Document:

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                                                                  EXHIBIT 10.X.1

                         PROFESSIONAL SERVICES AGREEMENT

         This Agreement is entered into as of this 31st day of December 2001, by
and between Britton White Jr., an individual of Houston, Texas (hereinafter
"Contractor") and EL PASO CORPORATION, a Delaware corporation (together with its
subsidiaries and affiliates, pension and retirement plans and trusts, "El Paso"
or "Company") (collectively, the "Parties" and individually, a "Party").

         WHEREAS, Contractor is currently an employee and serves as an officer
of the Company, and El Paso and Contractor have agreed that Contractor's
employment relationship with the Company will terminate effective upon his
retirement from the Company on December 31, 2001 (the "Termination Date"); and

         WHEREAS, Contractor agrees to resign any and all officer and director
positions with the Company and its affiliates, including pension and retirement
plans and trusts, effective as of the Termination Date; and

         WHEREAS, Contractor and El Paso are parties to an employment agreement
dated February 22, 1991 (the "Employment Agreement"), and the parties hereby
agree that said Employment Agreement is terminated effective December 31, 2001,
with no remaining obligations of either party under the Employment Agreement;
and

         WHEREAS, El Paso desires for Contractor to perform certain work and
services for El Paso subsequent to the Termination Date as an independent
contractor of El Paso.

         NOW, THEREFORE, for and in consideration of the sums to be paid
hereunder, the mutual covenants and promises to be kept, observed and performed,
and other good and valuable considerations, the receipt and sufficiency of which
are hereby acknowledged and confessed, Contractor and El Paso do hereby agree as
follows:

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1. STATUS OF CONTRACTOR.

         Effective on the Termination Date, Contractor's status as an employee
of El Paso will end. The Parties intend that Contractor shall perform work and
services for El Paso in the capacity of an independent contractor effective as
of January 2, 2002 (the "Effective Date"), in accordance with Articles 2 through
5 below.

2. SERVICES.

         A. The provisions of this Article 2 shall pertain to the engagement by
El Paso of Contractor as an independent contractor in accordance with the terms
set out below and shall commence on January 2, 2002, and will expire on December
31, 2002, (hereinafter, "Initial Term"), unless such Initial Term shall
otherwise be extended by mutual consent of the Parties for an additional period
(hereinafter, "Subsequent Term"). The Company may terminate this Agreement at
any time during the Initial Term or any Subsequent Term if the Contractor fails
to provide satisfactory services as reasonably determined by William A. Wise
("Wise") under the terms of this Agreement. The Contractor may terminate this
agreement for any reason upon thirty (30) days written notice to the Company.

         B. Contractor hereby agrees to devote his expertise, capabilities, and
talent to the duties described herein and to perform his services in a good and
diligent manner reasonably calculated to achieve the objectives of this
engagement.

         C. With respect to Contractor's duties hereunder, Wise or his
designated representative shall be the Company's representative with regard to
work performed by Contractor hereunder.

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         D. Contractor's duties shall include consulting work on legal and other
issues as from time to time determined by Wise.

         E. Contractor shall be provided such office space and equipment and
secretarial services during the term of the Agreement as is reasonably required
by Contractor. In addition, Contractor shall be permitted to retain, during the
term of this Agreement and following its expiration or termination, as his
personal property and for his personal use in addition to usage in connection
with this Agreement, any equipment and devices located at Contractor's home and
previously owned by the Company, including but not limited to, one computer
obtained through the Homelink Program, one fax machine, handheld devices and
similar or related devices. Costs associated with usage of such devices shall be
borne by Contractor and billed to the Company only to the extent they comprise
reimbursable expenses under this Agreement. The secretarial services to which
Contractor is entitled include, but are not limited to, preparation of
correspondence and memos, preparation and submission of monthly expense
statements, and arrangements and scheduling of travel and meetings related to
services performed under this Agreement.

