Document:

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                                                                 EXHIBIT 10.1(g)

                                PLEDGE AGREEMENT

         THIS PLEDGE AGREEMENT (this "Agreement"), dated as of June 30, 2000, by
BLUE RHINO CORPORATION, a Delaware corporation (the "Pledgor") to BANK OF
AMERICA, N.A., a national banking association (the "Bank").

                              W I T N E S S E T H:

         WHEREAS, the Pledgor is presently a member of R4 Technical Center-North
Carolina, LLC, a Delaware limited liability company (the "Company"), Pledgor's
membership interest being forty-nine percent (49%) of the total membership
interests in the Company; and

         WHEREAS, the Company is indebted to the Bank for and on account of that
certain Second Amended and Restated Loan Agreement dated as of even date
herewith (the "Loan Agreement"); and

         WHEREAS, a condition of the Loan Agreement and the extensions of credit
to the Pledgor thereunder is that the Borrower pledge its membership interest in
the Company to the Bank as collateral security; and

         WHEREAS, the Bank and the Pledgor wish to set forth their agreement
with respect to the foregoing matters herein;

         NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, receipt of which is hereby acknowledged, the Pledgor
hereby agrees with the Bank as follows:

         SECTION 1.        Pledge. The Pledgor hereby pledges to the Bank, and
grants to the Bank a security interest in, all of its right, title and interest
in and to the following described collateral security (the "Pledged
Collateral"):

         All of the Pledgor's right, title and interest in R4 Technical
         Center-North Carolina, LLC, including, without limitation, all of the
         Pledgor's rights as a member thereof, whether such interest is held in
         the Pledgor's name or in the name of any other entity in which the
         Pledgor has any interest, including any legal, beneficial or equitable
         interest of the Pledgor in such interest;

         SECTION 2.        Security for Obligations. This Agreement and the
pledge and security interest granted by the Pledgor to the Bank hereunder
secures the payment and performance of all obligations of the Pledgor now or
hereafter existing under the Loan Agreement, whether for principal, interest,
fees, expenses or otherwise, and all obligations of the Pledgor now or hereafter
existing under this Agreement and any other security instruments (all such
obligations of the Pledgor being the "Obligations").

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         SECTION 3.        Transfer of Pledged Collateral. Any certificates or
instruments representing or evidencing the Pledged Collateral shall be delivered
to and held by the Bank and shall be accompanied by duly executed instruments of
transfer or assignment in blank, all in form and substance satisfactory to the
Bank.

         SECTION 4.        Representations and Warranties. The Pledgor
represents and warrants that:

                  (a)      The Pledgor is the legal and beneficial owner of the
Pledged Collateral free and clear of any lien, security interest, option or
other charge or encumbrance, except for the security interest created by this
Agreement.

                  (b)      The Pledgor has full power and authority to pledge
all of its right, title and interest in and to the Pledged Collateral pursuant
to this Agreement.

                  (c)      The pledge of the Pledged Collateral pursuant to this
Agreement creates a valid and perfected first priority security interest in the
Pledged Collateral, subject to no prior pledge, lien, mortgage, hypothecation,
security interest, charge, option or encumbrance created by the Pledgor (other
than those in favor of the Bank) or to any agreement purporting to grant to any
third party a security interest in the property or assets of the Pledgor which
would include the Pledged Collateral.

                  (d)      This Agreement has been duly authorized, executed and
delivered by the Pledgor and constitutes a legal, valid and binding obligation
of the Pledgor enforceable in accordance with its terms.

                  (e)      No authorization, approval, or other action by, and
no notice to or filing with, any governmental authority or regulatory body is
required either (i) for the pledge by the Pledgor of the Pledged Collateral
pursuant to this Agreement or (ii) for the execution, delivery or performance of
this Agreement by the Pledgor.

                  (f)      The execution, delivery and performance of this
Agreement will not violate any provision of any law or regulation presently in
effect and applicable to Pledgor or of any order, judgment, writ, award or
decree of any court, arbitrator or governmental authority, domestic or foreign
of which the Pledgor is bound, or of any mortgage, indenture, lease contract, or
agreement, to which the Pledgor is a party or which is binding upon the Pledgor
or upon any of its assets, and will not result in the creation or imposition of
any other lien, charge or encumbrance on or security interest in any of the
assets of the Pledgor.

                  (g)      There is no pending action or proceeding before any
court, governmental agency or arbitrator against or directly involving the
Pledgor, and to the best knowledge of the Pledgor, there is no threatened action
or proceeding affecting the Pledgor before any court, governmental agency or
arbitrator which, in any case, is likely to materially impair the Pledgor's
ability to perform its obligations under this Agreement.

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         SECTION 5.        Affirmative Covenants. The Pledgor covenants and
agrees that, unless the Bank shall otherwise consent in writing:

                  (a)      The Pledgor will own the Pledged Collateral free and
clear of all liens, claims, encumbrances and security interests of any nature
whatsoever created by the Pledgor, except for the lien and security interest
provided for hereby or those in favor of the Bank.

                  (b)      The Pledgor will defend the Bank's position as
pledgee of the Pledged Collateral against the claims and demands of all persons
whomsoever.

         SECTION 6.        Negative Covenants. The Pledgor covenants and agrees
that it will not, without the written consent of the Bank:

                  (a)      Sell, assign, transfer, exchange, or otherwise
dispose of, or grant any option with respect to, the Pledged Collateral, nor
will it create, incur or permit to exist any affirmative pledge, lien, mortgage,
hypothecation, security interest, charge, option or any other affirmative
encumbrance with respect to the Pledged Collateral, or any interest therein, or
any proceeds thereof, except for the lien and security interest provided for by
this Agreement or those in favor of the Bank.

