Document:

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                                                                     EXHIBIT 4.9

                               WARRANT CERTIFICATE

THE WARRANT REPRESENTED BY THIS CERTIFICATE (THE "WARRANT") HAS BEEN (I)
ACQUIRED FOR INVESTMENT AND (II) ISSUED AND SOLD IN RELIANCE UPON AN EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), AND
APPLICABLE STATE SECURITIES LAWS. THE WARRANT, AND THE SECURITIES ISSUABLE UPON
EXERCISE THEREOF, CANNOT BE OFFERED FOR SALE, SOLD OR TRANSFERRED, OTHER THAN
PURSUANT TO (I) AN EFFECTIVE REGISTRATION UNDER THE ACT OR IN A TRANSACTION THAT
IS OTHERWISE IN COMPLIANCE WITH THE ACT AND (II) EVIDENCE REASONABLY
SATISFACTORY TO THE ISSUER OF COMPLIANCE WITH ALL APPLICABLE STATE AND FEDERAL
SECURITIES LAWS. THE ISSUER SHALL BE ENTITLED TO RELY UPON AN OPINION OF COUNSEL
SATISFACTORY TO IT WITH RESPECT TO COMPLIANCE WITH SUCH LAWS.

NO. 1                                                            APRIL 30, 1999

                   VOID AFTER 5:00 P.M. EASTERN STANDARD TIME
                                ON APRIL 30, 2009
                             (THE "EXPIRATION DATE")

                                 FLIGHTSERV.COM

                               WARRANT CERTIFICATE

         THIS CERTIFIES THAT, as consideration to Vance for allowing its name
and reputation to be associated with flightserv.com, which will assist
flightserv.com in obtaining financing and customers, VANCE EXECUTIVE PROTECTION,
INC. ("Holder"), is the owner of a Warrant that, subject to the terms of this
Warrant Certificate, entitles the Holder to purchase up to One Million
(1,000,000) fully paid and non-assessable shares (the "Shares") of the common
stock, $0.04 par value per share (the "Common Stock"), of FLIGHTSERV.COM, a
Delaware corporation (the "Company"), in three increments as described in
Section 6 below, at the purchase price of fifty cents ($0.50) per share (the
"Exercise Price") upon presentation and surrender of this Warrant Certificate
with the Form of Election to Purchase attached hereto, duly executed, at any
time prior to the Expiration Date.

         1.       REGISTRATION. The Warrant has been numbered and registered in
a warrant register (the "Warrant Register"). The Company shall treat the Holder
of the Warrant as set forth in the Warrant Register as the owner in fact thereof
for all purposes. The Company is not liable for any registration or transfer of
any Warrant that is registered or any Warrant that will become registered in the
name of a fiduciary or its nominee unless the Company has actual knowledge

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that a fiduciary or its nominee is committing a breach of trust by requesting
such registration or transfer or has actual knowledge of such facts that its
participation therein amounts to bad faith.

         2.       RIGHT TO PIGGYBACK. If the Company shall determine to register
any of its securities either for its own account or the account of a security
holder or holders exercising their respective demand registration rights, other
than a registration relating solely to employee benefit plans, or a registration
relating solely to a Rule 145 transaction, or a registration on any registration
form that does not permit secondary sales, the Company will:

         (a)      give to the Holder written notice thereof; and

         (b)      use its best efforts to include in such registration (and any
                  related filing or qualification under applicable blue sky
                  laws), except as set forth in Section 3 below, and in any
                  underwriting involved therein, all the securities granted
                  under this Warrant Certificate ("Unregistered Securities")
                  specified in a written request or requests, made by the Holder
                  and received by the Company within seven (7) days after the
                  written notice from the Company described in clause (a) above
                  is received by Holder or delivered by the Company. Such
                  written request may specify all or a part of the Holder's
                  Unregistered Securities granted but no less than 25% of the
                  Holder's Unregistered Securities.

         3.       UNDERWRITING. If the registration of which the Company gives
notice is for a registered public offering involving an underwriting, the
Company shall so advise the Holder as a part of the written notice given
pursuant to Section 2(a). In such event, the right of the Holder to registration
pursuant to this Section 3 shall be conditioned upon such Holder's participation
in such underwriting and the inclusion of such Holder's Unregistered Securities
in the underwriting to the extent provided herein. All Holders proposing to
distribute their securities through such underwriting shall (together with the
Company and the other holders of securities of the Company with registration
rights to participate therein distributing their securities through such
underwriting) enter into an underwriting agreement in customary form with the
representative of the underwriter or underwriters selected by the Company.

         Notwithstanding any other provision of this Section 3, if the
representative of the underwriters advises the Company in writing that marketing
factors require a limitation on the number of shares to be underwritten, the
representative may (subject to the limitations set forth below) exclude all
Unregistered Securities from, or limit the number of Unregistered Securities to
be included in, the registration and underwriting. The Company shall so advise
the Holder of securities if requesting registration, and the number of shares of
securities that are entitled to be included in the registration and underwriting
shall be allocated first to the Company for securities being sold for its own
account and thereafter in proportionate fractions to the number of shares
presented by all stockholders with equivalent registration rights. If any person
does not agree to the terms of any such underwriting, he shall be excluded
therefrom by written notice from the Company or the underwriter. Any
Unregistered Securities or other securities excluded or withdrawn from such
underwriting shall be withdrawn from such registration.

         If shares are so withdrawn from the registration and if the number of
shares of securities to be included in such registration was previously reduced
as a result of marketing factors, the Company shall then offer to all persons
who have retained the right to include securities in the registration the right
to include additional securities in the registration in an aggregate amount

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equal to the number of shares so withdrawn, with such shares to be allocated
among the persons requesting additional inclusion in proportionate fractions to
the number of shares presented by all holders.

         4.       EXPENSES OF REGISTRATION INDEMNIFICATION.

         (a)      All Registration Expenses incurred in connection with any
                  registration, qualification or compliance pursuant to Section
                  3 hereof shall be borne by the Company. All Selling Expenses
                  relating to securities so registered shall be borne by the
                  Holder and other holders of such securities pro rata on the
                  basis of the number of shares of securities so registered on
                  their behalf.

         (b)      The Company will indemnify the Holder, and its officers,
                  directors, and agents and each person controlling the Holder
                  within the meaning of Section 15 of the Act, from and against
                  all expenses, claims, losses, damages and liabilities
                  (including reasonable attorney's fees and defense costs)
                  ("Costs") arising out of or based on any untrue statement (or
                  alleged untrue statement) of a material fact contained in any
                  prospectus, offering circular, or other document relating to
                  the registration of securities hereunder (collectively the
                  "Registration Documents"), or based on any omission (or
                  alleged omission) to state therein a material fact required to
                  be stated therein or necessary to make the statements therein
                  not misleading, or any violation by the Company of any federal
                  securities law or any state securities law or any rule or
                  regulation thereunder applicable to the Company. The Holder
                  will (if securities held by him are included in the
                  registration), indemnify the Company and each of its
                  directors, officers and agents and each person who controls
                  the Company within the meaning of Section 15 of the Act, from
                  and against all Costs arising out of or based on any untrue
                  statement (or alleged untrue statement) of a material fact
                  contained in any Registration Document, or any omission (or
                  alleged omission) to state therein a material fact required to
                  be stated therein or necessary to make the statements therein
                  not misleading, to the extent, but only to the extent, that
                  such untrue statement (or alleged untrue statement) or
                  omission (or alleged omission) is made in such Registration
                  Document in reliance upon and in conformity with written
                  information furnished to the Company by Holder and stated to
                  be specifically for use therein. It is agreed that the
                  indemnity agreements contained in this section shall not apply
                  to amounts paid in settlement of any such loss, claim, damage,
                  liability, or action if such settlement is effected without
                  the consent of the indemnifying party (which consent shall not
                  be unreasonably withheld).

