Document:

Exhibit 10.18

                                                                [EXECUTION COPY]

                               SECURITY AGREEMENT

       THIS  SECURITY  AGREEMENT is made and delivered as of the April 30, 2001,
by LEARNCOM, INC., an Illinois corporation, with its principal place of business
located at 714 Industrial Drive, Bensenville,  Illinois 60106; LEARNCOM, INC., a
Nevada  corporation,  with  its  principal  place  of  business  located  at 714
Industrial Drive,  Bensenville,  Illinois 60106;  VIDEOLEARNING SYSTEMS, INC., a
Pennsylvania  corporation,  with its principal place of business  located at 850
West Lancaster,  Bryn Mawr,  Pennsylvania  19010;  BNA  COMMUNICATIONS,  INC., a
Delaware  corporation,  with its  principal  place of  business  located  at 714
Industrial Drive, Bensenville, Illinois 60106; and TS ACQUISITIONS INC. with its
principal  place of  business  located  at 714  Industrial  Drive,  Bensenville,
Illinois  60106  (collectively  "Debtor"),  to and for the  benefit of  AMERICAN
NATIONAL BANK AND TRUST COMPANY OF CHICAGO, a national banking association, with
its principal place of business at 120 South LaSalle Street,  Chicago,  Illinois
60603 ("Secured Party").

                                R E C I T A L S:
                                ----------------

       A.     Debtor has  executed and  delivered to Secured  Party that certain
(i)  Revolving  Note of even  date  herewith  payable  to  Secured  Party in the
principal amount of $500,000.00 (said Revolving Note, and any and all extensions
and renewals  thereof,  amendments  thereto and  substitutions  or  replacements
therefor, is hereinafter referred to as the "Revolving Note") and (ii) Term Note
of even date  herewith  payable  to  Secured  Party in the  principal  amount of
$827,500.00  (said Term Note, and any and all  extensions and renewals  thereof,
amendments  thereto and substitutions or replacements  therefor,  is hereinafter
referred  to as the "Term  Note" and,  together  with the  Revolving  Note,  the
"Notes").

       B.     The Notes are  secured  by,  among  other  things,  collateral  as
described  in that certain  Loan and  Security  Agreement of even date  herewith
executed by Debtor and Secured Party (said Loan and Security  Agreement,  as the
same may be amended,  is hereinafter  referred to as the "Loan Agreement").  The
Note,  the  Loan  Agreement  and all  documents  and  instruments  delivered  in
connection   therewith  are  collectively   referred  to  herein  as  the  "Loan
Documents".

       C.     Secured Party requires as a condition  precedent to its making the
loans evidenced by the Notes  (collectively,  the "Loan") that Debtor enter into
this  Security  Agreement and Debtor wishes to grant to Secured Party a security
interest,  mortgage,  lien,  encumbrance  and charge  upon the  collateral  more
particularly hereinafter described.

       NOW, THEREFORE, for and in consideration of the making of the Loan and as
an  inducement to Secured  Party to do so, and for and in  consideration  of the
mutual promises,

<PAGE>

covenants and agreements  hereinafter set forth, Debtor and Secured Party hereby
agree as follows:

       1.     CREATION OF SECURITY  INTEREST.  Debtor,  and each of them, hereby
grants to Secured  Party a security  interest  in and does  hereby  collaterally
assign,  pledge,  mortgage,  convey and set over unto Secured Party the property
described as follows (hereinafter referred to collectively as the "Collateral"),
whether now owned or hereafter acquired:

              (a)    All  accounts,  Receivables  (as such  term is  hereinafter
defined),  contract rights,  general intangibles,  goodwill,  trademarks,  trade
names,  copyrights,  patent  rights,  chattel  paper,  instruments,   documents,
acceptances,  notes, drafts, inventory,  goods, securities,  deposits, cash, tax
refunds,  books,  records,  customer  and  supplier  lists,  ledgers,  invoices,
purchase and sales  orders,  data  processing,  computer and  telecommunications
systems,  including software systems incidental thereto,  insurance policies and
certificates,  guaranties, liens, and other personal property, and all proceeds,
products,  renewals,  substitutions,   replacements,  additions  and  accessions
thereto; and

              (b)    All  monies,  reserves,   deposits,  deposit  accounts  and
interest or dividends thereon,  securities, cash, and cash equivalents and other
property now or at any time or times  hereafter in the  possession  or under the
control of Secured Party or its bailee; and

              (c)    All machinery, equipment, apparatus, appliances, furniture,
furnishings, fixtures and supplies, whether now owned or hereafter acquired; and
all proceeds, products,  renewals,  substitutions,  replacements,  additions and
accessions thereto; and

              (d)    Any and  all  goodwill,  trademarks,  trade  names,  option
rights, books and records, and general intangibles of Debtor; and

              (e)    Any and all rights of Debtor under any  contracts  executed
by Debtor with any provider of goods or services for or in  connection  with any
construction  undertaken  on  or  services  performed  or  to  be  performed  in
connection with any property; and

              (f)    Any  and  all  additions  and  accessories  to  all  of the
foregoing and any and all proceeds, renewals,  replacements and substitutions of
all of the foregoing; and

              (g)    All other  Collateral  or  property  with  respect to which
Debtor has or may hereafter grant to Secured Party a lien or security  interest;
and

              (h)    Any  and  all  additions  and  accessories  to  all  of the
foregoing and any and all proceeds, renewals,  replacements and substitutions of
all of the foregoing.

                                      -2-
<PAGE>

       For purposes hereof, the term "Receivables" shall mean and include all of
Debtor's  present  and  future  rights to  payment  for  goods,  merchandise  or
inventory  sold  or  leased  or  for  services  rendered,   including,   without
limitation,  those which are not evidenced by instruments or chattel paper,  and
whether or not they have been earned by performance, whether or not the same are
listed on any schedules,  reports or assignments furnished to Secured Party from
time to time, or any letters of credit on which Debtor is named as  beneficiary,
contract rights, chattel paper, instruments,  documents, insurance proceeds, and
all such obligations  whatsoever owing to Debtor,  together with all instruments
and all documents of title representing any of the foregoing,  all rights in any
goods,  merchandise or Inventory which any of the same may represent, all rights
in any returned or repossessed goods,  merchandise and Inventory, and all right,
title, security and guaranties with respect to each of the foregoing, including,
without limitation,  any right of stoppage in transit,  replevin and reclamation
and all other rights and remedies of an unpaid  vendor or lienor,  and any liens
held by Debtor as a mechanic, contractor, subcontractor, processor, materialman,
machinist, manufacturer, artisan or otherwise.