                  (b)      As a member of the Company, take or consent to any
action by the Company or the managers thereof to sell, trade, convey, transfer,
mortgage, encumber or pledge any of its personal or real property, including any
fixtures or improvements, except for (i) any lien to the Bank, or (ii) any
transaction affecting the Company's property occurring in the normal and
ordinary course of the Company's business.

         SECTION 7.        Further Assurances. The Pledgor agrees that at any
time and from time to time, at the expense of the Pledgor, the Pledgor will
promptly execute and deliver all further instruments and documents, and take all
further action, that may be necessary or desirable, or that the Bank may
reasonably request, in order to perfect and protect any security interest
granted or purported to be granted hereby or to enable the Bank to exercise and
enforce its rights and remedies hereunder with respect to any Pledged
Collateral.

         SECTION 8.        Voting Rights; Interest, Etc.

                  (a)      So long as no event of default or event which, with
the giving of notice or the passage of time, or both, would become an event of
default under the Obligations shall have occurred and not been waived by the
Bank:

                           (i)      The Pledgor shall be entitled to exercise,
or refrain from exercising, any and all voting and other consensual rights
pertaining to the Pledged Collateral or any part thereof for any purpose not
inconsistent with the terms of this Agreement; provided, however, that the
Pledgor shall not exercise or refrain from

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exercising any such right if, in the Bank's judgment, such action would have a
material adverse effect on the value of the Pledged Collateral or any part
thereof.

                           (ii)     The Pledgor shall be entitled to receive and
retain any and all dividends or distributions paid in respect of the Pledged
Collateral, provided, however, that any and all

                           (A)      dividends or distributions paid or payable
                  other than in cash, and any instruments and other property
                  received, receivable or otherwise distributed in respect of,
                  or in exchange for, any Pledged Collateral, and

                           (B)      dividends or distributions paid, payable or
                  otherwise distributed in respect of principal, or in
                  redemption of, or in exchange for, any Pledged Collateral,

shall be, and shall be forthwith delivered to the Bank to hold as, Pledged
Collateral and shall, if received by the Pledgor, be received in trust for the
benefit of the Bank, be segregated from the other property or funds of the
Pledgor, and be forthwith delivered to the Bank as Pledged Collateral in the
same form as so received (with any necessary endorsement).

                           (iii)    The Bank shall execute and deliver (or cause
to be executed and delivered) to the Pledgor all such proxies and instruments as
the Pledgor may reasonably request for the purpose of enabling the Pledgor to
exercise the voting and other rights which it is entitled to exercise pursuant
to paragraph (i) above and to receive the payments which it is authorized to
receive and retain pursuant to paragraph (ii) above.

                  (b)      Upon the occurrence of an event of default or an
event which, with the giving of notice or the passing of time, or both, would
become an event of default under the Obligations:

                           (i)      All rights of the Pledgor to exercise the
voting and other consensual rights which it would otherwise be entitled to
exercise pursuant to Section 8 (a)(i) and to receive the payments which it would
otherwise be authorized to receive and retain pursuant to Section 8(a)(ii)
shall cease, and all such rights shall thereupon become vested in the Bank which
shall thereupon have the sole right to exercise such voting and other consensual
rights and to receive and hold as Pledged Collateral such payments.

                           (ii)     All payments which are received by the
Pledgor contrary to the provisions of paragraph (i) of this Section 8(b) shall
be received in trust for the benefit of the Bank, shall be segregated from other
funds of the Pledgor and shall be forthwith paid over to the Bank as Pledged
Collateral in the same form as so received (with any necessary endorsement).

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         SECTION 9.        Bank Appointed Attorney-in-Fact. The Pledgor hereby
appoints the Bank the Pledgor's attorney-in-fact, said appointment being coupled
with an interest, with full authority in the place and stead of the Pledgor, and
in the name of the Pledgor or otherwise, from time to time in the Bank's
discretion to take any action and to execute any instrument which the Bank may
deem necessary or advisable to assure that the Pledged Collateral is pledged to
the Bank and the Pledgor's agreements and Obligations hereunder are performed
and satisfied, including, without limitation, to receive, endorse and collect
all instruments made payable to the Pledgor representing any interest payment or
other distribution in respect of the Pledged Collateral or any part thereof and
to give full discharge for the same.

         SECTION 10.       Bank May Perform. If the Pledgor fails to perform any
agreement contained herein, the Bank, upon notice to Pledgor, may itself
perform, or cause performance of, such agreement, and the reasonable expenses of
the Bank incurred in connection therewith shall be payable by the Pledgor
pursuant to Section 14 hereof.

         SECTION 11.       Reasonable Care. The Bank shall be deemed to have
exercised reasonable care in the custody and preservation of any Pledged
Collateral in its possession if the Pledged Collateral is accorded treatment
substantially equal to that which the Bank accords its own property, it being
understood that the Bank shall not have any responsibility for (i) ascertaining
or taking action with respect to calls, conversions, exchanges, maturities,
tenders or other matters relative to any Pledged Collateral, whether or not the
Bank has or is deemed to have knowledge of such matters, or (ii) taking any
necessary steps to preserve rights against any parties with respect to any
Pledged Collateral.

         SECTION 12.       Sale of Collateral. The Pledgor agrees to do or cause
to be done all such other acts and things as may be necessary to make any sale
or sales of any portion or all of the Pledged Collateral contemplated by Section
13 hereof valid and binding and in compliance with any and all applicable laws,
regulations, orders, writs, injunctions, decrees or awards of any and all
courts, arbitrators or governmental instrumentalities, domestic or foreign,
having jurisdiction over any such sale or sales, all at the Pledgor's expense.
The Pledgor further agrees that a breach of any of the covenants contained in
this Section 12 will cause irreparable injury to the Bank, that the Bank has no
adequate remedy at law in respect of such breach and, as a consequence, agrees
that each and every covenant contained in this Section shall be specifically
enforceable against the Pledgor, and the Pledgor hereby waives and agrees not to
assert any defenses against any action for specific performance of such
covenants except for a defense that no event of default has occurred.