         F. It is expressly agreed that Contractor shall act as an independent
contractor and shall have no authority to act for or on behalf of the Company or
to bind the Company to any contract or in any other manner without the prior
express written consent of the Company. Nothing herein contained shall be
construed to create a partnership, joint venture or association of any kind, nor
shall Contractor be considered an employee of the Company. Any use by Contractor
of the Company's established internal forms and the application to Contractor of
the Company's personnel or other

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policies is understood to be merely for the mutual convenience of the Company
and Contractor and should not be construed to create, or tend to create, or to
evidence, or to tend to evidence, an employer-employee relationship. Contractor
agrees to assume full responsibility for payment of all contributions and taxes
required under federal or state social security, self-employment, workers'
compensation, unemployment compensation, and income tax laws, arising from the
performance of services under this Agreement, and for payment of any and all
valid sales or use taxes levied on supplies and materials furnished and services
performed by Contractor hereunder.

         G. In consideration of the payments to be made to Contractor hereunder,
Contractor does agree to keep confidential any information, data, writings,
calculations, agreements or knowledge concerning the business, operating records
and operating secrets of the Company and its affiliates, which he has or might
from time to time acquire, and Contractor agrees to not disclose such
confidential information to any person not an employee of the Company or an
affiliate, except as expressly authorized in writing by the Company. In
addition, Contractor acknowledges that all books, records, lists, printouts,
calculations, files, maps, drawings and similar data used by him or generated by
him in the performance of services under this Agreement, are the property of the
Company, and shall, upon termination of this Agreement for whatever reason,
remain the property of the Company, and Contractor covenants that the same shall
not be removed or copied in whole or in part by Contractor at any time except
for use by the Company and its affiliates including the Company's attorneys, nor
be used in any way for the benefit of any person or business entity save and
except the Company and its affiliates.

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Upon termination of this Agreement, all of such documents shall, if requested by
the Company, be returned immediately to the possession of the Company.

         H. During the entire period that this Agreement is effective, the
Contractor shall not engage either directly or indirectly in any activity or
business, whether as an officer, director, sole proprietor, employee, partner,
majority shareholder, consultant or advisor, which is in direct competition with
any business engaged in by the Company or any subsidiary or affiliate of the
Company, except as otherwise expressly permitted by the Company.

         I. The Company reposes confidence in the personal qualities and ability
of Contractor and it is accordingly understood that this Agreement is personal
in nature and may not be assigned by Contractor.

         J. The Company shall have no responsibility for or with respect to
Contractor except as specifically provided herein. Provided, however, the
Company understands that Contractor is not a member of the Texas State Bar and
does not maintain professional liability insurance. The Company agrees to fully
indemnify and hold Contractor harmless from any liabilities or expenses
resulting or alleged to have resulted from services provided under this
Agreement, except for Contractor's gross negligence or willful misconduct.

         K. Subject to Paragraph I, above, this Agreement shall extend to, and
be binding upon the Parties hereto and their respective heirs, successors, and
assigns.

         L. This Agreement shall be subject to all applicable laws, rules and
regulations, both Federal and State.

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         M. No modification or alteration of the terms of this Agreement shall
be effective unless in writing, and signed by Contractor and an authorized
representative of the Company.

         N. This Agreement shall be governed by and construed in accordance with
the laws of the State of Texas.

3. SERVICES - MONTHLY PAYMENTS.

         A. As consideration for the services to be performed by Contractor
hereunder, the Company agrees to make payment, and Contractor agrees to accept
compensation and reimbursement of expenses on the following basis:

                  1. Contractor shall be paid $45,833.33 per month for services
performed each month in the Initial Term. Payment shall be by check and mailed
to Contractor at the address indicated on page 10 of this Agreement on the
fifteenth day of each month following the month in which the services are
rendered.

