Document:

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                          EMPLOYMENT AGREEMENT

     This agreement ("Agreement") has been entered into as of this 31st
day of December, 1999, by and between Unified Financial Services, Inc.,
a Delaware corporation ("Unified"), and David F. Morris, an individual
("Executive").

                                RECITALS

     The Executive, various members of the Board of Directors of
Unified (the "Board"), and various senior executives of Unified
negotiated the terms of Executive's employment and this Agreement over a
period of five months.  Executive has and is representing Unified on
significant portions of its legal matters other than the negotiation,
drafting and execution of this Agreement.  Unified acknowledges that it
is aware of Executive's representation of himself in connection with
this Agreement, and it is aware that Executive has not represented
Unified in connection with this Agreement.  Unified acknowledges that
the Executive encouraged Unified to consult with legal counsel in
connection with this Agreement, and Unified represents that it has done
so.

     The Executive has represented Unified for a number of years, and
both the Board and Unified's senior executives are very familiar with
the Executive's talents.  Unified offered the terms in this Agreement in
order to entice Executive to accept employment with Unified, which
acceptance will require that Executive resign his current legal
position.  Unified and Executive acknowledge that Executive's acceptance
of the terms of this Agreement and resignation from his current legal
position will result in a disposition of Executive's current law
practice.  Unified acknowledges that Executive has been in a large and
respected law firm, has advanced rapidly while there, and has achieved a
substantial amount of economic and employment security, with the
expectation of being elected a partner of such firm.  Unified
acknowledges that Executive would not have accepted employment with
Unified and surrendered his current legal position but for the
protections and enticements provided in this Agreement, including
certain mandatory salary increases and certain payments upon termination
or a Change in Control (as defined below).  Executive acknowledges that
the protections and enticements provided in this Agreement, including
certain mandatory salary increases, certain payments upon termination or
a Change of Control and certain stock benefits, are adequate, acceptable
and sufficient for Executive to resign from his current position and
accept the position and terms and conditions provided herein.

     The Executive Committee of the Board of Directors of Unified (the
"Committee") desires to provide for the employment of the Executive on
the terms hereof, and the Executive is willing to commit himself to
serve Unified.  The Executive Committee has determined that it is in
the best interests of Unified and its stockholders to reinforce and
encourage the attention and dedication of the Executive to Unified as a
member of Unified's management and to assure that Unified will have the
continuing dedication of the Executive, notwithstanding the possibility,
threat or occurrence of a Change in Control of Unified.  Additionally,
the Executive Committee believes it is imperative to encourage the
Executive's attention and dedication to Unified currently and in the
event of any threatened or pending Change in Control, and to provide the
Executive with compensation and benefits arrangements upon certain
breaches of this Agreement by Unified or upon a termination of
employment after a Change in Control, which ensure that the compensation
and benefits expectations of the Executive will be satisfied.  Because
of the Executive's high position at Unified and his access to
information pertaining to the business of Unified (as conducted by its
affiliates), Unified believes it is imperative that the Executive
neither compete against Unified and any of its affiliates or
subsidiaries nor share certain confidential information of either during
the Executive's employment and for the three-year period thereafter, as
provided below.  Therefore, in exchange for the mutual promises and
covenants set forth herein, and in order to accomplish these objectives,
the Committee has caused Unified to enter into this Agreement.

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                        IT IS AGREED AS FOLLOWS:

SECTION 1:  DEFINITIONS AND CONSTRUCTION.

     1.1  DEFINITIONS.  For purposes of this Agreement, the following
words and phrases, whether or not capitalized, shall have the meanings
specified below, unless the context plainly requires a different
meaning.  Terms not set forth in this Section 1.1 but defined elsewhere
in this Agreement shall for all purposes of this Agreement have such
defined meaning, whether or not capitalized, unless the context plainly
requires a different result.

          1.1(a)  "BOARD" means the Board of Directors of Unified.

          1.1(b)  "CHANGE IN CONTROL" means a change in control of
     Unified of a nature that would be required to be reported in
     response to Item 6(e) of Schedule 14A of Regulation 14A
     promulgated under the Exchange Act; provided that, for purposes of
     this Agreement, a Change in Control shall be deemed to have
     occurred if: (i) any Person (other than Unified or any wholly
     owned subsidiary of Unified) is or becomes the "beneficial owner"
     (as defined in Rule 13d-3 under the Exchange Act), directly or
     indirectly, of securities of Unified that represent 20% or more of
     the combined voting power of Unified's then outstanding
     securities; (ii) during any period of two (2) consecutive years
     beginning on or after March 1, 2000, individuals who at the
     beginning of such period constitute the Board cease for any reason
     to constitute at least a majority thereof, unless the election, or
     the nomination for election, by Unified's stockholders, of each
     new director is approved by a vote of at least two-thirds (2/3) of
     the directors then still in office who were directors at the
     beginning of the period, but excluding any individual whose
     initial assumption of office occurs as a result of either an
     actual or threatened election contest (as such term is used in
     Rule 14a-11 of Regulation 14A promulgated under the Exchange Act)
     or other actual or threatened solicitation of proxies or consents
     by or on behalf of a Person other than the Board; (iii) there is
     consummated any consolidation or merger of Unified in which
     Unified is not the continuing or surviving corporation or pursuant
     to which shares of Unified's Common Stock are converted into cash,
     securities or other property, other than a merger of Unified in
     which the holders of Unified's Common Stock immediately prior to
     the merger have the same proportionate ownership of common stock
     of the surviving corporation immediately after the merger; (iv)
     there is consummated any consolidation or merger of Unified in
     which Unified is the continuing or surviving corporation in which
     the holders of Unified's Common Stock immediately prior to the
     merger do not own fifty percent (50%) or more of the stock of the
     surviving corporation immediately after the merger; (v) there is
     consummated any sale, lease, exchange or other transfer (in one
     transaction or a series of transactions) of all or substantially
     all of the assets of Unified (provided, however, that for purposes
     of this subsection (v) any sale lease, exchange or other transfer
     between subsidiaries that are directly or indirectly wholly owned
     by Unified shall not be deemed a Change of Control); (vi) Timothy
     L. Ashburn ceases to serve as the Chairman of the Board or as the
     Chief Executive Officer of Unified; or (vii) the stockholders of
     Unified approve any plan or proposal for the liquidation or
     dissolution of Unified.

          1.1(c)  "CHANGE IN CONTROL DATE" shall mean the date of the
     Change in Control.

          1.1(d)  "CODE" shall mean the Internal Revenue Code of
1986, as amended, including all regulations proposed or promulgated
thereunder, and administrative interpretations and judicial precedents
relating thereto.  All citations to the Code shall include any
amendments or any substitute or successor provisions thereto.

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          1.1(e)  "COMMON STOCK" shall mean the common stock, $0.01
     par value, of Unified.

          1.1(f)  "CUSTOMER" shall mean any Person from which or from
     dealings with which any member of the Unified Group is earning or
     has earned revenue in the ordinary course of its business.
     Dealings shall include, for example and without limitation,
     distribution arrangements, revenue or income sharing arrangements,
     commission arrangements and any other arrangement or contract.

          1.1(g)  "EFFECTIVE DATE" shall mean January 1, 2000.

          1.1(h)  "EMPLOYMENT PERIOD" shall mean the period that
     begins on the Effective Date and ends on the earlier of: (i)
     twelve (12) months after the date on which Unified shall have
     delivered to Executive written notice (in accordance with the
     provisions of Section 9.3 hereof) of termination of the Employment
     Period, which notice shall not be delivered prior to the fourth
     anniversary of the Effective Date (and the parties agree that the
     term described in this clause (i) shall be for a period of not
     less than sixty (60) months); or (ii) the Date of Employment
     Termination (as defined in Section 3.6 hereof).

          1.1(i)  "EXCHANGE ACT" means the Securities Exchange Act of
     1934, as amended.  All citations to the Exchange Act shall include
     any amendments or any substitute or successor provisions thereto.

          1.1(j)  "EXPECTED EMPLOYMENT PERIOD" shall mean the period
     of time beginning on the Effective Date and ending on the date
     described in Section 1.1(h)(i).  If no written notice terminating
     the Employment Period (as required in Section 1.1(h)(i)) shall
     have been delivered to Executive on or before the Date of
     Employment Termination (as defined in Section 3.6 hereof) or such
     notice is delivered prior to the fourth anniversary of the
     Effective Date, then for all purposes of this Agreement such
     notice shall be deemed to have been delivered on the later of such
     Date of Employment Termination and the fourth anniversary of the
     Effective Date.  For example and without limitation: (i) if
     Unified were to terminate the Executive without Cause (as defined
     in Section 3.3 hereof) at the end of the eighteenth (18th) month
     of the Employment Period, the Expected Employment Period for
     purposes of Section 4.1 would end on the fifth (5th) anniversary
     of the Effective Date; (ii) if Unified were to terminate the
     Executive without Cause on the fourth (4th) anniversary of the
     Effective Date and no written notice of termination of the
     Employment Period had previously been delivered, such notice would
     be deemed delivered on such fourth (4th) anniversary, and the
     Expected Employment Period for purposes of Section 4.1 would end
     on the fifth (5th) anniversary of the Effective Date; and (iii) if
     Unified were to deliver written notice of termination of the
     Employment Period on the fourth (4th) anniversary of the Effective
     Date, and thereafter Executive's employment is terminated by
     Unified or Executive (whether without Cause, for Good Reason or
     otherwise), the Expected Employment Period for purposes of Section
     4.1 would end on the fifth (5th) anniversary of the Effective
     Date.

          1.1(k)  "FAIR MARKET VALUE" means, for any particular date,
     (i) for any period during which Common Stock shall be listed for
     trading on a national securities exchange, the closing price per
     share of Common Stock on such exchange as of the close of such
     trading day; (ii) for any period during which Common Stock shall
     not be listed for trading on a national securities exchange, but
     when Common Stock is authorized as a Nasdaq National Market
     security, the last transaction price per share as quoted by The
     Nasdaq Stock Market (the "Nasdaq"); (iii) for any period during
     which Common Stock shall not be listed for trading on a national
     securities exchange or authorized as a Nasdaq National Market
     security, but when Common Stock shall be authorized as a Nasdaq
     SmallCap Market security, the closing bid price as reported by the
     Nasdaq; (iv) for any period during which the Common Stock shall be
     listed for trading on an electronic communications network (an
     "ECN"), an alternative trading system

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     (an "ATS") and/or on-line order matching system or auction system,
     the closing bid price as reported by such ECN, ATS and/or on-line
     order matching system or auction system; or (v) the market price
     per share of Common Stock as determined by an investment banking
     firm or certified public accountant selected by the Board in the
     event neither (i), (ii), (iii) nor (iv) above shall be applicable.
     If Fair Market Value is to be determined as of a day when the
     securities markets are not open, the Fair Market Value on that day
     shall be the Fair Market Value on the preceding day when the
     markets were open.

          1.1(l)  "PERSON" shall include an individual, firm, trust,
     estate, association, joint venture, partnership, corporation,
     limited liability company, organization or other entity.

          1.1(m)  "UNIFIED" shall mean Unified Financial Services,
     Inc., a Delaware corporation.

          1.1(n)  "UNIFIED GROUP" means, jointly and severally,
     Unified and any Person more than twenty percent (20%) of which (by
     value and not by voting power) is directly or indirectly owned by
     Unified at any time during the Employment Period, and any
     successors or assigns of Unified or any other Person included in
     the Unified Group.

     1.2  GENDER AND NUMBER.  When appropriate, pronouns in this
Agreement used in the masculine gender include the feminine gender,
words in the singular include the plural, and words in the plural
include the singular.

     1.3  HEADINGS.  All headings in this Agreement are included
solely for ease of reference and do not bear on the interpretation of
the text.  Accordingly, as used in this Agreement and except where
expressly provided to the contrary, the term "Section" means the text
that accompanies the specified Section of this Agreement.  For example
and without limitation, a reference to "Section 3" would mean all the
text under the headings numbered 3.1 through 3.6.

     1.4  INCORPORATION OF RECITALS; WAIVER OF DEFENSES.  The Recitals
set forth on the first page of this Agreement are hereby incorporated in
this Section 1.4 as if fully set forth herein and are binding upon the
parties to this Agreement.  Unified shall not, directly or indirectly,
raise as a defense to enforcement or excuse for any nonperformance under
this Agreement Executive's prior representation of Unified, Executive's
representation of himself in connection with this Agreement, or any
failure on the part of Unified to secure adequate legal representation
in connection with this Agreement.  Moreover, Unified represents and
warrants that this Agreement is duly authorized and binding upon Unified
in accordance with its terms; and Unified shall take no action
inconsistent with, and shall raise no objections or defenses to the
enforcement of this Agreement based in whole or part upon, those
grounds.  Executive shall not, directly or indirectly, raise as a
defense to enforcement or excuse for any nonperformance under this
Agreement Executive's representation of himself in connection with this
Agreement.  No provision of this Agreement shall be construed against
any party on the ground that such party drafted the provision or caused
it to be drafted or the provision contains a covenant of such party.

     1.5  APPLICABLE LAW.  This Agreement shall be governed by and
construed in accordance with the laws of the Commonwealth of Kentucky,
without reference to its conflict of law principles.

SECTION 2:  TERMS AND CONDITIONS OF EMPLOYMENT.

     2.1  PERIOD OF EMPLOYMENT.  Throughout the Employment Period, the
Executive shall serve in the employ of Unified in accordance with the
terms and provisions of this Agreement.

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     2.2  POSITIONS AND DUTIES.

          2.2(a)  Throughout the Employment Period, the Executive
     shall be the Associate General Counsel and a Senior Vice President
     of Unified.  The Executive shall render legal and administrative
     services to Unified as are customarily performed by persons
     situated in similar executive legal positions including, among
     other things, retention and oversight of inside and outside legal
     counsel for Unified and the other members of the Unified Group,
     and may have such other powers or authority as may from time to
     time be prescribed by the Board or any other executive officer of
     Unified or any other member of the Unified Group (collectively,
     "Positions and Duties").  The Executive shall report to the
     General Counsel of Unified.

          2.2(b)  Throughout the Employment Period (but excluding any
     periods of vacation and sick leave to which he is entitled), the
     Executive shall devote reasonable attention and time during normal
     business hours to the business and affairs of Unified and shall
     use his reasonable best efforts to perform faithfully and
     efficiently such responsibilities as are assigned to him under or
     in accordance with this Agreement; provided that, it shall not be
     a violation of this paragraph for the Executive to: (i) serve on
     corporate, civic or charitable boards or committees; (ii) deliver
     lectures or fulfill speaking engagements; (iii) manage personal
     investments for the Executive's own account or those of family
     members; or (iv) render legal services in an "of counsel" or
     similar role to or for the benefit of Persons who are not members
     of the Unified Group, so long as such activities described in
     clauses (i) through (iv) do not materially interfere with the
     performance of the Executive's responsibilities as a senior
     executive officer of Unified in accordance with this Agreement.
     The parties agree that an "of counsel" or similar relationship
     will be beneficial to Unified and will not conflict with
     Executive's Positions or Duties and will not present a conflict of
     interest to Executive or Unified.

     2.3  COMPENSATION.  The Executive's annual compensation and other
benefits described in this Section 2.3 shall be provided by Unified.

          2.3(a)  ANNUAL BASE SALARY.  From the Effective Date, the
     Executive shall receive an annual base salary of $160,000, which
     shall be due and paid in equal or substantially equal
     installments, to be paid at the same frequency as other employees
     of Unified but no less often than monthly.  The Annual Base Salary
     (as hereinafter defined) payable to the Executive shall be
     increased on each January 1 occurring during the Employment Period
     by no less than an amount equal to the Annual Base Salary for the
     immediately preceding calendar year multiplied by the Adjustment
     Percentage.  The Adjustment Percentage shall equal the sum of (A)
     the CPI Percentage, plus (B) eight percent (8%).  The CPI
     Percentage shall mean the greater of (i) zero and (ii) the
     remainder of (x) the quotient of the CPI-U for September of the
     year preceding such January 1 divided by the CPI-U for the
     immediately preceding September, minus (y) one (1), and any such
     remainder shall be expressed as a percentage.  By way of example
     and not limitation, the CPI Percentage for January 1, 2002 shall
     be (assuming such amount exceeds zero) the remainder of (x) the
     quotient of the September 2001 CPI-U divided by the September 2000
     CPI-U, minus (y) one (1); in addition, had this Agreement been in
     effect on January 1, 1999, the actual CPI Percentage for 1999
     would have been the quotient of 163.6 (the September 1998 CPI-U)
     divided by 161.2 (the September 1997 CPI-U) minus one (1), the
     remainder of which is 1.488 percent (0.01488).  The CPI-U shall
     mean the United States Department of Labor's Consumer Price Index,
     All Items, All Urban Consumers (CPI-U) (1982-84=100), All Cities
     (or the successor of such CPI-U, should such index be no longer
     published by the Department of Labor).  The Annual Base Salary
     shall never be reduced during the Employment Period.  "Annual Base
     Salary" as used herein shall mean the annual

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     base salary in respect of a calendar year in the Employment
     Period, as increased from time to time hereunder, and in respect
     of 2000 shall mean $160,000.