       2.     DEBTOR'S OBLIGATIONS.

              (a)    PAYMENT OF  INDEBTEDNESS.  The  security  interest  created
herein is given as additional  security for: the payment to Secured Party of all
indebtedness  evidenced  by and  according  to the terms of the  Note,  the Loan
Agreement  and the other  Loan  Documents;  the  payment  of all sums  hereafter
loaned,  paid out, expended or advanced by Secured Party under the terms of this
Agreement or otherwise,  to or for the account of Debtor, together with interest
thereon;  all  extensions  or renewals of the Note,  the Loan  Agreement and the
other Loan Documents  evidencing sums hereafter  loaned,  paid out,  expended or
advanced by Secured Party,  its successors or assigns,  to or for the account of
Debtor;  the discharge and performance of all agreements and  obligations  under
the Note, the Loan Agreement and the other Loan Documents; (all of the foregoing
are hereinafter collectively called the "Indebtedness").

              (b)    PROTECTION  OF  COLLATERAL.  Debtor  shall take any and all
steps required in the judgment of Secured Party to protect the Collateral and in
pursuance thereof Debtor agrees that the Collateral:

                     (i)    Shall be kept at the principal  place of business of
Debtor and such other locations as shall have been expressly approved in writing
by Secured Party and shall be used only in the conduct in the ordinary course of
Debtor's business;

                     (ii)   Shall  not  be   misused,   wasted  or   allowed  to
deteriorate,  except for the ordinary wear and tear  resulting  from its use, as
aforesaid;

                     (iii)  Shall at all times be insured against loss,  damage,
theft and such other risks as Secured  Party may require in such  amounts,  with
such companies, with such deductibles, under such policies, in such form and for
such periods as shall be  satisfactory  to Secured  Party,  and each such policy
shall provide that the loss thereunder

                                      -3-
<PAGE>

and the proceeds  payable  thereunder  shall be payable to Secured  Party as its
interest may appear,  and Secured Party may apply any proceeds of such insurance
which may be received by Secured  Party  toward the payment of the  Indebtedness
whether due or not due, in such order as Secured Party may determine;

                     (iv)   Shall  not be used in  violation  of any  applicable
statute, law, rule, regulation or ordinance; and

                     (v)    May be examined and  inspected  by Secured  Party at
any time, wherever located.

              (c)    PROTECTION OF SECURITY INTEREST.  Debtor shall take any and
all steps  necessary to protect the priority of the  security  interest  granted
herein, and in pursuance of this obligation, Debtor agrees that:

                     (i)    Debtor shall not sell, transfer,  lease or otherwise
dispose  of any of the  Collateral  or any  interest  therein or offer to do so,
except in the ordinary  course of business of Debtor,  without the prior written
consent  of Secured  Party,  or permit  anything  to be done that may impair the
value of any of the  Collateral or the security  intended to be afforded by this
Agreement;

                     (ii)   Debtor  shall  pay  promptly  when due all taxes and
assessments upon the Collateral or for its use or operation and, if requested in
writing by Secured Party,  shall deliver to Secured Party,  within ten (10) days
after such request, a receipt or other evidence satisfactory to Secured Party of
the payment thereof;

                     (iii)  Debtor shall sign and execute  alone or with Secured
Party any financing statement or other document or procure any documents and pay
all  connected  costs,  expenses  and  fees,   including,   without  limitation,
attorneys' fees, necessary to protect the security interest under this Agreement
against the rights, interests or claims of third persons;

                     (iv)   Debtor shall reimburse  Secured Party for all costs,
expenses and fees,  including,  without  limitation,  court costs and reasonable
attorneys'  fees,  incurred  for any action  taken by Secured  Party to remedy a
default of Debtor under this Agreement;

                     (v)    Debtor shall (A) from time to time promptly  execute
and  deliver  to  Secured  Party  all  such  other  assignments,   certificates,
supplemental writings, and financing statements, and do all other acts or things
as Secured  Party may  request in order to more fully  evidence  and perfect the
security  interest  created herein;  (B) punctually and properly  perform all of
Debtor's  agreements and obligations  under this  Agreement,  the Note, the Loan
Agreement and the other Loan Documents and under any other  security  agreement,
mortgage,  deed of trust,  collateral pledge,  agreement or contract of any kind
now or hereafter  existing as security for and in connection with payment of the
Indebtedness,  or any part thereof;  (C) pay the Indebtedness in accordance with
the terms

                                      -4-
<PAGE>

thereof and in accordance with the terms of this  Agreement,  the Note, the Loan
Agreement  and the  other  Loan  Documents  or  other  writings  evidencing  the
Indebtedness,  or any part thereof;  (D) promptly furnish Secured Party with any
information  or  writings  which  Secured  Party  may  request   concerning  the
Collateral; (E) allow Secured Party to inspect all records of Debtor relating to
the Collateral,  the Indebtedness and the business and operation of Debtor,  and
to make and take away copies of such records;  (F) promptly notify Secured Party
of any change in any facts or  circumstances  warranted or represented by Debtor
in this  Security  Agreement  or in any  other  writing  furnished  by Debtor to
Secured  Party in  connection  with the  Collateral,  the  Indebtedness  and the
business and  operation  of Debtor;  (G) promptly  notify  Secured  Party of any
claim,  action or  proceeding  affecting  title to the  Collateral,  or any part
thereof, or the security interest created herein, and, at the request of Secured
Party, appear in and defend, at Debtor's sole cost and expense,  any such action
or proceeding;  and (H) promptly, after being requested by Secured Party, pay to
Secured  Party  the  amount  of all  expenses,  including,  without  limitation,
reasonable  attorneys' fees,  court costs and other legal expenses,  incurred by
Secured Party in enforcing the security interest created herein;