                  2. Contractor shall not be required to maintain a residence in
the City of Houston, Texas, although it may be convenient to do so during all or
some portion of the Term or any Subsequent Term of this Agreement. As a former
employee of the Company, Contractor has the right to require the Company to
purchase the home acquired by Contractor in connection with his transfer to
Houston pursuant to Article III, Section K of the Company's Domestic Relocation
Policy effective as of November 1, 1996. The Company and Contractor agree that
he shall have a period two (2) years from the date of termination of his
employment by the Company, or until December 31, 2003, to exercise such right.
The Company further agrees to arrange for, and pay the costs and expenses
associated with, one relocation of his and his family's household goods during

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this period from Houston, Texas, to any single location within the lower 48
states within the continental United States, and such payments shall be subject
to "gross-up" for any income for taxes associated therewith.

                  3. Contractor shall not be eligible for Company paid medical
benefits in his capacity as an independent contractor of the Company. However,
Contractor shall be eligible for Company sponsored retiree medical benefits as a
retiree of the Company.

                  4. Contractor shall perform his duties and services as
required under this Agreement during the Company's normal business hours and
shall perform such services, or be available to perform such services, as from
time to time agreed to by Wise and Contractor. Contractor may, but shall not be
required to, maintain an e-mail account on the Company's Intranet until December
31, 2002, for ease of communications with Company personnel.

                  5. At the time of the payout of prorated Performance Units, if
any, to which Contractor may otherwise be entitled as a former employee of the
Company, Contractor shall receive the value of the prorated Performance Units
and receive the value of the Performance units for an additional six (6) months
vesting of Performance Units. As of that date, Contractor's pro rata vested
Performance Units shall be 9,000 payable at the end of the performance cycle.

                  6. Payment shall be made for reasonable expenses incurred in
the performance of services hereunder, as provided in Article 3, Paragraph B,
below.

                  7. Personal automobile usage, to the extent reimbursable,
shall be reimbursed at the current company-approved rate (presently $0.325 per
mile) when Contractor's personal motor vehicle is used in the performance of
services hereunder,

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provided that mileage within the immediate vicinity of Houston, Texas shall not
be reimbursed.

         B. Within ten (10) days after the end of each calendar month hereunder,
beginning in February 2002, Contractor shall submit a monthly statement and an
invoice (in the form of an expense account) indicating the business expenses
properly incurred during such month in performing this Agreement, including
transportation expenses and other chargeable items such as hotel bills and
meals. Said statement and invoice shall be sent to El Paso Corporation, to the
attention of Wise. The Company shall pay Contractor not later than twenty (20)
days after its receipt and verification of each such statement and invoice. None
of Contractor's expenses shall be directly billed to the Company or to any
subsidiary or affiliate of the Company.

4. CODE OF CONDUCT.

         Contractor agrees to remain in compliance with the responsibilities and
obligations as set forth in the Company's Code of Conduct (with the exception of
any specific applications of the Code of Conduct that only pertain to
employees).

5. ARBITRATION.

         The Parties agree that all questions as to rights and obligations
arising out of the terms of this Agreement are subject to arbitration, the costs
of which shall be born by the Company, and such arbitration shall be governed by
the provisions of the Texas General Arbitration Act (Texas Civil Practice and
Remedies Code, Section 171.001, et seq.). If a dispute should arise under this
Agreement, either Party within ten (10) days after the date on which the dispute
arises may make a demand for arbitration by filing a demand in writing with the
other Party.

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         The Parties to this Agreement may agree on one arbitrator, but in the
event they cannot so agree, there shall be three arbitrators, one named in
writing by each of the Parties within ten (10) days after demand for arbitration
is made, and a third arbitrator to be chosen by the two arbitrators named.
Should either Party fail to timely join in the appointment of the arbitrators,
the arbitrators shall be appointed in accordance with the provisions of the
Texas Civil Practice and Remedies Code Section 171.003.

