Document:

<PAGE>   1
                                                                     EXHIBIT 4.4

                                FACE OF SECURITY

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY. TRANSFERS OF THIS GLOBAL
SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF
CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR'S NOMINEE AND TRANSFERS
OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN
ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN SECTION 306 OF THE INDENTURE.

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT AND ANY SUCH
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

                                      -1-
<PAGE>   2

                             REPUBLIC SERVICES, INC.

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

                               6.75% NOTE DUE 2011

                                                             CUSIP NO. 760759AC4

R-2                                                          $50,000,000

                  Republic Services, Inc., a Delaware corporation (herein called
the "Company," which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Cede &
Co. or its registered assigns, the principal sum of fifty million ($50,000,000)
United States dollars on August 15, 2011, at the office or agency of the Company
referred to below, and to pay interest thereon from August 15, 2001, or from the
most recent Interest Payment Date to which interest has been paid or duly
provided for, semiannually on February 15 and August 15 in each year, commencing
February 15, 2002 at the rate of 6.75% per annum, in United States dollars,
until the principal hereof is paid or duly provided for. Interest shall be
computed on the basis of a 360-day year comprised of twelve 30-day months. The
principal amount of the Securities which may be issued is unlimited. The Company
may issue additional senior notes of the same class and series as this Security
in one or more tranches from time to time without notice to or the consent of
the existing holders of the Securities. These additional senior notes are
referred to in this Security as the "Additional Securities" and all references
to the Securities in this Security or in the Indenture shall include the
Additional Securities. The Additional Securities shall vote as a class with all
other Securities as to matters as to which such Securities have a vote.

                  The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in such Indenture, be paid
to the Person in whose name this Security is registered at the close of business
on the Regular Record Date for such interest, which shall be the February 1 or
August 1 (whether or not a Business Day), as the case may be, next preceding
such Interest Payment Date. Any such interest not so punctually paid, or duly
provided for, and interest on such defaulted interest at the interest rate borne
by the Securities, to the extent lawful, shall forthwith cease to be payable to
the Holder on such Regular Record Date, and may either be paid to the Person in
whose name this Security (or any Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such defaulted
interest to be fixed by the Trustee, notice thereof shall be given to Holders of
Securities not less than 10 days prior to such Special Record Date, or be paid
at any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities may be listed, and upon such
notice as may be required by such exchange, all as more fully provided in this
Indenture.

                                      -2-
<PAGE>   3

                  Payment of the principal of, premium, if any, and interest on,
this Security, and exchange or transfer of this Security, will be made at the
office or agency of the Company in The City of New York maintained for such
purpose (which initially will be a corporate trust office of the Trustee or its
affiliate located at 101 Barclay Street, Floor 21W, New York, NY 10286), or at
such other office or agency as may be maintained for such purpose, in such coin
or currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts; PROVIDED, HOWEVER, that payment
of interest may be made at the option of the Company by check mailed to the
address of the Person entitled thereto as such address shall appear on the
Security Register.

                  Reference is hereby made to the further provisions of this
Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place.

                                      -3-
<PAGE>   4

                  Unless the certificate of authentication hereon has been duly
executed by the Trustee referred to on the reverse hereof or by the
authenticating agent appointed as provided in the Indenture by manual signature
of an authorized signer, this Security shall not be entitled to any benefit
under the Indenture, or be valid or obligatory for any purpose.

                  IN WITNESS WHEREOF, the Company has caused this instrument to
be duly executed by the manual or facsimile signature of its authorized
officers.

                                       REPUBLIC SERVICES, INC.

                                       By: /s/ Edward A. Lang III
                                          -------------------------------------
                                             Name: Edward A. Lang III
                                             Title: Vice President, Finance and
                                                      Treasurer

                                      -4-
<PAGE>   5

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

                  This is one of the 6.75% Notes due August 15, 2011 referred to
in the within-mentioned Indenture.

                                         THE BANK OF NEW YORK, as Trustee

                                         By: /s/ Paul Schmalzel
                                             ---------------------------------
                                             Authorized Signatory

Dated:  August 15, 2001

                                      -5-
<PAGE>   6

                            REVERSE SIDE OF SECURITY

                             REPUBLIC SERVICES, INC.