         SECTION 13.       Remedies Upon Default. If any event of default shall
have occurred under the Obligations and not been waived by the Bank:

                  (a)      The Bank may exercise, in respect of the Pledged
Collateral, in addition to other rights and remedies provided for herein or
otherwise available to it, all the rights and remedies of a secured party on
default under the Uniform Commercial

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Code (the "UCC") in effect in the State of North Carolina at that time, and the
Bank may also, without notice except as specified below, sell the Pledged
Collateral or any part thereof in one or more parcels at public or private sale,
at any exchange, broker's board or at any of the Bank's offices or elsewhere,
for cash, on credit or for future delivery, and upon such other terms as the
Bank may deem commercially reasonable. The Pledgor agrees that, to the extent
notice of sale shall be required by law, ten days notice to the Pledgor of the
time and place of any public sale or the time after which any private sale is to
be made shall constitute reasonable notification. The Bank shall not be
obligated to make any sale of Pledged Collateral regardless of notice of sale
having been given. The Bank may adjourn any public or private sale from time to
time by announcement at the time and place fixed therefor, and such sale may,
without further notice, be made at the time and place to which it was so
adjourned.

                  (b)      Any cash held by the Bank or on its behalf as Pledged
Collateral and all cash proceeds received by the Bank in respect of any sale of,
collection from, or other realization upon all or any part of the Pledged
Collateral may, in the discretion of the Bank, be held by the Bank or on its
behalf as collateral for, and then or at any time thereafter applied (after
payment of any amounts payable to the Bank pursuant to Section 14) in whole or
in part by the Bank against, all or any portion of the Obligations in such order
as the Bank shall elect. Any surplus of such cash or cash proceeds held by the
Bank or on its behalf and remaining after payment and performance in full of all
the Obligations shall be paid over to the Pledgor or to whomsoever may be
lawfully entitled to receive such surplus promptly, but in any event within two
business days of the receipt thereof.

         SECTION 14.       Expenses. The Pledgor will upon demand pay to the
Bank the amount of any and all reasonable expenses, including the reasonable
fees and expenses of its counsel and of any agents, which the Bank may incur in
connection with (i) the administration of this agreement, (ii) the custody or
preservation of, or the sale of, collection from, or other realization upon, any
of the Pledged Collateral, (iii) the exercise or enforcement of any of the
rights of the Bank hereunder, or (iv) the failure by the Pledgor to perform or
observe any of the provisions hereof.

         SECTION 15.       Amendment, Etc. No amendment or waiver of any
provision of this Agreement nor consent to any departure by the Pledgor
herefrom, shall in any event be effective unless the same shall be in writing
and signed by the Bank and the Pledgor, and then such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which
given. The Bank shall not by any act, delay, omission or otherwise be deemed to
have waived any of its rights or remedies hereunder and no waiver shall be valid
unless in writing, signed by the Bank and then only to the extent therein set
forth. A waiver by the Bank of any right or remedy hereunder on any one occasion
shall not be construed as a bar or waiver to any right or remedy which the Bank
would otherwise have on any future occasion. No failure to exercise nor a delay
in exercising on the part of the Bank, any right, power or privilege hereunder,
shall operate as waiver thereof; nor shall any single or partial exercise of any
right, power or privilege hereunder preclude any other or further exercise
thereof or the exercise of any other right,

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power or privilege. The rights and remedies herein provided are cumulative and
may be exercised singly or concurrently, and not exclusive of any rights or
remedies provided by law.

         SECTION 16.       Amendments, Modifications and Waivers with Respect to
Obligations. The Pledgor hereby consents that, without the necessity of any
reservation of rights against the Pledgor, and without notice to the Pledgor,
any demand for payment of any of the Obligations made by the Bank may be
rescinded by the Bank and any of the Obligations continued prior to its payment,
and the Obligations, or the liability of the Pledgor or any other party upon or
for any part thereof, or any collateral security or guarantee therefor or right
of offset with respect thereto, may, from time to time, in whole or in part, be
renewed, extended, amended, modified, accelerated, compromised, waived,
surrendered, or released by the Bank, and any collateral security documents or
guarantees or documents in connection therewith may be amended, modified,
supplemented or terminated, in whole or in part, as the Bank may deem advisable
from time to time, and any collateral security at any time held by the Bank for
the payment of the Obligations may be sold, exchanged, waived, surrendered or
released, all without the necessity of any reservation of rights against the
Pledgor and without notice to or further assent by the Pledgor, which will
remain bound hereunder, notwithstanding any such renewal, extension,
modification, acceleration, compromise, amendment, supplement or release. The
Bank shall have no obligation to protect, secure, perfect or insure any other
collateral security documents or property subject thereto at any time held as
security for the Obligations. The Pledgor waives any and all notice of the
creation, renewal, extension or accrual of any of the Obligations and notice of
or proof of reliance by the Bank upon this Agreement; and the Obligations shall
conclusively be deemed to have been created, contracted or incurred in reliance
upon this Agreement, and all dealings between the Pledgor and the Bank shall
likewise be conclusively presumed to have been had or consummated in reliance
upon this Agreement. The Pledgor waives diligence, presentment, protest, demand
for payment and notice of default or nonpayment to or upon the Pledgor with
respect to the Obligations.

         SECTION 17.       Notices. All notices and other communications
provided for hereunder shall be in writing (including tested telex), addressed
to the Pledgor at the address of the Borrower, and to the Bank, respectively, as
specified in the Loan Agreement, or as to any party at such other address as
shall be designated by such party in a written notice to the other party
complying as to delivery with the terms of this Section. All such notices and
other communications shall, when telexed or delivered, as the case may be, be
effective upon receipt.