         5.       TRANSFER OF WARRANT. The Warrant is transferable on the books
of the Company only upon delivery of the Warrant to the Company, duly endorsed
by the Holder or by its duly authorized attorney or representative, or
accompanied by proper evidence of succession, assignment or authority to
transfer. In all cases of transfer by an attorney, the original power of
attorney, duly approved, or an official certified copy thereof, shall be
deposited with the Company. Should an executor, administrator, guardian or other
legal representative of a Holder effect such a transfer, then duly authenticated
evidence of its authority must be produced and may be required to be deposited
with the Company in its discretion. Upon any registration of transfer, the
Company agrees to deliver a new Warrant or Warrants to the persons entitled
thereto. Notwithstanding the foregoing, the Company has no obligation to
transfer the name of

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the Holder on its books to any person, unless the Holder furnishes the Company
evidence of compliance with the Act, in accordance with the provisions of
Section 13 hereof.

         6.       PERIOD OF EXERCISE. The Exercise Price and the number of
Shares issuable upon exercise of the Warrant are subject to adjustment upon the
occurrence of certain events, pursuant to the provisions of Section 12 hereof.
Subject to the provisions of this Warrant, the Holder has the right to purchase
from the Company (and the Company will issue and sell to such registered Holder)
the number of Shares equal to the following:

         (a)      No rights to purchase Shares hereunder shall arise until the
                  Closing Price for the Common Stock is at least One Dollar
                  ($1.00) per share for fifteen (15) consecutive trading days,
                  at or after which time, and up to the Expiration Date, the
                  Holder shall be entitled to purchase the first increment equal
                  to 333,333 of the Shares, as the same may be adjusted in
                  accordance with the provisions of Section 11 hereof. For
                  purposes of this Warrant, the term "Closing Price" shall mean
                  the daily closing price per share of the Common Stock as
                  reported on the American Stock Exchange (the "AMEX") or if the
                  Common Stock is not listed on the AMEX, such other national
                  securities exchange on which the Common Stock is then listed,
                  or if the Common Stock is not then listed on any national
                  securities exchange, the last quoted price or if not quoted,
                  the closing bid price in the over the counter market as
                  reported by the National Association of Securities Dealers,
                  Inc. Automated Quotation System.

         (b)      At or after such time as the Closing Price for the Common
                  Stock is at least One Dollar and Fifty Cents ($1.50) per share
                  for fifteen (15) consecutive trading days, and up to the
                  Expiration Date, the Holder shall be entitled to purchase the
                  second increment equal to 333,333 of the Shares, as the same
                  may be adjusted in accordance with the provisions of Section
                  11 hereof.

         (c)      At or after such time as the Closing Price for the Common
                  Stock is at least Two Dollars ($2.00) per share for fifteen
                  (15) consecutive trading days, and up to the Expiration Date,
                  the Holder shall be entitled to purchase the third and final
                  increment equal to 333,334 of the Shares, as the same may be
                  adjusted in accordance with the provisions of Section 11
                  hereof.

         (d)      This Warrant shall expire and no longer be exercisable on and
                  after 5:00 p.m., April 30, 2009 or upon the earlier
                  consummation of any merger in which the Common Stock is
                  changed or converted into other securities, cash or property
                  (provided, however, that the Holder received notice of such
                  merger pursuant to Section 8 hereof).

         7.       EXERCISE OF WARRANT. The rights represented by this Warrant
may be exercised by the Holder in whole or in part (but not as to a fractional
Share), by surrendering the Warrant to the Company or its duly authorized agent,
with the Form of Election to Purchase, a copy of which is attached hereto, duly
completed and signed, and upon paying to the Company the Exercise Price, as may
be adjusted in accordance with the provisions of Section 11 hereof, for the
number of Shares for which this Warrant is exercised. Payment of such Exercise
Price may be made (a) in cash; (b) by certified check, bank draft or drawn
postal, express money order payable to the order of flightserv.com; or (c) by
reducing the actual number of Shares issuable

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upon the exercise of this Warrant (as set forth on the Election to Purchase) by
the smallest number of whole shares of the Common Stock which, when multiplied
by the Closing Price per share of the Common Stock as of the date this Warrant
is exercised, is sufficient to satisfy the Exercise Price for the number of
Shares for which this Warrant is exercised. Upon the surrender of this Warrant,
payment of the Exercise Price as described above and payment of all tax
obligations as described in Section 9 below, the Company agrees to cause to be
issued and delivered with all reasonable dispatch to or upon the written order
of the registered Holder and (subject to receipt of evidence of compliance with
the Act in accordance with the provisions of Section 12 hereof) in such name or
names as such registered Holder may designate, a certificate or certificates for
the number of full Shares so purchased upon the exercise of such Warrant,
together with cash, as provided in Section 14 hereof, in respect of any
fractional Share otherwise issuable upon such surrender. Such certificate or
certificates shall be deemed to have been issued and any person so designated to
be named therein shall be deemed to have become a holder of record of such
Shares as of the date of surrender of this Warrant, payment of the Exercise
Price as described above and payment of all tax obligations as described in
Section 9 hereof; provided, however, that if, at the date of surrender of this
Warrant and payment of the Exercise Price and taxes the transfer books for the
Common Stock or other class of stock purchasable upon the exercise of this
Warrant shall be closed, the certificates for the Shares for which this Warrant
is exercised shall be issuable as of the date on which such books shall next be
opened (whether before, on or after the Expiration Date) and until such date the
Company shall be under no duty to deliver any certificates for such Shares; and
provided further, however, that the transfer books shall not be closed at any
one time for a period longer than twenty (20) consecutive calendar days unless
otherwise required by law.

         8.       NOTICES.

         (a)      Notice of Adjustment. Whenever the number of shares of Common
                  Stock for which this Warrant is exercisable shall be adjusted
                  pursuant to Section 12, the Company shall forthwith prepare a
                  certificate to be executed by the President or Chief Financial
                  Officer of the Company setting forth, in reasonable detail,
                  the event requiring the adjustment, the method by which the
                  adjustment was calculated and describing the number of shares
                  of Common Stock for which this Warrant is exercisable after
                  giving effect to such adjustment or change. The Company shall
                  promptly cause a signed copy of such certificate to be
                  delivered to the Holder. The Company shall keep at its
                  principal office copies of all such certificates and cause the
                  same to be available for inspection during normal business
                  hours by the Holder of any prospective purchaser of the
                  Warrant designated by the Holder.

