Document:

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                                                                     Exhibit 4.5

                                                                  EXECUTION COPY

                       FOURTH AMENDMENT TO SECOND AMENDED
                           AND RESTATED LOAN AGREEMENT

         THIS FOURTH AMENDMENT to the SECOND AMENDED AND RESTATED LOAN AGREEMENT
dated as of October 31, 2003 between EMS TECHNOLOGIES, INC. (formerly
Electromagnetic Sciences, Inc.), a Georgia corporation (the "Borrower"), and
SUNTRUST BANK (f/k/a SunTrust Bank, Atlanta), a Georgia banking corporation (the
"Lender").

                                   WITNESSETH:

         WHEREAS, the Borrower and the Lender have entered into the Second
Amended and Restated Loan Agreement dated as of November 9, 1998, as amended by
the First Amendment and Consent dated as of January 29, 1999, by the Second
Amendment to the Second Amended and Restated Loan Agreement dated as of February
24, 1999 and by the Third Amendment to the Second Amended and Restated Loan
Agreement dated as of July 31, 2001 (as so amended, the "Agreement");

         WHEREAS, the Borrower and the Lender have agreed on the terms and
conditions as hereinafter set forth, to amend the Agreement (a) to extend the
Commitment Termination Date to August 31, 2004, (b) to amend certain definitions
therein and (c) to make certain other changes to the Agreement in connection
with the execution and delivery of the Security Agreement; and

         WHEREAS, pursuant to Section 4.12 of the Agreement, the Lender is
requiring the Borrower and each Domestic Subsidiary Guarantor, which on the date
of this Fourth Amendment is only LXE Inc., to enter into a Security Agreement
substantially in the form of Exhibit A attached to this Amendment.

         NOW, THEREFORE, for and in consideration of the mutual premises,
covenants and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

SECTION 1. DEFINED TERMS. Capitalized terms which are used herein without
definition and which are defined in the Agreement shall have the same meanings
herein as in the Agreement.

SECTION 2. AMENDMENTS TO AGREEMENT. The Agreement is hereby amended as follows:

         (A)      Section 1.1(a) is hereby amended by deleting in the first
                  sentence thereof "November 30, 2003 (the " Commitment
                  Termination Date")" and substituting "August 31, 2004 (the
                  "Commitment Termination Date")" therefor. It shall be
                  understood and agreed by all parties hereto that hereafter all
                  references to "Commitment Termination Date" in the Agreement,
                  the Facility B Note and all other Loan Documents shall mean
                  August 31, 2004.

         (B)      Section 7.1(j) is hereby amended by deleting the existing
                  language in its entirety and substituting the following
                  therefor:

                           (j) Any Loan Document, at any time after its
                           execution and delivery, for any reason shall cease to
                           be in full force and effect or shall be declared null
                           and void, or the validity or enforceability thereof
                           shall be contested by the Borrower or any Subsidiary
                           Guarantor, or the Borrower or any Subsidiary
                           Guarantor shall deny that it has any further
                           liability or obligation, or shall fail to perform its
                           obligations, under any Loan Document to which the
                           Borrower or any Subsidiary Guarantor is a party
                           (except in each case where a Subsidiary Guarantor
                           party to any Loan Document is permitted to be merged
                           into another Person without being the

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                           surviving corporation pursuant to Section 5.2
                           hereof);

         (C)      Section 8.1 is amended by:

                  (1)      Deleting the existing definition of "Applicable
                           Margin" and substituting the following therefor:

                               "Applicable Margin" shall mean (a) with
                               respect to LIBOR Advances, 3.00% per annum
                               and (b) with respect to Base Rate Advances,
                               0.00% per annum..

                  (2)      Adding a new definition in the appropriate
                           alphabetical order:

                           "Security Agreements" shall mean, collectively, (a)
                           that certain Commercial Security Agreement dated as
                           of October 31, 2003 between the Borrower and the
                           Lender, and (b) that certain Commercial Security
                           Agreement dated as of October 31, 2003 between LXE
                           Inc. and the Lender, each as amended, supplemented or
                           otherwise modified.