         All arbitration proceedings conducted under the terms of this Agreement
and all judicial proceedings to enforce any of the provisions of this Agreement
shall take place in Houston, Texas. The hearing before the arbitrators of the
matter to be arbitrated shall be at the time and place within Houston, Texas
selected by the arbitrators. Notice of the hearing shall be given and the
hearing conducted in accordance with the provisions of Sections 171.005, 171.006
and 171.007 of the Texas Civil Practice and Remedies Code. At the hearing, any
relevant evidence may be presented by either Party, and the formal rules of
evidence applicable to judicial proceedings shall not govern. Evidence may be
admitted or excluded in the sole discretion of the arbitrators. The arbitrators
shall hear and determine the matter and shall execute and acknowledge their
award in writing and deliver a copy thereof to each of the Parties by registered
or certified mail.

         If there is only one arbitrator, his or her decision shall be binding
and conclusive on the Parties. If there are three arbitrators, the decision of
any two shall be binding and conclusive. The submission of a dispute to the
arbitrators and the rendering of their decision shall be a condition precedent
to any right of legal action on the dispute. A judgment confirming the award of
the arbitrators may be rendered by any court having jurisdiction; or such court
may vacate, modify, or correct the award in accordance with

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the provisions of the Texas General Arbitration Act (Texas Civil Practice and
Remedies Code Sections 171.013, 171.014 and 171.015).

         If the arbitrators selected pursuant to this Article 5 shall fail to
render a decision within seven (7) days of the date of the hearing, they shall
be discharged, and three new arbitrators shall be appointed and shall proceed in
the same manner and the process shall be repeated until a decision is reached by
at least two of the three arbitrators selected.

6. EFFECTIVE DATE.

         This Agreement shall become effective as of the Effective Date.

7. NOTICES.

         Except as otherwise provided, all notices, requests, demands and other
communications permitted or required hereunder shall be in writing and shall be
deemed to have been duly given if delivered or if mailed, by registered or
certified United States mail, postage prepaid, as follows:

         A.       If to Contractor, addressed to:

                  Mr. Britton White Jr.
                  35 West Terrace Drive
                  Houston, Texas  77007

         B.       If to El Paso, addressed to:

                  El Paso Corporation
                  1001 Louisiana Street
                  Houston, Texas  77001

                  Attention:  Joel  Richards  III
                  Its Executive Vice President, Administration

or to such other address as either Party hereto may request by giving notice as
provided in this Article 7.

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         IN WITNESS WHEREOF, the Parties have executed this Agreement as of the
day and year first above written.

                                       EL PASO CORPORATION

                                       By: /s/ JOEL RICHARDS III
                                          -------------------------------------
                                          Joel Richards III
                                          Its Executive Vice President,
                                          Administration

                                       BRITTON WHITE JR.

                                       By: /s/ BRITTON WHITE JR.
                                          -------------------------------------
                                          Britton White Jr.

                                       11<PAGE>
                                                                   EXHIBIT 10.AA

                            AGREEMENT TO RESTATE THE
                         BALANCE OF CERTAIN COMPENSATION

THIS AGREEMENT, dated as of ________________, 200___, is made by and between
_______________________ (the "Executive") and El Paso Corporation (the
"Company").

                              W I T N E S S E T H:

WHEREAS, the Executive has been and continues to be a valued key executive of
the Company; and

WHEREAS, the Company intends to loan an amount to a trust created by the
Executive (the "Trust"); and

WHEREAS, the Executive agrees to restate the balance of certain compensation
payable to the Executive under the Company's [Deferred Compensation Plan]
[Supplemental Benefits Plan] as is set forth in paragraph 2 below.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties agree as follows, intending to be
legally bound, effective as of __________________, 200___.

1.       The Company agrees to provide a loan to the Trust. The terms of the
         loan shall be documented by a Promissory Note (the "Note") to be
         executed by the Trust.

2.       In consideration for the Company's promise to make the loan, [the
         Executive's account balance in the Company's Deferred Compensation Plan
         shall be reduced [to zero] [by $____________]] [and the Executive's
         interest in the Company's Supplemental Benefits Plan shall be reduced
         [to zero] [by $_____________]],effective as of the date of such loan,
         but shall not affect the Executive's right to continue to accrue
         benefits under said plan(s).