         (b)      Notice of Extraordinary Distributions. In the event that the
                  Company proposes to set a record date for the purpose of
                  entitling holders of its Common Stock to receive any dividend
                  or other distribution of:

                  (i)      cash in an amount in excess of the previous regular
                           cash dividend, or

                  (ii)     any evidences of its indebtedness, any shares of its
                           stock or any other securities or property of any
                           nature whatsoever, including any warrants or other
                           rights to subscribe for or purchase any evidences of
                           its indebtedness, any shares or its stock of any
                           other securities or property; then the

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                           Company shall deliver to the Holder written notice of
                           such proposed dividend or distribution at least 10
                           days prior to such proposed record date. A
                           reclassification of Common Stock (other than a change
                           in par value, or from par value to no par value or
                           from no par value to par value) into shares of Common
                           Stock and shares of any other class of stock shall be
                           deemed a distribution by the Company to the holders
                           of its Common Stock of such shares of such other
                           class of stock within the meaning of this Section
                           8(b) and, if the outstanding shares of Common Stock
                           shall be changed into a larger of smaller number of
                           shares of Common Stock as a part of such
                           reclassification, shall be deemed a subdivision or
                           combination, as the case may be, of the outstanding
                           shares of Common Stock within the meaning of Section
                           12.

         (c)      Notice of Certain Mergers and Asset Dispositions. In the event
                  that the Company proposes to consolidate with or merge into
                  another corporation in a transaction in which the Common Stock
                  will be changed or converted into other securities, cash or
                  property, or to sell, transfer or otherwise dispose of all or
                  substantially all of its property, assets or business to
                  another corporation or other entity, the Company shall deliver
                  to each Holder written notice of such proposed transactions at
                  least 15 days prior to the earlier of its consummation or the
                  taking of any record of the holders of its Common Stock for
                  the purpose of determining their rights pursuant to such
                  transactions.

         (d)      Notice of Registration Statement. In the event that the
                  Company shall propose to file a registration statement under
                  the Act with respect to any shares of Common Stock of the
                  Company, it shall deliver to each Holder (i) at least 15 days
                  advance notice of its intention to file such registration
                  statement and the anticipated range of prices at which the
                  shares of Common Stock are proposed to be offered; (ii) prompt
                  notice of any change in such anticipated range of prices; and
                  (iii) notice by 10:00 a.m., New York City time, on the day
                  prior to the date on which the registration statement is
                  expected to become effective.

         (e)      Notice Procedures. Unless otherwise expressly provided for in
                  this Warrant, any notices or other communications required or
                  permitted hereunder shall be given in writing and shall be
                  delivered personally, by overnight delivery service or by
                  registered or certified mail and shall be deemed to have been
                  given when so delivered personally, or one business day after
                  the date of deposit with such overnight courier or three
                  business days after the date mailed. All notices shall be
                  addressed to the respective parties as follows: if to Holder,
                  to Vance Executive Protection, Inc., 10467 White Granite
                  Drive, Oakton, Virginia 22124, Attn. President; and if to
                  Company, to flightserv.com, 3343 Peachtree Road, N.E., Suite
                  530, Atlanta, Georgia 30326 or such other address as the party
                  to whom notice is to be given may have furnished to the other
                  party in writing.

         9.       PAYMENT OF TAXES. The Holder agrees to pay all documentary
stamp taxes (whether federal, state or local) attributable to the exercise of
this Warrant and the issuance of Shares upon such exercise by delivery of cash
or a certified check payable to the Company in the amount of all such taxes. In
addition, as a condition to the exercise of the Warrant, the Company may require
the Holder to pay or reimburse the Company for any taxes which the

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Company determines are required to be withheld in connection with the grant or
any exercise of this Warrant. Such payment or reimbursement shall be in the
manner set forth in this Section 9.

         10.      MUTILATED OR MISSING WARRANTS. Should this Warrant be
mutilated, lost, stolen or destroyed, the Company may, in its discretion, issue
and deliver in exchange and substitution for, and upon cancellation of, the
mutilated Warrant, or in lieu of and substitution for the lost, stolen or
destroyed Warrant, a new Warrant of like tenor representing an equivalent right
or interest. The Company shall issue and deliver such new Warrant only upon
receipt of evidence reasonably satisfactory to the Company, if requested, of
such loss, theft or destruction of such Warrant and a reasonable indemnity.
Applicants for such substitute Warrants also shall comply with such other
reasonable regulations and pay such other reasonable charges as the Company may
prescribe.

         11.      RESERVATION OF COMMON STOCK, ETC. The Board of Directors of
the Company has approved this Warrant and the Company has reserved (and will
continue to reserve until the earlier of the exercise of this Warrant or the
Expiration Date) out of the authorized and unissued shares of the Common Stock a
number of shares sufficient to provide for the exercise of the rights of
purchase represented by this Warrant. The transfer agent for the Common Stock
(the "Transfer Agent") and every subsequent Transfer Agent for any shares of the
Common Stock issuable upon the exercise of any of the rights of purchase
aforesaid are hereby irrevocably authorized and directed at all times until the
Expiration Date to reserve such number of authorized and unissued shares of the
Common Stock as shall be required for such purpose. The Company will supply such
Transfer Agent with duly executed stock certificates for such purposes. Any
Warrant surrendered in the exercise of the rights hereby evidenced shall be
cancelled, and such cancelled Warrant shall constitute sufficient evidence of
the number of Shares that have been issued upon the exercise of such Warrant. No
shares of Common Stock shall be subject to reservation concerning any Warrant
not exercised on or prior to the Expiration Date.

         12.      ADJUSTMENTS OF WARRANT PRICE AND NUMBER AND KIND OF SHARES.
The Exercise Price and the number and kind of securities purchasable upon the
exercise of this Warrant shall be subject to adjustment from time to time upon
the occurrence of the following events subsequent to the date hereof.

         (a)      In case the Company shall (i) pay a dividend in shares of its
                  capital stock or make a distribution in shares of its capital
                  stock (whether of the Common Stock or of any other class of
                  capital stock), (ii) subdivide its outstanding Common Stock
                  into a greater number of shares or (iii) combine its
                  outstanding Common Stock into a smaller number of shares, then
                  the number of Shares (calculated immediately prior to such
                  change) shall be increased or decreased, as the case may be,
                  in direct proportion to the increase or decrease in the total
                  number of shares of Common Stock of the Company by reason of
                  such change, and the Exercise Price of the Shares after such
                  change shall, in the case of an increase in the number of
                  shares of Common Stock, be proportionately reduced, and, in
                  case of a decrease in the total number of shares of Common
                  Stock, be proportionately increased. An adjustment made
                  pursuant to this Paragraph (a) of this Section 12 shall become
                  effective immediately after the record date for determining
                  stockholders entitled to receive such dividend or distribution
                  in the case of a dividend or distribution in shares of the
                  Company's capital stock and shall become effective immediately

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                  after the effective date in the case of a subdivision,
                  combination or reclassification. If, as a result of an
                  adjustment made pursuant to this Paragraph (a) of this Section
                  12, the Holder shall become entitled to receive shares of two
                  or more classes of capital stock of the Company, the Board of
                  Directors of the Company (whose determination shall be
                  conclusive) shall in good faith determine the allocation of
                  the adjusted exercise price between or among shares of such
                  classes of capital stock.