         SECTION 18.       Continuing Security Interest. This Agreement shall
create a continuing security interest in the Pledged Collateral and shall (i)
remain in full force and effect until payment and performance in full of the
Obligations, (ii) be binding upon the Pledgor, its successors and assigns, and
(iii) inure to the benefit of the Bank and its successors, transferees and
assigns. Without limiting the generality of the foregoing clause (iii), the Bank
may assign or otherwise transfer the Loan Agreement and this Agreement to any
other person or entity, and such other person or entity shall thereupon

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become vested with all the benefits in respect thereof granted to the Bank
herein or otherwise. Upon the payment and performance in full of the
Obligations, the Pledgor shall be entitled to the return, upon its request and
at its expense, of such of the Pledged Collateral as shall not have been sold or
otherwise applied pursuant to the terms hereof.

         SECTION 19.       Severability. Any provision of this Agreement which
is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.

         SECTION 20.       Appointment of Agent. The Bank shall have the right
and power hereunder to appoint any person, corporation, banking institution or
trust company to act as its agent (the "Agent") hereunder to perfect the Bank's
lien and security interest in the Pledged Collateral and to take such action on
its behalf and to exercise such powers hereunder as are necessary to perfect or
protect the Bank's security interest in the Pledged Collateral and perform this
Agreement. Such power may be exercised by delivery of written notice of
appointment to such Agent and to the Pledgor.

         SECTION 21.       Governing Law; Terms. This Agreement shall be
governed by and construed in accordance with the laws of the State of North
Carolina. Unless otherwise defined herein or in the Loan Agreement, terms
defined in Article 9 of the UCC are used herein as therein defined.

         SECTION 22.       Execution in Counterparts. This Agreement may be
executed in separate counterparts, all of which taken together shall be deemed
to constitute one and the same instrument.

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         IN WITNESS WHEREOF, the parties hereto have caused this Pledge
Agreement to be duly executed and delivered by their officers thereunto duly
authorized as of the date and year first above written.

                                    PLEDGOR:

                                    BLUE RHINO CORPORATION
ATTEST:
                                    By: /s/ Billy D. Prim
                                       ----------------------------
                                    Title: President and CEO
/s/ Mark Castaneda
SECRETARY
         [Corporate Seal]

                                    BANK:

                                    BANK OF AMERICA, N.A.

                                    By: /s/ J. Thomas Johnson, Jr.
                                       ----------------------------
                                       Title: Senior Vice President

The undersigned does hereby acknowledge and consent to the terms of the
foregoing Pledge Agreement, agrees to register the pledge of the Pledged
Collateral to the Bank in its records, and agrees that it will comply with all
instructions originated by the Bank with respect to the Pledged Collateral,
without further consent by the Pledgor.

R4 TECHNICAL CENTER-NORTH CAROLINA, LLC     (SEAL)

By: /s/ Billy D. Prim (SEAL)
         Manager

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                                                                 EXHIBIT 10.1(k)

                                                          Date: October 26, 2000

                      CONTINUING AND UNCONDITIONAL GUARANTY

<TABLE>
<CAPTION>

BANK:                                                 GUARANTOR:

<S>                                                   <C>
Bank of America, N.A.
Banking Center:

     Commercial Lending                                    QUICKSHIP, INC.
     380 Knollwood Street                                  104 Cambridge Plaza Drive
     Winston-Salem, Forsyth Co., NC 27103                  Winston-Salem, Forsyth County, NC 27104

                                                       (Name and street address, including county)
(Street address including county)
</TABLE>

"BORROWER":   BLUE RHINO CORPORATION
           ---------------------------------------------------------------------
                                (Borrower's Name)

1.       GUARANTY. FOR VALUE RECEIVED, and to induce Bank of America, N.A.
(Attn: J. Thomas Johnson, Jr.) ("Bank") to make loans or advances or to extend
credit or other financial accommodations or benefits, with or without security,
to or for the account of Borrower, the undersigned "Guarantor", if more than
one, then each of them jointly and severally, hereby becomes surety for and
irrevocably and unconditionally guarantees to Bank the full and prompt payment
when due, whether by acceleration or otherwise, of any and all Liabilities of
Borrower to Bank. This Guaranty is continuing and unlimited as to the amount,
and is cumulative to and does not supersede any other guaranties.

Guarantor further unconditionally guarantees the faithful, prompt and complete
compliance by Borrower with all Obligations (as hereinafter defined). The
undertakings of Guarantor hereunder are independent of the Liabilities and
Obligations of Borrower and a separate action or actions for payment, damages or
performance may be brought or prosecuted against Guarantor, whether or not an
action is brought against Borrower or to realize upon the security for the
Liabilities and/or Obligations, whether or not Borrower is joined in any such
action or actions, and whether or not notice is given or demand is made upon
Borrower.

Bank shall not be required to proceed first against Borrower, or any other
person or entity, whether primarily or secondarily liable, or against any
collateral held by it, before resorting to Guarantor for payment, and Guarantor
shall not be entitled to assert as a defense to the enforceability of the
Guaranty any defense of Borrower with respect to any Liabilities or Obligations.

2.       PARAGRAPH HEADINGS, GOVERNING LAW AND BINDING EFFECT. Guarantor agrees
that the paragraph headings in this Guaranty are for convenience only and that
they will not limit any of the provisions of this Guaranty. Guarantor further
agrees that this Guaranty shall be governed by and construed in accordance with
the laws of the State of North Carolina and applicable United States federal
law. Guarantor further agrees that this Guaranty shall be deemed to have been
made in the State of North Carolina at Bank's address indicated above, and shall
be governed by, and construed in accordance with, the laws of the State of North
Carolina, or the United States courts located within the State of North
Carolina, and is performable in the State of North Carolina. This Guaranty is
binding upon Guarantor, his, their or its executors, administrators, successors
or assigns, and shall inure to the benefit of Bank, its successors, indorsees or
assigns. Anyone executing this Guaranty shall be bound by the terms hereof
without regard to execution by anyone else.