          2.3(b)  INCENTIVE BONUSES.  In addition to Annual Base
     Salary, the Executive shall be awarded incentive bonuses on a
     basis commensurate with those provided through the incentive
     compensation plans available to other senior executive officers of
     Unified.

          2.3(c)  SAVINGS AND RETIREMENT PLANS.  Throughout the
     Employment Period, the Executive shall be entitled to participate
     in and receive cash and/or stock-based benefits commensurate with
     the savings and retirement plans available to other senior
     executive officers of Unified.  In addition, Executive shall be
     granted on the Effective Date, and on each January 1 during the
     first sixty (60) months of the Expected Employment Period an
     option, which option shall be fully vested on the date of grant,
     to acquire such number of shares of Common Stock as shall equal
     one-half of the Annual Base Salary (after giving effect to the
     annual increase required by Section 2.3(a) hereof) divided by the
     Fair Market Value of the Common Stock on the date of grant, at an
     exercise price per share equal to the Fair Market Value of the
     Common Stock on the date of grant.

          2.3(d)  FRINGE BENEFITS.  Throughout the Employment Period,
     the Executive shall be entitled to such fringe benefits as are
     provided to other senior executive officers of Unified or shall
     receive cash benefits commensurate therewith.

          2.3(e)  WELFARE BENEFIT PLANS.  Throughout the Employment
     Period (and thereafter, subject to Section 4.1(c) hereof), the
     Executive and/or the Executive's family, as the case may be, shall
     be eligible for participation in and shall receive all benefits
     under, or receive cash benefits commensurate with, all welfare
     benefit plans, practices, policies and programs provided by
     Unified (including, without limitation, medical, prescription,
     dental, disability, salary continuance, employee life, group life,
     accidental death and travel accident insurance plans and programs)
     to the extent available to other senior executive officers of
     Unified.

          2.3(f)  EXPENSES.  Throughout the Employment Period, the
     Executive shall be entitled to receive prompt reimbursement for
     all reasonable expenses incurred by the Executive in accordance
     with the most favorable policies, practices and procedures
     applicable to other senior executive officers of Unified.

          2.3(g)  OFFICE AND SUPPORT STAFF.  Throughout the
     Employment Period, Unified shall provide the Executive with
     reasonable office space and equipment (including furnishings,
     books and reasonable access to research services) no less than
     equal to those generally provided to other senior executive
     officers of Unified, and to personal secretarial and other
     assistance; provided, that the parties contemplate that the
     Executive and Charles H. Binger (while he is employed by Unified)
     will share secretarial and other staff assistance to the extent
     feasible.

          2.3(h)  VACATION.  Throughout the Employment Period, the
     Executive shall be entitled to four (4) weeks paid vacation per
     year.

          2.3(i)  LICENSES AND LEGAL EDUCATION.  Throughout the
     Employment Period, Unified shall pay any and all state licensing
     fees required to be paid by Executive to practice law in any state
     in which Executive currently is licensed as a practicing attorney
     and in any state in which Executive is required to be licensed in
     order to represent Unified and its subsidiaries as a practicing
     attorney.  In addition, throughout the Employment Period,
     Executive shall be entitled to attend two (2) national continuing
     legal

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     education seminars annually, and Unified shall pay any and all
     fees, including, among other things, registration, travel and
     lodging, related thereto.

          2.3(j)  EXECUTIVE'S RIGHTS NONASSIGNABLE.  The right to
     receive the Annual Base Salary (as further provided in Section 4)
     and other benefits hereunder shall be a personal right of the
     Executive and shall not be extinguished by the death of the
     Executive.  Such right shall not be transferable by the Executive
     other than pursuant to the laws of descent and distribution.

     2.4  SITUS OF EMPLOYMENT.  The Executive's services shall be
performed in St. Louis, Missouri during the Employment Period, except to
the extent (and under the terms and conditions) that each of the
Executive, Unified and (if he shall then be employed by Unified) Charles
H. Binger shall agree to a different location.  During the Employment
Period, each of the Executive and the General Counsel of Unified shall
be located at the same office.

SECTION 3:  TERMINATION OF EMPLOYMENT.  Unified may only terminate
Executive's employment for reasons constituting Disability (as defined
in Section 3.2 hereof) or Cause (as defined in Section 3.3 hereof).  Any
termination by Unified for reasons failing to constitute Cause or
Disability is a breach of this Agreement having the remedies set forth
herein.  Executive may terminate his employment by reason of death or
Good Reason (as defined in Section 3.4 below).  Any termination by
Executive during his life for reasons failing to constitute Good Reason
is a breach of this Agreement having the remedies set forth herein. In
the case of any breach of the provisions of this Agreement that does not
entitle the aggrieved party to terminate Executive's employment, the
aggrieved party shall remain entitled to any other remedy or monetary
damages as elsewhere provided in this Agreement (see, for example,
Section 5.7 and Section 8).

     3.1  DEATH.  The Executive's employment shall terminate
automatically upon the Executive's death during the Employment Period.

     3.2  DISABILITY.  If Unified determines in good faith that the
Disability of the Executive has occurred during the Employment Period
(pursuant to the definition of Disability set forth below), it may give
to the Executive written notice in accordance with Section 9.3 of its
intent to terminate the Executive's employment.  In such event, the
Executive's employment with Unified shall terminate effective on the
thirtieth (30th) day after receipt of such notice by the Executive (the
"Disability Effective Date"), provided that, within the thirty (30) days
after such receipt, the Executive shall not have returned to full-time
performance of his duties.  For purposes of this Agreement, "Disability"
shall mean that the Executive has been unable to perform the services
required of the Executive hereunder on a full-time basis for a period of
one hundred eighty (180) consecutive business days by reason of a
physical and/or mental condition.  "Disability" shall be deemed to exist
when certified by a physician selected by Unified or its insurers and
acceptable to the Executive or the Executive's legal representative
(such agreement as to acceptability not to be withheld unreasonably).
The Executive shall submit to such examinations and tests as such
physician deems reasonably necessary to make any such Disability
determination.

     3.3  TERMINATION FOR CAUSE.  Unified may terminate the
Executive's employment during the Employment Period for "Cause," which
for purposes of this Agreement shall mean termination based upon, and
only upon: (i) the continued failure of the Executive to perform
substantially, during the Employment Period, the Executive's Positions
and Duties with Unified (other than any such failure resulting from
incapacity due to physical or mental illness), after a written demand
for substantial performance is delivered to the Executive by the Board
or the Chief Executive Officer of Unified which specifically identifies
the manner in which the Board or Chief Executive Officer believes that
the Executive has not substantially

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performed the Executive's Positions and Duties, or (ii) the willful
engaging by the Executive during the Employment Period in gross
misconduct that directly causes material injury to Unified, or (iii)
conviction of the Executive of a felony (or a guilty or nolo contendere
plea by the Executive with respect thereto) willfully committed by the
Executive in the course of performance of his Positions and Duties with
Unified during the Employment Period.  For purposes of this paragraph,
no course of conduct, action or omission on the Executive's part shall
be considered to be grounds for Cause unless such course of conduct,
action or omission (x) was done without reasonable belief that the
course of conduct, action or omission was in the best interests of
Unified, and (y) is inconsistent with standards of conduct consistently
applied to other senior executive officers of the Unified Group.  Any
act, or failure to act, based upon authority given pursuant to a
resolution duly adopted by the Board, or based upon the instructions of
the Chief Executive Officer or any other senior officer of Unified or
any other member of the Unified Group, or based upon the advice of
counsel for Unified shall be conclusively presumed to be done, or
omitted to be done, by the Executive in good faith and in the best
interests of Unified.

Termination for Cause may be effected by, and only by, written notice to
Executive in accordance with the provisions of Section 9.3 hereof
stating with particularity each action or condition constituting Cause,
sufficient in detail such that the corrective measures necessary to cure
such action(s) or condition(s) may be readily inferred from the face of
the notice.  During the ninety-day period following receipt of such
notice by Executive, Unified shall use its best efforts to cooperate
with Executive to cure the action(s) or condition(s) set forth in
Unified's notice.  If a cure is commercially reasonable and the
Executive fails to take sufficient steps within such ninety-day period
to effectuate a cure, then and only then may Unified terminate his
employment for Cause.  Failure of Unified to set forth in such notice
any material fact or circumstance (then known or that should be then
known by Unified) that contributes to a showing of Cause shall waive any
right of Unified to assert such fact or circumstance in enforcing its
rights under this Agreement in connection with such notice, but shall
not waive Unified's right pursuant to any subsequent notice to terminate
the Executive on grounds of any then unknown material fact or
circumstance.

     3.4  GOOD REASON.  The Executive may terminate his employment
with Unified for "Good Reason," which shall mean termination based upon,
and only upon:

          (i)   the assignment to the Executive of any duties
     inconsistent in any respect with the Executive's Positions and
     Duties (including status, offices, titles and reporting
     requirements), as contemplated by Section 2.2 or any other action
     by Unified that results in a material diminution in such Positions
     and Duties, excluding for this purpose any action not taken in bad
     faith and which is remedied by Unified promptly after receipt of
     notice thereof given by the Executive in accordance with the
     provisions of Section 9.3 hereof; or

          (ii)  (a) the failure by Unified to provide any of the
     benefits enumerated in Section 2.3 hereof; or (b) the taking of
     any action by Unified that would adversely affect the Executive's
     participation in, or materially reduce the Executive's benefits
     under, any plans described in Section 2.3(e) hereof; or

          (iii) Unified requiring the Executive to be based at any
     office or location other than that described in Section 2.4
     hereof; or

          (iv)  (a) (1) an attempt by Unified or any other member
     of the Unified Group to cause the Executive to engage in conduct
     that could result in the suspension of his license to practice
     law, or (2) the taking of any course of conduct by Unified and/or
     any member of the Unified Group that would require the Executive
     to resign his employment with Unified under the ethical rules of
     any jurisdiction in

                                  -8-

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     which the Executive is licensed to practice law; in each case
     based upon the determination or written advice of the agency or
     other body having authority to suspend such license, or (b) the
     refusal of Unified to submit or permit the submission of facts
     and/or other statements to such agency or other body for purposes
     of obtaining such determination or written advice pursuant to
     subsection (a) hereof; or

          (v)   any purported termination by Unified of the
     Executive's employment otherwise than as expressly permitted by
     this Agreement; or

          (vi)  any failure by Unified to comply with and satisfy
     the provisions of Section 7.2; or

          (vii) within a period ending at the close of business on
     the date three (3) years after the Change in Control Date, the
     Executive, in his sole and absolute discretion, determines and
     notifies Unified in writing, that he does not wish to continue his
     employment with Unified.

Other than a Termination for Good Reason pursuant to Section 3.4(v),
3.4(vi) or 3.4(vii), Termination for Good Reason may be effected by, and
only by, written notice to Unified in accordance with the provisions of
Section 9.3 stating with particularity each action or condition
constituting Good Reason, sufficient in detail such that the corrective
measures necessary to cure such action(s) or condition(s) may be readily
inferred from the face of the notice.  During the ninety-day period
following receipt of such notice by Unified, the Executive shall use his
best efforts to cooperate with Unified to cure the action(s) or
condition(s) set forth in the Executive's notice.  If a cure is
commercially reasonable and Unified fails to take sufficient steps
within such ninety-day period to effectuate a cure, then and only then
may the Executive terminate his employment for Good Reason.  Failure of
Executive to set forth in such notice any material fact or circumstance
(then known or that should be then known by Executive) that contributes
to a showing of Good Reason shall waive any right of Executive to assert
such fact or circumstance in enforcing his rights under this Agreement
in connection with such notice, but shall not waive Executive's right
pursuant to any subsequent notice to terminate his employment on grounds
of any then unknown material fact or circumstance.

     3.5  NOTICE OF TERMINATION.  Any termination by Unified or by the
Executive (including terminations in breach of this Agreement) shall be
communicated by Notice of Termination to the other party.  For purposes
of this Agreement, a "Notice of Termination" means a written notice
given in accordance with Section 9.3 that: (i) indicates the specific
termination provision in this Agreement relied upon (including reliance
upon Section 1.1(h)(i), if the Notice of Termination is delivered to
terminate the Employment Period); (ii) to the extent applicable, sets
forth in reasonable detail the facts and circumstances claimed to
provide a basis for termination of the Executive's employment under the
provision so indicated; and (iii) if the Date of Employment Termination
(as defined below) is other than the date such notice is given,
specifies the Date of Employment Termination (which date shall be not
more than ninety (90) days after the giving of such notice), provided
that no such date need be specified if such notice relates to a
termination for Cause or Good Reason.  The failure by the Executive or
Unified to set forth in the Notice of Termination any fact or
circumstance that contributes to a showing of Good Reason or Cause shall
waive any right of the Executive or Unified to assert such fact or
circumstance in enforcing the Executive's or Unified's, as the case may
be, rights hereunder.

     3.6  DATE OF EMPLOYMENT TERMINATION.  "Date of Employment
Termination" means: (i) if the Executive's employment is terminated by
Unified for Cause or by the Executive for Good Reason, the later of the
day specified in the Notice of Termination and the last day of the cure
period specified in Section 3.3 or 3.4; (ii) if the Executive's
employment is terminated by reason of death or Disability, the date of
death of the Executive or the Disability Effective Date, as the case may
be; (iii) if the Executive's employment is terminated by Unified

                                  -9-

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other than for Cause or Disability, the date the Notice of Termination
is given or any later date (within the ninety-day limit provided in
Section 3.5) specified therein, as the case may be; (iv) if the
Executive shall terminate employment with Unified for any reason other
than for Good Reason, the date the Executive shall terminate his
employment with Unified or, if not more than ninety (90) days later, the
date specified in the Notice of Termination; and (v) in any other case,
the date on which the Expected Employment Period ends.

SECTION 4:  CERTAIN BENEFITS UPON TERMINATION.

     4.1  TERMINATION WITHOUT CAUSE OR FOR GOOD REASON.  If during the
Employment Period (i) Unified shall terminate the Executive's employment
without Cause or (ii) the Executive shall terminate employment with
Unified for Good Reason, the Executive shall be entitled to the benefits
provided below:

          4.1(a)  "ACCRUED OBLIGATIONS": On or before the fifth
     (5th) business day following the Date of Employment Termination,
     Unified shall pay to the Executive the sum of: (1) the Executive's
     Annual Base Salary through the Date of Employment Termination to
     the extent not previously paid; (2) any compensation previously
     deferred by the Executive (together with any accrued interest or
     earnings thereon); and (3) any accrued vacation pay; in each case
     to the extent not previously paid.

          4.1(b)  "ANNUAL BASE SALARY CONTINUATION": For the
     remainder of the Expected Employment Period that occurs after the
     Date of Employment Termination, Unified shall pay to the Executive
     the same Annual Base Salary as would have been paid to the
     Executive had the Executive remained in Unified's employ during
     the remainder of the Expected Employment Period.  Unified at any
     time may elect to pay the balance of such payments then remaining
     in a lump sum, in which case the total of such payments shall be
     discounted to present value as determined according to Code
     Section 280G(d)(4); provided, however, in the event of termination
     of employment by Executive pursuant to the provisions of Section
     3.4(vi) or (vii) hereof, Unified shall pay on the Date of
     Employment Termination to the Executive all amounts due pursuant
     to this Section 4.1 and Section 4.5.

          4.1(c)  "OTHER BENEFITS": To the extent not previously
     paid or provided, Unified shall timely pay or provide to the
     Executive and/or the Executive's family any other amounts or
     benefits required to be paid or provided which the Executive
     and/or the Executive's family is eligible to receive pursuant to
     this Agreement or under any plan, program, policy or practice or
     agreement of Unified provided to other senior executive officers
     and their families during the ninety-day period immediately
     preceding the Effective Date or, if more favorable to the
     Executive, those provided generally after the Effective Date to
     other senior executive officers of Unified and their families.
     Over the remainder of the Expected Employment Period, the
     Executive also shall receive health insurance benefits as
     maintained by Unified for the benefit of its senior executive
     officers.