         (b)      Reorganization, Reclassification. If the Company shall effect
                  any reorganization or reclassification of its capital stock in
                  connection with which a Holder has not exercised this Warrant,
                  then, upon any exercise of this Warrant subsequent to the
                  consummation thereof, such Holder shall be entitled to
                  receive, in lieu of the Common Stock issuable upon exercise
                  immediately prior to such consummation, the highest amount of
                  stock, other securities or property (including cash) to which
                  such Holder would have been entitled upon such consummation if
                  such Holder had exercised this Warrant immediately prior
                  thereto, all subject to further adjustments thereafter as
                  provided in this Section 12.

         (c)      No adjustment in the Exercise Price shall be required unless
                  and until such adjustments would require an increase or
                  decrease of at least five cents ($0.05) in such price;
                  provided, however, that any adjustments that by reason of this
                  Paragraph (b) of this Section 12 are not required to be made
                  shall be carried forward and taken into account in any
                  subsequent adjustment. All calculations under this Section 12
                  shall be made to the nearest cent or to the nearest whole
                  Share, as the case may be.

         (d)      If at any time as a result of any adjustment made pursuant to
                  Paragraph (a) of this Section 12, the Holder of this Warrant
                  shall become entitled to receive any shares of the Company's
                  capital stock other than Common Stock, then the number of such
                  other shares receivable upon exercise of this Warrant shall be
                  subject to adjustment from time to time in a manner and on
                  terms as nearly equivalent as practicable to the provisions
                  concerning the Common Stock contained in Paragraphs (a)
                  through (c), inclusive, of this Section 12.

         (e)      Irrespective of any adjustments in the Exercise Price or the
                  number or kind of Shares or shares of other capital stock of
                  the Company or of others purchasable upon exercise of this
                  Warrant, any warrants theretofore or thereafter issued may
                  continue to express the same price and number and kind of
                  Shares or shares of other capital stock of the Company as are
                  stated in such warrants when initially issued.

         13.      REGISTRATION UNDER THE SECURITIES ACT OF 1933. Neither this
Warrant nor the Shares have been registered under the Act in reliance on
exemption from such registration requirements provided by Section 4(2) of the
Act and Regulation D promulgated thereunder, and under exemptions provided by
applicable state securities laws. The Holder, by its acceptance hereof,
covenants and agrees that it will not transfer or dispose of this Warrant or any
of the Shares except pursuant to (a) an effective registration statement filed
under the Act or (b) an opinion of counsel, reasonably satisfactory to counsel
for the Company, that an exemption from

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the registration requirements under the Act and applicable state securities laws
is available and otherwise in accordance with the conditions set forth in
Section 13 hereof.

         14.      FRACTIONAL INTERESTS. No fractional shares of the Common Stock
will be issued upon the exercise of this Warrant or any future Warrants issued
in replacement hereof, but in lieu thereof a cash payment will be made to the
Holder.

         15.      RIGHTS OF WARRANT HOLDERS. No Holder of this Warrant
Certificate shall be entitled to vote or receive dividends or be deemed the
Holder of Common Stock or any other securities of the Company that may at any
time be issuable upon the exercise hereof for any purpose, nor shall anything
contained herein be construed to confer upon the Holder hereof, as such, any of
the rights of a stockholder of the Company or any right to vote for the election
of directors or upon any matter submitted to stockholders at any meeting
thereof, or to give or withhold consent to any corporate action (whether upon
any recapitalization, issue of stock, reclassification of stock, change of par
value, consolidation, merger, conveyance or otherwise) or to receive notice of
meetings, or to receive dividends or subscription rights or otherwise, until
this Warrant shall have been exercised and the Common Stock purchasable upon the
exercise hereof shall have become deliverable to such Holder.

                             [Signatures Next Page]

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         IN WITNESS WHEREOF, the Company has caused this Warrant to be executed
under seal and delivered as of the date and year first written above.

                                        FLIGHTSERV.COM

                                        BY:  /s/  C.B. Lance
                                           ------------------------------------
                                             PRESIDENT

[CORPORATE SEAL]

Attest:  /s/  Judy Gordon
       --------------------
         Secretary

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                          FORM OF ELECTION TO PURCHASE

TO:      flightserv.com
         3343 Peachtree Road, N.E.
         Suite 530
         Atlanta, Georgia  30326
         Attention:  President

         Pursuant to the Warrant Certificate (herein called the "Certificate"),
dated as of April 30, 1999, granted by flightserv.com (the "Company") to Vance
Executive Protection, Inc. ("Vance"), Vance hereby gives notice that it elects
to exercise the warrant granted under the Certificate with respect to ______
shares of the common stock of the Company as of the date on which this notice is
delivered to the Company, and accordingly hereby agrees to purchase such shares
at the price and on the terms established under the Certificate. To the extent
payment is made by cash, check or shares of the Company's stock previously owned
by the Company, full payment for such shares is enclosed. Such payment consists
of:

         __________      Cash
         __________      Check
         __________      shares of the Company's common stock, _______ of which
                         are previously owned.

         Vance hereby represents and warrants that it is purchasing such shares
for investment purposes only and not with a view to distribution or resale.

         Vance hereby agrees that the warrant granted under the Certificate
shall be deemed to have been exercised to the extent specified in this notice on
the exercise date below the authorizing signature, and Vance hereby warrants
that on such date this notice was delivered to the Company.

                                                 Sincerely,

                                                 -----------------------------
                                                 Title:

DATED:
      ---------------------------<PAGE>   1
EXHIBIT 10.58                                                                  1

                    CORPORATE EXECUTIVE EMPLOYMENT AGREEMENT

THIS CORPORATE EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") is made as of
November 1, 2000 by and between HENRIK C. SLIPSAGER ("Executive"), and ABM
INDUSTRIES INCORPORATED ("Company") for itself and on behalf of its subsidiary
corporations as applicable herein.

WHEREAS, Company is engaged in the building maintenance and related service
businesses, and

WHEREAS, Executive is experienced in the administration, finance, marketing, and
operation of such services, and

WHEREAS, Company has invested significant time and money to develop proprietary
trade secrets and other confidential business information, as well as invaluable
goodwill among its customers, sales prospects and employees, and

WHEREAS, Executive wishes to, or has been and desires to remain employed by
Company, and to utilize such proprietary trade secrets, other confidential
business information and goodwill, and

WHEREAS, Company has disclosed or will disclose to Executive such proprietary
trade secrets and other confidential business information which Executive will
utilize in the performance of this Agreement;

NOW THEREFORE, Executive and Company agree as follows:

A.     EMPLOYMENT: Company hereby agrees to employ Executive, and Executive
       hereby accepts such employment, on the terms and conditions set forth in
       this Agreement.

B.     TITLE: Executive's title shall be President & Chief Executive Officer of
       Company.

C.     DUTIES & RESPONSIBILITIES: Executive shall be expected to assume and
       perform such executive or managerial duties and responsibilities as are
       assigned from time-to-time by the Board of Directors of Company, to whom
       Executive shall report and be accountable.

D.     TERM OF AGREEMENT: Employment hereunder shall commence on November 1,
       2000 for a term of three (3) years ("Initial Term"), unless sooner
       terminated pursuant to Paragraph O hereof, or later extended pursuant to
       Paragraph N hereof ("Extended Term").