3.       If the Executive recognizes any taxable income as a result of entering
         into this Agreement, and if such recognition would generally result in
         an income tax deduction for the Company, then the Company shall make a
         payment to the Executive (or to the Executive's estate, if the
         Executive has died) equal to the amount determined by dividing forty
         percent (40%) of the taxable income by sixty percent (60%).

4.       The Executive agrees that (i) the Company has not advised the Executive
         as to any financial or tax risks associated with this Agreement or the
         Note to be entered into pursuant to this Agreement; (ii) the Executive
         has relied solely on his personal advisors in deciding to enter into
         this Agreement and the related transactions; and, (iii) the Executive
         (as his successors, heirs and assigns) assume responsibility for any
         tax or financial risks incurred by the Executive (or his successors,
         heirs and assigns) resulting from the transaction.

<PAGE>

IN WITNESS WHEREOF, the parties hereby execute this Agreement, intending to be
legally bound as of the effective date set forth above.

EXECUTIVE:                                  COMPANY:

                                            El Paso Corporation

                                            By:
------------------------------------          ----------------------------------
Printed Name:                               Printed Name:
             -----------------------                    ------------------------

------------------------------------        ------------------------------------
Date                                        Date

<PAGE>
                           BENEFIT PLAN(s) FROM WHICH
              AGREEMENT TO RESTATE BALANCE OF CERTAIN COMPENSATION
                       REDUCED AMOUNTS AND AMOUNTS REDUCED

                             PLAN(s) FROM WHICH
                                 RESTATEMENT                     AMOUNTS
                              REDUCED AMOUNTS                    REDUCED
NAME OF PARTICIPANT                (1)                             ($)
-------------------          ------------------                  -------
H. Brent Austin           Supplemental Benefits Plan            $  600,000

Greg G. Jenkins           Deferred Compensation Plan            $  400,000
                          Supplemental Benefits Plan            $  100,000

Joel Richards III         Supplemental Benefits Plan            $1,000,000

Britton White Jr.         Supplemental Benefits Plan            $1,000,000

William A. Wise           Supplemental Benefits Plan            $5,000,000

(1)  Supplemental Benefits Plan means the El Paso Corporation Supplemental
     Benefits Plan amended and restated effective as of December 7, 2001, and
     Deferred Compensation Plan means the El Paso Corporation Deferred
     Compensation Plan amended and restated effective as of December 3, 1998, as
     amended.

<PAGE>
                                 PROMISSORY NOTE

  $________.00            HOUSTON, HARRIS COUNTY, TEXAS     ______________, 2001

                 FOR VALUE RECEIVED, the undersigned, [Name of Trust] ("Maker"
  or "Trust") having a mailing address of ____________________, Houston, Texas
  __________, promises to pay to the order of EL PASO CORPORATION, a Delaware
  corporation (together with its successors and assigns, "Holder"), at its
  address, 1001 Louisiana Street, Houston, Texas 77002, or at such other place
  as Holder of this Note may direct, at maturity (as provided below) the
  principal sum of _____________________________________________
  ________________ AND NO/100 DOLLARS ($___________.00), together with interest
  on said principal remaining unpaid hereunder and from time to time advanced
  and outstanding hereunder until paid, at the rate per annum as is set forth on
  Schedule A attached hereto.

                 Principal and interest on this Note shall be payable as
                 follows:

                 Interest on the unpaid principal balance of this Note shall
                 accrue commencing on the Loan Date (as hereinafter defined and
                 as set forth on Schedule A attached hereto) until such
                 principal balance is paid in full, and shall be due and
                 payable, together with the entire unpaid principal balance of
                 this Note, at maturity, which shall be the ninetieth (90th) day
                 following the death of the [Insured] [last survivor of the
                 Insureds] listed on Schedule A attached hereto.