     4.2  DEATH.  If the Executive's employment is terminated by
reason of the Executive's death during the Employment Period, this
Agreement shall terminate without further obligations to the Executive's
legal representatives under this Agreement, other than for timely
payment of Accrued Obligations (as provided in Section 4.1(a)).

     4.3  DISABILITY.  If the Executive's employment is terminated by
reason of the Executive's Disability during the Employment Period, this
Agreement shall terminate without further obligations to the Executive,
other than for timely payment of Accrued Obligations (as provided in
Section 4.1(a)).

                                  -10-

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     4.4  TERMINATION FOR CAUSE; TERMINATION OTHER THAN FOR GOOD
REASON.  If the Executive's employment shall be terminated for Cause
during the Employment Period, this Agreement shall terminate without
further obligations to the Executive other than for timely payment of
Accrued Obligations (as provided in Section 4.1(a)).  If the Executive
terminates employment with Unified during the Employment Period
(excluding a termination for death or Good Reason), this Agreement shall
terminate without further obligations to the Executive, other than for
timely payment of Accrued Obligations (as provided in Section 4.1(a)).

     4.5  ANNUAL NONCOMPETE AND SEVERANCE PAYMENTS.  Except in the
case of a termination of the Executive's employment by Unified for
Cause, by Executive without Good Reason or upon the death or Disability
of the Executive, on or before the thirtieth (30th) day following the
Date of Employment Termination (as defined in Section 3.6 hereof), and
on each of the first and second anniversary dates of the Date of
Employment Termination, Unified shall pay to the Executive an amount
equal to the Annual Base Salary as was (or would have been) determined
for the final calendar year of the Expected Employment Period, and if
the termination or purported termination shall be by Unified without
Cause or by Executive for Good Reason pursuant to Section 3.4(v), each
such payment shall be increased by one-half as liquidated damages (and
not as a penalty) in recognition of damage to Executive's reputation and
the enhanced difficulties inherent in finding replacement employment
while being removed from the marketplace.  The payments and arrangements
in this Section 4.5 constitute further consideration for the Executive's
covenants set forth in Section 5, and the Executive agrees that he shall
abide by the terms of Section 5 in their entirety and acknowledges that
Section 5 continues to apply after any termination of employment (other
than a termination described in Section 4.2).

     4.6  EXCISE TAXES.  The parties recognize that termination of
Executive's employment in connection with any change of control or other
payments made in connection with any change in control could result in
excise taxes to the Executive, and the parties provide for payment of
such taxes as follows.

               (i)     Anything in this Agreement to the contrary
          notwithstanding, in the event: (A) it shall be determined that any
          payment or distribution by Unified to or for the benefit of the
          Executive (whether paid or payable or distributed or distributable
          pursuant to the terms of this Agreement or otherwise) (a
          "Payment") would be subject to the excise tax imposed by Code
          Section 4999; or (B) any interest or penalties are incurred by the
          Executive with respect to such excise tax (such excise tax,
          together with any interest and penalties, are hereinafter
          collectively referred to as the "Excise Tax"), then the Executive
          shall be entitled to receive an additional payment (a "Gross-Up
          Payment") in an amount equal to the Excise Tax imposed on the
          Payment and on the Gross-Up Payment as well as any additional
          income tax, employment tax and Excise Tax payable with respect to
          such additional payment (including any interest or penalties
          imposed with respect to such excise tax).  The Gross-Up Payment
          shall not include any amount for the payment of any income or
          employment taxes imposed on the Payment, but shall include any
          income or employment taxes payable with respect to any Gross-Up
          Payment (and any interest and penalties imposed with respect
          thereto).

               (ii)    Subject to the provisions of Section 4.6(iii), all
          determinations required to be made under this Section, including
          whether and when a Gross-Up Payment is required and the amount of
          such Gross-Up Payment and the assumptions to be utilized in
          arriving at such determination, shall be made by an independent
          accountant jointly selected by Unified and the Executive which
          shall provide detailed supporting calculations both to Unified and
          the Executive within fifteen (15) business days of the receipt of
          notice from the Executive that there has been a Payment, or such
          earlier time as is requested by Unified.  All fees and expenses of
          the

                                  -11-

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          independent accountant shall be borne solely by Unified.  Any
          Gross-Up Payment, as determined pursuant to this Section 4.6,
          shall be paid by Unified to the Executive within five (5) days of
          the receipt of the independent accountant's determination.  If the
          independent accountant determines that no Excise Tax is payable by
          the Executive, it shall furnish the Executive with a written
          opinion that failure to report the Excise Tax on the Executive's
          applicable Federal income tax return would not result in the
          imposition of a negligence or similar penalty.  Any determination
          by the independent accountant shall be binding upon Unified and
          the Executive.  As a result of the uncertainty in the application
          of Code Section 4999 at the time of the initial determination by
          the independent accountant hereunder, it is possible that Gross-Up
          Payments which will not have been made by Unified should have been
          made ("Underpayment"), consistent with the calculations required
          to be made hereunder.  In the event that Unified exhausts its
          remedies pursuant to Section 4.6(iii) and the Executive thereafter
          is required to make a payment of any Excise Tax, the independent
          accountant shall determine the amount of the Underpayment that has
          occurred and any such Underpayment, as well as any interest and
          penalties imposed thereon, shall be promptly paid by Unified to or
          for the benefit of the Executive.

               (iii)   The Executive shall notify Unified in writing of
          any claim by the Internal Revenue Service that, if successful,
          would require the payment by Unified of the Gross-Up Payment.
          Such notification shall be given as soon as practicable but no
          later than ten (10) business days after the Executive is informed
          in writing of such claim and shall apprise Unified of the nature
          of such claim and the date on which such claim is requested to be
          paid.  The Executive shall not pay such claim prior to the
          expiration of the thirty (30) day period following the date on
          which the Executive gives such notice to Unified (or such shorter
          period ending on the date that any payment of taxes with respect
          to such claim is due).  If Unified notifies the Executive in
          writing prior to the expiration of such period that it desires to
          contest such claim, the Executive shall:

                       (a)  give Unified any information reasonably requested
               by Unified relating to such claim;

                       (b)  take such action in connection with contesting such
               claim as Unified shall reasonably request in writing from time to
               time, including, without limitation, accepting legal
               representation with respect to such claim by an attorney
               reasonably selected by Unified;

                       (c)  cooperate with Unified in good faith in order to
               effectively contest such claim; and

                       (d)  permit Unified to participate in any proceedings
               relating to such claim; provided, however, that Unified shall
               bear and pay directly all costs and expenses (including
               additional interest and penalties) incurred in connection with
               such contest and shall indemnify and hold the Executive harmless,
               on an after-tax basis, for any Excise Tax or income tax
               (including interest and penalties with respect thereto) imposed
               as a result of such representation and payment of costs and
               expenses.  Without limitation on the foregoing provisions of this
               Section 4.6, Unified shall control all proceedings taken in
               connection with such contest and, at its sole option, may pursue
               or forego any and all administrative appeals, proceedings,
               hearings and conferences with the taxing authority in respect of
               such claim and may, at its sole option, either direct the
               Executive to pay the tax claimed and sue for a refund or contest
               the claim in any permissible manner, and

                                  -12-

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<PAGE>

               the Executive agrees to prosecute such contest to a determination
               before any administrative tribunal, in a court of initial
               jurisdiction and in one or more appellate courts, as Unified
               shall determine; provided, however, that if Unified directs the
               Executive to pay such claim and sue for a refund, Unified shall
               advance the amount of such payment to the Executive, on an
               interest-free basis and shall indemnify and hold the Executive
               harmless, on an after-tax basis, from any Excise Tax or income
               tax (including interest or penalties with respect thereto)
               imposed with respect to such advance or with respect to any
               imputed income with respect to such advance; and further provided
               that any extension of the statute of limitations relating to
               payment of taxes for the taxable year of the Executive with
               respect to which such contested amount is claimed to be due is
               limited solely to such contested amount.  Furthermore, Unified's
               control of the contest shall be limited to issues with respect to
               which a Gross-Up Payment would be payable hereunder and the
               Executive shall be entitled to settle or contest, as the case may
               be, any other issue raised by the Internal Revenue Service or any
               other taxing authority.

               (iv)    If, after the receipt by the Executive of an amount
          advanced by Unified pursuant to Section 4.6(iii), the Executive
          becomes entitled to receive any refund with respect to such claim,
          the Executive shall (subject to Unified's compliance with the
          requirements of Section 4.6(iii)) promptly pay to Unified the
          amount of such refund (together with any interest paid or credited
          thereon after taxes applicable thereto).  If, after the receipt by
          the Executive of an amount advanced by Unified pursuant to Section
          4.6(iii), a determination is made that the Executive shall not be
          entitled to any refund with respect to such claim and Unified does
          not notify the Executive in writing of its intent to contest such
          denial or refund prior to the expiration of thirty (30) days after
          such determination, then such advance shall be forgiven and shall
          not be required to be repaid and the amount of such advance shall
          offset, to the extent thereof, the amount of Gross-Up Payment
          required to be paid.

     4.7  NON-EXCLUSIVITY OF RIGHTS.  Nothing in this Agreement shall
prevent or limit the Executive's continuing or future participation in
any plan, program, policy or practice provided by Unified and for which
the Executive may qualify, nor shall anything herein limit or otherwise
affect such rights as the Executive may have under any other contract or
agreement with Unified.  Vested benefits which the Executive is
otherwise entitled to receive under any plan, policy, practice or
program of, or any contract or agreement with, Unified at or subsequent
to the Date of Employment Termination, shall be payable in accordance
with such plan, policy, practice or program or contract or agreement
except as explicitly modified by this Agreement.

     4.8  FULL SETTLEMENT; EXECUTIVE HAS NO DUTY OF MITIGATION.
Unified's obligation to make the payments provided for in this Agreement
and otherwise to perform its obligations hereunder shall not be affected
by any set-off, counterclaim, recoupment, defense or other claim, right
or action which Unified may have against the Executive or others, other
than any set-off for monies improperly taken by Executive (including any
funds embezzled). In no event shall the Executive be obligated to seek
other employment or take any other action by way of mitigation of the
amounts payable to the Executive under any of the provisions of this
Agreement and, except as provided in Section 4.1(c), such amounts shall
not be reduced whether or not the Executive obtains other employment.
Unified agrees to pay promptly as incurred, to the full extent permitted
by law, all legal fees and expenses which the Executive may reasonably
incur as a result of any contest (regardless of the outcome thereof) by
Unified, the Executive or others of the validity or enforceability of,
or liability under, any provision of this Agreement or any guarantee of
performance thereof (including as a result of any contest by the
Executive regarding the amount of any payment pursuant to this
Agreement), plus in each case interest on any delayed payment at the
applicable Federal rate provided for in Code Section 7872(f)(2)(A). The
payments and arrangements in this Section 4

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constitute further consideration for the Executive's covenants set forth
in Section 5, and the Executive agrees that he shall abide by the terms
of Section 5 in their entirety and acknowledges that Section 5 continues
to apply after any termination of employment (other than a termination
described in Section 4.2).

SECTION 5:  NON-COMPETITION.

     5.1  NON-COMPETE AGREEMENT.  It is agreed that during the
Employment Period and until the date three (3) years after the Date of
Employment Termination (such period of time, the "Restricted Period"),
the Executive shall not, directly or indirectly, render services of any
nature within the Relevant Market Area (as defined herein) as an
employee, agent, representative, consultant, partner or otherwise, to or
for the direct or indirect benefit of any business that competes with
any member of the Unified Group; provided however, nothing in this
Section 5 shall prohibit Executive from engaging in the private practice
of law.  The Relevant Market Area is the area within the fifty-mile
radius of: (i) each office maintained by Unified at any time during the
Employment Period; and (ii) each office maintained by any other member
of the Unified Group at any time during the Employment Period.  In
addition, during the Restricted Period, the Executive shall not,
directly or indirectly, either as an individual, partner or a joint
venturer, or in any other capacity, invest in, own or have any
arrangement to acquire (whether by option or otherwise) an interest in
any Person or business that is competitive with any member of the
Unified Group, excluding any interest in a publicly traded company which
constitutes not more than one percent (1%) by value of the equity
securities of such company.

     5.2  NON-SOLICITATION OF EMPLOYEES.  It is agreed that during the
Restricted Period, Executive shall not, either directly or indirectly,
approach or solicit: (i) any Person employed by Unified at any time
during the Employment Period; and (ii) any Person employed by any other
member of the Unified Group at any time during the Employment Period,
with a view towards enticing such Person to work for the Executive or
any other Person.

     5.3  NON-SOLICITATION OF CUSTOMERS.  It is agreed that during the
Restricted Period, Executive shall not, either directly or indirectly,
approach or solicit: (i) any Person who was a Customer of Unified at any
time during the Employment Period; and (ii) any Person who was a
Customer of any other member of the Unified Group at any time during the
Employment Period and in respect of which the Executive had direct or
indirect contact or gained Confidential Information during such period,
if such direct or indirect approach or solicitation (x) is made with a
view towards diverting or attempting to divert business from Unified or
any other member of the Unified Group; or (y) consists of any action or
communication that disparages or depreciates, or tends to disparage or
depreciate, the reputation, business practices, future business
prospects, policies or personnel (including officers, directors and
employees) of any member of the Unified Group.

     5.4  CONFIDENTIAL INFORMATION.  For purposes of this Agreement,
"Confidential Information" shall mean any communication disclosed to the
Executive or known by the Executive as a consequence of or through his
past, present or prospective employment or business relationship with
the Unified Group, not generally known and available in the Unified
Group's industries, which constitutes the Unified Group's (including
Unified's) proprietary and non-public method(s) of doing business,
including, but not limited to, any information related to trade secrets,
pricing formulas, know-how, test data, Customer lists, vendor lists,
training and operating manuals, software and reporting systems.  Unified
and the Executive acknowledge that during the Executive's period of
employment by Unified, the Unified Group will furnish the Executive with
Confidential Information.  The Executive agrees both during his
employment with Unified, whether under this Agreement or otherwise, and
at all times thereafter, that the Executive, his officers, directors,
partners, employees, affiliates, agents, representatives or assigns
(collectively "Representatives") shall keep all Confidential Information
in the strictest confidence and shall not discuss, publish, communicate,
transmit, reproduce or otherwise disclose such Confidential Information,
in any manner whatsoever, in whole or in part, without the prior written
consent of Unified, unless and until such time

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as the Confidential Information becomes generally known in the Unified
Group's industries other than through breach of this Agreement.  Any
written consent by Unified to the Executive's disclosure of Confidential
Information, if given, shall in no way operate as a waiver of the
Executive's obligation to maintain the confidential nature of the
material disclosed or to protect and preserve that Confidential
Information from disclosure so that it will receive confidential
treatment thereafter.  The Executive agrees to reimburse Unified for any
damages sustained and costs and expenses, including attorneys' fees,
incurred in connection with an unauthorized disclosure of Confidential
Information by the Executive, his Representatives or any other person or
persons to whom the Executive or his Representatives previously had
disclosed Confidential Information.

     5.5  REASONABLENESS OF COVENANTS.  The Executive acknowledges and
agrees that the covenants and agreements contained in this Section 5 are
reasonable, and the Executive agrees he shall not raise any issue of
their reasonableness in any proceeding to enforce such covenants and
agreements.

     5.6  BLUE PENCILLING.  In the event any court or other body having
appropriate jurisdiction (including any panel of arbitrators) shall
determine that the area where competition is prohibited, the time period
during which competition is prohibited, the nature or duration of
prohibitions on solicitation of Customers or employees, or any other
term of this Section 5 is overbroad, then the area or time or other term
shall be reduced appropriately as the court or other body may determine
is necessary to make this Section 5 enforceable.  The parties
acknowledge that the purpose of this Section 5 is to protect the
goodwill and going concern value of Unified and the Unified Group, and
the parties intend that this Section 5 shall be enforced to the maximum
extent allowed by law.

     5.7  SPECIFIC ENFORCEMENT.  The Executive agrees that any
violation or breach by the Executive and/or his Representatives of any
provision of this Section 5 would cause immediate and irreparable harm
to the Unified Group, the exact amount of which will be impossible to
ascertain, and for that reason further agrees that the Unified Group
shall be entitled, as a matter of right, to an injunction out of the
appropriate court of competent jurisdiction (as set forth below),
restraining any further violation or breach of this Agreement by
Executive and/or his Representatives, either directly or indirectly,
such right to an injunction being cumulative and in addition to whatever
remedies the Unified Group may have under applicable law and/or this
Agreement.  The Unified Group and the Executive hereby irrevocably
consent to the jurisdiction of the Circuit Court of Fayette County,
Kentucky or, if there is federal jurisdiction, the United States
District Court for the Eastern District of Kentucky.  The Unified Group
and the Executive waive any defense of an inconvenient forum to the
maintenance of any action or proceeding brought in such courts in
connection with this Agreement, any objection to venue with respect to
any such action, and any right of jurisdiction on account of the place
of residence or domicile of any party to such action.  The remedies of
the Unified Group under this Section 5.7 are not exclusive, and shall
not prejudice any other rights under this Agreement or otherwise.