E.     PRINCIPAL OFFICE: During the Initial Term and any Extended Term, as
       applicable, of this Agreement, Executive shall be based at a Company
       office located in the County of San Francisco ("County of Employment"),
       California ("State of Employment).

F.     COMPENSATION: Company agrees to compensate Executive, and Executive
       agrees to accept as compensation in full, for Executive's assumption and
       performance of duties and responsibilities pursuant to this Agreement:

       1.     SALARY: A base salary paid in equal installments of no less
              frequently than semi- monthly at the annual rate set forth in
              Paragraph X.1 hereof.

       2.     BONUS: A bonus or other incentive or contingent compensation, if
              any, pursuant to Paragraph X.2 hereof, and the bonus set forth in
              Paragraph X.4, hereof.

       3.     FRINGE BENEFITS: The then current fringe benefits generally
              provided by Company to all of its Executives. Such benefits may
              include but not be limited to the use of a Company-leased car or a
              car allowance, group health benefits, long-term disability
              benefits, group life insurance, sick leave and vacation, and a
              service award.

<PAGE>   2

EXHIBIT 10.58                                                                  2

              benefit. Each of these fringe benefits is subject to the
              applicable Company policy at all times. Company reserves the right
              to add, increase, reduce or eliminate any fringe benefit at any
              time, but no such benefit or benefits shall be reduced or
              eliminated as to Executive unless generally reduced or eliminated
              as to comparable executives within the Company.

G.     PAYMENT OR REIMBURSEMENT OF BUSINESS EXPENSES: Company shall pay directly
       or reimburse Executive for reasonable business expenses of Company
       incurred by Executive in connection with Company business, and approved
       in writing by the person(s) with the title set forth in Paragraph C
       hereof, upon presentation to such person(s) by Executive within sixty
       (60) days after incurring such expense of an itemized request for payment
       including the date, nature, recipient, purpose and amount of each such
       expense, accompanied by receipts for all such expenses in excess of
       Twenty-Five Dollars ($25) each.

H.     BUSINESS CONDUCT: Executive shall make reasonable best efforts to comply
       with all applicable laws pertaining to the performance of this Agreement,
       and with all lawful and ethical rules, regulations, policies, procedures
       and instructions of Company, including but not limited to the following:

       1.     GOOD FAITH: Executive shall not act in any way contrary to the
              best interest of Company.

       2.     BEST EFFORTS: During all full-time employment hereunder, Executive
              shall devote full working time and attention to Company, and shall
              not at any time be directly or indirectly employed by, own,
              operate, assist or otherwise be involved, invested or associated
              in any business that is similar or competitive to any business of
              Company; except that Executive may own up to five percent (5%) of
              any such publicly-held business(es), provided that Executive: (a)
              shall give Company notice(s) of such ownership in accordance with
              Paragraph W hereof, and (b) shall not at any time be directly or
              indirectly employed by or operate, assist, or otherwise be
              involved or associated with any such business(es).

       3.     VERACITY: Executive shall make no claims or promises to any
              employee, supplier, contractor, customer or sales prospect of
              Company that are unauthorized by Company or are in any way untrue.

       4.     DRIVER'S LICENSE: Executive shall have and carry a valid driver's
              license issued by the State of Employment hereunder and a driver's
              permit issued by the Company whenever Executive is driving any
              motor vehicle in connection with Company business. Executive
              agrees to immediately notify Company in writing if Executive's
              driver's license is lost, expired, restricted, suspended or
              revoked for any reason whatsoever.

I.     NO CONFLICT: Executive represents to Company that Executive is not bound
       by any contract with a previous employer or with any other business that
       might prevent Executive from entering into this Agreement or disclosing
       information about any previous employer or any other business to Company,
       or might otherwise interfere with Executive's employment hereunder.

J.     COMPANY PROPERTY: Company shall, from time to time, entrust to the care,
       custody and control of Executive certain of Company's property, such as
       motor vehicles, equipment, supplies and documents. Such documents may
       include, but shall not be limited to customer lists, financial
       statements, cost data, price lists, invoices, forms, electronic files and
       media, mailing lists, contracts, reports, manuals, personnel files or
       directories, correspondence, business cards, copies or notes made from
       Company documents and documents compiled or prepared by Executive for
       Executive's use in connection with Company business. Executive
<PAGE>   3

EXHIBIT 10.58                                                                  3

       specifically acknowledges that all such documents are the property of
       Company, notwithstanding their preparation, care, custody, control or
       possession by Executive at any time(s) whatsoever.

K.     GOODWILL & PROPRIETARY INFORMATION: In connection with Executive's
       employment hereunder:

       1.     Executive agrees to utilize and further Company's goodwill
              ("Goodwill") among its customers, sales prospects and employees,
              and acknowledges that Company may disclose to Executive and
              Executive may disclose to Company, proprietary trade secrets and
              other confidential information not in the public domain
              ("Proprietary Information") including but not limited to specific
              customer data such as: (a) the identity of Company's customers and
              sales prospects, (b) the nature, extent, frequency, methodology,
              cost, price and profit associated with their services and products
              purchased from Company, (c) any particular needs or preferences
              regarding their service or supply requirements, (d) the names,
              office hours, telephone numbers and street addresses of their
              purchasing agents or other buyers, (e) their billing procedures,
              (f) their credit limits and payment practices, and (g) their
              organization structure.

       2.     Executive agrees that such Proprietary Information and Goodwill
              have unique value to Company, are not generally known or readily
              available to Company's competitors, and could only be developed by
              others after investing significant time and money. Company would
              not make such Proprietary Information and Goodwill available to
              Executive unless Company is assured that all such Proprietary
              Information and Goodwill will be held in trust and confidence by
              Executive. Executive hereby acknowledges that to use this
              Proprietary Information and Goodwill except for the benefit of
              Company would be improper and unfair to Company.

L.     RESTRICTIVE COVENANTS: In recognition of Paragraph K hereof, Executive
       hereby agrees that during the Initial Term and the Extended Term, if any,
       of this Agreement, and thereafter for as long as it shall be enforceable:

       1.     Except in the proper performance of this Agreement, Executive
              shall not directly or indirectly solicit or otherwise encourage or
              arrange for any employee to terminate employment with Company.

       2.     Except in the proper performance of this Agreement, Executive
              shall not directly or indirectly disclose or deliver to any other
              person or business, any Proprietary Information obtained directly
              or indirectly by Executive from, or for, Company.

       3.     Executive shall not seek, solicit, divert, take away, obtain or
              accept the patronage of any customer or sales prospect of Company
              through the direct or indirect use of any Proprietary Information
              of Company, or by any other unfair or unlawful business practice.

       4.     Executive agrees that for a reasonable time after the termination
              of this Agreement, which Executive and Company hereby agree to be
              one (1) year, Executive shall not directly or indirectly, for
              Executive or for any other person or business, seek, solicit,
              divert, take away, obtain or accept any site-specific customer
              account or site-specific sales prospect with which Executive had
              direct business involvement on behalf of Company within the one
              (1) year period prior to termination of this Agreement.

       5.     Nothing in this Agreement shall be binding upon the parties to the
              extent it is void or unenforceable for any reason in the State of
              Employment, including, without limitation, as a result of any law
              regulating competition or proscribing unlawful business practices.