SECTION 3. ACKNOWLEDGMENT OF SUBSIDIARY GUARANTORS. The Domestic Subsidiary
Guarantor under the Domestic Subsidiary Guaranty and EMS Technologies Canada,
Ltd. under the CAL Corporation Guaranty, by their execution of this Fourth
Amendment, hereby acknowledge and agree to the terms and conditions hereof and
hereby confirm that each of the Domestic Subsidiary Guaranty and the CAL
Corporation Guaranty dated November 9, 1998 remains in full force and effect.

SECTION 4. CONDITIONS PRECEDENT. This Fourth Amendment shall become effective
upon the receipt by the Lender of (i) this Fourth Amendment duly executed by the
Borrower and acknowledged by the Subsidiary Guarantors pursuant to Paragraph 3
of this Fourth Amendment, (ii) the Security Agreements, duly executed by each of
the Borrower and LXE Inc., respectively, and (iii) a certificate of the
Secretary or Assistant Secretary of each of the Borrower and LXE Inc. attaching
and certifying copies of the resolutions of its respective boards of directors,
authorizing the execution, delivery and performance of this Amendment in the
case of the Borrower only and in each case, the Security Agreement to which it
is a party, and certifying the name, title and true signature of each officer of
each of the Borrower and LXE Inc. executing this Amendment, in the case of the
Borrower and in each case, the Security Agreement to which it is a party.

SECTION 5. REPRESENTATIONS AND WARRANTIES. The Borrower represents and warrants,
on and as of the date of this Fourth Amendment, that:

         (a)      The execution and delivery by Borrower of this Fourth
Amendment and the Security Agreement to which it is a party are within the
corporate authority of Borrower, have been duly authorized by all requisite
shareholder and corporate action on the part of Borrower and do not and will not
(i) violate any provision of any law, rule or regulation, any judgment, order or
ruling of any court or governmental agency, the organizational papers or by-laws
of Borrower, or any indenture, material agreement or other material instrument
to which Borrower is a party or by which Borrower or any of its properties is
bound, or (ii) be in conflict with, result in a breach of, or constitute with
notice or lapse of time or both a default under any such indenture, material
agreement or other material instrument. Each of this Fourth Amendment and the
Security Agreement to which it is a party has been duly executed by the
Borrower.

         (b)      The Agreement, as amended by this Fourth Amendment, remains in
full force and effect and constitutes the legal, valid and binding obligations
of the Borrower, enforceable in accordance with its terms, except as limited by
bankruptcy, insolvency, reorganization, moratorium or similar laws relating to
or affecting generally the enforcement of creditor's rights.

         (c)      After giving effect to this Fourth Amendment, no Default or
Event of Default exists.

SECTION 6. MISCELLANEOUS PROVISIONS.

         (a)      RATIFICATION. The Borrower hereby restates, ratifies and
reaffirms each and every term, covenant and

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condition set forth in the Agreement, as hereby amended, effective as of the
date hereof.

         (b)      COUNTERPARTS. This Fourth Amendment may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed and delivered shall be deemed to be an original,
and all counterparts, taken together, shall constitute but one and the same
document.

         (c)      GOVERNING LAW. THIS FOURTH AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAW OF THE STATE OF GEORGIA.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK. SIGNATURES APPEAR ON FOLLOWING
                                     PAGE]

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         IN WITNESS WHEREOF, the parties have duly executed and delivered this
Fourth Amendment as of the date first above written.

                             EMS TECHNOLOGIES, INC.

                             By_____/s/_________________________________________
                                  Name: Don T. Scartz
                                  Title: Executive Vice President and Chief
                                  Financial Officer

                             SUNTRUST BANK

                             By_________________________________________________
                                  Name: Brian K. Peters
                                  Title: Managing Director

Acknowledged and agreed to this
31st day of October, 2003.