SECTION 6:  OWNERSHIP OF PAPERS AND INTELLECTUAL PROPERTY RIGHTS.

     6.1  PAPERS AND PROPERTY.  Executive acknowledges the Unified
Group's (including Unified's) exclusive right to ownership, possession
and title to all papers, documents, tapes, drawings, notebooks,
formulas, Customer lists, software, hardware, trademarks, trade names,
service marks, processes, data, intellectual property, or other records,
information or products prepared by the Executive during the Employment
Period or provided by Unified, or which otherwise come into the
Executive's possession by reason of employment with Unified.  Executive
agrees not to make or permit to be made, except in pursuit of
Executive's Position and Duties hereunder, any copies of such items.
Executive further agrees to deliver to Unified upon request all such
items in Executive's possession and without request to immediately
deliver such items upon the termination, voluntarily or involuntarily,
of Executive's employment.

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     6.2  INVENTIONS.  The term "Inventions" means all ideas,
inventions and discoveries, whether patentable, copyrightable or not,
made or conceived by the Executive, whether or not during the hours of
his employment or with the use of Unified Group's facilities, materials
or personnel, either solely or jointly with others, during the term of
his employment (past, present or future) with any member of the Unified
Group that relates to any present or prospective business of Unified or
any other member of the Unified Group, including, but not limited to,
software, algorithms, designs, devices, processes, methods, formulae,
techniques, data storage systems, networks, servers and any improvements
to the foregoing.

          6.2(a)  REPORT.  Executive agrees to promptly disclose all
     Inventions to Unified.  Executive shall inform Unified promptly
     and fully of such Inventions by a written report, setting forth in
     detail the structures, procedures and methodology employed and the
     results achieved.  A report also shall be submitted by the
     Executive upon completion of any study or research project
     undertaken on behalf of Unified or any other member of the Unified
     Group, whether or not in the Executive's opinion a given study or
     project has resulted in an Invention.

          6.2(b)  ASSIGNMENT AND PATENT.  Executive hereby assigns
     and agrees to assign to Unified all of his rights to such
     Inventions and to all proprietary rights therein, based thereon or
     related thereto, including, but not limited to, applications for
     United States and foreign letters patent and resulting letters
     patent.  Upon Unified's request and at Unified's expense, the
     Executive shall execute such documents and provide such assistance
     as may be deemed necessary by Unified to apply for, prosecute,
     obtain, defend or enforce any United States and foreign letters
     patent based on or related to such Inventions.  The Executive
     agrees to execute all documents reasonably requested by Unified to
     assist Unified in perfecting or protecting any or all of its
     rights in the Inventions.

          6.2(c)  COPYRIGHT.  Executive acknowledges that all
     copyrightable Inventions are "works made for hire" and
     consequently that Unified owns all copyrights thereto, including,
     but not limited to, 17 U.S.C. Sections 101 and 210.  Unified and
     its successors and assigns shall have the sole and exclusive right
     to register the copyright(s) in all such work in its name as the
     owner and author of such work and shall have the exclusive rights
     conveyed under 17 U.S.C. Sections 106 and 106A, including, but not
     limited to, the right to make all uses of the works in which
     attribution or integrity rights may be implicated.  Additionally,
     without in any way limiting the foregoing, the Executive hereby
     assigns, transfers and conveys to Unified, and its successors and
     assigns, all right, title or interest that Executive may now have,
     or may acquire in the future, to the work including, but not
     limited to, all ownership, patent (United States and foreign
     letters patent), trade secret, trade names and trademarks,
     copyright moral, attribution and/or integrity rights.  The
     Executive hereby expressly and forever waives any and all rights
     that Executive may have arising under 17 U.S.C. Section 106A, and
     any rights arising under any federal, state, territorial or
     foreign laws that convey rights which are similar in nature to
     those conveyed under 17 U.S.C. Section 106A.  Notwithstanding any
     provision of the Copyright Act, any and all copyrightable works
     constituting Inventions or prepared either in whole or in part by
     the Executive in connection with his employment are, shall be, or
     shall become, owned by Unified.

SECTION 7:  SUCCESSORS.

     7.1  SUCCESSORS OF EXECUTIVE.  This Agreement is personal to the
Executive, and without the prior written consent of Unified, amounts
receivable hereunder shall not be assignable by the Executive otherwise
than by will or the laws of descent and distribution.  This Agreement
shall inure to the benefit of and be enforceable by the Executive's
legal representatives.

                                  -16-

<PAGE>
<PAGE>

     7.2  SUCCESSORS OF UNIFIED.  Unified shall require any Person(s)
that acquires (whether directly or indirectly, in one or more
transactions, whether by purchase, merger, consolidation or otherwise)
all or substantially all of the business and/or assets of Unified to
assume expressly and agree to perform this Agreement in the same manner
and to the same extent that Unified would be required to perform it if
no such transaction had taken place.  Failure of Unified to obtain such
agreement on or before thirty (30) days prior to the effectiveness of
any such transaction shall be a breach of this Agreement and such breach
(i) shall entitle the Executive to terminate this Agreement at his
option at any time during or after such thirty (30) day period for Good
Reason, and (ii) shall entitle Executive to immediate payment of all
amounts that are then or that would become due from Unified hereunder.
As used in this Agreement, "Unified" shall mean Unified as hereinbefore
defined and any Person that assumes and agrees to perform (or is
required to assume and perform) this Agreement by operation of law, the
provisions of this Section 7.2 or otherwise.

SECTION 8:  ARBITRATION.  Notwithstanding any other provision of this
Agreement to the contrary, and excluding the rights of the Unified Group
to pursue injunctive relief pursuant to Section 5.7, any controversy or
claim regarding, arising under or pertaining to this Agreement which
cannot be resolved among the parties themselves shall be resolved solely
by binding arbitration in Lexington, Kentucky.  The arbitration panel
shall consist of three arbitrators selected from list(s) of candidates
provided by the American Arbitration Association.  Unified shall be
entitled to appoint one arbitrator and the Executive shall be entitled
to appoint one arbitrator.  The third arbitrator, who shall be an
attorney in good standing who is licensed to practice law in the
Commonwealth of Kentucky and devotes more than one-half of his or her
professional time to the practice of employment law, shall be chosen by
the two arbitrators so appointed.  If any Person fails to appoint its
arbitrator or to notify the other Person of such appointment within
thirty (30) days after the institution of arbitration proceedings, such
other Person may request the President of the American Arbitration
Association to appoint such arbitrator on behalf of the Person who so
failed.  If the two arbitrators appointed by (or on behalf of) the
parties fail to appoint such third arbitrator, or fail to notify the
parties to such proceedings of such appointment, within thirty (30) days
after the appointment of the later of such two arbitrators to be
appointed by (or on behalf of) the parties, any party may request such
President to appoint such third arbitrator.  The President of the
American Arbitration Association shall appoint such arbitrator or such
third arbitrator, as the case may be, within thirty (30) days after the
making of such request.  The arbitration shall be conducted in
accordance with the Commercial Arbitration Rules of the American
Arbitration Association (which rules may be modified by a majority of
the arbitrators serving), except that the parties shall be allowed to
take depositions as provided under applicable state and federal laws,
and the arbitration award, decree and/or order may grant any remedy or
relief that is in accordance with the provisions of this Agreement and
applicable Kentucky law.  No awards of punitive damages shall be made.
The arbitration award, decree and/or order shall be final and binding on
all parties to such arbitration.  Judgment and/or decree shall be
entered (in conformity with such award, decree and/or order) in the
Circuit Court of Fayette County, Kentucky or, if there is federal
jurisdiction, the United States District Court for the Eastern District
of Kentucky.  The Executive and each member of the Unified Group
irrevocably submit to the exclusive jurisdiction of the Circuit Court of
Fayette County, Kentucky or, if there is federal jurisdiction, the
United States District Court for the Eastern District of Kentucky, for
the purpose of (a) entry of any such judgment and/or decree; or (b)
entry of an order to proceed with arbitration.  Any such judgment,
decree and/or order entered by the Circuit Court of Fayette County,
Kentucky, or the United States District Court for the Eastern District
of Kentucky and any related order(s) of such court, may be endorsed as
any other judgment, decree or order of such court.

SECTION 9:  MISCELLANEOUS.

     9.1  ABILITY TO PERFORM.  The Executive warrants that the
Executive's execution and performance of this Agreement is not
restricted or prohibited by any agreement to which the Executive is
subject.

                                  -17-

<PAGE>
<PAGE>

     9.2  TIME PERIODS.  Any period of time measured under this
Agreement by days shall refer to calendar days and not business days,
unless otherwise provided.  If the last day of any such period falls on
a Saturday, Sunday or holiday observed by commercial banks in the city
of Lexington, Kentucky, the last day of such period, for all purposes of
this Agreement (including the determination of the first day of each
succeeding period of time measured by days), shall be deemed to be the
next succeeding business day after such Saturday, Sunday or holiday.
Any period of time measured under this Agreement shall end at midnight,
Lexington, Kentucky time, on the last day of such period.

     9.3  NOTICE.  For all purposes of this Agreement, notices and all
other communications provided for in this Agreement shall be in writing
and shall be deemed to have been duly given and received when (i)
delivered; or (ii) mailed by certified or registered mail, return
receipt requested, postage prepaid, addressed to the respective
addresses as set forth below, or to such other address as may have been
furnished to the other in writing in accordance herewith, except that
notice of change of address shall be effective only upon receipt.

                  Notice to Executive:
                  -------------------

                  David F. Morris
                  2741A Park Avenue
                  St. Louis, Missouri 63104

                  Notice to Unified:
                  -----------------

                  Unified Financial Services, Inc.
                  1104 Buttonwood Court
                  Lexington, Kentucky 40515
                  Attention: Chairman, President and Chief Executive
                             Officer

     9.4  VALIDITY.  The invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or
enforceability of any other provision of this Agreement.

     9.5  WITHHOLDING.  Unified may withhold from any amounts payable
under this Agreement such federal, state or local taxes as shall be
required to be withheld pursuant to any applicable law or regulation.

     9.6  WAIVER.  The Executive's or Unified's failure to insist upon
strict compliance with any provision hereof or any other provision of
this Agreement or the failure to assert any right the Executive or
Unified may have hereunder, including, without limitation, the right of
the Executive to terminate employment for Good Reason pursuant to
Section 3.4, shall not be deemed to be a waiver of such provision or
right or any other provision or right of this Agreement.

     9.7  ENTIRE AGREEMENT.  All prior negotiations and agreements
between the parties hereto regarding Executive's employment are
superseded by this Agreement, and there are no representations,
warranties, understandings or agreements other than those expressly set
forth herein, except as modified in writing concurrently herewith or
subsequent hereto.

     9.8  AMENDMENT.  This Agreement may be amended or modified in
whole or in part only by an agreement in writing executed by all parties
hereto and making specific reference to this Agreement.

                                  -18-

<PAGE>
<PAGE>

     9.9  PRIORITY OF AGREEMENT.  In case of any conflict or ambiguity
in connection with or between this Agreement and any policy manuals,
including, but not limited to, any employee manuals, employment
applications, management instructions or promises, etc., this Agreement
shall control.

     9.10 ASSIGNMENT.  Subject to the provisions of Section 7.2,
Unified shall have the right to assign this Agreement to its successors
or assigns (collectively, "Permitted Assignees").  The terms
"successors" and "assigns" shall include for all purposes of this
Agreement (except Sections 1.1(d) and 2.3(a)), any Person that acquires
all or substantially all of Unified's assets or of Unified's stock, or
with which or into which Unified merges or consolidates.

     9.11 INTENDED BENEFICIARIES.  This Agreement shall be binding
upon the Executive, Unified and their respective successors and assigns,
and shall inure to the benefit of the Executive, Unified, each member of
the Unified Group, their respective successors and assigns and Permitted
Assignees.  Nothing herein expressed or implied is intended to confer
upon any Person not named or described in the preceding sentence any
rights, remedies, obligations or liabilities under or by reason of this
Agreement.

     9.12 COUNTERPARTS.  This Agreement may be executed in two or more
counterparts, all of which taken together shall constitute one
instrument.  A signature transmitted by facsimile shall be deemed a
delivery of an original, manually executed counterpart.

           [remainder of this page intentionally left blank]

                                  -19-

<PAGE>
<PAGE>

     IN WITNESS WHEREOF, the Executive and Unified, pursuant to the
authorization from its Executive Committee of the Board, have executed
or caused this Agreement to be executed in its name, all as of the day
and year first above written.

THIS CONTRACT IS GOVERNED BY KENTUCKY LAW AND CONTAINS A BINDING
ARBITRATION PROVISION.  ALL DISPUTES ARISING IN CONNECTION WITH THIS
AGREEMENT ARE SUBJECT TO BINDING ARBITRATION IN LEXINGTON, KENTUCKY.
EACH OF THE EXECUTIVE AND UNIFIED HAS REVIEWED THESE AND THE OTHER
PROVISIONS OF THIS AGREEMENT WITH LEGAL COUNSEL OF HIS OR ITS,
RESPECTIVELY, OWN CHOOSING.

                        "EXECUTIVE"

                        /s/ David F. Morris
                        -----------------------------------------
                        David F. Morris

                        UNIFIED FINANCIAL SERVICES, INC.

                        By: /s/ Timothy L. Ashburn
                           --------------------------------------
                           Timothy L. Ashburn, Chairman,
                           President and Chief Executive Officer

                                  -20-<PAGE>

                            LOAN AGREEMENT
                            --------------

     THIS LOAN AGREEMENT (the "Agreement") is made and entered into
effective as of the 28th day of December, 1999, by and among BANK ONE,
KENTUCKY, NA, a national banking association and its successors and
assigns, whose address is 416 West Jefferson Street, Louisville,
Kentucky 40202 (the "Bank"); UNIFIED FINANCIAL SERVICES, INC., a
Delaware corporation whose address is 220 Lexington Green Circle, Suite
600, Lexington, Kentucky 40503 ("Unified"); and COMMONWEALTH PREMIUM
FINANCE CORPORATION, a Kentucky corporation whose address is 220
Lexington Green Circle, Suite 600, Lexington, Kentucky 40503
("Commonwealth") (Unified and Commonwealth are hereinafter collectively
referred to as "Borrowers").

                               RECITALS
                               --------

     WHEREAS, Unified has applied to Bank for a loan in the amount of
Two Million Two Hundred Ninety-Three Thousand Seven Hundred Fifty and
00/100 Dollars ($2,293,750.00) (the "Term Loan"), which loan shall be
secured by certain assets of Unified.

     WHEREAS, Commonwealth has applied to Bank to renew an existing
revolving line of credit loan in an amount not to exceed the maximum
principal sum of Two Million Five Hundred Thousand and 00/100 Dollars
($2,500,000.00) (the "Renewal Revolving Credit Loan"), which loan shall
be secured by certain assets of Commonwealth and guaranteed by Unified.

     WHEREAS, one of the conditions to the making of the Term Loan and
the Renewal Revolving Credit Loan by Bank is that Unified and
Commonwealth must enter into this Agreement setting forth the terms and
conditions of the Term Loan and the Renewal Revolving Credit Loan, all
of which terms and conditions Unified and Commonwealth acknowledge are
supported by good, valuable and sufficient consideration.

     NOW, THEREFORE, in consideration of the mutual covenants, the
financial accommodations extended to Borrowers, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties do hereby agree to and affirm the foregoing
recitals and further agree as follows:

                               ARTICLE I
                               ---------
                          CERTAIN DEFINITIONS

     1.01 "ADVANCE" means any disbursement of funds to Unified under
the Term Note pursuant to Section 2.01 hereof or to Commonwealth under
the Renewal Revolving Credit Note pursuant to Section 2.02 hereof.

     1.02 "AGREEMENT" means this Loan Agreement, as amended,
supplemented or modified from time to time.

<PAGE>
<PAGE>

     1.03 "BUSINESS DAY" means any Domestic Business Day on which Bank
is open for business.

     1.04 "BORROWING BASE" means the computation of Eligible Net
Premiums as calculated in the Borrowing Base Certificate and Advance
Request attached hereto as EXHIBIT 1.04.
                           ------------

     1.05 "COLLATERAL" means all property which is subject to,
becomes subject to, or is to be subject to the Liens granted by the
Security Agreements or which otherwise becomes security for the Loan.

