. You
may without notice release any party to this agreement without releasing any
other party. If you give up any of your rights, with or without notice, it will
not affect my duty to pay this note. Any extension of new credit to any of us,
or renewal of this note by all or less than all of us will not release me from
my duty to pay it. (Of course, you are entitled to only one payment in full.) I
agree that you may at your option extend this note or the debt represented by
this note, or any portion of the note or debt, from time to time without limit
or notice and for any term without affecting my liability for payment of the
note. I will not assign my obligation under this agreement without your prior
written approval.
FINANCIAL INFORMATION - I agree to provide you, upon request, any financial
statement or information you may deem necessary. I warrant that the financial
statements and information I provide to you are or will be accurate, correct
and complete.
CONFESSION OF JUDGMENT - In addition to your remedies listed herein, I
authorize any attorney, in the event of my default, to appear in any court of
record having jurisdiction over this matter and to confess judgment. The
confession of judgment may be without process, against me, in favor of you, for
any unpaid principal, accrued interest and accrued charges due on this
agreement, together with collection costs including reasonable attorney's fees.

SIGNATURES: I AGREE TO THE TERMS OF THIS AGREEMENT (INCLUDING THOSE ON PAGES 1
AND 2). I have received a copy on today's date.

-------------------------------------------------------------------------------
IN THIS NOTICE "YOU" MEANS THE BORROWER

   WARNING - BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT
TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU
WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT
FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR
RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT,
OR ANY OTHER CAUSE.
--------------------------------------------------------------------------------
   PROFINANCE HOLDINGS CORPORATION
   /s/ Roswell Ellis
   -----------------------------------------------------------------------------
   ROSWELL ELLIS, PRESIDENT

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

SIGNATURE FOR LENDER: /s/ J. Maffett
                     -----------------------------------------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}]]