3.       DEFINITIONS.

         A.       "Guarantor" shall mean Guarantor or any one or more of them.

         B.       "Liability" or "Liabilities" shall mean without limitation,
all liabilities, overdrafts, indebtedness, and obligations of Borrower and/or
Guarantor to Bank, whether direct or indirect, absolute or contingent, joint or
several, secured or unsecured, due or not due, contractual or tortious,
liquidated or unliquidated, arising by operation of law or otherwise, now or
hereafter existing, or held or to be held by Bank for its own account or as
agent for another or others, whether created directly, indirectly, or acquired
by assignment or otherwise, including but not limited to all extensions or
renewals thereof, and all sums payable under or by virtue thereof, including
without limitation, all amounts of principal and interest, all expenses
(including reasonable attorney's fees and cost of collection) incurred in the
collection thereof or the enforcement of rights thereunder (including without
limitation, any liability arising from failure to comply with state or federal
laws, rules and regulations concerning the control of hazardous waste or
substances at or with respect to any real estate securing any loan guaranteed
hereby), whether arising in the ordinary course of business or otherwise. If
Borrower is a partnership, corporation or other entity the term "Liability" or
"Liabilities" as used herein shall include all Liabilities to Bank of any
successor entity or entities.

         C.       "Loan Documents" shall mean all deeds to secure debt, deeds of
trust, mortgages, security agreements and other documents securing payment of
the Liabilities and all notes and other agreements, documents, and instruments
evidencing or relating to the Liabilities and Obligations.

         D.       "Obligation" or "Obligations" shall mean all terms,
conditions, covenants, agreements and undertakings of Borrower and/or Guarantor
under all notes and other documents evidencing the Liabilities, and under all
deeds to secure debt, deeds of trust, mortgages, security agreements and other
agreements, documents and instruments executed in connection with the
Liabilities or related thereto.

4.       WAIVERS BY GUARANTOR. Guarantor waives notice of acceptance of this
Guaranty, notice of any Liabilities or Obligations to which it may apply,
presentment, demand for payment, protest, notice of dishonor or nonpayment of
any Liabilities, notice of intent to accelerate, notice of acceleration, and
notice of any suit or the taking of other action by Bank against Borrower,
Guarantor or any other person, any applicable statute of limitations and any
other notice to any party liable on any Loan Document (including Guarantor).

Each Guarantor also hereby waives any claim, right or remedy which such
Guarantor may now have or hereafter acquire against Borrower that arises
hereunder and/or from the performance by any other Guarantor hereunder
including, without limitation, any claim, remedy or right of subrogation,
reimbursement, exoneration, contribution, indemnification, or participation in
any claim, right or remedy of Bank against Borrower or against any security
which Bank now has or hereafter acquires, whether or not such claim, right or
remedy arises in equity, under contract, by statute, under common law or
otherwise.

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<PAGE>   2

Guarantor also waives the benefits of any provision of law requiring that Bank
exhaust any right or remedy, or take any action, against Borrower, any
Guarantor, any other person and/or property including but not limited to the
provisions of N.C. Gen. Stat. ss.26-7 through ss.26-9, inclusive, as amended,
or otherwise.

Bank may at any time and from time to time (whether before or after revocation
or termination of this Guaranty) without notice to Guarantor (except as required
by law), without incurring responsibility to Guarantor, without impairing,
releasing or otherwise affecting the Obligations of Guarantor, in whole or in
part, and without the indorsement or execution by Guarantor of any additional
consent, waiver or guaranty: (a) change the manner, place or terms of payment,
or change or extend the time of or renew, or change any interest rate or alter
any Liability or Obligation or installment thereof, or any security therefor;
(b) loan additional monies or extend additional credit to Borrower, with or
without security, thereby creating new Liabilities or Obligations the payment or
performance of which shall be guaranteed hereunder, and the Guaranty herein made
shall apply to the Liabilities and Obligations as so changed, extended,
surrendered, realized upon or otherwise altered; (c) sell, exchange, release,
surrender, realize upon or otherwise deal with in any manner and in any order
any property at any time pledged or mortgaged to secure the Liabilities or
Obligations and any offset there against; (d) exercise or refrain from
exercising any rights against Borrower or others (including Guarantor) or act or
refrain from acting in any other manner; (e) settle or compromise any Liability
or Obligation or any security therefor and subordinate the payment of all or any
part thereof to the payment of any Liability or Obligation of any other parties
primarily or secondarily liable on any of the Liabilities or Obligations; (f)
release or compromise any Liability of Guarantor hereunder or any Liability or
Obligation of any other parties primarily or secondarily liable on any of the
Liabilities or Obligations; or (g) apply any sums from any sources to any
Liability without regard to any Liabilities remaining unpaid.

5.       SUBORDINATION. Upon demand of Bank, Guarantor agrees that it will not
demand, take or receive from Borrower, by set-off or in any other manner,
payment of any debt, now and at any time or times hereafter owing by Borrower to
Guarantor unless and until all the Liabilities and Obligations shall have been
fully paid and performed, and any security interest, liens or encumbrances which
Guarantor now has and from time to time hereafter may have upon any of the
assets of Borrower shall be made subordinate, junior and inferior and postponed
in priority, operation and effect to any security interest of Bank in such
assets.