     1.06 "DEFAULT" OR "EVENT OF DEFAULT" means any of the events
specified in Article VII herein, whether or not any requirement for the
giving of notice, the lapse of time, or both, or any other condition,
has been satisfied.

     1.07 "DOMESTIC BUSINESS DAY" means any day other than a Saturday,
Sunday or other day on which commercial banks in Lexington, Kentucky,
are authorized or required to close under the laws of the Commonwealth
of Kentucky or of the United States.

     1.08 "GUARANTY" means the guaranty dated of even date of the
Renewal Revolving Credit Loan and all of Commonwealth's obligations
under the Loan Documents made, executed and delivered by Unified.

     1.09 "INTEREST COVERAGE RATIO" means a ratio calculated as
follows: net income for the applicable period plus interest expenses
for such period plus income tax expenses for such period divided by
total interest expenses for such period.

     1.10 "INSURANCE PREMIUM FINANCING AGREEMENT ("IPFA")" means the
contract among Commonwealth, the insurance agent and the insured/
borrower in which the insured/borrower grants to Commonwealth a
security interest in all unearned premiums which may be payable under
the insurance policies.

     1.11 "LIEN" means any mortgage, deed of trust, pledge, security
interest, hypothecation, conditional assignment, deposit arrangement,
encumbrance, lien (statutory or other), or preference, priority, or
other security agreement, or preferential arrangement, charge, or
encumbrance of any kind or nature whatsoever (including, without
limitation, any conditional sale or other title retention agreement, any
financing lease having a similar economic effect as any of the
foregoing, and the filing of any financing statement under the Uniform
Commercial Code or comparable law of any jurisdiction to evidence any of
the foregoing), but excluding leases of operating equipment or furniture
in the ordinary course of business.

     1.12 "LOAN DOCUMENTS" means this Agreement, the Notes, the
Guaranty, the Security Agreements, the UCC-1's, and any additional
documents required to be delivered by Unified or

                              Page 2 of 26

<PAGE>
<PAGE>

Commonwealth under this Agreement, or otherwise evidencing, securing
and/or relating to the Loans.

     1.13 "LOANS" means the Term Loan extended by Bank to Unified and
the Renewal Revolving Credit Loan extended by Bank to Commonwealth.

     1.14 "NET PREMIUMS" means the total premiums on IPFA plus all
accrued interest and other finance charges derived thereunder less all
initial premium payments made by insured/borrower thereunder.

     1.15 "NOTES" means the Term Note evidencing the Term Loan
extended by Bank to Unified and the Renewal Revolving Credit Note
evidencing the Renewal Revolving Credit Loan extended by Bank to
Commonwealth.

     1.16 "OBLIGATIONS" means the indebtedness evidenced by the Notes
and all obligations relating to any of the other Loan Documents.

     1.17 "PERSON" means any individual, partnership, corporation,
business trust, joint stock company, trust, unincorporated association,
joint venture, governmental authority, or other entity of whatever
nature.

     1.18 "PRIME RATE" means the variable prime, or primary index,
rate of Bank as announced from time to time by Bank at its principal
office, whether or not such rate is published and which rate may not
necessarily be Bank's lowest or best rate.

     1.19 "RENEWAL REVOLVING CREDIT LOAN" shall have the meaning
assigned to such term in Section 2.02.

     1.20 "RENEWAL REVOLVING CREDIT NOTE" means the note executed by
Commonwealth evidencing the renewal of a revolving line of credit loan
extended by Bank to Commonwealth in an amount not to exceed the maximum
principal sum of Two Million Five Hundred Thousand and 00/100 Dollars
($2,500,000.00).

     1.21 "SECURITY AGREEMENTS" means the Stock Pledge and Security
Agreement from Unified to Bank dated of even date in which Unified
pledges to Bank a first and prior lien on certain securities of Unified
described in Schedule "A" attached thereto, and a Security Agreement
from Commonwealth to Bank dated of even date whereby Commonwealth
assigns and pledges to Bank a first and prior lien on certain assets of
Commonwealth described in Exhibit "A" attached thereto.

     1.22 "TERM LOAN" means shall have the meaning assigned to such
term in Section 2.01.

                              Page 3 of 26

<PAGE>
<PAGE>

     1.23 "TERM NOTE" means the note executed by Unified evidencing
the loan extended by Bank to Unified in the amount of Two Million Two
Hundred Ninety-Three Thousand Seven Hundred Fifty and 00/100 Dollars
($2,293,750.00).

     The definitions set forth above in this Article I are in addition
to, and not in lieu of, any other definitions set forth elsewhere in
this Agreement or the other Loan Documents.

                              ARTICLE II
                              ----------
                     AMOUNT AND TERMS OF THE LOANS,
                   THE COLLATERAL, THE GUARANTY, ETC.

     2.01 The Term Loan.
          -------------

          a.   Terms and Amount.  Bank will enter into the Term Loan
               ----------------
as evidenced by the Term Note in the amount of TWO MILLION TWO HUNDRED
NINETY-THREE THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS
($2,293,750.00).  The interest rate per annum on the outstanding
principal balance of the Term Loan throughout the term of the Term Loan
shall be equal to the Prime Rate.  Interest on the Term Note shall be
computed by applying the ratio of the annual interest rate over a year
of 360 days, multiplied by the outstanding principal balance, multiplied
by the actual number of days the principal balance is outstanding.
Under no circumstances will the interest rate on the Term Note be more
than the maximum rate allowed by applicable law.  Unified shall make
monthly payments of principal in the amount of $100,000 plus all accrued
but unpaid interest beginning on January 28, 2000, and continuing
thereafter on the 28th day of each month until June 30, 2000 (the
"Maturity Date"), at which time all outstanding principal, all accrued
but unpaid interest and all other fees, charges and expenses payable
under the Term Note and the other Loan Documents shall be due and
payable.

          b.   Purpose of the Loan.  The purpose of the Term Loan
               -------------------
is to refinance preexisting debt of subsidiary companies and begin the
payment and amortization of the same.

          c.   No Prepayment Premium.  Unified may prepay the Term
               ---------------------
Note, in whole or in part, without premium or penalty.

          d.   Collateral.  As security for the payment of the Term
               ----------
Loan and in order to secure Unified's obligations to Bank, as well as
all other sums as are recoverable by Bank under the Term Loan and any of
the other Loan Documents, Unified shall execute and deliver to Bank a
Stock Pledge and Security Agreement whereby Unified pledges and conveys
to Bank a security interest in all of Unified's shares of stock in
Equity Underwriting Group, Inc.

          e.   Renewal.  Unified acknowledges that Bank has not
               -------
committed to any renewals or extensions of the Term Loan.

                              Page 4 of 26

<PAGE>
<PAGE>

     2.02 The Renewal Revolving Credit Loan.
          ---------------------------------

          a.   Terms and Amount.  Bank will enter into the Renewal
               ----------------
Revolving Credit Loan as evidenced by the Renewal Revolving Credit Note
in the amount of TWO MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS
($2,500,000.00).  The interest rate per annum on the outstanding
principal balance of the Renewal Revolving Credit Loan throughout the
term of the Renewal Revolving Credit Loan shall be equal to the Prime
Rate.  Interest on the Renewal Revolving Credit Note shall be computed
by applying the ratio of the annual interest rate over a year of 360
days, multiplied by the outstanding principal balance, multiplied by the
actual number of days the principal balance is outstanding.  Under no
circumstances will the interest rate on the Renewal Revolving Credit
Note be more than the maximum rate allowed by applicable law.
Commonwealth shall make monthly payments of all accrued but unpaid
interest beginning on January 28, 2000, and continuing thereafter on the
28th day of each month until June 30, 2000 (the "Maturity Date"), at
which time all outstanding principal, all accrued but unpaid interest
and all other fees, charges and expenses payable under the Renewal
Revolving Credit Note and the other Loan Documents shall be due and
payable.

          b.   Purpose of the Loan.  The purpose of the Renewal
               -------------------
Revolving Credit Loan is solely to provide Commonwealth with working
capital for the financing and/or acquisition of IPFAs and the payments
of premiums to insurance companies.

          c.   Notice and Manner of Borrowing.  On the last day of
               ------------------------------
each calendar month and on each such Business Day that Commonwealth
requests an Advance, Commonwealth shall submit to Bank a Borrowing Base
Certificate and Advance Request substantially in the form attached
hereto as EXHIBIT 1.04.  Provided that (i) all of the applicable
          ------------
conditions set forth in Article III hereof have been fulfilled to
Banks's satisfaction and (ii) Commonwealth has provided Bank with the
Borrowing Base Certificate and Advance Request by 10:00 a.m., Bank will
make Advances under the Renewal Revolving Credit Loan available to
Commonwealth in immediately available funds by crediting the amount
thereof to Commonwealth's account with Bank on the same Business Day.

          d.   No Prepayment Premium.  Commonwealth may prepay the
               ---------------------
Renewal Revolving Credit Note, in whole or in part, without premium or
penalty.

          e.   Guaranty of Unified.  Unified shall guarantee the
               -------------------
payment of the Renewal Revolving Credit Loan and all of Commonwealth's
obligations under the Renewal Revolving Credit Note and any of the other
Loan Documents pursuant to the terms of the Guaranty.

          f.   Collateral.  As security for the payment of the
               ----------
Renewal Revolving Credit Loan and in order to secure Commonwealth's
obligations to Bank, as well as all other sums as are recoverable by
Bank under the Renewal Revolving Credit Loan and any of the other Loan
Documents, Commonwealth shall execute and deliver to Bank a Security
Agreement whereby Commonwealth assigns, pledges and conveys to Bank a
security interest in all of Commonwealth's assets including, but not
limited to, the IPFAs.  As further security for the payment of the
Renewal Revolving Credit Loan and in order to secure Commonwealth's
obligations to Bank, as well as all other sums as are recoverable by
Bank under the Guaranty, the Renewal Revolving Credit Loan and

                              Page 5 of 26

<PAGE>
<PAGE>

any of the other Loan Documents, Unified shall execute and deliver to
Bank a Stock Pledge and Security Agreement whereby Unified pledges and
conveys to Bank a security interest in all of Unified's shares of stock
in Equity Underwriting Group, Inc.

          g.   Renewal.  Commonwealth acknowledges that Bank has
               -------
not committed to any further renewals or extensions of the Renewal
Revolving Credit Loan.

          h.   Readvances of Principal Amounts Paid Prior to
               ---------------------------------------------
Maturity.  Any amounts of principal paid to Bank prior to the Maturity
--------
Date set forth in Section 2.02(a) hereof shall be available for any
subsequent Advance or borrowing by Commonwealth hereunder.

     2.03 Provisions Applicable to Both Loans.
          -----------------------------------

          a.   Method of Payment.  Borrowers shall make each
               -----------------
payment under this Agreement and under the Notes in lawful money of the
United States, to Bank at its Lexington office or such other place as
may be designated by Bank, in immediately available funds during normal
business hours of Bank.  Whenever any payment to be made under this
Agreement or under the Notes shall be stated to be due on a Saturday,
Sunday or a public holiday or banking holiday, such payment shall be
made on the next succeeding Business Day and such extension of time
shall in such case be included in the computation of the payment of
interest.

          b.   Costs and Fees.  Borrowers shall pay to Bank its
               --------------
costs and expenses (including, without limitation, its attorneys' fees,
court costs, litigation and other expenses) incurred or paid by Bank in
negotiating, documenting, administering and enforcing this Agreement and
the Loan Documents and in establishing, maintaining, protecting,
perfecting or enforcing any of Bank's rights or Borrowers' obligations
including, without limitation, any and all such costs and expenses
incurred or paid by Bank in defending Bank's title or right to the
Collateral or in collecting or enforcing payment of the Obligations and
the liquidation of the Collateral, and all costs of filing financing,
continuation or termination statements with respect to the Collateral.

          c.   Late Payments and Late Charges.  If any payment
               ------------------------------
required under either of the Notes is not paid within ten (10) days
after such payment is due, then, at the option of Bank, Unified or
Commonwealth, as applicable, shall pay a late charge equal to five
percent (5.0%) of the amount of such payment or $25.00, whichever is
greater, up to the maximum amount of $750.00 per late charge to
compensate Bank for administrative expenses and other costs of
delinquent payments.  This late charge may be assessed without notice,
shall be immediately due and payable and shall be in addition to all
other rights and remedies available to Bank.

          d.   Default Interest Rate.  Upon the occurrence of any
               ---------------------
Event of Default and during the continuation thereof, and after
maturity, including maturity upon acceleration, Bank, at its option,
may, if permitted under applicable law, do one or both of the following:
(i) increase the interest rate under the Term Note or the Renewal
Revolving Credit Note, as applicable, to the rate that is three percent
(3.0%) above the rate that would otherwise be payable thereunder, and
(ii) add any unpaid accrued interest to principal and such sum shall
bear interest therefrom until paid at the rate provided

                              Page 6 of 26

<PAGE>
<PAGE>

in the Term Note or the Renewal Revolving Credit Note, as applicable,
(including any increased rate).  The interest rate under the Notes shall
not exceed the maximum rate permitted by applicable law under any
circumstances.

                              ARTICLE III
                              -----------
                          CONDITIONS PRECEDENT

     The obligation of Bank to make the initial Advance and any
subsequent Advances under either the Term Note or the Renewal Revolving
Credit Note are subject to (1) the performance of the respective
obligations of Unified and Commonwealth to be performed hereunder at,
prior to or subsequent to the making the Loans, and (2) the satisfaction
of all of the following conditions:

     3.01 Loan Documents.  All of the Loan Documents shall be duly
          --------------
executed by Borrowers and delivered to Bank, all of which shall be in
form and substance reasonably satisfactory to Bank and to counsel for
Bank.

     3.02 Lien Report.  At the sole cost of Borrowers, Bank shall
          -----------
receive a lien report confirming that Bank has a first and prior lien on
all of the property pledged to Bank as Collateral.  Said lien report
shall include a summary of all liens and encumbrances against any of the
property pledged to Bank by either Unified or Commonwealth as
Collateral.

     3.03 Certificate of Borrowers.  Each of the Borrowers shall
          ------------------------
deliver to Bank a Certificate for Borrower, substantially in the form of
EXHIBIT 3.03 hereto with all attachments thereto.
------------

     3.04 Opinions of Counsel.  At the sole cost of Borrowers, Bank
          -------------------
shall receive separate opinions of each of Borrowers' counsel,
substantially in the form of EXHIBIT 3.04 hereto.
                             ------------

     3.05 Representations and Warranties.  Each and every
          ------------------------------
representation and warranty made by Borrowers contained in Article IV
hereof and in any of the Loan Documents shall be substantially true,
complete and accurate as of the making of the Loans.

     3.06 Delivery of Financial Information.  Bank shall receive, on
          ---------------------------------
or before the making of the Loans, all available financial information
of Borrowers as set forth in Section 5.02 hereof.

     3.07 No Defaults.  No Event of Default shall exist as of the
          -----------
making of the Loans which has not been cured to Bank's satisfaction.

     3.08 No Change in Condition.  There shall have been no material
          ----------------------
adverse change in the condition, financial or otherwise, of any of the
Borrowers since the date of the most recent financial statement that has
been furnished to Bank.

     3.09 Compliance with Applicable Laws.  Each of the Borrowers is
          -------------------------------
in compliance, in all material respects, with any and all laws
applicable to their respective businesses.

                              Page 7 of 26

<PAGE>
<PAGE>

     3.10 Additional Closing Deliveries and Payments.  Borrowers
          ------------------------------------------
shall deliver the following to Bank at the Closing, all of which shall
be in form and substance satisfactory to Bank:

          (i)   all appropriate financing statements (Form UCC-1)
covering the Collateral;

          (ii)  executed copies of all documents set forth on Bank's
document checklist for this transaction including, but not limited to,
the Loan Documents; and

          (iii) payment by Borrowers of all of Bank's fees and
expenses incurred in connection with the Loans including, but not
limited to, all reasonable fees and expenses of Bank's counsel and all
recording fees and taxes, if any.

                              ARTICLE IV
                              ----------
                    REPRESENTATIONS AND WARRANTIES

     Borrowers jointly and severally represent and warrant to Bank, as
of the date hereof and as of the date of each subsequent Advance, as
follows:

     4.01 Organization and Qualification.  Unified is a corporation
          ------------------------------
duly organized, validly existing and in good standing under the laws of
the State of Delaware, Commonwealth is a corporation duly organized,
validly existing and in good standing under the laws of the State of
Kentucky, and each has the lawful power to engage in the business each
presently conducts; and each is duly licensed or qualified and in good
standing in each jurisdiction where the nature of the business
transacted by it makes such licensing or qualification necessary.