                 Interest charges will be calculated on amounts advanced
  hereunder on the actual number of days said amounts are outstanding on the
  basis of a 365/366 day year, as the case may be. It is the intention of Maker
  and Holder to conform strictly to all applicable usury laws. It is therefore
  agreed that (i) in the event that the maturity hereof is accelerated by reason
  of an election by Holder, or if same is prepaid prior to maturity, or if any
  transaction contemplated hereby would otherwise be usurious under applicable
  law, then, in that event, all unearned interest and any other amount that
  would be excessive interest under applicable law shall be cancelled
  automatically or, if theretofore paid, shall either be refunded to Maker or
  credited on the unpaid principal amount of this Note, whichever remedy is
  chosen by Holder, (ii) the aggregate of all interest and other charges
  constituting interest under applicable law and contracted for, chargeable or
  receivable under this Note or otherwise in connection with the transaction for
  which this Note is given shall never exceed the maximum amount of interest,
  nor produce a rate in excess of the maximum rate of interest (the "Highest
  Non-Usurious Rate") that Holder may charge Maker under applicable law, and
  (iii) if any excess interest is provided for, it shall be deemed a mistake and
  the same shall either be refunded to Maker or credited on the unpaid principal
  amount hereof and this Note shall be automatically deemed reformed so as to
  permit only the contracting for, charging, receiving or collection of the
  maximum legal non-usurious rate and amount of interest. All sums paid or
  agreed to be paid to the Holder of this Note for the use, forbearance or
  detention of the indebtedness evidenced

                                                                ----------------
                                                                Maker's Initials
                                  Page 1 of 5
<PAGE>

  hereby, to the full extent allowed by applicable law, shall be amortized,
  prorated, allocated and spread through the full term of the indebtedness
  evidenced by this Note.

                 Maker agrees that the entire principal sum advanced hereunder
  shall be used to pay a premium on the life insurance policy (the "Policy")
  described in Schedule A attached hereto, and that no part of the principal sum
  shall be used for any other purpose. The "Loan Date" shall be the date on
  which the Holder advances the principal sum of this Note to Maker, or if Maker
  instructs Holder to pay such principal sum directly to the insurer issuing the
  Policy, the date on which Holder pays the amount to the insurer.

                 Maker agrees to take all reasonable steps to ensure payment of
  the Policy death benefit promptly following the [death of the Insured] [death
  of the last survivor of the Insureds], and further agrees to refrain from
  making any distributions attributable to the receipt of Policy death benefits
  to Trust beneficiaries or other parties until Maker has received written
  notification from Holder (such notification not to be unreasonably withheld)
  that the full amount due Holder under this Note has been received.

                 All payments hereon shall be made in lawful money of the United
  States of America to the order of the Holder at the address set forth above or
  at such other place as Holder may designate in writing to Maker from time to
  time. This Note may be prepaid by Maker in whole or in part at any time
  without penalty or notice. Whenever any payment to be made under this Note
  shall be stated to be due on a Saturday, Sunday or a day on which commercial
  banks in Texas are authorized or required by law to close (any other day being
  a "Business Day"), such payment may be made on the next succeeding Business
  Day, and such extension of time shall in such case be included in the
  computation of interest payable hereunder.

                 Maker agrees that the Policy shall be owned solely by Maker,
  that the Trust shall be designated as beneficiary to receive the Policy death
  benefit or any benefit paid at policy maturity, and that no other person or
  entity will have any interest in the Policy, except as otherwise provided
  herein. Also, Maker shall not surrender the Policy, in whole or in part,
  withdraw cash value from or borrow from the Policy), or otherwise pledge or
  encumber the Policy, except as expressly permitted by the terms of this Note.
  Maker further agrees that an event of default under this Note shall be deemed
  to occur upon the occurrence of any of the following events:

(1)      Maker fails to pay the Policy premium within the time allowed by the
         terms of this Note (including any extensions permitted hereunder).

(2)      Maker attempts to transfer all or any part of its interest in the
         Policy to any party, except that a transfer of Policy rights to a
         successor trustee under the terms of the Trust shall not be deemed a
         transfer for the purpose of this sentence.