6.       WAIVERS BY BANK. No delay on the part of Bank in exercising any of its
options, powers or rights, and no partial or single exercise thereof, shall
constitute a waiver thereof. No waiver of any of its rights hereunder, and no
modification or amendment of this Guaranty, shall be deemed to be made by Bank
unless the same shall be in writing, duly signed on behalf of Bank; and each
such waiver, if any, shall apply only with respect to the specific instance
involved, and shall in no way impair the rights of Bank or the obligations of
Guarantor to Bank in any other respect at any other time.

7.       TERMINATION. This Guaranty shall be binding on each Guarantor until
written notice of revocation signed by such Guarantor or written notice of the
dissolution of such Guarantor shall have been received by Bank, notwithstanding
change in name, location, composition or structure of, or the dissolution,
termination or increase, decrease or change in personnel, owners or partners of
Borrower, or any one or more of Guarantors. No notice of revocation or
termination hereof shall affect in any manner rights arising under this Guaranty
with respect to Liabilities or Obligations that shall have been committed,
created, contracted, assumed or incurred prior to receipt of such written notice
pursuant to any agreement entered into by Bank prior to receipt of such notice.
The sole effect of such notice of revocation or termination hereof shall be to
exclude from this Guaranty, Liabilities or Obligations thereafter arising that
are unconnected with Liabilities or Obligations theretofore arising or
transactions entered into theretofore.

8.       PARTIAL INVALIDITY AND/OR ENFORCEABILITY OF GUARANTY. The
unenforceability or invalidity of any provision of this Guaranty shall not
affect the enforceability or validity of any other provision herein and the
invalidity or unenforceability of any provision of any Loan Document as it may
apply to any person or circumstance shall not affect the enforceability or
validity of such provision as it may apply to other persons or circumstances.

In the event Bank is required to relinquish or return the payments, the
collateral or the proceeds thereof, in whole or in part, which had been
previously applied to or retained for application against any Liability, by
reason of a proceeding arising under the Bankruptcy Code, or for any other
reason, this Guaranty shall automatically continue to be effective
notwithstanding any previous cancellation or release effected by Bank.

9.       CHANGE OF STATUS. Guarantor will not become a party to a merger or
consolidation with any other company, except where Guarantor is the surviving
corporation or entity, and all covenants under this Guaranty are assumed by the
surviving entity. Further, Guarantor may not change its legal structure, without
the written consent of Bank and all covenants under this Guaranty are assumed by
the new or surviving entity. Guarantor further agrees that this Guaranty shall
be binding, legal and enforceable against Guarantor in the event Borrower
changes its name, status or type of entity.

10.      FINANCIAL AND OTHER INFORMATION. Guarantor agrees to furnish to Bank
any and all financial information and any other information regarding Guarantor
and/or collateral requested in writing by Bank within ten (10) days of the date
of the request. Guarantor has made an independent investigation of the financial
condition and affairs of Borrower prior to entering into this Guaranty, and
Guarantor will continue to make such investigation; and in entering into this
Guaranty Guarantor has not relied upon any representation of Bank as to the
financial condition, operation or creditworthiness of Borrower. Guarantor
further agrees that Bank shall have no duty or responsibility now or hereafter
to make any investigation or appraisal of Borrower on behalf of Guarantor or to
provide Guarantor with any credit or other information which may come to its
attention now or hereafter.

11.      NOTICES. Notice shall be deemed reasonable if mailed postage prepaid at
least five (5) days before the related action to the address of Guarantor or
Bank, at their respective addresses indicated at the beginning of this Guaranty,
or to such other address as any party may designate by written notice to the
other party. Each notice, request and demand shall be deemed given or made, if
sent by mail, upon the earlier of the date of receipt or five (5) days after
deposit in the U.S. Mail, first class postage prepaid, or if sent by any other
means, upon delivery.

12.      GUARANTOR DUTIES. Guarantor shall upon notice or demand by Bank
promptly and with due diligence pay all Liabilities and perform and satisfy all
Obligations for the benefit of Bank in the event of (a) the occurrence of any
default under any Loan Documents; (b) the failure of any Borrower or Guarantor
to perform any obligation or pay any liability or indebtedness of any Borrower
or Guarantor to Bank, or to any affiliate of Bank, whether under any Note,
Guaranty, or any other agreement, now or hereafter existing, as and when due
(whether upon demand, at maturity or by acceleration); (c) the failure of any
Borrower or Guarantor to pay or perform any other liability, obligation or
indebtedness of any Borrower or Guarantor to any other party; (d) the death of
any Borrower or Guarantor (if an individual); (e) the resignation or withdrawal
of any partner or a material owner/Guarantor of Borrower, as determined by Bank
in its sole discretion; (f) the commencement of a proceeding against any
Borrower or Guarantor for dissolution or liquidation, the voluntary or
involuntary termination or dissolution of any Borrower or Guarantor or the
merger or consolidation of any Borrower or Guarantor with or into another
entity; (g) the insolvency, or the business failure of, or the appointment of a
custodian, trustee, liquidator or receiver for or of any of the property of, or
the assignment for the benefit of creditors by, or the filing of a petition
under bankruptcy, insolvency or debtor's relief law or the filing of a petition
for any adjustment of indebtedness, composition or extension by or against any
Borrower or Guarantor; (h) the sole determination by Bank that any
representation or warranty to Bank in any Loan Document or otherwise to Bank was
untrue or materially misleading when made; (i) the failure of Guarantor or
Borrower to timely deliver such financial statements including tax returns and
all schedules, or other statements of condition or other information, as Bank
shall request from time to time; (j) the entry of a judgment against Borrower or
Guarantor which Bank deems to be of a material nature in the sole discretion of
Bank; (k) the seizure or forfeiture of any of Borrower or Guarantor's property,
or the issuance of any writ of possession, garnishment or attachment, or any
turnover order; (l) any lien or additional security interest being placed upon
any collateral which is security for any Loan Document; or (m) the failure of
Borrower's business to comply with any law or regulation controlling the
operation of Borrower's business, the failure to comply with which would result
in a material adverse effect on Borrower.