                               6.75% Note due 2011

                  This Security is one of a duly authorized issue of Securities
of the Company designated as its 6.75% Notes due 2011 (herein called the
"Securities"), limited (except as otherwise provided in the Indenture referred
to below) in aggregate principal amount to $50,000,000, issued under and subject
to the terms of an indenture (herein called the "Indenture") dated as of August
15, 2001, between the Company and The Bank of New York, as trustee (herein
called the "Trustee," which term includes any successor trustee under the
Indenture), as supplemented by a First Supplemental Indenture, dated as of
August 15, 2001, to which Indenture and all indentures supplemental thereto
reference is hereby made for a statement of the respective rights, limitations
of rights, duties, obligations and immunities thereunder of the Company, the
Trustee and the Holders of the Securities, and of the terms upon which the
Securities are, and are to be, authenticated and delivered.

                  The Securities may be redeemed at any time, at the option of
the Company, in whole or in part, at any time and from time to time, upon not
less than 30 and not more than 60 days' notice to the Holders thereof as
provided in the Indenture, at a Redemption Price equal to the greater of (1)
100% of the principal amount of the Securities to be redeemed and (2) the sum of
the present values of the remaining scheduled payments of principal and interest
thereon discounted to the Redemption Date on a semiannual basis (assuming a
360-day year consisting of twelve 30-day months) at the applicable Treasury
Rate, plus 20 basis points, plus, in each case, accrued interest to the
Redemption Date (subject to the right of holders of record of such Securities on
relevant record dates to receive interest due on an interest payment date), if
any.

                  If less than all of the Securities are to be redeemed, the
Trustee shall select, not more than 60 nor less than 30 days before the
Redemption Date, the Securities or portions thereof to be redeemed on a pro rata
basis, by lot or by any other method the Trustee shall deem fair and
appropriate.

                  In the case of any redemption of Securities in accordance with
the Indenture, interest installments whose Stated Maturity is on or prior to the
Redemption Date will be payable to the Holders of such Securities of record as
of the close of business on the relevant Regular Record Date or Special Record
Date referred to on the face hereof. Securities (or portions thereof) for whose
redemption and payment provision is made in accordance with the Indenture shall
cease to bear interest from and after the Redemption Date.

                                      -6-
<PAGE>   7

                  In the event of redemption or repurchase of this Security in
accordance with the Indenture in part only, a new Security or Securities for the
unredeemed portion hereof shall be issued in the name of the Holder hereof upon
the cancellation hereof.

                  If an Event of Default shall occur and be continuing, the
principal amount of all the Securities may be declared due and payable in the
manner and with the effect provided in the Indenture.

                  The Indenture contains provisions for defeasance at any time
of (a) the entire Indebtedness on the Securities and (b) certain covenants and
Defaults and Events of Default, in each case upon compliance with certain
conditions set forth therein.

                  The Indenture permits, with certain exceptions (including
certain amendments permitted without the consent of any Holders and certain
amendments which required the consent of all of the Holders) as therein
provided, the amendment thereof and the modification of the rights and
obligations of the Company and the rights of the Holders under the Indenture and
the Securities at any time by the Company and the Trustee with the consent of
the Holders of at least a majority in aggregate principal amount of the
Securities of all series at the time Outstanding that are affected (voting as
one class). The Indenture also contains provisions permitting the Holders of at
least a majority in aggregate principal amount of the Securities (100% of the
Holders in certain circumstances) of all series at the time Outstanding that are
affected (voting as one class), on behalf of the Holders of all the Securities
of such affected series, to waive compliance by the Company with certain
provisions of the Indenture and the Securities of such series and certain past
Defaults and Events of Default under the Indenture and the Securities and their
consequences. Any such consent or waiver by or on behalf of the Holder of this
Security shall be conclusive and binding upon such Holder and upon all future
Holders of this Security and of any Security issued upon the registration of
transfer hereof or in exchange herefor or in lieu hereof whether or not notation
of such consent or waiver is made upon this Security.

                  No reference herein to the Indenture and no provision of this
Security or of the Indenture shall alter or impair the obligation of the Company
or any other obligor on the Securities (in the event such other obligor is
obligated to make payments in respect of the Securities), which is absolute and
unconditional, to pay the principal of, and premium, if any, and interest on,
this Security at the times, place, and rate, and in the coin or currency, herein
prescribed.

                  As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Security is registrable in
the Security Register, upon surrender of this Security for registration of
transfer at the office or agency of the Company in the Borough of Manhattan, The
City of New York, duly endorsed by, or accompanied by a written instrument of
transfer in form satisfactory to the Company and the Security Registrar duly

                                      -7-
<PAGE>   8

executed by, the Holder hereof or its attorney duly authorized in writing, and
thereupon one or more new Securities, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or
transferees.