     4.02 Power and Authority.  Each of the Borrowers has the power
          -------------------
and authority to enter into and carry out the Loan Documents delivered
by it in connection herewith, to execute and deliver such Loan
Documents, and to perform each of its obligations under the Loan
Documents.  Each of the Borrowers has the power and authority to make
the borrowings contemplated hereby and all such actions have been fully
authorized by all necessary proceedings on the part of such Borrower.

     4.03 Validity and Binding Effect.  This Agreement and the other
          ---------------------------
Loan Documents have been duly and validly executed and delivered by the
Borrowers and each of the Borrowers' performance under such Loan
Documents has been duly authorized.  This Agreement and the other Loan
Documents constitute legal, valid and binding obligations of the
Borrowers enforceable in accordance with their respective terms, except
as may be limited by applicable bankruptcy, insolvency, reorganization
or other laws affecting creditors' remedies.  No authorization,
approval, exemption or consent by any governmental or public body or
other authority is required in connection with the authorization,
execution, delivery and carrying out of the terms of the Loan Documents
by any of the Borrowers.

     4.04 No Conflict.  Neither the execution and delivery of the
          -----------
Loan Documents nor the Borrowers' consummation of the transactions
herein or therein contemplated or compliance with the terms and
provisions hereof or thereof will conflict with or result in any default
under or breach or

                              Page 8 of 26

<PAGE>
<PAGE>

violation of (a) the terms and conditions of the Certificate or Articles
of Incorporation, as the case may be, or the By-Laws of either of the
Borrowers; (b) any state or federal law or regulation or any order,
writ, injunction or decree of any court or governmental instrumentality
applicable to either of the Borrowers; or (c) any agreement or
instrument to which either of the Borrowers is a party or to which
either of the Borrowers is subject or which will constitute a default
thereunder or which will result in the creation or enforcement of any
lien, charge or encumbrance whatsoever upon any of the Collateral.

     4.05 Ownership of Collateral.  Each of the Borrowers has good
          ------------------------
and marketable title to all of the personal property serving as
Collateral pledged to Bank by such Borrower as security for the Loans.
Unified has good and marketable title to all of the Collateral pledged
to Bank by Unified as security for the Renewal Revolving Credit Loan.

     4.06 Litigation.  Except as disclosed in writing to Bank prior
          ----------
to the date of this Agreement, there are no actions, suits, proceedings
or investigations pending or threatened against either of the Borrowers
at law or in equity before any court or before any federal, state,
municipal or any governmental department, commission, board, agency or
instrumentality, whether or not covered by insurance, which,
individually or in the aggregate, may result in any materially adverse
effect on the business, property or assets or the condition, financial
or otherwise, of either of the Borrowers or impair either of the
Borrowers' ability to perform their obligations under the Loan
Documents.  Neither of the Borrowers is in violation of or in default
with respect to any order, writ, injunction or any decree of any court
or any federal, state, municipal or other governmental department,
commission or bureau, agency or instrumentality which may result in any
such impairment.

     4.07 No Liens and Encumbrances on Collateral.  Other than those
          ---------------------------------------
Liens which have been previously disclosed to Bank in writing, there are
no security interests, liens, claims, mortgages, or encumbrances upon or
against the Collateral pledged to Bank by Borrowers except the liens in
favor of Bank granted herein.  Assuming Bank receives all of the Loan
Documents which have been properly executed, duly authorized and
properly recorded, Bank shall possess a valid and first priority lien in
the Collateral pledged to Bank by Borrowers.

     4.08 Tax Returns and Taxes.  Each of the Borrowers has filed,
          ---------------------
in a timely fashion and will in the future file in a timely fashion, all
tax returns or reports (federal, state and local) required to be filed
and has paid, and will pay in the future, all taxes, assessments, fees
and governmental charges and levies shown or required to be shown
thereon to be due, including interest and penalties.  Each of the
Borrowers will pay in the future, all real estate and personal property
taxes, license fees and/or assessments due with respect to the
Collateral.  Each of the Borrowers knows of no material additional
assessments for which adequate reserves have not been established, and
each of the Borrowers has made adequate provisions for all current real
estate and personal property taxes relating to the Collateral.

     4.09 General Validity.  No representation or warranty by either
          ----------------
of the Borrowers contained herein or made by either of the Borrowers in
any other Loan Document contains any untrue statement of material fact
or omits to state a material fact necessary in order to make such
representation or

                              Page 9 of 26

<PAGE>
<PAGE>

warranty not misleading in light of the circumstances under which it was
made.  There are no facts which materially and adversely affect the
business, operations, affairs or condition of either of the Borrowers
other than those facts disclosed to Bank in writing prior to the time of
closing or as set forth herein.

     4.10 Financial Statements; No Adverse Change.  The financial
          ---------------------------------------
statements and other documents of the Borrowers previously furnished to
Bank are true, complete and accurate and are not misleading in any
material respect.  There have been no material adverse changes in the
financial condition of either of the Borrowers since the date of the
most recent financial statements that have been furnished to Bank.  All
financial statements and other financial information furnished to Bank
accurately represent the financial condition of the Borrowers as of
their respective dates in all material respects.  Neither of the
Borrowers has any material liabilities, direct or contingent, except as
disclosed in its respective financial statements.

     4.11 Accuracy of Information.  All factual information
          -----------------------
furnished by Borrowers in writing to Bank for purposes of, or in
connection with, this Agreement or the other Loan Documents is true,
complete and accurate in every material respect on the date that such
information was provided to Bank and as of the date of execution and
delivery of this Agreement to Bank.

                              ARTICLE V
                              ---------
                         AFFIRMATIVE COVENANTS

     5.01 Affirmative Covenants Other Than Reporting Requirements for
          -----------------------------------------------------------
Both Borrowers.  Borrowers jointly and severally covenant that, so long
--------------
as either of the Borrowers may borrow or request Advances hereunder and
until payment in full of the Notes and all accrued but unpaid interest
thereon or unless otherwise consented to in writing by Bank, each will
do the following:

          a.   Preservation of Company Existence, etc.  Each of the
               ---------------------------------------
Borrowers shall maintain its existence as a corporation, and its
respective licenses or qualifications and good standing in each
jurisdiction in which its ownership, use or lease of property or the
nature of its business or both makes such licenses or qualifications
necessary.

          b.   Payment of Liabilities, Including Taxes, etc.  Each
               ---------------------------------------------
of the Borrowers shall duly pay and discharge all obligations to which
they are subject or which are asserted against them, promptly as and
when the same shall become due and payable, including all taxes,
assessments and governmental charges upon them or any of their
properties, assets, income or profits, prior to the date on which
penalties attach thereto, except to the extent that such obligations,
including taxes, assessments or charges, are being contested in good
faith by appropriate proceedings diligently conducted and for which such
reserve or other appropriate provisions, if any, has been made as
required by Bank.

          c.   Compliance with Loan Documents, etc.  Each of the
               ------------------------------------
Borrowers shall substantially comply in all material respects with the
terms and conditions of the Loan Documents and all other related
agreements to which any is a party.

                             Page 10 of 26

<PAGE>
<PAGE>

          d.   Collateral Maintenance.  At Borrowers' sole cost,
               ----------------------
each of the Borrowers shall maintain, keep and preserve all tangible
Collateral pledged to Bank in good working order and condition (ordinary
wear and tear and insured casualty damages excepted).

          e.   Keeping of Records and Books of Account.  Each of
               ---------------------------------------
the Borrowers shall maintain and keep proper books of record and account
in accordance with sound accounting practices applied on a consistent
basis and in which full, true and correct entries shall be made of all
of its dealings and business and financial affairs.

          f.   Operation of Business.  Each of the Borrowers shall
               ---------------------
maintain, conduct and operate its business in substantially the same
manner as it has been heretofore maintained, conducted and operated.

          g.   Insurance.  At Borrowers' sole cost, each of the
               ---------
Borrowers shall maintain, or cause to be maintained, insurance with
financially sound and reputable insurance companies reasonably
acceptable to Bank and in such amounts and covering such risks as are
reasonably acceptable to Bank including, without limitation, liability,
property, business interruption, and errors and omissions coverage.

     All insurance policies shall (i) provide that Bank is to receive
thirty (30) days written notice prior to non-renewal or cancellation,
and (ii) be evidenced by a certificate of insurance to be held by Bank.

     In the event Borrower fails to provide, maintain and keep in force
the policies of insurance required by this Agreement, Bank may procure
such insurance for such risks covering Bank's interest, and Borrowers
shall pay all premiums, with interest, promptly upon demand by Bank.

          h.   Compliance with Laws.  Each of the Borrowers has at
               --------------------
all times heretofore and will hereafter comply in all material respects
with all applicable laws, rules, regulations and orders including,
without limitation, all applicable covenants and restrictions of record
and all valid laws, statutes, codes, acts, ordinances, orders,
judgments, decrees, injunctions, rules, regulations, certificates,
franchises, permits, licenses, authorizations, directions and
requirements including, without limitation, the Americans with
Disabilities Act and regulations thereunder and all laws, ordinances,
rules and regulations of all federal, states, county, municipal and
other governments, departments, commissions, boards, courts,
authorities, officials and officers.

          i.   Right of Inspection.  At any reasonable time and
               -------------------
from time to time, each of the Borrowers shall permit Bank and any agent
or representative thereof to examine and make copies of and abstracts
from either of the Borrowers' records and books of account, and visit
its properties and to discuss its affairs, finances, and accounts with
any of its respective officers and directors and its independent
accountants.  Without limiting the foregoing rights of Bank, each of the
Borrowers agrees that without any prior notice to either of the
Borrowers and not more frequently than two (2) times per calendar year,
Bank and its agents and employees may, at Borrowers' sole cost, conduct

                             Page 11 of 26

<PAGE>
<PAGE>
an audit of each of the Borrowers' records and books to determine each
of the Borrowers' compliance with this Agreement and the other Loan
Documents.

     5.02 Reporting Requirements for Commonwealth.  Commonwealth
          ---------------------------------------
covenants that, so long as either of the Borrowers may borrow or request
Advances hereunder and until payment in full of the Notes and all
accrued but unpaid interest thereon or unless otherwise consented to in
writing by Bank, Commonwealth will furnish, or cause to be furnished, to
Bank the following:

          a.   Annual Audited Financial Statements.  Within one
               -----------------------------------
hundred twenty (120) days after the end of each fiscal year, audited
financial statements for Commonwealth prepared and certified by a firm
of independent public accountants of recognized standing acceptable to
Bank, in form and content acceptable to Bank in its reasonable
discretion, which shall include an unqualified annual audit report
consisting of a balance sheet, statement of income, statement of
shareholders' equity, statement of cash flows and notes to financial
statements.  All of the foregoing shall be in reasonable detail and
stating in comparative form the respective amounts for the corresponding
date and period in the prior fiscal year and all such financial
statements shall be prepared in accordance with generally accepted
accounting principles and certified as correct by the chief financial
officer or president of Commonwealth.

          b.   Quarterly Financial Statements.  Within sixty (60)
               ------------------------------
days after the end of each fiscal quarter, company prepared financial
statements for Commonwealth, in form and content acceptable to Bank in
its reasonable discretion, which shall include a balance sheet as of the
end of each such period and an income statement for the period from the
beginning of the current fiscal year to the end of such period.  The
statement shall be certified as correct by the chief financial officer
or president of Commonwealth.

          c.   Covenant Compliance Certificate.  Within sixty (60)
               -------------------------------
days after the end of each fiscal quarter, a Covenant Compliance
Certificate, in the same form as attached hereto as EXHIBIT 5.02 C.,
                                                    ---------------
prepared by Commonwealth and certified as correct by the chief financial
officer or president of Commonwealth.

          d.   Company Activity Summary.  Within sixty (60) days
               ------------------------
after the end of each fiscal quarter, company prepared schedules
summarizing the business activities of Commonwealth and certified as
correct by the chief financial officer or president of Commonwealth.

          e.   Schedule of Cash Receivables from Contracts.  Within
               -------------------------------------------
sixty (60) days after the end of each fiscal quarter, company prepared
schedules of cash receivables from contracts with insureds certified as
correct by the chief financial officer or president of Commonwealth.

          f.   Schedule of Past Due Accounts.  Within sixty (60)
               -----------------------------
days after the end of each fiscal quarter, company prepared account
receivable aging summaries for all accounts that are more than ninety
(90) days past due certified as correct by the chief financial officer
or president of Commonwealth.

                             Page 12 of 26

<PAGE>
<PAGE>

          g.   Monthly Borrowing Base Certificate.  Within fifteen
               ----------------------------------
(15) days after the end of each month or simultaneously with any request
for an Advance, a Borrowing Base Certificate and Advance Request
substantially in the form attached hereto as EXHIBIT 1.04.
                                             ------------

          h.   Notice of Litigation.  Promptly after the commencement
               --------------------
thereof but in any event within thirty (30) days after the service
thereof, notice of all actions, suits, and proceedings before any court
or governmental department, commission, board, bureau, agency, or
instrumentality, domestic or foreign, affecting any of the Borrowers
which, if determined adversely, could reasonably be expected to have a
material and adverse effect on any of the Borrowers' respective
financial conditions, properties, or operations.

          i.   Notice of Events of Default.  As soon as possible
               ---------------------------
and in any event within ten (10) days after the occurrence of any Event
of Default, a written notice setting forth the details of such Event of
Default and the action which is proposed to be taken by Commonwealth
with respect thereto.

     5.03 Reporting Requirements for Unified.  Unified covenants
          ----------------------------------
that, so long as either of the Borrowers may borrow or request Advances
hereunder and until payment in full of the Notes and all accrued but
unpaid interest thereon or unless otherwise consented to in writing by
Bank, Unified will furnish, or cause to be furnished, to Bank the
following:

          a.   Annual Audited Financial Statements.  Within one
               -----------------------------------
hundred twenty (120) days after the end of each fiscal year, audited
financial statements for Unified prepared and certified by a firm of
independent public accountants of recognized standing acceptable to
Bank, in form and content acceptable to Bank in its reasonable
discretion, which shall include an unqualified annual audit report
consisting of a balance sheet, statement of income, statement of
shareholders' equity, statement of cash flows and notes to financial
statements.  All of the foregoing shall be in reasonable detail and
stating in comparative form the respective amounts for the corresponding
date and period in the prior fiscal year and all such financial
statements shall be prepared in accordance with generally accepted
accounting principles and certified as correct by the chief financial
officer or president of Unified.

          b.   Quarterly Financial Statements.  Within sixty (60)
               ------------------------------
days after the end of each fiscal quarter, company prepared financial
statements for Unified, in form and content acceptable to Bank in its
reasonable discretion, which shall include a balance sheet as of the end
of each such period and an income statement for the period from the
beginning of the current fiscal year to the end of such period.  The
statement shall be certified as correct by the chief financial officer
or president of Unified.

     5.04 Minimum Interest Coverage Ratio for Commonwealth.  Commonwealth
          ------------------------------------------------
shall maintain a minimum Interest Coverage Ratio (as defined herein)
of 1.75:1.0, which shall be calculated and reported on a calendar
quarter basis.

                             Page 13 of 26

<PAGE>
<PAGE>

                               ARTICLE VI
                               ----------
                           NEGATIVE COVENANTS

     Borrowers jointly and severally covenant that, so long as either
of the Borrowers may borrow or request Advances hereunder and until
payment in full of the Notes and all accrued but unpaid interest thereon
or unless otherwise consented to in writing by Bank, which consent shall
not be unreasonably withheld, neither of the Borrowers shall permit or
cause any of the following:

     6.01 Liens.  Create, incur, assume or suffer to exist any
          -----
mortgage, security interest, lien or encumbrance whatsoever on any of
the Collateral or assign all or any part of the Collateral to any party
other than Bank, except:

          a.   Bank Liens.  Liens in favor of Bank;
               ----------

          b.   Tax Liens and Contested Liens.  Liens for taxes or
               -----------------------------
assessments or other government charges or levies if not yet due and
payable or, if due and payable, if they are being contested in good
faith by appropriate proceedings diligently conducted;

          c.   Statutory Liens.  Liens imposed by law, such as
               ---------------
mechanics, materialmen, landlords, warehousemen and carrier Liens, and
other similar Liens, securing obligations incurred in the ordinary
course of business which are not past due or which are being contested
in good faith by appropriate proceedings diligently conducted and for
which appropriate reserve or other appropriate provisions, if any, have
been established as required by Bank;

          d.   Liens Not Due and Payable.  Liens under workers'
               -------------------------
compensation, unemployment insurance, social security, or similar
legislation for sums which are not past due;

          e.   Certain Judgment Liens.  Liens consisting of judgment
               ----------------------
or judicial attachment liens (including prejudgment attachment) in
existence less than sixty (60) days after the entry thereof or the
enforcement of which is effectively stayed or payment of which is
covered in full (subject to deductible) by insurance; and

          f.   Ordinary Course Liens.  Liens, deposits, or pledges
               ---------------------
to secure the performance of public or statutory obligations, surety,
stay, appeal, indemnity, performance or other similar bonds, or other
similar obligations arising in the ordinary course of business.