(3)      Maker surrenders the Policy in whole or in part, or borrows from or
         withdraws cash value from the Policy or otherwise pledges or encumbers
         the Policy.

                                                                ----------------
                                                                Maker's Initials
                                  Page 2 of 5

<PAGE>

(4)      Maker reduces the face amount of the Policy without the consent of
         Holder, but only if the face amount reduction results in distribution
         of policy cash values.

                 The obligations created by this Note are obligations of Maker
  only, and no individual or entity who is a trustee of the Trust shall have any
  personal responsibility or liability with respect to this Note, except in such
  party's fiduciary capacity as a trustee. In addition, no beneficiary of the
  Trust, or creator of the Trust, shall have any personal responsibility or
  liability with respect to this Note, except to the extent of any Policy death
  benefits paid to any such beneficiary, in which case Holder may pursue
  available legal remedies to recover any such amount, if Holder has not
  received payment of the full amount due to Holder, for application to any
  amounts outstanding under this Note.

                 Maker, the creator of the Trust, and any trustee or beneficiary
  of the Trust shall not be responsible for paying any additional amounts as
  Policy premiums, even if it becomes necessary to do so to prevent the Policy
  from lapsing. However, any such party or Holder, in its sole discretion, may
  pay additional Policy premiums as it elects.

                 Holder may transfer or assign its rights under this Note to any
  individual or entity without the consent of Maker, and Holder shall give Maker
  notice of any such transfer or assignment; provided, however, that Holder
  shall not be liable to Maker for any failure to give any such notice, nor
  shall failure to do so impair the effectiveness of such assignment or
  transfer.

                 In the event of default in the payment of any installment of
  principal or interest when due hereunder, or upon the occurrence of any event
  of default under this Note or any document or instrument executed in
  connection with or as security for this Note, or upon failure in performance
  of any covenant, agreement, or obligation to be performed under this Note or
  any documents executed in connection with or as security for this Note, Holder
  may declare the entirety of this Note, outstanding principal and accrued and
  unpaid interest, immediately due and payable without any notice of any kind,
  including, without limitation, any notice of acceleration or of intent to
  accelerate, and failure to exercise said option shall not constitute a waiver
  on the part of Holder of the right to exercise the same at any other time.

                 No security taken for the payment of this Note shall affect the
  liability of any person liable for payment of this Note. Holder may require
  payment by Maker and any surety, endorser, or guarantor hereof without first
  resorting to any security for this Note, and no judgment taken against any
  such party shall terminate any lien, security interest or other interest of
  Holder in said security.

                 Maker consents to the release or discharge of any party liable
  hereon (including any of the undersigned) and to the release or impairment of
  any collateral for this Note by Holder.

                 All past due principal and interest on this Note shall bear
  interest from maturity of such principal or interest (in whatever manner same
  may be brought about) until paid at the

                                                                ----------------
                                                                Maker's Initials
                                  Page 3 of 5

<PAGE>

  Highest Non-Usurious Rate. To the extent the Highest Non-Usurious Rate is
  determined by reference to the laws of the State of Texas, same shall be
  determined by reference to the "weekly ceiling" (as defined and described in
  the Texas Finance Code Section 303.003, as amended, as limited by the Texas
  Finance Code Section 303.009, as amended) at the applicable time in effect;
  provided, however, that to the fullest extent permitted by all applicable
  usury laws, the Holder shall have the right to change, from time to time, by
  further written notice and disclosure to the Maker, the ceiling upon which the
  Highest Non-Usurious Rate is based to the extent it is based thereon. In the
  event default is made in the payment of this Note in whatever manner its
  maturity may be brought about, and it is placed in the hands of an attorney
  for collection, or is collected through probate, bankruptcy or other
  proceedings, Maker promises to pay all costs and reasonable attorneys' fees
  incurred by Holder as a result thereof.