"SUBSIDIARY GUARANTOR"

LXE Inc.

By___/s/__________________________
Name: William S. Jacobs
Title: Vice President

EMS Technologies Canada, Ltd. f/k/a CAL Corporation

By __/s/__________________________
Name: William S. Jacobs
Title: Vice President

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[SUN TRUST LOGO]                                   COMMERCIAL SECURITY AGREEMENT
                       INVENTORY, ACCOUNTS, EQUIPMENT, GENERAL INTANGIBLES, ETC.

This Security Agreement dated as of 31 , 2003 , by LXE INC.

________________(the "Owner") for the use and benefit of SunTrust Bank, its
present and future affiliates and their successors and assigns ("SunTrust")
provides:

In order to induce SunTrust from time to time to enter into agreements with and
to extend or continue to extend credit to

EMS TECHNOLOGIES, INC.

(and any one or more and any combination if more than one, the "Borrower"), the
Owner (which may include the Borrower) hereby grants, sells, assigns, transfers
and conveys to SunTrust, a security interest in the Collateral and all Proceeds
(as such term is defined in the Uniform Commercial Code), products, rents and
profits thereof and all substitutions and replacements therefore and all
revenues from the right to use the Collateral to secure the prompt payment and
performance of any and all liabilities, obligations, agreements and undertakings
of Borrower to SunTrust (and, in addition, all liabilities, obligations,
agreements and undertakings of Owner, or any one or more of them, to SunTrust if
Owner and Borrower are not the same person or entity) in any amount, whether now
existing or hereafter arising, including those owed by Borrower or Owner to
others and acquired by SunTrust through purchase, assignment or otherwise,
however created, evidenced or arising, whether individually or jointly with
others, and whether absolute or contingent, direct or indirect, as maker,
endorser, guarantor, surety or otherwise, liquidated or unliquidated, matured or
unmatured, whether or not secured by other collateral, and including, without
limitation, (a) all obligations and liabilities of the Borrower under the Second
Amended and Restated Loan Agreement dated as of November 9, 1998 (as amended,
supplemented or otherwise modified thereafter, the "Loan Agreement"), (b) all
obligations and liabilities of the Borrower under the Demand Note dated June 27,
2000 (as amended, supplemented or otherwise modified thereafter, the "Demand
Note"), (c) all obligations to perform or forbear from performing any acts, (d)
all overdrafts on deposits or accounts maintained by Borrower or Owner with
SunTrust, (e) all liabilities, obligations, agreements and undertakings of
Borrower or Owner to SunTrust pursuant to any interest rate hedge agreement or
other derivative transaction agreement or application or other agreement
requesting SunTrust to issue any letter of credit including, without limitation,
the obligation of Borrower or Owner to reimburse SunTrust for all amounts funded
by SunTrust pursuant to any such letter of credit and (f) all costs of
collection and protection of SunTrust's rights, including attorneys' fees (in
the amount of 15% of the principal and interest secured hereby if this agreement
is governed by the laws of Georgia), whether such collection or protection
occurs prior to, during, or after any bankruptcy proceedings filed by or against
any Obligor (as such term is defined below) (all the foregoing being hereinafter
collectively referred to as the "Obligations").

COLLATERAL. As used in this Security Agreement, the term "Collateral" shall mean
the following, whether now existing or hereafter acquired:

Check all that are applicable (IF THE COLLATERAL IS NOT SPECIFICALLY DESIGNATED
BY A CHECK MARK, THE OWNER GRANTS SUNTRUST A BLANKET SECURITY INTEREST):

   [ ] Blanket               ALL ASSETS of Owner, as more particularly described
       Security              herein, and including but not limited to, all
       Interest Covering     "Accounts,"  "Inventory," furniture, fixtures and
       All Assets            "Equipment," goods, deposit accounts, instruments,
                             documents, commercial tort claims, letter of credit
                             rights, investment property, chattel paper,
                             "General Intangibles" and all supporting
                             obligations relating to Accounts, chattel paper,
                             documents, "General Intangibles", instruments and
                             investment property (as all such terms are defined
                             herein and in the Uniform Commercial Code).