M.     MODIFICATION OF EMPLOYMENT: At any time during the then current Initial
       or Extended Term, as applicable, of this Agreement, a majority of the
       Board of Directors of

<PAGE>   4

EXHIBIT 10.58                                                                  4

       Company shall have the absolute right, with or without cause and without
       terminating this Agreement or Executive's employment hereunder, to modify
       the nature of Executive's employment for the remainder of the then
       current Initial or Extended Term, as applicable, of this Agreement, from
       that of a full-time employee to that of a part-time employee
       ("Modification Period"). The Modification Period shall commence
       immediately upon Company giving Executive written notice of such change.

       1.     Upon commencement of the Modification Period: (a) Executive shall
              immediately resign as a full-time employee of Company and as an
              officer and/or director of Company, as applicable, (b) Executive
              shall promptly return all Company property in Executive's
              possession to Company, including but not limited to any motor
              vehicles, equipment, supplies and documents set forth in Paragraph
              J hereof, and (c) Company shall pay Executive all previously
              earned and vested but as yet unpaid, salary, prorated bonus or
              other contingent compensation, reimbursement of business expenses
              and fringe benefits.

       2.     During the Modification Period: (a) Company shall continue to pay
              Executive's monthly salary pursuant to Paragraph F.1 hereof, and
              to the extent available under the Company's group insurance
              policies, continue to provide Executive with the same group health
              and life insurance (subject to Executive continuing to pay the
              employee portion of any such premium) to which Executive would be
              entitled as a full-time employee, with the understanding and
              agreement that such monthly salary and group insurance, if
              available, shall constitute the full extent of Company's
              obligation to compensate Executive, (b) Executive shall not be
              eligible or entitled to receive or participate in any bonus or
              fringe benefits other than the aforementioned group insurance, if
              available, (c) in the alternative, Executive may exercise rights
              under COBRA to obtain medical insurance coverage as may be
              available to Executive, (d) Executive shall be deemed a part-time
              employee and not a full-time employee of Company, (e) Executive
              shall provide Company with such occasional executive or managerial
              services as reasonably requested by the persons with the title set
              forth in Paragraph C hereof, except that failure to render such
              services by reason of any physical or mental illness or disability
              other than Total Disability or death as set forth in Paragraph O.2
              hereof, or unavailability because of absence from the State of
              Employment hereunder, shall not affect Executive's right to
              receive such salary and (f) Company shall pay directly or
              reimburse Executive in accordance with the provisions of Paragraph
              G hereof for reasonable business expenses of Company incurred by
              Executive in connection with such services requested by the
              persons with the title set forth in Paragraph C hereof.

       3.     The Modification Period shall continue until the earlier of: (a)
              Total Disability or death as set forth in Paragraph O.2 hereof,
              (b) termination of this Agreement by Company for "just cause" as
              hereinafter defined, (c) Executive accepting employment or
              receiving any other compensation from operating, assisting or
              otherwise being involved, invested or associated with any business
              that is similar to or competitive with any business in which
              Company is engaged on the commencement date of the Modification
              Period, or (d) expiration of the then current Term of this
              Agreement.

N.     EXTENSION OF EMPLOYMENT: Absent at least ninety (90) days written Notice
       of Termination from either party to the other party prior to expiration
       of the then Initial or Extended Term, as applicable, of this Agreement,
       employment hereunder shall continue for an Extended Term (or another
       Extended Term, as applicable) of three (3) years, by which Executive and
       Company intend that all terms and conditions of this Agreement shall
       remain in full force and effect for another thirty-six (36) months,
       except that the highest base salary specified in Paragraph X.1.a shall be
       increased annually as set forth in Paragraph X.1.b for each year of the
       Extended Term. Company has the option, without terminating this Agreement
       or Executive's employment hereunder, of placing Executive on a leave of
       absence at the full

<PAGE>   5

EXHIBIT 10.58                                                                  5

       compensation set forth in Paragraph F hereof for any or all of such
       ninety (90) day period in lieu of the aforementioned Notice of
       Termination.

O.     TERMINATION OF EMPLOYMENT:

         1.   a.   Termination of employment at the expiration of the then
                   current Initial or Extended Term shall be effective with or
                   without cause.

              b.   Except as provided in Paragraph O.1.a, the Company shall have
                   the right to terminate Executive's employment hereunder at
                   any time during the then current Initial or Extended Term, as
                   applicable, of this Agreement, without notice subject only to
                   a good faith determination by a majority of the Board of
                   Directors of Company of "just cause." "Just cause" includes
                   but is not limited to any theft or other dishonesty, or any
                   material: (i) neglect of employment duties, (ii) inability or
                   unwillingness to perform employment duties, (iii)
                   insubordination, (iv) abuse of alcohol or other drugs, (v)
                   breach of this Agreement; or for (vi) other misconduct,
                   unethical or unlawful activity.

              c.   At any time during the then current Initial or Extended Term,
                   as applicable, of this Agreement, with or without cause,
                   Executive may terminate employment hereunder by giving
                   Company ninety (90) days prior written notice.

       2.     Employment hereunder shall automatically terminate upon the total
              disability ("Total Disability") or death of Executive. Total
              Disability shall be deemed to occur on the ninetieth (90th)
              consecutive or non-consecutive calendar day within any twelve (12)
              month period that Executive is unable to perform the duties set
              forth in Paragraph C hereof because of any physical or mental
              illness or disability. Company shall pay when due to Executive or
              his estate, as applicable, all prorated salary, bonus or other
              contingent compensation, reimbursement of business expenses and
              fringe benefits which would have otherwise been payable to
              Executive under this Agreement, through the end of the month in
              which Total Disability or death occurs.

       3.     Upon termination of employment hereunder, Executive shall
              immediately resign as an employee of Company and as an officer
              and/or director of Company, as applicable. Executive shall
              promptly return all Company property in Executive's possession to
              Company, including but not limited to, any motor vehicles,
              equipment, supplies and documents set forth in Paragraph J hereof.
              Company shall pay Executive, when due, all previously earned and
              vested but as yet unpaid, salary, bonus or other contingent
              compensation, reimbursement of business expenses and fringe
              benefits.

       4.     Nothing contained in this Agreement shall entitle Executive to
              receive a bonus or other incentive or contingent compensation from
              Company based on any sales or profits made by Company after
              termination of employment hereunder.

P.     GOVERNING LAW: This Agreement shall be interpreted and enforced in
       accordance with the laws of the State of Employment hereunder.

Q.     ARBITRATION CLAUSE:

       1.     Except for the interpretation and enforcement of injunctive relief
              pursuant to Paragraph R hereof (which, at Company's option, shall
              be subject to litigation in any court having proper jurisdiction),
              any claim or dispute related to or arising from this Agreement
              (whether based in contract or tort, in law or equity) including,
              but not limited to, claims or disputes between Executive and
              Company or its directors, officers, employees and agents regarding
              Executive's employment or termination of employment hereunder, or
              any other business of Company, shall be resolved by mandatory,
              final, binding

<PAGE>   6

EXHIBIT 10.58                                                                  6

              arbitration in accordance with the rules of the American
              Arbitration Association; provided, however, that no party shall be
              entitled to an award of general or punitive damages hereunder.