13.      REMEDIES. Upon the failure of Guarantor to fulfill its duty to pay all
Liabilities and perform and satisfy all Obligations as required hereunder, Bank
shall have all of the remedies of a creditor and, to the extent applicable, of a
secured party, under all applicable law, and without limiting the generality of
the foregoing, Bank may, at its option and without notice or demand: (a) declare
any Liability due and payable at once; (b) take possession of any collateral
pledged by Borrower or Guarantor wherever located, and sell, resell, assign,
transfer and deliver all or any part of said collateral of Borrower or

                                      -2-
<PAGE>   3

Guarantor at any public or private sale or otherwise dispose of any or all of
the collateral in its then condition, for cash or on credit or for future
delivery, and in connection therewith Bank may impose reasonable conditions upon
any such sale, and Bank, unless prohibited by law the provisions of which cannot
be waived, may purchase all or any part of said collateral to be sold, free from
and discharged of all trusts, claims, rights or redemption and equities of
Borrower or Guarantor whatsoever; Guarantor acknowledges and agrees that the
sale of any collateral through any nationally recognized broker-dealer,
investment banker or any other method common in the securities industry shall be
deemed a commercially reasonable sale under the Uniform Commercial Code or any
other equivalent statute or federal law, and expressly waives notice thereof
except as provided herein; and (c) set-off against any or all liabilities of
Guarantor all money owed by Bank or any of its agents or affiliates in any
capacity to Guarantor whether or not due, and also set-off against all other
Liabilities of Guarantor to Bank all money owed by Bank in any capacity to
Guarantor, and if exercised by Bank, Bank shall be deemed to have exercised such
right of set-off and to have made a charge against any such money immediately
upon the occurrence of such default although made or entered on the books
subsequent thereto.

Bank shall have a properly perfected security interest in all of Guarantor's
funds on deposit with Bank to secure the balance of any Liabilities and/or
Obligations that Guarantor may now or in the future owe Bank. Bank is granted a
contractual right of set-off and will not be liable for dishonoring checks or
withdrawals where the exercise of Bank's contractual right of set-off or
security interest results in insufficient funds in Guarantor's account. As
authorized by law, Guarantor grants to Bank this contractual right of set-off
and security interest in all property of Guarantor now or at anytime hereafter
in the possession of Bank, including but not limited to any joint account,
special account, account by the entireties, tenancy in common, and all dividends
and distributions now or hereafter in the possession or control of Bank.

14.      ATTORNEY FEES, COST AND EXPENSES. Guarantor shall pay all costs of
collection and reasonable attorney's fees, including reasonable attorney's fees
in connection with any suit, mediation or arbitration proceeding, out of Court
payment agreement, trial, appeal, bankruptcy proceedings or otherwise, incurred
or paid by Bank in enforcing the payment of any Liability or defending this
agreement.

15.      COLLATERAL.

[X] CHECK IF APPLICABLE. Guarantor hereby pledges, assigns and grants to Bank a
security interest in and title to the collateral described in the security
agreement, deed of trust, deed to secure debt, mortgage or other collateral
instrument dated of even date herewith, which collateral, except for any margin
stock (as defined in Regulation U of the Board of Governors of the Federal
Reserve System), shall secure this Guaranty, whether currently existing or
arising in the future. Guarantor agrees to execute such security agreements,
financing statements and other documents as Bank may reasonably require or
request to obtain and perfect its security interest in said collateral.

16.      PRESERVATION OF PROPERTY. Bank shall not be bound to take any steps
necessary to preserve any rights in any property pledged as collateral to Bank
to secure Borrower and/or Guarantor's Liabilities and Obligations as against
prior parties who may be liable in connection therewith, and Borrower and
Guarantor hereby agree to take any such steps. Bank, nevertheless, at any time,
may (a) take any action it deems appropriate for the care or preservation of
such property or of any rights of Borrower and/or Guarantor or Bank therein; (b)
demand, sue for, collect or receive any money or property at any time due,
payable or receivable on account of or in exchange for any property pledged as
collateral to Bank to secure Borrower and/or Guarantor's Liabilities to Bank;
(c) compromise and settle with any person liable on such property; or (d) extend
the time of payment or otherwise change the terms of the Loan Documents as to
any party liable on the Loan Documents, all without notice to, without incurring
responsibility to, and without affecting any of the Obligations or Liabilities
of Guarantor.

17.      ARBITRATION. ANY CONTROVERSY OR CLAIM BETWEEN OR AMONG THE PARTIES
HERETO INCLUDING BUT NOT LIMITED TO THOSE ARISING OUT OF OR RELATING TO THIS
INSTRUMENT, AGREEMENT OR DOCUMENT OR ANY RELATED INSTRUMENTS, AGREEMENTS OR
DOCUMENTS, INCLUDING ANY CLAIM BASED ON OR ARISING FROM AN ALLEGED TORT, SHALL
BE DETERMINED BY BINDING ARBITRATION IN ACCORDANCE WITH THE FEDERAL ARBITRATION
ACT (OR IF NOT APPLICABLE, THE APPLICABLE STATE LAW), THE RULES OF PRACTICE AND
PROCEDURE FOR THE ARBITRATION OF COMMERCIAL DISPUTES OF J.A.M.S./ENDISPUTE OR
ANY SUCCESSOR THEREOF ("J.A.M.S."), AND THE "SPECIAL RULES" SET FORTH BELOW. IN
THE EVENT OF ANY INCONSISTENCY, THE SPECIAL RULES SHALL CONTROL. JUDGMENT UPON
ANY ARBITRATION AWARD MAY BE ENTERED IN ANY COURT HAVING JURISDICTION. ANY PARTY
TO THIS INSTRUMENT, AGREEMENT OR DOCUMENT MAY BRING AN ACTION, INCLUDING A
SUMMARY OR EXPEDITED PROCEEDING, TO COMPEL ARBITRATION OF ANY CONTROVERSY OR
CLAIM TO WHICH THIS AGREEMENT APPLIES IN ANY COURT HAVING JURISDICTION OVER SUCH
ACTION.