                  The Securities in certificated form are issuable only in
registered form without coupons in denominations of $1,000 and any integral
multiple thereof. As provided in the Indenture and subject to certain
limitations therein set forth, the Securities are exchangeable for a like
aggregate principal amount of Securities of a differing authorized denomination,
as requested by the Holder surrendering the same.

                  Except as indicated in the Indenture, no service charge shall
be made for any registration of transfer or exchange of Securities, but the
Company may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.

                  Prior to due presentment of this Security for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner
hereof for all purposes, whether or not this Security is overdue, and neither
the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

                  THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE TO CONFLICT
OF LAWS PRINCIPLES THEREOF.

                  All terms used in this Security which are defined in the
Indenture and not otherwise defined herein shall have the meanings assigned to
them in the Indenture.

                                      -8-<PAGE>   1
                                                                    EXHIBIT 10.1

                            THIRTEENTH AMENDMENT AND
                              FORBEARANCE AGREEMENT

         THIS THIRTEENTH AMENDMENT AND FORBEARANCE AGREEMENT (this "Agreement")
is made and entered into as of the 15th day of August, 2001, by and among the
Lenders (as defined below) party hereto (the "Approving Lenders"), BANK OF
AMERICA, N.A., formerly NATIONSBANK, N.A., as agent for the Lenders (the
"Agent"), KELLSTROM INDUSTRIES, INC. ("Kellstrom"), and certain Subsidiaries of
Kellstrom (together with Kellstrom, the "Borrowers").

                              W I T N E S S E T H :
                               - - - - - - - - - -

         WHEREAS, the Agent, the financial institutions from time to time party
thereto (the "Lenders"), Banc of America Securities LLC, formerly NationsBanc
Montgomery Securities LLC, as Syndication Agent, and the Borrowers entered into
that certain Amended and Restated Loan and Security Agreement, dated as of
December 14, 1998 (as amended, the "Loan Agreement"), pursuant to which the
Lenders agreed to extend certain financial accommodations to the Borrowers; and

         WHEREAS, pursuant to the Loan Agreement, the Borrowers agreed, among
other things, to comply with certain financial covenants; and

         WHEREAS, the Borrowers have violated and continue to violate certain of
the financial covenants set forth in the Loan Agreement; and

         WHEREAS, the financial covenants described above were material
inducements to the Agent's and Lenders' agreement to enter into the Loan
Agreement, and the Agent and Lenders would not have agreed to make loans
available to the Borrowers without the assurance that the Borrowers would comply
with such covenants; and

         WHEREAS, as a result of such material defaults, the Agent and Lenders
have the right, as set forth in the Loan Agreement and the other Loan Documents,
to immediately accelerate all of the Secured Obligations and exercise all of
their rights and remedies with respect to the Collateral, all without notice to
the Borrowers; and

<PAGE>   2

         WHEREAS, the Borrowers have asked the Agent and Lenders to temporarily
forbear from exercising certain of their rights and remedies with respect to the
continuing defaults described above; and

         WHEREAS, the Agent and Lenders are willing to grant such temporary
forbearance, subject to the terms and conditions set forth herein.

         NOW, THEREFORE, in consideration of the foregoing premises, and other
good and valuable consideration, the receipt and legal sufficiency of which is
hereby acknowledged, the parties hereto hereby agree as follows:

         1. All capitalized terms used herein and not otherwise expressly
defined herein shall have the respective meanings given to such terms in the
Loan Agreement.

         2. The Borrowers acknowledge that they are in default under SECTIONS
11.1(A), (B), (C) and (D) of the Loan Agreement for the Borrowers' fiscal
quarter ending June 30, 2001 (the "Specified Defaults"), and that the Agent and
Lenders have not waived nor agreed to waive such Specified Defaults. The
Borrowers acknowledge that, because of the Specified Defaults, the Agent and
Lenders have the right, among other things, to declare all of the Secured
Obligations to be immediately due, payable and performable, and to enforce
collection of the Secured Obligations by repossessing and disposing of any
interest in the Collateral thereunder.