                     (vi)   Except for the  purchase or lease of  Collateral  in
the  ordinary  course of  Debtor's  business  and  financed  by  purchase  money
financing, Debtor shall not, without the prior written consent of Secured Party:
create any other security interest in, mortgage,  pledge, or otherwise  encumber
the Collateral,  or any part thereof, or permit the same to be or become subject
to any lien,  attachment,  execution,  sequestration,  other legal or  equitable
process, or any encumbrance of any kind or character;

                     (vii)  Should the  Collateral,  or any part thereof ever be
in any manner  converted by its issuer or maker into another type of property or
any money or other  proceeds  ever be paid or delivered to Debtor as a result of
Debtor's rights in the Collateral,  then, in any such event,  all such property,
money and  other  proceeds  shall  become  part of the  Collateral,  and  Debtor
covenants to forthwith  pay or deliver to Secured Party all of the same which is
susceptible  of  delivery  and,  at the same  time,  if Secured  Party  deems it
necessary and so requests, Debtor will properly endorse or assign the same. With
respect to any of such  property of a kind  requiring  any  additional  security
agreement,  financing  statement or other writing to perfect a security interest
therein in favor of Secured Party,  Debtor will forthwith execute and deliver to
Secured Party  whatever  Secured  Party shall deem  necessary or proper for such
purpose; and

                     (viii) In the  event  that  Debtor  fails  to  perform  any
covenant,  duty or agreement of Debtor to be  performed in  accordance  with its
terms hereunder,  Secured Party may, but shall never be obligated to, perform or
attempt to perform such covenant, duty or agreement on behalf of Debtor, and any
amount  expended by Secured Party in such  performance or attempted  performance
shall become a part of the  Indebtedness,  and, at the request of Secured Party,
Debtor agrees to pay such amount  promptly to Secured  Party at Secured  Party's
address set forth  opposite  its name  below,  or at such other place as Secured
Party may designate, together with interest thereon at the "Default

                                      -5-
<PAGE>

Interest  Rate" (as such  term is  defined  in the  Note)  from the date of such
expenditure by Secured Party until paid.

       3.     DEFAULT.  The occurrence of any one or more of the following shall
be an "Event of Default" for purposes of this Agreement:

              (a)    NON-PAYMENT  OF  INDEBTEDNESS:   The  failure,  neglect  or
refusal  of  Debtor  to  pay  any  part  of the  principal  or  interest  on the
indebtedness  evidenced by the Note, or any part thereof,  or any other sums due
pursuant to the terms of the Note, the Loan Agreement or any other Loan Document
when due; or

              (b)    UNTRUE    REPRESENTATIONS    AND    WARRANTIES:    If   any
representation or warranty made by Debtor in this Agreement,  the Note, the Loan
Agreement or any other Loan Document or in any certificate,  statement,  notice,
demand or request made or delivered by Debtor  pursuant to or in connection with
this  Agreement,  the Note,  the Loan Agreement or any other Loan Document shall
prove to be untrue or incorrect  in any material  respect on the date when made;
or

              (c)    NON-PERFORMANCE OF OBLIGATIONS:  If any default shall occur
in the due and  punctual  performance  of or  compliance  with any of the terms,
covenants, conditions or agreements contained herein (other than as described in
the preceding clauses (a) through (b) of this Section 3); or

              (d)    ASSIGNMENT  FOR BENEFIT OF  CREDITORS:  The execution of an
assignment for the benefit of creditors by Debtor; or

              (e)    PROCESS AGAINST THE COLLATERAL:  The levy of any execution,
attachment,  sequestration  or other writ  against  the  Collateral  or any part
thereof not dismissed within sixty (60) days after such levy; or

              (f)    DEFAULT UNDER LOAN  DOCUMENTS:  The occurrence of any Event
of Default under any of the Loan Documents.

       4.     CONSEQUENCES OF DEFAULT.  Upon the occurrence of any such Event of
Default,  or at any time  thereafter  while such Event of Default  continues  to
exist, Secured Party may, at its option, declare all Indebtedness secured hereby
to be  immediately  due and payable to Secured Party without demand or notice of
any kind whatsoever,  and such Indebtedness  thereupon shall immediately  become
due and  payable  to  Secured  Party  without  demand or  notice,  but with such
adjustments,  if any,  with  respect  to  interest  or other  charges  as may be
provided for herein or in the Note, the Loan Agreement, the other Loan Documents
or any other written agreements between Debtor and Secured Party.

       5.     SECURED  PARTY'S  RIGHTS AND  REMEDIES.  Secured  Party shall have
available to it the following rights and remedies:

                                      -6-
<PAGE>

              (a)    RIGHT TO ASSIGN.  Secured Party may assign this  Agreement,
and if Secured Party does assign this Agreement,  the assignee shall be entitled
to the  performance  of all of Debtor's  agreements and  obligations  under this
Agreement,  and the assignee shall be entitled to all the rights and remedies of
Secured Party under this  Agreement,  and Debtor  expressly  agrees that it will
assert no claims or  defenses  it may have  against  Secured  Party  against the
assignee except those available to it in this Agreement.

              (b)    RIGHT TO DISCHARGE DEBTOR'S OBLIGATIONS. Secured Party may,
at  its  option,   discharge  taxes,   liens  or  security  interests  or  other
encumbrances at any time levied or placed on the Collateral,  may remedy or cure
any default of Debtor  under the terms of any lease,  rental  agreement or other
document  which in any way pertains to or affects  Debtor's title to or interest
in any of the Collateral,  may pay for insurance on the Collateral,  and may pay
for the  maintenance and  preservation  of the Collateral,  and Debtor agrees to
reimburse Secured Party, on demand, for any payment made or any expense incurred
by Secured Party,  including,  without limitation,  attorneys' fees, pursuant to
the foregoing authorization, together with interest at the Default Interest Rate
from the date so paid or incurred by Secured Party, which payments, expenses and
interest  shall be secured  by the  security  intended  to be  afforded  by this
Agreement and/or by the Loan Agreement and the other Loan Documents.