         A.       SPECIAL RULES. THE ARBITRATION SHALL BE CONDUCTED IN THE
COUNTY OF ANY BORROWER'S DOMICILE, OR IF THERE IS REAL OR PERSONAL PROPERTY
COLLATERAL, IN THE COUNTY WHERE SUCH REAL OR PERSONAL PROPERTY IS LOCATED AT THE
TIME OF THE EXECUTION OF THIS INSTRUMENT, AGREEMENT OR DOCUMENT AND ADMINISTERED
BY J.A.M.S. WHO WILL APPOINT AN ARBITRATOR; IF J.A.M.S. IS UNABLE OR LEGALLY
PRECLUDED FROM ADMINISTERING THE ARBITRATION, THEN THE AMERICAN ARBITRATION
ASSOCIATION WILL SERVE. ALL ARBITRATION HEARINGS WILL BE COMMENCED WITHIN 90
DAYS OF THE DEMAND FOR ARBITRATION; FURTHER, THE ARBITRATOR SHALL ONLY, UPON A
SHOWING OF CAUSE, BE PERMITTED TO EXTEND THE COMMENCEMENT OF SUCH HEARING FOR UP
TO AN ADDITIONAL 60 DAYS.

         B.       RESERVATION OF RIGHTS. NOTHING IN THIS ARBITRATION PROVISION
SHALL BE DEEMED TO (I) LIMIT THE APPLICABILITY OF ANY OTHERWISE APPLICABLE
STATUTES OF LIMITATION OR REPOSE AND ANY WAIVERS CONTAINED IN THIS INSTRUMENT,
AGREEMENT OR DOCUMENT; OR (II) BE A WAIVER BY BANK OF THE PROTECTION AFFORDED TO
IT BY 12 U.S.C. SEC. 91 OR ANY SUBSTANTIALLY EQUIVALENT STATE LAW; OR (III)
LIMIT THE RIGHT OF BANK HERETO (A) TO EXERCISE SELF HELP REMEDIES SUCH AS (BUT
NOT LIMITED TO) SETOFF, OR (B) TO FORECLOSE AGAINST ANY REAL OR PERSONAL
PROPERTY COLLATERAL, OR (C) TO OBTAIN FROM A COURT PROVISIONAL OR ANCILLARY
REMEDIES SUCH AS (BUT NOT LIMITED TO) INJUNCTIVE RELIEF, WRIT OF POSSESSION OR
THE APPOINTMENT OF A RECEIVER. BANK MAY EXERCISE SUCH SELF HELP RIGHTS,
FORECLOSE UPON SUCH PROPERTY, OR OBTAIN SUCH PROVISIONAL OR ANCILLARY REMEDIES
BEFORE, DURING OR AFTER THE PENDENCY OF ANY ARBITRATION PROCEEDING BROUGHT
PURSUANT TO THIS INSTRUMENT, AGREEMENT OR DOCUMENT. NEITHER THIS EXERCISE OF
SELF HELP REMEDIES NOR THE INSTITUTION OR MAINTENANCE OF AN ACTION FOR
FORECLOSURE OR PROVISIONAL OR ANCILLARY REMEDIES SHALL CONSTITUTE A WAIVER OF
THE RIGHT OF ANY PARTY, INCLUDING THE CLAIMANT IN ANY SUCH ACTION, TO ARBITRATE
THE MERITS OF THE CONTROVERSY OR CLAIM OCCASIONING RESORT TO SUCH REMEDIES.

18.      CONTROLLING DOCUMENT. To the extent that this Guaranty conflicts with
or is in any way incompatible with any other Loan Document concerning this
Obligation, any promissory note shall control over any other document, and if
such promissory note does not address an issue, then each other document shall
control to the extent that it deals most specifically with an issue.

19.      EXECUTION UNDER SEAL. This Guaranty is being executed under seal by
Guarantor.

20.      NOTICE OF FINAL AGREEMENT. THIS WRITTEN GUARANTY REPRESENTS THE FINAL
AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

                                      -3-
<PAGE>   4

IN WITNESS WHEREOF, the undersigned has caused this Guaranty to be executed
under seal on this 26th day of October, 2000.

WITNESSED BY:                       GUARANTOR:

------------------------                                                (Seal)
                                    -----------------------------------

------------------------            -----------------------------------
Print Name and Title                       Print Individual's Name

                                    CORPORATE OR PARTNERSHIP GUARANTOR:

                                    QUICKSHIP, INC.

ATTEST:                             By: /s/ Billy D. Prim
                                       --------------------------------

                                    Name: Billy D. Prim
/s/ Mark Castaneda
Secretary                           Title: President and CEO

         [Corporate Seal]

ACKNOWLEDGMENT

State of North Carolina             )
                                    )
County of Forsyth                   )

This instrument was acknowledged before me on October 25, 2000, by Billy D. Prim
of QUICKSHIP, INC., a Delaware corporation, on behalf of said corporation.

                                  /s/ Elizabeth B. Keiger
(Seal)                            Notary Public
                                  in and for the State of North Carolina

Oct. 7, 2005                      Elizabeth B. Keiger
My Commission Expires             Print Name of Notary

                                      -4-

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