         3. In consideration of the Borrowers' timely and strict compliance with
the agreements set forth in the Loan Agreement, and in reliance upon the
representations, warranties, agreements and covenants of the Borrowers set forth
herein, the Agent and Lenders agree to forbear until October 15, 2001 (the
"Forbearance Termination Date") from exercising their rights and remedies under
the Loan Agreement and the related Loan Documents as a result of the Specified
Defaults; provided, however, that (a) upon written notice from the Agent to
Kellstrom at any time to such effect, at the discretion of the Required Lenders,
the Forbearance Termination Date shall be amended to October 1, 2001, and (b)
the Agent and the Lenders reserve their right, at any time before or after the
Forbearance Termination Date, to (i) institute one or more payment blockages or
to invoke one or more "standstill" periods with respect to any Subordinated
Indebtedness, and to exercise any other rights against the holders of any
Subordinated Indebtedness, and (ii) draw upon the AVS Investor Letters of
Credit. The Agent and the Lenders reserve their rights and remedies at all times
with respect to any Default or Event of Default under the Loan Agreement, any
other Loan Document or this Agreement other than the Specified Defaults, whether
presently existing or occurring hereafter. At any time on or after the
Forbearance Termination Date, the Agent and the Lenders may exercise any of
their rights and remedies under or with respect to the Loan Agreement, the
related Loan Documents or this Agreement, whether relating to the Specified
Defaults or otherwise.

         4. The Borrowers acknowledge and agree that, as of the date hereof, a
$25,000 reserve (the "Collateral Reserve") shall be instituted against the
Borrowing Base, and such Collateral Reserve shall increase by $25,000 on each
Business Day following the date hereof until the Forbearance Termination Date.
The Agent may, and at the discretion of the Required Lenders, shall, increase

                                       2
<PAGE>   3

such Collateral Reserve in the event the Borrowers fail to timely deliver any
cash flow forecast as required by SECTION 10.1(F) of the Loan Agreement.

         5. The Loan Agreement is amended by inserting a new SECTION 8.12(I) as
follows:

                  (i) The Borrowers shall deliver to the Agent and to each
         Lender not later than the 15th day of each calendar month a list of all
         Receivables which are (i) in excess of $75,000 and (ii) in excess of
         ninety days past due, such list to set forth the name, address and
         balance due for each Account Debtor obligated on a Receivable so listed
         and the status of each Receivable so listed.

         6. The Loan Agreement is amended by deleting SECTION 8.12(D) and
replacing it with the following in lieu thereof:

                  (d) BORROWING BASE CERTIFICATE. The Borrowers shall deliver to
         the Agent and to each Lender, by the third Business Day of each week, a
         Borrowing Base Certificate prepared as of the close of business on the
         last Business Day of the immediately preceding week.

         7. The Loan Agreement is amended by adding the following as SECTION
10.1(F):

                  (f) CASH FLOW FORECAST. Not later than August 16, 2001, a
         twelve week cash flow forecast for the Borrowers and their Consolidated
         Subsidiaries. The Borrowers shall also furnish to the Agent on the 1st
         and 15th day of each month, commencing September 1, 2001, a revised
         rolling twelve week cash flow forecast, including a reconciliation and
         update to the previous cash flow forecast. Each such cash flow forecast
         shall be in a form reasonably acceptable to the Agent and the Required
         Lenders. Should the Borrowers fail to deliver to the Agent a cash flow
         forecast within two Business Days after the required date, in addition
         to the remedies set forth in SECTION 12.2, the Agent, in its sole
         discretion may, and at the direction of the Required Lenders, shall,
         establish a $1,500,000 reserve against the Borrowing Base, such reserve
         to be released upon the delivery of such cash flow forecast.

         8. The Loan Agreement is amended by deleting SCHEDULE 6.1(V) and
SCHEDULE 6.1(EE) and replacing such Schedules with new SCHEDULES 6.1(V) and (EE)
in the form attached hereto. Without limiting any other obligation or
eligibility standard under the Loan Agreement or any other Loan Document, no
Inventory (or any Receivables arising therefrom) shall be included in the
Borrowing Base unless the Security Interest with respect thereto is perfected
(or, with respect to foreign Inventory and Receivables, the Security Interest is
perfected to the extent the Agent determines that such perfection is
commercially reasonable).

         9. The Borrowers acknowledge and agree that they shall have no right to
(a) request a Eurodollar Rate Loan as set forth in SECTION 2.2(A)(II) of the
Loan Agreement, or (b) continue or convert a Loan into a Eurodollar Rate Loan as

                                       3
<PAGE>   4

set forth in SECTION 4.13 of the Loan Agreement, until such time as the Agent
and the Required Lenders otherwise agree in writing.