                 Maker and every surety, endorser and guarantor of this Note
  waive, to the fullest extent permitted by law, grace, notice, demand,
  presentment for payment, notice of non-payment, protest, notice of protest,
  notice of intention to accelerate, notice of acceleration of the indebtedness
  due hereunder and all other notice, filing of suit and diligence in collecting
  this Note, and the enforcing of any of the security rights of Holder, and
  consent and agree that the time of payment hereof may be extended without
  notice at any time and from time to time, and for periods of time whether or
  not for a term or terms in excess of the original term hereof, without notice
  or consideration to, or consent from, any of them.

                 Any prepayment sums received by Holder shall be applied to the
  payments of any accrued and unpaid interest, with any excess applied to reduce
  the principal balance of this Note.

                 Time is of the essence with respect to all time periods set
  forth in this Note.

                 No modification or waiver of any of the provisions of this Note
  shall be effective unless in writing, signed by Holder, and only to the extent
  set forth therein; and no waiver shall be effective except in the specific
  instance for which given; and no failure Holder of this Note to exercise, and
  no delay in exercising, any right or remedy hereunder or under any other
  document, instrument or agreement shall constitute a waiver thereof on the
  part of Holder; nor shall any single or partial exercise of any right or
  remedy hereunder or under any other document, instrument or agreement preclude
  any other or further exercise thereof or the exercise of any other right or
  remedy.

                 Any notice, demand or request relating in any manner to this
  Note shall be in writing and shall be deemed effective (i) if mailed, three
  business days after being deposited in the mails, postage prepaid by certified
  mail, return receipt requested, or (ii) if delivered, upon delivery, in each
  such case to Maker or to Holder hereof at its address above stated, unless
  such address is changed by written notice hereunder.

                 This Note is made and delivered in the State of Texas, with
  reference to the laws of said state and it is understood and agreed that the
  legality, enforceability and construction hereof shall be governed by the laws
  of the State of Texas and the United States of America.

                                                                ----------------
                                                                Maker's Initials
                                  Page 4 of 5

<PAGE>

                 The terms and provisions hereof shall be binding upon and inure
  to the benefit of Maker and the heirs, personal representatives, successors
  and assigns of Maker and Holder; provided, however, that Maker may not assign
  any of its rights or obligations hereunder without the prior written consent,
  in its sole discretion, of Holder.

                 EXECUTED EFFECTIVE the day and year first written above.

                                              "Maker":    [Name of Trust]
                                                     ---------------------------

                                              By:
                                                 -------------------------------
                                              Printed Name:_________, as Trustee

                                              ----------------------------------
                                              Date

                                                                ----------------
                                                                Maker's Initials
                                  Page 5 of 5

<PAGE>

                                   SCHEDULE A

                  LOAN INTEREST RATE:  _______% per annum, compounded
                  semi-annually, subject to the usury savings provisions of
                  this Note

                  LOAN DATE:

                  POLICY:

                           Insurer:

                           Policy Number:

                           Insured(s):

<PAGE>
                                 PROMISSORY NOTE
                                  LOAN AMOUNTS

<TABLE>
<CAPTION>

                                                                        AMOUNT          INTEREST
                                                                      OF LOAN(s)          RATE
NAME OF PARTICIPANT               NAME OF TRUST                         ($)(1)            (%)
-------------------               -------------                       ----------        --------
<S>                        <C>                                        <C>               <C>
H. Brent Austin            Brent and Joanne Austin Family Trust       $1,080,000        4.99%

Greg G. Jenkins            Greg and Sheila Jenkins Family Trust       $  900,000        4.99%

Joel Richards III          Joel and Cathy Richards Family Trust       $1,800,000        4.99%

Britton White Jr.          White/Odenthal Family Trust                $1,800,000        4.99%

William A. Wise            Wise 2001 Family Trust                     $9,000,000        4.99%
</Table>

(1) The amount reflected for Mr. Wise consists of two loans each in the amount
    of $4,500,000.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}]]