              (c)    RIGHT OF  ENFORCEMENT.  Secured  Party  shall  have and may
exercise any and all rights of enforcement  and remedies before or after default
afforded to a Secured  Party under the Uniform  Commercial  Code in force in the
State of Illinois  (the  "Uniform  Commercial  Code")  together with any and all
other rights and remedies  otherwise  provided and available to Secured Party at
law or in  equity  as of the  date of this  Agreement  or the  date of  Debtor's
default;  and, in conjunction  with, in addition to, or  substitution  for those
rights and remedies, at Secured Party's discretion, Secured Party may:

                     (i)    To the extent  permitted by law, enter upon Debtor's
premises to take possession of, assemble and collect the Collateral or to render
it or any portion of the Collateral unusable; and/or

                     (ii)   Remedy any default in any reasonable manner, without
waiving its rights and remedies upon default and without waiving any other prior
or subsequent default.

              (d)    RIGHT OF SALE.

                     (i)    Debtor  agrees that should it fail to make  payments
as provided in the Note, the Loan Agreement or the other Loan Documents, or if a
default  be made on any  obligation  or promise  of Debtor  contained  herein or
hereby secured or contained in or secured by the Note, the Loan Agreement or the
other Loan Documents,  then Secured Party may, at its option, sell or dispose of
the  Collateral  at  public or  private  sale  without  any  previous  demand of
performance or notice to Debtor of any such sale whatsoever, except

                                      -7-
<PAGE>

as provided  under the Uniform  Commercial  Code,  and from the proceeds of sale
retain:  (A) all costs and  charges  incurred  by  Secured  Party in taking  and
causing the removal and sale of said property, including such attorneys' fees as
shall have been incurred by Secured Party;  and (B) all sums due pursuant to the
Note, the Loan Agreement,  the other Loan Documents and this Agreement,  and all
accrued interest thereon.  Any surplus of such proceeds  remaining shall be paid
to Debtor.

                     (ii)   At any sale or sales made pursuant to this Agreement
or in a suit to  foreclose  the  same,  the  Collateral  may be sold in masse or
separately, at the same or at different times, at the option of Secured Party or
its assigns.  Such sale may be public or private, with notice as required by the
Uniform  Commercial  Code, and the Collateral need not be present at the time or
place of sale. At any such sale,  Secured Party or the holder of the Note hereby
secured may bid for and purchase any of the property sold,  notwithstanding that
such sale is conducted by Secured Party or its  attorneys,  agents,  or assigns,
and no  irregularity  in the manner of sale or of giving notice shall operate to
preclude Secured Party from recovering the Indebtedness.

                     (iii)  If  any  notification  of  intended  sale  or  other
disposition  of the Collateral or any part thereof is required under the Uniform
Commercial  Code or other law,  such  notification,  if mailed,  shall be deemed
reasonably  and properly given if mailed to Debtor at least ten (10) days before
such sale or disposition.

              (e)    MISCELLANEOUS.  Secured  Party  shall have the right at all
times to enforce the provisions of this Agreement in strict  accordance with the
terms hereof, notwithstanding any conduct or custom on the part of Secured Party
in refraining  from so doing at any time or times.  The failure of Secured Party
at any time or times to enforce  its rights  under said  provisions  strictly in
accordance with the same shall not be construed or operate as a waiver of any of
the rights and remedies  granted  Secured Party hereunder or as having created a
custom  in any  way or  manner  contrary  to the  specific  provisions  of  this
Agreement or as having in any way or manner  modified  the same.  All rights and
remedies of Secured Party are cumulative and concurrent, and the exercise of one
right or remedy by Secured  Party shall not be deemed a waiver or release of any
other right or remedy. Except as otherwise  specifically required herein, notice
of the exercise of any right,  remedy or power  granted to Secured Party by this
Agreement is not required to be given.

       6.     REPRESENTATIONS  AND  WARRANTIES.  Debtor  represents and warrants
that:

              (a)    Debtor has authority to execute and deliver this Agreement;

              (b)    other than in favor of Secured Party or as expressly agreed
in the Loan Agreement,  no financing  statement covering the Collateral,  or any
part thereof, has been filed with any filing officer;

                                      -8-
<PAGE>

              (c)    other than in favor of Secured Party or as expressly agreed
in the Loan Agreement,  no other security agreement covering the Collateral,  or
any part  thereof,  has been made and no security  interest,  other than the one
herein created,  has attached or been perfected in the Collateral or in any part
thereof;

              (d)    no  dispute,  right of  set-off,  counterclaim  or defenses
exist with respect to any part of the Collateral;

              (e)    all  information   supplied  and  statements  made  in  any
financial or credit statement or application for credit heretofore  delivered to
Secured  Party by or on behalf of Debtor or any  guarantor  of the Note prior to
the execution of this Agreement are true and correct in all material respects as
of the date hereof; and

              (f)    at the  time  Secured  Party's  security  interest  created
herein  and/or by virtue of any of the other Loan  Documents  attaches to any of
the  Collateral or its proceeds,  Debtor will be the lawful owner with the right
to transfer any interest therein,  and Debtor will make such further  assurances
so as to prove title to the  Collateral  in Debtor as may be  required  and will
defend the Collateral and its proceeds  against the lawful claims and demands of
all persons whomsoever.

       The  delivery  at any time by Debtor to Secured  Party of the  Collateral
shall  constitute a  representation  and warranty by Debtor under this Agreement
that, with respect to such Collateral, and each item thereof, Debtor is owner of
the  Collateral  and the matters  heretofore  represented  and warranted in this
Paragraph 6 are true,  complete and correct.  Further Debtor,  at the request of
Secured  Party,  agrees  to  amend  this  Agreement  and any  and all  financing
statements  filed in  connection  therewith  for the purpose of setting forth in
said Agreement and said financing statements an accurate and itemized list, when
known,  of the Collateral now generally  described  herein and in said financing
statements  and to include in said accurate and itemized list an  identification
of  the  Collateral  by  make,  model,   serial  number  and  other  appropriate
descriptive data.

       7.     SUBROGATION. If the Indebtedness, or any part thereof, be given in
renewal or extension,  or applied toward the payment of indebtedness  secured by
mortgage,  pledge,  security agreement or other lien, Secured Party shall be and
is hereby subrogated to all of the rights, titles,  security interests and other
liens securing the indebtedness so renewed, extended or paid.