       2.     Any such arbitration must be requested in writing within one (1)
              year from the date the party initiating the arbitration knew or
              should have known about the claim or dispute, or all claims
              arising from that dispute are forever waived. Any such arbitration
              (or court proceeding as applicable hereunder) shall be held in the
              County of Employment. Judgment upon the award rendered through
              such arbitration may be entered and enforced in any court having
              proper jurisdiction.

R.     REMEDIES & DAMAGES:

       1.     The parties agree that, in the event of a material breach or
              threatened material breach of Paragraph L hereof, the damage or
              imminent damage to the value of Company's business shall be
              inestimable, and therefore any remedy at law or in damages shall
              be inadequate. Accordingly, the parties hereto agree that Company
              shall be entitled to the immediate issuance of a restraining order
              or an injunction against Executive in the event of such breach or
              threatened breach, in addition to any other relief available to
              Company pursuant to this Agreement or under law.

       2.     Executive agrees that the actual amount of damages resulting from
              any material breach of any of the provisions of Paragraph L hereof
              would be impractical or impossible to ascertain. It is therefore
              agreed that the damages resulting from any such breach which
              involves any customer of Company shall be liquidated damages, not
              a penalty, in an amount equal to four (4) times the lost monthly
              revenue to the Company based on the average monthly revenue which
              was payable by that customer to Company during the four (4) months
              immediately preceding such breach. This provision for liquidated
              damages is in addition to any other relief available to Company
              pursuant to this Agreement or under law.

       3.     To the full extent permitted under the laws of the State of
              Employment hereunder, Executive authorizes Company to withhold
              from Executive's compensation and from any other funds held for
              Executive's benefit by Company, any damages or losses sustained by
              Company as a result of any material breach or other material
              violation of this Agreement by Executive, pending arbitration
              between the parties as provided for herein.

S.     NO WAIVER: Failure by either party to enforce any term or condition of
       this Agreement at any time shall not preclude that party from enforcing
       that provision, or any other provision of this Agreement, at any later
       time.

T.     SEVERABILITY: The provisions of this Agreement are severable. If any
       arbitrator (or court as applicable hereunder) rules that any portion of
       this Agreement is invalid or unenforceable, the arbitrator's or court's
       ruling shall not affect the validity and enforceability of other
       provisions of this Agreement. It is the intent of the parties that if any
       provision of this Agreement is ruled to be overly broad, the arbitrator
       or court shall interpret such provision with as much permissible breadth
       as is allowable under law rather than to consider such provision void.

U.     SURVIVAL: All terms and conditions of this Agreement which by reasonable
       implication are meant to survive the termination of this Agreement,
       including but not limited to, the Restrictive Covenants and Arbitration
       Clause herein, shall remain in full force and effect after the
       termination of this Agreement.

V.     CONSTRUCTION: This Agreement was negotiated in good faith by the parties
       hereto, who

<PAGE>   7

EXHIBIT 10.58                                                                  7

       hereby agree to share the responsibility for any ambiguities,
       uncertainties or inconsistencies herein. Paragraph headings are used
       herein only for ease of reference, and shall not in any way affect the
       interpretation or enforcement of this Agreement.

W.     NOTICES:

       1.     Any notice required or permitted to be given pursuant to this
              Agreement shall be in writing and delivered in person, or sent
              prepaid by certified mail, bonded messenger or overnight express,
              to the party named at the address set forth below or at such other
              address as either party may hereafter designate in writing to the
              other party:

                  EXECUTIVE:        HENRIK C. SLIPSAGER
                                    17 Stratton Road
                                    Purchase, NY 10577

                  COMPANY:          ABM INDUSTRIES INCORPORATED
                                    160 Pacific Avenue, Suite 222
                                    San Francisco, CA  94111
                                    Attention:  Chairman of the Board

                  COPY:             ABM INDUSTRIES INCORPORATED
                                    160 Pacific Avenue, Suite 222
                                    San Francisco, CA  94111
                                    Attention:  General Counsel

       2.     Any such notice shall be assumed to have been received when
              delivered in person, or forty-eight (48) hours after being sent in
              the manner specified above.

X.     SPECIAL PROVISIONS:

       1.     SALARY:

              a.     Six Hundred Fifty Thousand Dollars ($650,000) per year
                     effective 11/1/00 through 10/31/2001 at the monthly rate of
                     $54,166.67 payable semi-monthly.

              b.     Effective 11/1/01 through 10/31/02, and for each year of
                     the then current Initial or Extended Term of this
                     Agreement, as applicable, the Salary in Paragraph X.1a will
                     be adjusted upward annually to reflect the percentage
                     increase change in the American Compensation Association
                     ("ACA") Index for the Western Region ("ACA Index") with a
                     (6%) maximum increase. The adjustment, if any, shall be
                     based upon the projected ACA Index as published for the ACA
                     fiscal year ending on the June 30th immediately preceding
                     the effective date of the proposed increase hereunder.
                     Notwithstanding the foregoing, there shall be no annual
                     increase in Salary for any such year unless the Company's
                     earning per share ("EPS") for the fiscal year of the
                     Company (commencing November 1, and ending October 31st)
                     ("Fiscal Year") then ending are equal to or greater than
                     the Company's EPS for the previous Fiscal Year. There shall
                     be no downward adjustment in salary in the event the ACA
                     Index shows a decrease from the prior Fiscal Year.

       2.     BONUS: Subject to proration in the event of modification or
              termination of employment hereunder and further subject to the
              potential prospective re-set provisions set forth in Paragraph
              X.2.c, Executive shall be paid a bonus ("Bonus") based on the
              profit ("Profit") for each Fiscal Year, or partial Fiscal Year, of
              employment hereunder during the Term, and during the Extended
              Term, if any, of this Agreement:
<PAGE>   8

EXHIBIT 10.58                                                                  8

              a.     Such Bonus for each Fiscal Year shall be: (i) 0.1298% of
                     the Company's Profit, plus (ii) 1.2117% of the amount of
                     any increase in the Company's Profit over the previous
                     Fiscal Years Profit, all on a pro-rata basis.

              b.     Profit is defined as the consolidated income before income
                     taxes of Company, excluding: (i) gains or losses on sales
                     or exchanges of real property or on sales or exchanges of
                     all or substantially all of the stock or assets of a
                     subsidiary corporation or any other business unit of
                     Company, (ii) gains or losses on the discontinuation of any
                     business unit of Company, and (iii) the discretionary
                     portion of any contributions made to any profit sharing,
                     service award, employee retirement or savings or similar
                     plan.

              c.     Subject to proration in the event of modification or
                     termination of employment under this Agreement, and further
                     subject to a re-set in the event Executive's Bonus for any
                     Fiscal Year has been limited as hereinafter provided,
                     Executive's maximum Bonus for each Fiscal Year shall be one
                     hundred percent (100%) the Salary for that year set forth
                     in Paragraph X.1 herein. If, however, in any completed
                     Fiscal Year, the Bonus which might have been earned by
                     Executive for that year exceeds said one hundred percent
                     (100%) maximum, Executive's Salary and Bonus for the next
                     year shall be re-computed as follows: (i) notwithstanding
                     the six percent (6%) maximum set forth hereinabove, the
                     Salary set forth in Paragraph X.1 shall be adjusted to
                     equal seventy-five percent (75%) of the prior Fiscal Year's
                     combined Salary and Bonus, plus an amount equal to the
                     increase, if any, set forth in Paragraph X.1 based upon
                     said ACA Index; and (ii) the Bonus percentage set forth in
                     Paragraph X.2.a shall be adjusted by multiplying the prior
                     Fiscal Year's combined Salary and Bonus by twenty-five
                     percent (25%), and dividing that product by the actual
                     Profit earned in the prior Fiscal Year.