     6.02 Liquidation, Merger or Sale of Assets.  (a) Liquidate,
          -------------------------------------
merge or consolidate with or into any other Person or take any action in
furtherance of any thereof; (b) permit any other Person to consolidate
with or merge into either of the Borrowers; (c) sell, convey, assign,
lease or otherwise transfer or dispose of, in a single transaction or a
series of related transactions, a material part of either of the
Borrowers' assets; (d) change either of the Borrowers' name; or (e)
sell, convey or otherwise transfer any of the Collateral other than in
the ordinary course of business.

                             Page 14 of 26

<PAGE>
<PAGE>

     6.03 Debt Limitations of Commonwealth.  Commonwealth shall not
          --------------------------------
create, incur, assume or suffer to exist any additional indebtedness in
excess of $50,000, without the prior written consent of Bank, except:

          a.   Bank Debt.  Debt payable to Bank under this
               ---------
Agreement and the Revolving Credit Note; or

          b.   Accounts Payable, etc.  Accounts payable to trade
               ----------------------
creditors in accordance with prior practice including, without
limitation, amounts payable under service contracts and for goods or
services incurred in the ordinary course of business that are paid
within the specified time, unless contested in good faith and by
appropriate proceedings diligently conducted.

     6.04 No Dividends by Commonwealth.  Commonwealth shall not
          ----------------------------
declare or pay any dividends, payable in cash, property, stock or
otherwise, with respect to Commonwealth's outstanding common stock
throughout the term of this Agreement without the prior written consent
of Bank.

                              ARTICLE VII
                              -----------
                           EVENTS OF DEFAULT

     Each of the following shall be an Event of Default under this
Agreement:

     7.01 Payment Default.  Either of the Borrowers fails to pay any
          ---------------
installment of interest on the Notes after its due date without notice
from Bank, or any other sum due to Bank under any of the Loan Documents,
within ten (10) days following notice that the same is due and payable.

     7.02 Default in Other Obligations to Bank.  The occurrence of a
          ------------------------------------
material default and the expiration of the applicable cure period, if
any, under any of the Loan Documents or any other obligation of either
of the Borrowers to or with Bank, whether now or hereafter arising.

     7.03 Breach of Representation or Warranty.  Any representation
          ------------------------------------
or warranty made or deemed made by any of the Borrowers in this
Agreement, the Loan Documents, or in any certificate, document, opinion,
or financial or other statement furnished at any time under or in
connection with any Loan Document proves to have been incorrect in any
material respect on or as of the date made or deemed made.

     7.04 Breach of Covenant.  Any of the Borrowers fails to perform
          ------------------
or observe any term, covenant or agreement on their part to be performed
or observed in any of the Loan Documents (other than a failure to pay
any sum to Bank when due) to which any of them is a party and such
failure shall continue for a period of thirty (30) days after written
notice to Unified or Commonwealth, as applicable, from Bank describing
the nature of the failure; provided, however, that an Event of Default
shall occur immediately and without the thirty (30) day cure period if
any such failures relate to the provisions contained in Sections 6.02 or
9.21 of this Agreement.

                             Page 15 of 26

<PAGE>
<PAGE>

     7.05 Insolvency.  Either of the Borrowers (i) is unable to, or
          ----------
admits in writing its inability to, pay its debts as such debts become
due; (ii) makes an assignment for the benefit of creditors, petitions or
applies to any tribunal for the appointment of a custodian, receiver or
trustee for them or a substantial part of its assets; (iii) commences
any proceeding under any bankruptcy, reorganization, arrangements,
readjustment of debt, dissolution, or liquidation law or statute of any
jurisdiction whether now or hereafter in effect; (iv) has any such
petition or application filed or any such proceeding commenced against
it in which an order for relief is entered or adjudication or
appointment is made and which remains undismissed for a period of sixty
(60) days or more; (v) by any act or omission, indicates its consent to,
approval of, or acquiescence in any such petition, application, or
proceeding, or order for relief, or the appointment of a custodian,
receiver, or trustee for all or any substantial part of its properties;
(vi) suffers any such custodianship, receivership, or trusteeship to
continue undischarged for a period of sixty (60) days or more; or (vii)
becomes insolvent in that its total assets are in the aggregate less
than all of its liabilities.

     7.06 Unpaid Judgments.  One or more final judgments, decrees,
          ----------------
or orders for the payment of money in excess of Fifty Thousand Dollars
($50,000.00) in the aggregate shall be rendered against any of the
Borrowers and such judgments, decrees or orders shall continue
unsatisfied and in effect for a period of thirty (30) consecutive days
without being vacated, discharged, satisfied or stayed or bonded pending
appeal.

     7.07 Invalid Documents.  Any of the Loan Documents shall at any
          -----------------
time after their execution and delivery and for any reason, other than
payment in full of the obligations so secured, cease (i) to create a
valid and perfected first priority security interest in and to the
Collateral; or (ii) to be in full force and effect, and such matter is
not fully corrected or resolved to Bank's satisfaction within thirty
(30) days after written notice with respect thereto from Bank.

     7.08 Sale of Collateral.  Any of the Borrowers sells, transfers
          ------------------
or conveys any interest whatsoever in any of the Collateral (unless such
Collateral is replaced in the ordinary course of business or is
obsolete) without the prior written consent of Bank.

     7.09 Unauthorized Liens on Collateral.  Any further Lien is
          --------------------------------
placed on any of the Collateral which is the subject of the Loan
Documents (except to the extent and in the manner provided for in this
Agreement), without the prior written consent of Bank.

     7.10 Termination of Borrower.  If either of the Borrowers takes
          -----------------------
any action that is intended to result in such Borrower's termination,
dissolution or liquidation.

                              ARTICLE VIII
                              ------------
                REMEDIES OF BANK IN THE EVENT OF DEFAULT

     8.01 Acceleration, etc.  Upon the occurrence of any Event of
          ------------------
Default set forth above and without further notice to Borrowers, Bank
may (i) declare its obligation to make Advances under the Notes and this
Agreement to be terminated, whereupon the same shall forthwith
terminate; (ii) declare the outstanding principal balance owing under
the Notes, all accrued but unpaid interest

                             Page 16 of 26

<PAGE>
<PAGE>

thereon, and all other amounts payable under any of the Loan Documents
or otherwise to be forthwith due and payable, whereupon the Notes, all
such interest, and all such amounts shall become and be immediately due
and payable without presentment, demand, protest, or further notice of
any kind, all of which are hereby expressly waived by Borrowers, without
any action on the part of Bank; (iii) avail itself of any and all
remedies available to it in any of the Loan Documents including, without
limitation, the appointment of receivers for the Collateral; and (iv)
avail itself of any and all other or additional remedies available by
law or in equity.

     8.02 Enforcement of Rights.  Upon the occurrence of any Event
          ---------------------
of Default, Bank shall have the right to proceed to protect and enforce
its rights by suit in equity, action at law and/or other appropriate
proceedings either for specific performance of any covenant or condition
contained in this Agreement or in any of the other Loan Documents, or in
aid of the exercise of any power granted in this Agreement or any of the
other Loan Documents.

     8.03 Foreclosure, Repossession and Sale of Collateral.  Bank
          ------------------------------------------------
shall have full power and authority to proceed to exercise any one or
more of the rights accorded to it by the Uniform Commercial Code of the
Commonwealth of Kentucky or otherwise accorded to it by law, including
the foreclosure and repossession of the Collateral.  Upon the occurrence
of any Event of Default, the rights of either of the Borrowers to use,
sell, substitute, exchange or exercise any other rights relating to the
Collateral and all proceeds thereof and income therefrom shall
automatically terminate without notice and Bank shall thereafter be
entitled to foreclose, take possession of, receive, sell and collect the
same.  The Collateral and the proceeds of any sale thereof may be
applied by Bank, in its sole discretion, against the Notes or any other
liabilities or obligations owed to Bank, and Bank may first apply the
proceeds of such disposition to any and all expenses including, without
limitation, advertising and storage costs and reasonable attorneys' fees
and legal costs, incurred by Bank in connection with or arising out of
such disposition.  Bank may send any written notice required by this
Section 8.03 in the manner set forth in Section 9.04 hereof.  Borrowers
agree that ten (10) days notice by Bank to such Borrower is reasonable
notice of any sale of Collateral consisting of personal property.  Bank
shall have the right to sell that portion of the Collateral which is
personal property at either public or private sale and shall have the
right to bid upon and purchase any of the Collateral at any sale.

     8.04 Right to Proceed in Any Order.  Upon the occurrence of any
          -----------------------------
Event of Default, Bank shall be entitled to exercise any and all of its
rights and remedies in any order against the Borrowers and the
Collateral as Bank determines in its sole discretion.

     8.05 Waiver of Marshaling of Assets.  Borrowers waive any
          ------------------------------
requirement of marshaling of assets and all other legal or equitable
doctrines which might otherwise require Bank to proceed against any
Persons or any Collateral in any particular order.

     8.06 Remedies Cumulative; No Waiver of Rights by Bank.  Upon
          ------------------------------------------------
the occurrence of any Event of Default, Bank may choose to exercise and
enforce any of its rights or remedies, or decline to exercise and
enforce any of its rights or remedies, in Bank's sole discretion.  The
failure of Bank to exercise and enforce any rights or remedies shall not
prevent Bank from thereafter exercising or

                             Page 17 of 26

<PAGE>
<PAGE>

enforcing any such rights or remedies, nor shall such failure release
any Person or property with respect to which Bank has any rights or
remedies or in any way limit or diminish Bank's rights with respect to
any such property or Person.  All of Bank's rights and remedies shall be
cumulative to the greatest extent permitted by law, may be exercised
successively or concurrently, at any time and from time to time, and
shall be in addition to all of those rights and remedies afforded Bank
at law, in equity, or in bankruptcy.  Any exercise of any right or
remedy shall not be deemed to be an election of that right or remedy to
the exclusion of any other right or remedy.  Bank shall be entitled to
recover from the cumulative exercise of all remedies the sum of: (a) the
outstanding principal amount of the Notes; (b) all accrued but unpaid
interest with respect to the principal amount of the Notes; (c) any
other amounts that either of the Borrowers are required by the Loan
Documents to pay to Bank (for example and without limitation, the
reimbursement of all reasonable expenses, legal fees and late charges);
and (d) any costs, expenses or damages which Bank is otherwise permitted
to recover under the terms of the Loan Documents, or at law or in
equity.

     8.07 Application of Payments and Proceeds of Sale.  All payments
          --------------------------------------------
from Borrowers to Bank under the Notes or any of the other Loan
Documents, and all payments to Bank from the sale or other disposition
of Collateral, shall be applied by Bank in its discretion as follows:
(a) to the payment of the costs and expenses of Bank and the reasonable
fees and expenses of its counsel in connection with the administration
or enforcement of Bank's rights and remedies against either of the
Borrowers, the Collateral and sale or collection thereof; (b) to the
payment in full of all loan obligations referred to under the Loan
Documents applying such amounts first to accrued but unpaid interest and
then to principal; and (c) the balance, if any, to Borrowers or to any
third party entitled thereto.

     8.08 No Obligation to Preserve Collateral.  Upon the occurrence
          ------------------------------------
of any Event of Default, Bank may, at its option, demand, sue for,
collect, preserve or make any compromise or settlement it deems
desirable with reference to the Collateral.  Bank shall not be bound to
take any steps necessary to preserve the Collateral against other
parties, which steps each of the Borrowers expressly agree to undertake.

     8.09 Right of Set Off.  Upon the occurrence and during the
          ----------------
continuance of any Event of Default, Bank is hereby authorized, at any
time and from time to time, without notice to any of the Borrowers (any
such notice being expressly waived), to set off and apply any and all
deposit balances (other than trust, restricted or fiduciary accounts) at
any time held and other indebtedness at any time owing by Bank to or for
the credit or the account of any Borrower against any and all of the
obligations of any Borrower now or hereafter existing under this
Agreement, the Notes or any other Loan Document, irrespective of whether
or not Bank shall have made any demand under this Agreement or the Notes
or such other Loan Document and although such obligations may be
unmatured.  Bank agrees to promptly notify such Borrower after any such
set off and application, provided that the failure to give such notice
shall not affect the validity of such set off and application.  The
rights of Bank under this section are in addition to other rights and
remedies (including, without limitation, other rights of set off) which
Bank may have.

                             Page 18 of 26

<PAGE>
<PAGE>

     8.10 Cash Collateral.  All income and proceeds from any of the
          ---------------
Collateral shall be considered "cash collateral" as defined under the
terms of the United States Bankruptcy Code and Borrowers shall not have
the right to use any of the cash collateral without first receiving
leave from a bankruptcy court of competent jurisdiction and venue.

                              ARTICLE IX
                              ----------
                             MISCELLANEOUS

     9.01 No Implied Waiver; Cumulative Remedies; Writing Required.
          --------------------------------------------------------
No delay or failure of Bank in exercising any right, power or remedy
hereunder shall operate as a waiver thereof; nor shall any single or
partial exercise thereof or any abandonment or discontinuance of steps
to enforce such a right, power or remedy preclude any other or further
exercise thereof or the exercise of any other right, power or remedy.
The rights and remedies provided hereunder are cumulative and not
exclusive of any rights or remedies (including, without limitation, the
right of specific performance) which Bank would otherwise have.  Any
waiver, permit, consent or approval of any kind or character on the part
of Bank of any breach or default under this Agreement, the Notes or any
other Loan Documents or any such waiver of any provision or condition
hereof or thereof must be in writing and shall be effective only to the
extent specifically set forth in such writing.  Borrowers acknowledge
that with respect to this Agreement and its terms, Borrowers are neither
authorized nor entitled to rely on any representations, modifications or
assurances in any form or as to any subject from any officer of Bank
unless and until such representation, modification or assurance is set
forth in writing and signed by such officer of Bank.

     9.02 Taxes.  Borrowers agree to pay or cause to be paid any and
          -----
all stamp, document, transfer or recording taxes, and similar
impositions payable or hereafter determined to be payable in connection
with this Agreement and any other Loan Document or other documents,
instruments or transactions pursuant to or in connection herewith, and
agree to save Bank harmless from and against any and all present or
future claims or liabilities with respect to or resulting from any delay
in paying or omission to pay, any such taxes or similar impositions.

     9.03 Holidays.  Whenever any payment or action to be made or
          --------
taken hereunder or under the Notes shall be stated to be due on a day
which is not a Business Day, such payment or action shall be made or
taken on the next succeeding Business Day.

     9.04 Notices.  All notices and other communications given to or
          -------
made upon any party hereto in connection with this Agreement or any of
the other Loan Documents shall, except as herein or therein otherwise
expressly provided, be in writing and mailed, faxed or delivered to the
addresses set forth below the signatures of the parties hereto or at
such other address as shall be specifically designated by any such
party. All such notices or other communications shall be effective, if
mailed, when deposited in the U.S. mail, first class postage prepaid; if
faxed, when faxed; or if delivered, when delivered.

     9.05 [intentionally omitted]

                             Page 19 of 26

<PAGE>
<PAGE>

     9.06 Time of Essence.  Time shall be of the essence as to all
          ---------------
provisions of this Agreement.

     9.07 Severability.  The provisions of this Agreement are
          ------------
severable, and if any clause or provision of this Agreement shall be
held invalid or unenforceable in whole or in part, then such clause or
provision shall be ineffective to the extent of such invalidity or
unenforceability without in any manner affecting the validity or
enforceability or the remaining provisions hereof.

     9.08 Governing Law.  This Agreement, the Notes and the other
          -------------
Loan Documents and the rights and obligations of the parties hereto and
thereto shall be governed by and construed and enforced in accordance
with the substantive law of the Commonwealth of Kentucky.

     9.09 Survival.  All representations, warranties, covenants and
          --------
agreements contained herein, in the Loan Documents or any other
agreement, certificate or instrument delivered pursuant hereto or made
in writing in connection herewith or therewith shall survive the
execution and delivery hereof and thereof, the making of the Loan
hereunder and the issuance of the Notes and shall continue in full force
and effect so long as Borrowers may borrow or request Advances and until
payment in full of Borrowers' obligations hereunder and under the Notes.
Provided, however, those provisions contained in Sections 9.11, 9.12,
9.18 and 9.20 shall survive the payment of the Notes.