       8.     MUTUAL  AGREEMENTS.  Debtor and Secured  Party  mutually  agree as
follows:

              (a)    "Debtor"  and  "Secured  Party"  as used  in this  Security
Agreement include the successors and permitted assigns of those parties.

              (b)    This  Agreement  includes all  amendments  and  supplements
thereto  and all  assignments  thereof.  This  Agreement  shall not be  amended,
modified or

                                      -9-
<PAGE>

supplemented  without the written  agreement of Debtor and Secured  Party at the
time of such amendment, modification or supplement.

              (c)    It is expressly  intended,  understood and agreed that this
Agreement,  the Note,  the Loan  Agreement and the other Loan Documents are made
and  entered  into for the sole  protection  and  benefit of  Secured  Party and
Debtor, and their respective  successors and assigns (but in the case of assigns
of  Debtor,  only to the extent  permitted  hereunder),  and no other  person or
persons shall have any right of action  hereunder or rights to the Loan proceeds
at any time;  that the Loan  proceeds  do not  constitute  a trust  fund for the
benefit of any third party; that no third party shall under any circumstances be
entitled to any equitable lien on any undisbursed Loan proceeds at any time; and
that Secured Party shall have a lien upon and right to direct application of any
undisbursed Loan proceeds as additional  security for this Agreement,  the Note,
the Loan  Agreement  and the other  Loan  Documents.  The  relationship  between
Secured  Party and Debtor is solely that of a lender and  borrower,  and nothing
contained herein, or in the Note, the Loan Agreement or the other Loan Documents
shall in any manner be construed as making the parties  hereto  partners,  joint
venturers or creating any other relationship other than lender and borrower.

              (d)    This  Agreement  shall be construed in accordance  with and
governed by the laws of the State of Illinois  without  regard to  principles of
conflict of laws.  All  provisions of this  Agreement  shall be deemed valid and
enforceable to the extent  permitted by law. Any provision or provisions of this
Agreement which are held unenforceable, invalid or contrary to law by a court of
competent  jurisdiction,  or the inclusion of which would affect the validity or
enforceability  of this Agreement,  shall be of no force or effect,  and in such
event each and all of the remaining  provisions of this Agreement  shall subsist
and remain and be fully  effective  according to the tenor of this  Agreement as
though such invalid,  unenforceable or unlawful  provision or provisions had not
been included in this Agreement.

              (e)    To the extent  permitted by law,  Debtor  hereby waives any
and all rights to require marshalling of assets by Secured Party.

              (f)    Any and all notices given in connection with this Agreement
shall  be  deemed  adequately  given  only  if in  writing  and  (i)  personally
delivered; or (ii) sent by a nationally-recognized overnight courier service; or
(iii) sent by certified  United States mail,  postage  prepaid,  return  receipt
requested, to the party or parties for whom such notices are intended. A written
notice shall be deemed  received (i) when delivered in person;  (ii) on the next
business day immediately  following the day sent by overnight courier; and (iii)
on the third (3rd)  business day  following  the day sent by  certified  mail. A
written notice shall also be deemed received on (i) the date delivery shall have
been refused at the address required by this Agreement;  or (ii) with respect to
notices sent by United States mail but not  delivered,  the date as of which the
postal  service  shall have  indicated  such notice to be  undeliverable  at the
address  required by this  Agreement.  Any and all  notices  referred to in this
Agreement  or which any party  desires to give to another  shall be addressed as
follows:

                                      -10-
<PAGE>

     As to Secured Party:               American National Bank and Trust
                                        Company of Chicago
                                        120 South LaSalle Street
                                        Chicago, Illinois 60603
                                        Attention: David W. De Witt

     with a copy to:                    Harris Kessler & Goldstein LLC
                                        640 North LaSalle Street
                                        Suite 590
                                        Chicago, Illinois 60610
                                        Attention: Drew Scott, Esq.

     As to Debtor:                      c/o LearnCom, Inc.
                                        714 Industrial Drive
                                        Bensenville, Illinois 60106
                                        Attention: Lloyd Singer

     with a copy to:                    Shefsky & Froelich Ltd.
                                        444 North Michigan Avenue
                                        Chicago, Illinois 60611
                                        Attention: James Asmussen

or in such other manner or to such other address,  as such party shall designate
in a written notice to the other party hereto.

              (g)    Debtor hereby agrees that no liability shall be asserted or
enforced  by Debtor  against  Secured  Party in its  exercise  of the powers and
rights herein  granted,  all such liability  being hereby  expressly  waived and
released by Debtor.  Debtor hereby agrees to indemnify,  defend and hold Secured
Party harmless from and against any and all liability,  expense,  cost or damage
which may be incurred by, asserted  against or imposed upon Secured Party at any
time  which  relate to or arise from the use,  operation  or lease of any of the
Collateral  or the  exercise  by Secured  Party of the powers and rights  herein
granted.

              (h)    This Agreement shall inure to the benefit of Secured Party,
its  successors  and assigns and shall be binding upon Debtor and its successors
and permitted assigns.

                            [SIGNATURE PAGE FOLLOWS]

                                      -11-
<PAGE>

       IN WITNESS  WHEREOF,  Debtor has executed  this  Agreement as of the date
first above written.

                                         LEARNCOM, INC., an Illinois corporation

                                         By: /s/ Lloyd W. Singer
                                            ------------------------------------
                                            Lloyd W. Singer, President and CEO

                                         LEARNCOM, INC., a Nevada corporation

                                         By: /s/ Lloyd W. Singer
                                            ------------------------------------
                                            Lloyd W. Singer, President and CEO

                                         VIDEOLEARNING SYSTEMS, INC., a
                                         Pennsylvania corporation

                                         By: /s/ Homer H. Hewitt
                                            ------------------------------------
                                            Homer H. Hewitt, President and CEO

                                         BNA COMMUNICATIONS, INC.,
                                         a Delaware corporation

                                         By: /s/ Lloyd W. Singer
                                            ------------------------------------
                                            Lloyd W. Singer, President and CEO

                                         TS ACQUISITIONS, INC.,

                                         By: /s/ Lloyd W. Singer
                                            ------------------------------------
                                            Lloyd W. Singer, President and CEO

                                      -12-Exhibit 10.19

$827,500.00                                                    Chicago, Illinois
                                                                  April 30, 2001

                                    TERM NOTE

     THIS TERM NOTE (this "Note"),  made in Chicago,  Illinois,  as of April 30,
2001,  for EIGHT HUNDRED  TWENTY-SEVEN  THOUSAND FIVE HUNDRED AND NO/100 DOLLARS
($827,500.00), with interest as provided herein.