         10. The Borrowers acknowledge and agree that, notwithstanding the
Agent's and Lenders' agreement to forbear set forth in SECTION 3 above, due to
the Specified Defaults, the Loans and other Secured Obligations shall bear
interest as set forth in SECTION 4.1(D) of the Loan Agreement unless and until
the Agent and the Required Lenders elect, in their sole discretion, to waive all
such Specified Defaults, with any such waiver to be in writing.

         11. The Borrowers agree not to terminate the services of Phoenix
Management Services without the prior written consent of the Agent and the
Required Lenders (it being understood that the Borrowers may replace Phoenix
Management Services with another similar consultant reasonably acceptable to the
Agent and the Required Lenders with the prior written approval of the Agent and
the Required Lenders). The Borrowers also acknowledge and agree that they shall
be responsible for all costs and expenses of an additional consultant should the
Agent and the Lenders elect to hire such a consultant in connection with the
transactions evidenced by the Loan Agreement. Any violation of the terms and
conditions of this paragraph by the Borrowers shall constitute an Event of
Default.

         12. The Borrowers acknowledge and agree that (a) the Agent may hire
local counsel in various foreign countries in which Collateral is located in
order to take such actions as the Agent may deem necessary or appropriate to
perfect its Security Interest in such Collateral and/or establish the Agent's
Security Interest therein as a first-priority Security Interest, (b) the
Borrowers shall be responsible for the payment of all reasonable fees and
expenses incurred in connection therewith, and (c) based on the advice of such
local counsel, the Agent may, in its discretion, remove any Collateral from the
Borrowing Base to the extent the Security Interest with respect thereto is not a
perfected, first-priority Security Interest. Any failure by the Borrowers to pay
any such reasonable fees and/or expenses following demand by the Agent therefor
shall constitute an Event of Default.

         13. As consideration for the accommodations set forth herein, the
Borrowers agree to provide the Agent and Lenders a business plan, in form
acceptable to the Agent in its sole discretion, no later than August 16, 2001.
Such plan shall be in a form, and contain such detail, as may be reasonably
acceptable to the Agent and the Required Lenders. Any failure by the Borrowers
to deliver such a plan by August 16, 2001 shall constitute an Event of Default.

         14. To induce the Agent and Approving Lenders to enter into this
Agreement and grant the accommodations set forth herein, the Borrowers hereby
represent and warrant that, as of the date hereof, except for the Specified
Defaults, there exists no Default or Event of Default.

         15. The Borrowers hereby restate, ratify, and reaffirm each and every
term, condition, representation and warranty heretofore made by them under or in
connection with the execution and delivery of the Loan Agreement and the other

                                       4
<PAGE>   5

Loan Documents, as fully as though such representations and warranties had been
made on the date hereof and with specific reference to this Agreement, except to
the extent that any such representation or warranty relates solely to a prior
date.

         16. Except as expressly set forth herein, the Loan Agreement and the
other Loan Documents shall be and remain in full force and effect as originally
written, and shall constitute the legal, valid, binding and enforceable
obligations of the Borrowers to the Agent and Lenders.

         17. The Borrowers agree to pay on demand all costs and expenses of the
Agent in connection with the preparation, execution, delivery and enforcement of
this Agreement and all other Loan Documents and any other transactions
contemplated hereby, including, without limitation, the fees and out-of-pocket
expenses of legal counsel to the Agent.

         18. The Borrowers acknowledge that (a) except as expressly set forth
herein, neither the Agent nor any Lender has agreed to (and has no obligation
whatsoever to discuss, negotiate or agree to) any other restructuring,
modification, amendment, waiver or forbearance with respect to the Secured
Obligations, the Loan Agreement or any other Loan Document, (b) no understanding
with respect to any other restructuring, modification, amendment, waiver or
forbearance with respect to the Secured Obligations, the Loan Agreement or any
other Loan Document shall constitute a legally binding agreement or contract, or
have any force or effect whatsoever, unless and until reduced to writing and
signed by authorized representatives of each party hereto, and (c) the execution
and delivery of this Agreement has not established any course of dealing between
the parties hereto or created any obligation or agreement of the Agent or any
Lender with respect to any future restructuring, modification, amendment, waiver
or forbearance with respect to the Secured Obligations, the Loan Agreement or
any other Loan Document.