     9.10 Benefit and Binding Effect of Agreement.  This Agreement
          ---------------------------------------
shall be binding upon and inure to the benefit of Bank, Borrowers and
their respective successors and assigns, except that Borrowers may not
assign or transfer their rights hereunder or any interest herein without
the prior written consent of Bank.

     9.11 JURY WAIVER.  BORROWERS AND BANK HEREBY VOLUNTARILY,
          -----------
KNOWINGLY, IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A
JURY PARTICIPATE IN RESOLVING ANY DISPUTE (WHETHER BASED UPON CONTRACT,
TORT OR OTHERWISE) BETWEEN OR AMONG THEM ARISING OUT OF OR IN ANY WAY
RELATED TO THIS DOCUMENT, ANY OTHER LOAN DOCUMENT OR ANY RELATIONSHIP
BETWEEN BANK AND BORROWERS.  THIS PROVISION IS A MATERIAL INDUCEMENT TO
BANK TO PROVIDE THE FINANCING DESCRIBED HEREIN OR IN THE OTHER LOAN
DOCUMENTS.

     9.12 Jurisdiction and Venue; Service.  Subject to Section 9.20,
          -------------------------------
the parties agree that the sole proper venue for the determination of
any litigation commenced by Bank against any Borrower or any Borrower
against Bank on any basis shall be in a court of competent jurisdiction
which is located in Fayette County, Kentucky, and the parties hereby
expressly declare that any other venue shall be improper and Borrowers
expressly waive any right to a determination of any such litigation
against Bank by a court in any other venue.  Each Borrower further
agrees that service of process by any judicial officer or by registered
or certified U.S. mail shall establish personal jurisdiction over
Borrowers and Borrowers waive any rights under the laws of any state to
object to jurisdiction within the Commonwealth of Kentucky.  Provided,
however, nothing contained in this section shall prevent Bank from
bringing an action within another state in order to enforce its rights
in the Collateral which may be located in another state.  Initiating
such proceedings or taking such action in any other

                             Page 20 of 26

<PAGE>
<PAGE>

state shall in no event constitute a waiver of the agreement contained
herein that the laws of the Commonwealth of Kentucky shall govern the
rights and obligations of the parties hereunder or of the submission
herein made by each Borrower to personal jurisdiction within the
Commonwealth of Kentucky.  The aforesaid means of obtaining personal
jurisdiction and perfecting service of process are not intended to be
exclusive, but are cumulative and in addition to all other means of
obtaining personal jurisdiction and perfecting service of process now or
hereafter provided by the laws of the Commonwealth of Kentucky or by any
other state in an action brought by Bank in such state.

     9.13 No Third Party Beneficiaries.   All conditions on the
          ----------------------------
obligations of any party hereunder, including the obligation of Bank to
make Advances, are imposed solely and exclusively for the benefit of the
other parties to this Agreement and Bank's successors and assigns. No
other Person shall have standing to require satisfaction of such
conditions in accordance with their terms or be entitled to assume that
Bank will refuse or decline to make Advances in the absence of strict
compliance with any or all thereof, and no other Person shall, under any
circumstances, be deemed to be a beneficiary of such conditions, any and
all of which may be freely waived in whole or in part by the respective
party to whom the performance of any such condition shall run at any
time if, in the sole discretion of such party, it deems it desirable to
do so, or if it fails to do so for any other reason.

     9.14 Relationship of the Parties.  All of the parties herein
          ---------------------------
intend that the relationship between them be solely that of creditor and
debtor.  Nothing contained in the Loan Documents shall be deemed or
construed to create a partnership, fiduciary relationship, joint venture
or co-ownership by or between the parties herein.  Bank shall not in
anyway be responsible or liable for the debts, losses, obligations or
duties of either of the Borrowers.  All obligations to pay property or
other taxes, assessments, insurance on the Collateral and all other fees
and charges arising from the ownership and operation of the assets of
Borrowers shall be the sole responsibility of Borrowers.

     9.15 Bank's Performance of Borrowers' Covenants and Duties.
          -----------------------------------------------------
Should Borrowers fail to perform any of their covenants, duties and
agreements in accordance with the terms hereof and an Event of Default
shall thereby result, Bank may, at its election and at Borrowers' sole
expense, perform or attempt to perform such covenant, duty or agreement
on behalf of Borrowers, but in no event shall Bank have any obligation
to do so.  Borrowers shall, at the request of Bank, promptly pay, upon
demand, any reasonable amount expended by Bank in such performance or
attempted performance to Bank, together with interest thereon at the
default rate under the Notes from the date such amount was requested by
Bank to be paid until paid; provided that Bank does not assume and shall
never have, except by a subsequent, express written undertaking by Bank,
any liability for the performance of any duties of Borrowers under or in
connection with all or any part of the Collateral.  Bank shall be
subrogated to all rights, titles, liens and security interests securing
the payment of any debt, claim, tax or assessment for the payment of
which Bank may make an advance or that Bank may pay.

     9.16 Course of Dealing; Waiver.  No course of dealing in
          -------------------------
respect of, or any omission or delay in the exercise of, any right,
power, remedy or privilege by Bank shall operate as a waiver

                             Page 21 of 26

<PAGE>
<PAGE>

thereof, nor shall any right, power, remedy or privilege of Bank be
exclusive of any other right, power, remedy or privilege referred to
herein or in any related document or now or hereafter available at law,
in equity, in bankruptcy, by statute or otherwise.  No waiver or consent
granted by Bank with respect to any of the Loan Documents or related
writing shall be binding upon Bank, unless specifically granted in
writing by a duly authorized officer of Bank, which writing shall be
strictly construed.

     9.17 Absence of Oral Representations.  Each of the Borrowers
          -------------------------------
represents and warrants that no promises, assurances or commitments have
been made to either of them by Bank or have been relied on by either of
them regarding any extension, renewal or future financing.  Each of the
Borrowers understands and agrees that Bank is entitled to enforce all of
the Loan Documents strictly in accordance with their terms, and any
commitment or obligation to extend or renew any financing or provide
additional financing shall not be binding on Bank, except to the extent
contained in a writing signed by every Person who is to be bound
thereby.  Borrowers further acknowledge that (i) Bank does not presently
anticipate renewing, extending or further modifying the financing
referenced in this Agreement, and (ii) Bank anticipates the Notes will
be fully paid in accordance with its terms on or before maturity.
Borrowers each agree and represent to Bank (which representation
Borrowers acknowledge Bank is relying on in executing this Agreement)
that they will not rely on any (i) commitment or representation from
Bank with respect to any future financing including, but not limited to,
renewals, extensions and modifications, unless signed in writing by
Bank, and (ii) waiver of any right existing at any time, and from time
to time, either now or in the future, except to the extent evidenced by
a writing signed by the person affecting such waiver.

     9.18 Indemnity.  Borrowers shall indemnify and hold Bank
          ---------
harmless against any loss suffered or liability incurred by Bank on
account of any damage to the person or property of the parties hereto or
to third parties by reason of the operation of Borrowers' businesses, or
otherwise arising out of or connected to the conduct of any Borrower or
their officers, managers, directors, employees or agents, in connection
with any matters which are the subject of this Agreement.

     9.19 References.  Any and all references in this Agreement to
          ----------
any document or documents shall be references to such document or
documents as the same may from time to time be modified, amended,
renewed, consolidated or extended, with the consent of Bank.

     9.20 Arbitration.  Borrowers and the Bank agree that, upon the
          -----------
written demand of either party, whether made before or after the
institution of any legal proceedings but prior to the rendering of any
judgment in that proceeding, all disputes, claims and controversies
between them, whether individual, joint, or class in nature, arising
from any of the Loan Documents or otherwise including, without
limitation, contract disputes and tort claims, shall be resolved by
binding arbitration pursuant to the Commercial Rules of the American
Arbitration Association.  Any arbitration proceeding held pursuant to
this arbitration provision shall be conducted at the city nearest
Commonwealth's address having a AAA office or at any other location
selected by mutual agreement of the parties.  No act to take or dispose
of any Collateral shall constitute a waiver of this arbitration
agreement or be prohibited by this arbitration agreement.  This
arbitration provision shall not limit the right of either party during
any dispute, claim or controversy to seek, use and employ ancillary, or
preliminary

                             Page 22 of 26

<PAGE>
<PAGE>

rights and/or remedies, judicial or otherwise, for the purposes of
realizing upon, preserving, protecting, foreclosing upon or proceeding
under forcible entry and detainer for possession of, any real or
personal property, and any such action shall not be deemed an election
of remedies.  Such remedies include, without limitation, obtaining
injunctive relief or a temporary restraining order, invoking power of
sale under any deed of trust or mortgage, obtaining a writ of attachment
or imposition of a receivership, or exercising any rights relating to
personal property, including exercising the right of set-off, or taking
or disposing of such property with or without judicial process pursuant
to Article 9 of the Uniform Commercial Code or when applicable, a
judgment by confession of judgment.  Any disputes, claims or
controversies concerning the lawfulness or reasonableness of an act, or
exercise of any right or remedy concerning any Collateral, including any
claim to rescind, reform or otherwise modify any agreement relating to
the Collateral, shall also be arbitrated; provided, however, that no
arbitrator shall have the right or the power to enjoin or restrain any
act of any party.  Judgment upon any award rendered by any arbitrator
may be entered in any court having jurisdiction.  Nothing in this
arbitration provision shall preclude any party from seeking equitable
relief from a court of competent jurisdiction.  The statute of
limitations, estoppel, waiver, laches and similar doctrines which would
otherwise be applicable in a legal action brought by a party shall be
applicable in any arbitration proceeding, and the commencement of an
arbitration proceeding shall be deemed the commencement of a legal
action for these purposes.  The Federal Arbitration Act (Title 9 of the
United States Code) shall apply to the construction, interpretation, and
enforcement of this arbitration provision.

     9.21 Assignments.  Borrowers may not assign their respective
          -----------
rights under any of the Loan Documents to any other party.  Any
attempted assignment shall be a default under this Agreement and shall
be null and void.  The Bank shall have the right and ability, upon not
less than fifteen (15) days prior written notice to (but without the
requirement for any consent from) Borrower, to sell, assign or transfer
all or any part of its rights and/or obligations under this Agreement,
and/or to participate its rights and obligations under this Agreement
with other institutional lenders, and/or to sell participation or
participating interests in its rights and/or obligations under this
Agreement to other institutional lenders.  In furtherance thereof, the
Bank shall have the right to provide to any Person who expresses an
interest in becoming such a buyer, assignee, transferee, participant
and/or purchaser, or who actually does become such a buyer, assignee,
transferee, participant and/or purchaser, such information concerning
the financial condition, business and other affairs of the Borrowers as
the Bank may deem appropriate in the circumstances.  Borrowers hereby
authorize all such disclosures.

     9.22 Waivers by Borrowers.  Borrowers hereby waive, to the
          --------------------
extent permitted by applicable law, (a) all presentments, demands for
performance, notices of nonperformance (except to the extent
specifically required by the Loan Documents), protests, notices of
protest and notices of dishonor in connection with the Notes; and (b)
any requirement of diligence or promptness on the part of Bank in
enforcement of its rights under the provisions of any of the Loan
Documents.

     9.23 Incorporation by Reference.  All schedules, annexes or
          --------------------------
other attachments to this Agreement are incorporated into this Agreement
as if set out in full at the first place in this Agreement that
reference is made thereto.

                             Page 23 of 26

<PAGE>
<PAGE>

     9.24 Headings.  The headings used in this Agreement are
          --------
included for ease of reference only and shall not be considered in the
interpretation or construction of this Agreement.

     9.25 Counterpart Execution.  This Agreement may be signed by
          ---------------------
each party upon a separate copy, and in such case one counterpart of
this Agreement shall consist of enough of such copies to reflect the
signature of each party.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, and it shall
not be necessary in making proof of this Agreement or the terms thereof
to produce or account for more than one of such counterparts.

     9.26 Acknowledgment.  Borrowers acknowledge that Borrowers have
          --------------
received a copy of each of the Loan Documents, as fully executed by the
parties thereto.  Borrowers acknowledge that Borrowers (a) have READ THE
LOAN DOCUMENTS OR HAVE CAUSED SUCH DOCUMENTS TO BE EXAMINED BY THE
BORROWERS' REPRESENTATIVES OR ADVISORS; (b) are thoroughly familiar with
the transactions contemplated in this Agreement and the other Loan
Documents; and (c) have had the opportunity to ask such questions to
representatives of the Bank, and receive answers thereto, concerning the
terms and conditions of the transactions contemplated in the Loan
Documents as the Borrowers deem necessary in connection with their
decision to enter into this Agreement.

     9.27 Year 2000 Compliance.
          --------------------
          (a)  Representation and Warranties.  Borrowers represent
               -----------------------------
and warrant to Bank as follows: (i) as of the date of any request for an
Advance under the Loan Documents; (ii) as of the date of any renewal,
extension or modification of the Loan Documents; and (iii) at all times
that the Loan Documents or Bank's commitment to make advances under the
Loan Documents is outstanding all devices, systems, machinery,
information technology, computer software and hardware, and other date
sensitive technology (jointly and severally the "Systems") necessary for
them to carry on their businesses as presently conducted and as
contemplated to be conducted in the future are Year 2000 Compliant or
will be Year 2000 Compliant with a period of time calculated to result
in no material disruption of any of their business operations.  For
purposes of these provisions, "Year 2000 Compliant" means that such
Systems are designed to be used prior to, during and after the Gregorian
calendar year 2000 A.D. and will operate during such time period without
error relating to date data, specifically including any error relating
to, or the product of, date data which represents or referenced
different centuries or more than on century.

          (b)  Affirmative Covenants.  Borrowers covenant and agree
               ---------------------
with Bank that, while any Loan Document is in effect, Borrowers will:

               i.   Furnish such additional information, statements
and other reports with respect to their activities, course of action and
progress towards becoming Year 2000 Compliant as Bank may request from
time to time;

               ii.  In the event of any change in circumstances that
causes or will likely cause any of their representations and warranties
with respect to either of them being or becoming Year 2000 Compliant to
no longer be true (hereinafter referred to as a "Change in
Circumstances")

                             Page 24 of 26

<PAGE>
<PAGE>

promptly, and in any event within ten (10) days of receipt of
information regarding a Change in Circumstances, provide Bank with
written notice (the "Notice") that describes in reasonable detail the
Change in Circumstances and how such Change in Circumstances caused or
will likely cause Borrowers' representations and warranties with respect
to being or becoming Year 2000 Compliant to no longer be true.
Borrowers shall, within ten (10) days of a request, also provide Bank
with any additional information that Bank requests in connection with
the Notice and/or Change of Circumstances; and

               iii.  Give any representative of the Bank access
during all business hours, and permit such representative to examine,
copy or make excerpts from, any and all books, records and documents in
the possession of any Borrower and relating to its affairs, and to
inspect any of the properties and Systems and to project test the
Systems to determine if they are Year 2000 Compliant in an integrated
environment, all at the sole cost and expense of Bank.

     9.28 Entire Agreement.  This Agreement constitutes the entire
          ----------------
agreement and the understanding between and among the parties with
respect to the subject matter hereof and this Agreement supersedes all
previous and contemporaneous negotiations and agreements between the
parties and no parole evidence of any prior or other agreements shall be
permitted to contradict or vary the terms hereof.  Borrowers acknowledge
that there have been no promises for additional extensions of time for
payment of the Notes nor have there been any agreements made to provide
additional funding to any party hereto.

     IN WITNESS WHEREOF, the parties hereto have executed this
Agreement effective as of the date first set forth above.

                              BANK ONE, KENTUCKY, NA,
                              a national banking association

                              BY: /s/ Mark Boison
                                 --------------------------------------

                              TITLE: First Vice President
                                    -----------------------------------
                                                                 "BANK"

                              UNIFIED FINANCIAL SERVICES, INC.,
                              a Delaware corporation

                              BY: /s/ John S. Penn
                                 --------------------------------------

                              TITLE: Executive Vice President
                                    -----------------------------------
                                                              "UNIFIED"

                             Page 25 of 26

<PAGE>
<PAGE>

                              COMMONWEALTH PREMIUM FINANCE
                              CORPORATION, a Kentucky corporation

                              BY: /s/ John R. Owens
                                 --------------------------------------

                              TITLE: Vice President
                                    -----------------------------------
                                                         "COMMONWEALTH"

                             Page 26 of 26

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