     1.   (a)  This Note is made by LEARNCOM, INC., an Illinois corporation with
its principal place of business  located at 714 Industrial  Drive,  Bensenville,
Illinois 60106; LEARNCOM, INC., a Nevada corporation with its principal place of
business  located  at  714  Industrial  Drive,   Bensenville,   Illinois  60106;
VIDEOLEARNING SYSTEMS, INC., a Pennsylvania corporation with its principal place
of business located at 850 West Lancaster,  Bryn Mawr,  Pennsylvania  19010; BNA
COMMUNICATIONS INC., a Delaware corporation with its principal place of business
located  at  714  Industrial   Drive,   Bensenville,   Illinois  60106;  and  TS
ACQUISITIONS,  INC.  with  its  principal  place  of  business  located  at  714
Industrial Drive,  Bensenville,  Illinois 60106 (referred to herein collectively
as the,  "Maker"),  and AMERICAN  NATIONAL BANK AND TRUST COMPANY OF CHICAGO,  a
national banking association,  with its principal place of business at 120 South
LaSalle Street,  Chicago,  Illinois 60603 ("Lender").  Lender and any subsequent
holder from time to time of this Note is  sometimes  hereinafter  referred to as
"Payee."  The  amount  disbursed  by  Lender  to  Maker,  repayment  of which is
evidenced by this Note, is sometimes hereinafter referred to as the "Loan."

          (b)  Maker hereby  promises to pay to the order of Payee the principal
sum of EIGHT  HUNDRED  TWENTY-SEVEN  THOUSAND  FIVE  HUNDRED AND NO/100  DOLLARS
($827,500.00),  in lawful  money of the  United  States of  America,  and to pay
interest on the balance of principal outstanding and unpaid hereon from the date
hereof  until the maturity  hereof  (whether by lapse of time,  acceleration  or
otherwise)  at the rate  per  annum  equal to the  "Prime  Rate"  of  Lender  as
announced  by  Lender  from  time to  time  in  effect  hereunder  PLUS  one and
twenty-five  one  hundredths of one percent  (1.25%) and, after the (i) the Term
Loan Maturity Date or (ii) occurrence of an Event of Default hereunder, the rate
per annum from time to time in effect under the terms hereof PLUS three  percent
(3%) (the "Default  Interest  Rate") on a floating  basis,  computed and payable
monthly in arrears on the basis of actual days  elapsed and a three  hundred and
sixty (360) day year.

          (c)  Installments  of  interest  shall  be  paid  monthly  in  arrears
commencing  the last  Business Day of the  calendar  month during which the loan
evidenced  hereby is made and continuing  thereafter on the last Business Day of
each successive calendar month. Borrower shall make a one-time principal payment
on the Term Note of not less than One Hundred  Thousand  and  No/100ths  Dollars
($100,000.00)  on or before July 29,  2001.  Installments  of  principal  in the
amount of Fifteen  Thousand and No/100  Dollars  ($15,000.00),  plus interest as
aforesaid on the outstanding principal amount of the Term

<PAGE>

Note,  shall be paid monthly in arrears  commencing  on the last Business Day of
the calendar month during which the loan evidenced hereby is made and continuing
thereafter on the last Business Day of each successive calendar month thereafter
through and including March 31, 2002 (the "Term Maturity Date").  Borrower shall
make a  final  payment  of all  accrued,  unpaid  interest,  together  with  the
outstanding  principal  balance of the  indebtedness  evidenced  hereby,  on the
Maturity Date.

          (d)  This Note is issued  pursuant to the terms of a Loan and Security
Agreement  of even  date  herewith  executed  by Maker  and  Lender  (the  "Loan
Agreement"), and is secured by, among other things, (i) the Loan Agreement; (ii)
that  certain  Security  Agreement of even date  herewith  executed by Maker and
Lender (said  Security  Agreement,  as the same may be amended,  is  hereinafter
referred to as the "Security  Agreement");  and (iii) the Other  Agreements  (as
defined in the Loan Agreement)  (collectively,  such  agreements,  documents and
instruments   may  be  hereinafter   collectively   referred  to  as  the  "Loan
Documents").  All of  the  agreements,  conditions,  covenants,  provisions  and
stipulations contained in the Loan Documents are hereby made a part of this Note
to the same  extent and with the same force and effect as if they were fully set
forth herein and Maker  covenants  and agrees to keep and perform them, or cause
them to be kept and performed, strictly in accordance with their terms.

          (e)  Interest on all payments on account of the indebtedness evidenced
by this Note shall first be applied to late charges and costs and fees  incurred
by Payee in enforcing its rights hereunder or under the Loan Documents,  next to
interest on the unpaid principal  balance  hereunder and the remainder to reduce
the unpaid principal balance hereunder.

          (f)  Interest  shall be computed on the basis of a three hundred sixty
(360) day year consisting of twelve (12) thirty (30) day months.

          (g)  From and after the (i) Term Loan Maturity date or (ii) occurrence
of an Event of Default (as such term is hereinafter defined) hereunder, any sums
remaining unpaid  hereunder shall bear interest at the "Default  Interest Rate."
The  "Default  Interest  Rate"  shall mean three  percent  (3%) in excess of the
interest rate per annum otherwise applicable  hereunder.  Default interest shall
be computed on the basis of a three hundred  sixty (360) day year  consisting of
twelve (12) months.

          (h)  If any  installment of principal or interest due hereunder  shall
become overdue for five (5) days after the date when due, the undersigned  shall
pay to the holder hereof on demand a "late charge" of five cents ($.05) for each
dollar so overdue in order to defray part of the  increased  cost of  collection
occasioned by any such late payment, as liquidated damages and not as a penalty.

          (i)  Payment of all  amounts  due under this Note shall be made at the
office of Lender, 120 South LaSalle Street, Chicago,  Illinois 60603, or at such
other place as Payee may from time to time designate in writing.