         19. To induce the Agent and Approving Lenders to enter into this
Agreement and grant the accommodations set forth herein, the Borrowers (a)
acknowledge and agree that no right of offset, defense, counterclaim, claim or
objection exists in favor of the Borrowers against the Agent or any Lender
arising out of or with respect to the Loan Agreement, the other Loan Documents,
the Secured Obligations, or any other arrangement or relationship between the
Agent, the Lenders and the Borrowers, and (b) release, acquit, remise and
forever discharge the Agent, the Lenders, and each of the Agent's and Lenders'
affiliates and all of their past, present and future officers, directors,
employees, agents, attorneys, representatives, successors and assigns from any
and all claims, demands, actions and causes of action, whether at law or in
equity, whether now accrued or hereafter maturing, and whether known or unknown,
which the Borrowers now or hereafter may have by reason of any manner, cause or
things to and including the date of this Agreement with respect to matters
arising out of or with respect to the Loan Agreement, the other Loan Documents,
the Secured Obligations, or any other arrangement or relationship between the
Agent, the Lenders and the Borrowers.

         20. The Borrowers agree to take such further action as the Agent and
Approving Lenders shall reasonably request in connection herewith to evidence
the agreements herein contained.

                                       5
<PAGE>   6

         21. This Agreement may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which, when so
executed and delivered, shall be deemed to be an original and all of which
counterparts, taken together, shall constitute but one and the same instrument.

         22. This Agreement shall be binding upon and inure to the benefit of
the successors and permitted assigns, and legal representatives and heirs, of
the parties hereto.

         23. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Georgia.

                                       6
<PAGE>   7

         IN WITNESS WHEREOF, the below referenced parties have caused this
Agreement to be duly executed as of the date first above written.

                          BORROWERS:

                          Kellstrom Industries, Inc.

                          By:
                             --------------------------------------------------
                          Name:
                               ------------------------------------------------
                          Title:
                                -----------------------------------------------

                          Kellstrom Commercial Aircraft, Inc.

                          By:
                             --------------------------------------------------
                          Name:
                               ------------------------------------------------
                          Title:
                                -----------------------------------------------

                          KELLSTROM SOLAIR, INC.

                          By:
                             --------------------------------------------------
                          Name:
                               ------------------------------------------------
                          Title:
                                -----------------------------------------------

                          CERTIFIED AIRCRAFT PARTS, INC.

                          By:
                             --------------------------------------------------
                          Name:
                               ------------------------------------------------
                          Title:
                                -----------------------------------------------

                          AIRCRAFT 21801, INC.

                          By:
                             --------------------------------------------------
                          Name:
                               ------------------------------------------------
                          Title:
                                -----------------------------------------------

                                       7
<PAGE>   8
                                AIRCRAFT 21805, INC.

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                AGENT:

                                BANK OF AMERICA, N.A., formerly
                                NationsBank, N.A., as Agent

                                By:
                                   --------------------------------------------
                                     Robert J. Walker
                                     Senior Vice President

                                APPROVING LENDERS:

                                BANK OF AMERICA, N.A., formerly
                                NationsBank, N.A.

                                By:
                                   --------------------------------------------
                                     Robert J. Walker
                                     Senior Vice President

                                UNION PLANTERS BANK, N.A.

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                BANK LEUMI LE-ISRAEL B.M., Miami Agency

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                       8
<PAGE>   9

                                IBJ WHITEHALL FINANCIAL GROUP

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                COMERICA BANK

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                MICHIGAN NATIONAL BANK, as successor in
                                interest to MELLON BANK, N.A.

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                FIRST UNION NATIONAL BANK

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                THE CIT GROUP/BUSINESS CREDIT, INC.

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                GENERAL ELECTRIC CAPITAL CORPORATION

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                       9
<PAGE>   10

                                NATIONAL BANK OF CANADA, a Canadian chartered
                                bank

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                BANKATLANTIC, a Federal Savings Bank

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                NATIONAL CITY COMMERCIAL FINANCE, INC.

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                PNC BANK, N.A.

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                SOUTHTRUST BANK

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                       10
<PAGE>   11

                                SUNTRUST BANK, ATLANTA

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

                                By:
                                   --------------------------------------------
                                Name:
                                     ------------------------------------------
                                Title:
                                      -----------------------------------------

CONSENTED AND AGREED TO:

KEY PRINCIPAL PARTNERS, L.L.C.

By:
   ------------------------------------
Name:
     ----------------------------------
Title:
      ---------------------------------

                                       11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00029-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00029-of-00352.parquet"}]]