              d.     Executive shall have the right to obtain an advance against
                     such Bonus at the end of each month of each Fiscal Year in
                     an amount equal to fifty percent (50% of, or 0.5 times) the
                     projected amount of such Bonus based on the Profit at that
                     time.

              e.     The independent public accounting firm for the Company
                     shall determine the Profit and Bonus for each Fiscal Year.
                     Company shall pay Executive the Bonus for the Fiscal Year
                     (or the balance thereof after any advances) when such
                     accounting firm has made such determination, but no later
                     than ninety (90) days after the end of each Fiscal Year.
                     The Bonus for any partial Fiscal Year shall be prorated for
                     the fraction of the Fiscal Year for which such Bonus is
                     payable. Absent bad faith or material error, the
                     conclusions of such accounting firm or department with
                     respect to the amounts of the Profits and Bonuses shall be
                     conclusive upon Executive and Company.

              f.     Notwithstanding the foregoing, no Bonus for any Fiscal Year
                     of the Company shall be payable unless the Company's net
                     income per share for the Fiscal Year then ending is equal
                     to or greater than eighty percent (80%) of the Company's
                     net income per share for the previous Fiscal Year of the
                     Company.

       3.     POST-EMPLOYMENT CONSULTANCY: After Executive's retirement,
              resignation and/or termination from employment with Company, but
              commencing no earlier than what is or would have been Executive's
              sixty-fifth (65th) birthday and concluding no later than ten (10)
              years thereafter ("Consultancy Period"), Company shall pay to
              Executive consulting fees ("Consulting Fees") of:

<PAGE>   9

EXHIBIT 10.58                                                                  9

              a.     120 equal monthly installments accrued at 1/120th of
                     $120,000 for each month of employment completed by
                     Executive from January 1, 1997 through December 31, 2006;
                     plus

              b.     120 equal monthly installments accrued at 1/60th of $30,000
                     for each month of employment completed by Executive from
                     March 1, 1998 through February 29, 2003; plus

              c.     120 equal monthly installments accrued at 1/60th of
                     $850,000 for each month of employment completed by
                     Executive from November 1, 2000 through October 31, 2005.

              d.     The total amount of all such Consulting Fees shall not
                     exceed One Million Dollars ($1,000,000).

              e.     During the Consultancy Period, the Company shall provide
                     Executive and his spouse with reimbursement for dental
                     coverage comparable to that provided to other Company
                     executive officers together with the coverage commonly
                     known as Medicare Supplement or Medigap Insurance to
                     supplement Medicare coverage furnished by the federal
                     government to retirees; provided however that Executive and
                     his spouse shall pay Company the then current premium
                     contribution charged by Company to its executive officers
                     for their medical and dental coverage, and Company's cost
                     of such reimbursement shall not exceed a combined amount of
                     $10,000 in any Fiscal Year for Executive and his spouse, or
                     $5,000 in the event of the death of either.

                     (i)    During the Consultancy Period: (a) Executive shall
                            provide Company with such occasional executive or
                            managerial services as reasonably requested by the
                            person with the title set forth in Paragraph C
                            hereof, except that failure to render such services
                            by reason of death or disability, or unavailability
                            because of absence from the County of Employment,
                            shall not affect Executive's right to receive such
                            Consulting Fees, (b) Company shall pay directly or
                            reimburse Executive for reasonable business expenses
                            of Company incurred by Executive in connection with
                            such services requested by the persons with the
                            title set forth in Paragraph C hereof, upon
                            presentation to that person by Executive within
                            sixty (60) days after incurring such expense of an
                            itemized request for payment including the date,
                            receipts for all such expenses in excess of
                            Twenty-Five Dollars ($25) each, (c) Company shall
                            pay Executive's Consulting Fees pursuant to this
                            Paragraph X.3 herein, (d) Executive shall not be
                            eligible or entitled to receive or participate in
                            any other of the Company's then current fringe
                            benefits, and (e) Executive shall be deemed an
                            independent contractor and not an employee of
                            Company.

                     (ii)   If Executive dies before receiving any or all
                            payments to Executive of such Consulting Fees, all
                            unpaid Consulting Fees shall be paid monthly to
                            Executive's estate or trust continuing or commencing
                            from the month in which Executive would have reached
                            Executive's sixty-fifth (65th) birthday.

       4.     SPECIAL BONUS: On or before January 2, 2001, Company shall pay to
              Executive a special, one-time "signing" bonus in the amount of
              Fifty Thousand Dollars ($50,000).

Y.     SCOPE OF CERTAIN PROVISIONS: All references to Company in Paragraphs H,
       I, J, K, L., M, N, O.3, O.4, Q, R and Z in this Agreement shall include
       Company, its affiliated and its subsidiary corporations.

<PAGE>   10

EXHIBIT 10.58                                                                 10

Z.     ENTIRE AGREEMENT: Unless otherwise specified herein, this Agreement sets
       forth every contract, understanding and arrangement as to the employment
       relationship between Executive and Company, and may only be changed by a
       written amendment signed by both Executive and Company.

       1.     The parties intend that this Agreement speak for itself, and that
              no evidence with respect to its terms and conditions other than
              this Agreement itself may be introduced in any arbitration or
              judicial proceeding to interpret or enforce this Agreement.

       2.     It is specifically understood and accepted that this Agreement
              supersedes all oral and written employment agreements between
              Executive and Company prior to the date hereof, as well as all
              applicable provisions of Company's Guidelines For Corporate
              Approval and its Personnel Policy & Procedures Manual, including
              but not limited to, the termination, discipline and discharge
              provisions contained therein. Said Guidelines and Manual are not
              an Agreement between Executive and Company, nor shall they be
              binding on either party. The purpose and intent of said Guidelines
              and Manual are only to suggest guidance for Company managers to
              apply as they see fit on a case by case basis.

ZZ.    FULL KNOWLEDGE & UNDERSTANDING: Executive and Company hereby acknowledge
       that they have carefully read and fully understand all terms and
       conditions of this Agreement, and that they are voluntarily entering into
       this Agreement with full knowledge of the benefits and burdens, and the
       risks and rewards, contained herein.

IN WITNESS WHEREOF, Executive and Company have executed this Agreement as of the
date set forth above:

         EXECUTIVE:  Signature:           /s/ Henrik C. Slipsager
                                   ---------------------------------------------

                     Date:                September 5, 2000
                                   ---------------------------------------------

         COMPANY:    By:                  Martinn Mandles
                                   ---------------------------------------------

                     Date:                September 5, 2000
                                   ---------------------------------------------

                     Signature:           /s/ Martinn Mandles
                                   ---------------------------------------------

                     Title:               Chairman/CAO
                                   ---------------------------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}]]