                                       2
<PAGE>

          (j)  Notwithstanding  any  provisions  of  this  Note  or of the  Loan
Documents to the contrary,  it is the intent of Maker and Payee that Payee shall
never be entitled to receive,  collect or apply, as interest on principal of the
indebtedness,  any amount in excess of the maximum rate of interest permitted to
be  charged  by  applicable  law;  and if  under  any  circumstance  whatsoever,
fulfillment  of any  provision  of this Note,  at the time  performance  of such
provision  shall be due,  shall  involve  transcending  the  limit  of  validity
prescribed by applicable law, then,  IPSO FACTO,  the obligation to be fulfilled
shall be  reduced  to the limit of such  validity;  and in the event  Payee ever
receives,  collects or applies as interest  any such  excess,  such amount which
would be excess  interest  shall be deemed a  permitted  partial  prepayment  of
principal  without penalty or premium and treated  hereunder as such; and if the
principal of the  indebtedness  secured  hereby is paid in full,  any  remaining
excess funds shall  forthwith be paid to Maker.  In  determining  whether or not
interest of any kind payable hereunder or under any specific contingency exceeds
the highest lawful rate,  Maker and Payee shall, to the maximum extent permitted
under applicable law, (i) characterize any non-principal  payment as an expense,
fee or premium rather than as interest and (ii) amortize,  prorate, allocate and
spread throughout the remaining term hereof such payment so that the interest on
account of such  indebtedness  does not exceed the maximum  amount  permitted by
applicable law. Payee shall not be subject to any penalties provided by any laws
for  contracting  for,  charging or receiving  interest in excess of the maximum
lawful rate.

     2.   Maker may prepay the Loan, in whole but not in part,  upon thirty (30)
days prior written notice.

     3.   (a)  In the event (i)  default  is made in the  payment of any part of
the  principal or interest due pursuant to this Note as the same becomes due and
payable,  or of any sums advanced pursuant to the terms of the Loan Agreement or
any of the other Loan  Documents;  or (ii) default is made in the performance or
observance of any covenant, agreement, term or condition contained in this Note;
or  (iii)  there  shall be a  default  or an Event  of  Default  under  the Loan
Agreement  or any of the other  Loan  Documents,  then in the case of any of the
defaults set forth above (an "Event of  Default"),  Payee shall have the option,
without demand or notice, to declare the unpaid principal of this Note, together
with all accrued interest,  if any, and other sums secured by the Loan Agreement
or any of the  other  Loan  Documents,  at once due and  payable  to the  extent
permitted  by law, to  foreclose  all liens or security  interests  securing the
payment of the Note,  and to  exercise  any and all other  rights  and  remedies
available  at law or in equity or under the Loan  Agree ment or any of the other
Loan Documents.

          (b)  The remedies of Payee as provided herein or in the Loan Documents
shall be cumulative and concurrent, and may be pursued singularly,  successively
or together,  at the sole discretion of Payee,  and may be exercised as often as
occasion  therefor  shall  arise.  No act of  omission or  commission  of Payee,
including  specifically  any failure to exercise any right,  remedy or recourse,
shall be deemed to be a waiver or release of the same, such waiver or release to
be effected only through a written  document  executed by Payee and then only to
the extent specifically recited therein. A waiver or

                                       3
<PAGE>

release with reference to any one event shall not be construed as continuing, as
a bar to, or as a waiver or release of, any subsequent right, remedy or recourse
as to a subsequent event.

     4.   If any Event of Default under this Note shall occur, Maker promises to
pay all costs of collection of every kind,  including,  without limitation,  all
appraisal costs,  reasonable attorneys' fees, court costs, and expenses of every
kind incurred by Payee in connection  with such  collection or the protection or
enforcement  of any or all of the  security  for this  Note,  whether or not any
lawsuit is filed with respect thereto.

     5.   Maker represents,  covenants, agrees and warrants that all proceeds of
the Loan  evidenced by this Note will be used for the purposes  specified in 815
ILCS  205/4(1)(c),  and that  the  indebtedness  secured  hereby  constitutes  a
business loan which comes within the purview of 815 ILCS 205/4(1)(c).

     6.   Except as  otherwise  expressly  provided  herein or in the other Loan
Documents,  each maker, surety and endorser hereon waives grace, notice,  notice
of intent to accelerate,  notice of default,  protest,  demand,  presentment for
payment and diligence in the  collection of this Note, and in the filing of suit
hereon,  and  agrees  that  its  liability  and  the  liability  of  its  heirs,
beneficiaries,  successors  and  assigns  for the  payment  hereof  shall not be
affected  or  impaired  by any  release  or  change  in the  security  or by any
increase, modification, renewal or extension of the indebtedness or its mode and
time of payment.  It is specifically  agreed by the undersigned that Payee shall
have the right at all times to decline to make any such release or change in any
security  given to secure  the  payment  hereof  and to decline to make any such
increase, modification, renewal or extension of the indebtedness or its mode and
time of payment.

     7.   Maker  expressly and  unconditionally  waives,  in connection with any
suit,  action or proceeding  brought by Lender on this Note, any and every right
it may have to (i) injunctive relief,  (ii) interpose any counterclaim  therein,
and (iii) have the same  consolidated with any other or separate suit, action or
proceeding.

          MAKER WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR  PROCEEDING
TO ENFORCE OR DEFEND ANY RIGHTS (1) UNDER THIS NOTE OR ANY RELATED  AGREEMENT OR
UNDER ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN
THE FUTURE BE DELIVERED IN  CONNECTION  HEREWITH OR (2) ARISING FROM ANY BANKING
RELATIONSHIP  EXISTING IN  CONNECTION  WITH THIS NOTE,  AND AGREES THAT ANY SUCH
ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY.

     8.   Any and all notices given in connection with this Note shall be deemed
adequately given only if in writing and (i) personally  delivered;  or (ii) sent
by a  nationally-  recognized  overnight  courier  service;  or  (iii)  sent  by
certified United States mail, postage prepaid,  return receipt requested, to the
party or parties for whom such notices are

                                       4
<PAGE>

intended.  A written  notice  shall be deemed  received  (i) when  delivered  in
person;  (ii) on the next  business day  immediately  following  the day sent by
overnight  courier;  and (iii) on the third (3rd) business day following the day
sent by certified  mail. A written  notice shall also be deemed  received on (i)
the date delivery shall have been refused at the address  required by this Note;
or (ii) with  respect to notices sent by United  States mail but not  delivered,
the date as of which the postal  service shall have  indicated such notice to be
undeliverable at the address required by this Note. Any and all notices referred
to in this Note or which any party desires to give to another shall be addressed
as follows:

     As to Maker:                       c/o LearnCom, Inc.
                                        714 Industrial Drive
                                        Bensenville, Illinois 60106
                                        Attention: Lloyd Singer

     with a courtesy copy to:           Shefsky & Froelich Ltd.
                                        444 North Michigan Avenue
                                        Chicago, Illinois 606011
                                        Attention: James Asmussen

     As to Lender:                      American National Bank and Trust
                                        Company of Chicago
                                        120 South LaSalle Street
                                        Chicago, Illinois 60603
                                        Attention: David W. De Witt

     with a courtesy copy to:           Harris Kessler & Goldstein LLC
                                        640 North LaSalle Street
                                        Suite 590
                                        Chicago, Illinois 60610
                                        Attention: Drew J. Scott, Esq.

or in such other manner or to such other address,  as such party shall designate
in a written notice to the other party hereto.

     9.   If any  provision of this Note or any  payments  pursuant to the terms
hereof shall be invalid or  unenforceable  to any extent,  the remainder of this
Note and any other payments hereunder shall not be affected thereby and shall be
enforceable to the greatest extent permitted by law.

     10.  Maker hereby  consents to Payee's  grant of  participations  in or the
sale,  assignment,  transfer or other disposition,  at any time and from time to
time  hereafter,  of this Note or any of the  other  Loan  Documents,  or of any
portion of any thereof, including,  without limitation,  Payee's rights, titles,
interest,  remedies,  powers and/or  duties.  Payee may furnish any  information
concerning  Maker in the  possession  of Payee from time to time to assignees of
the rights and/or obligations of Payee hereunder and to participants

                                       5
<PAGE>

in  any   disbursement  of  the  Loan  (including   prospective   assignees  and
participants)  and may furnish  information  in  responses  to credit  inquiries
consistent with general banking practice. This Note and the other Loan Documents
shall,  unless  otherwise  expressly  provided  therein,  be deemed to have been
negotiated  and entered  into in, and shall be governed and  controlled  by, the
laws of the  State of  Illinois  as to  interpretation,  enforcement,  validity,
construction,  effect,  choice  of law,  and in all other  respects,  including,
without  limitation,  the legality of the interest rate and other  charges,  but
excluding  perfection of security interest and liens which shall be governed and
controlled by the laws of the relevant jurisdiction.

     11.  At any time, and from time to time, upon request of Payee,  Maker will
make, execute and deliver, or will cause to be made,  executed or delivered,  to
Payee or to Payee's  designee,  and when requested by Payee,  cause to be filed,
recorded,  refiled, or rerecorded, as the case may be, at such times and in such
offices and places as Payee may deem  appropriate,  any and all  instruments  of
further assurance,  certificates and other documents as may, in the sole opinion
of Payee, be necessary or desirable in order to effectuate,  complete,  perfect,
continue,  or  preserve  the  obligations  of Maker  under this  Note,  the Loan
Agreement and the other Loan Documents.

     12.  If Maker fails to do any of the things  referred to herein,  Payee may
do so for and in the name of Maker and at Maker's  expense.  For such  purposes,
Maker hereby  irrevocably  appoints  Payee as Maker's  attorney-in-fact  for the
purpose of making, executing, delivering, filing, recording, and doing all other
things as may be necessary or desirable,  in Payee's sole opinion, to accomplish
the matters  referred to herein.  The power of attorney  given herein is a power
coupled  with an interest  and shall be  irrevocable  so long as any part of the
obligations of Maker to Payee remains unpaid or unperformed.

     13.  (a)  All payments  under this Note shall be payable in lawful money of
the United  States which shall be legal  tender for public and private  debts at
the time of payment;  provided that a check will be deemed sufficient payment so
long as it clears when  presented  for  payment.  Each  payment of  principal or
interest under this Note shall be paid not later than 2:00 P.M.  Chicago time on
the date due therefor and funds received after that hour shall be deemed to have
been  received  by Payee on the  following  day.  Except as  otherwise  provided
herein, all payments (whether of principal, interest or other amounts) which are
applied  at any time by  Payee to  indebtedness  evidenced  by this  Note may be
allocated  by  Payee  to  principal,  interest  or other  amounts  as Payee  may
determine in Payee's sole discretion.

          (b)  This Note has been made and  delivered  at Chicago,  Illinois and
all funds disbursed to or for the benefit of Maker will be disbursed in Chicago,
Illinois.

                                       6
<PAGE>

          (c)  The obligations and liabilities under this Note of Maker shall be
joint  and  several  and  binding  upon and  enforceable  against  Maker and its
successors  and  assigns.  This Note  shall  inure to the  benefit of and may be
enforced by Lender, its successors and assigns.

                            [SIGNATURE PAGE FOLLOWS]

                                       7
<PAGE>

     IN WITNESS WHEREOF, Maker has executed this Note as of the date first above
written.

                                         LEARNCOM, INC., an Illinois corporation

                                         By: /s/ Lloyd W. Singer
                                            ------------------------------------
                                            Lloyd W. Singer, President and CEO

                                         LEARNCOM, INC., a Nevada corporation

                                         By: /s/ Lloyd W. Singer
                                            ------------------------------------
                                            Lloyd W. Singer, President and CEO

                                         VIDEOLEARNING SYSTEMS, INC., a
                                           Pennsylvania corporation

                                         By: /s/ Homer H. Hewitt
                                            ------------------------------------
                                            Homer H. Hewitt, President and CEO

                                         BNA COMMUNICATIONS, INC.,
                                           a Delaware corporation

                                         By: /s/ Lloyd W. Singer
                                            ------------------------------------
                                            Lloyd W. Singer, President and CEO

                                         TS ACQUISITIONS, INC.,

                                         By: /s/ Lloyd W. Singer
                                            ------------------------------------
                                            Lloyd W. Singer, President and CEO

                                       8

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