                              [ ] All or a portion of the Collateral will be
                             attached as a fixture to real property located at:

                              _________________________________________________

                              and such real property is owned by ____________.

   [ ] Accounts and          All of the Owner's "Accounts," , supporting chattel
       General               paper, documents, instruments and money, returned
       Intangibles           and unearned insurance premiums, tax refunds,
                             contract rights, returned goods, reclaimed and
                             repossessed goods, all "General Intangibles" and
                             all supporting obligations related to Accounts and
                             General Intangibles (as all such terms are defined
                             herein and in the Uniform Commercial Code).

   [X] Inventory,            All of the Owner's "Inventory", all returned goods,
       Accounts,             reclaimed and repossessed goods, whether or not in
       Payment               the Owner's possession or control, in transit, in
       Intangibles, etc.     storage, or hereafter acquired by way of
                             replacement, substitution, addition or otherwise,
                             "Accounts", chattel paper, documents, instruments
                             and money, returned and unearned insurance
                             premiums, tax refunds, contract rights, software,
                             all "Payment Intangibles" and all supporting
                             obligations related to Accounts, chattel paper,
                             documents, instruments and Payment Intangibles (as
                             all such terms are used herein and in the Uniform
                             Commercial Code).

   [ ] Furniture,            All of the Owner's furniture, fixtures and
       Fixtures              "Equipment," and leasehold improvements, and
       and                   including but not limited to, all leases, rental
       Equipment             agreements, chattel paper, rental payments and
                             insurance proceeds together with all accessories,
                             accessions, attachments, parts, replacements,
                             substitutions, improvements, repairs installed in
                             or affixed thereto (as all such terms are used
                             herein and in the Uniform Commercial Code).

                                     - 1 -

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                             [  ] All or a portion of the Collateral will be
                             attached as a fixture to real property located at:

                             __________________________________________________

                             and such real property is owned by  _____________ .

REPRESENTATIONS AND WARRANTIES. The Owner represents and warrants to SunTrust as
follows:

         a.       The Owner is and will continue to be the absolute owner of the
                  Collateral and there are no other liens or security interests
                  affecting the Collateral other than the security interest
                  granted in this Security Agreement except those previously
                  disclosed to SunTrust in writing by the Owner; This Security
                  Agreement has been duly executed and delivered by Owner and
                  constitutes a valid and binding obligation of Owner and is
                  enforceable against Owner in accordance with its terms; If the
                  Owner is acting in the capacity of trustee, administrator or
                  executor of an estate, such fact shall be disclosed and
                  satisfactory evidence of capacity and authorization shall be
                  provided to SunTrust;

         b.       The Owner will defend the Collateral against the claims and
                  demands of all parties. The Owner will not, without prior
                  written consent of SunTrust, grant any security interest in
                  the Collateral and will keep it free from any lien,
                  encumbrance or security interest;

         c.       Check and complete the section which applies.

                  [ ]The Owner is an individual above the age of majority and
                  has the legal capacity to enter into this Security Agreement
                  and the Owner's principal residence is located in the state of
                  _____________ ;

                  [ ]The Owner is a corporation duly organized and existing
                  under the laws of the state of Georgia; and the Owner's
                  Organizational Identification Number is K638969 . The Owner is
                  duly qualified and in good standing as a foreign corporation
                  in every jurisdiction where such qualification is necessary;
                  the execution and performance of this Security Agreement have
                  been duly authorized by action of its Board of Directors, no
                  action of its shareholders being necessary; the execution and
                  performance of this Security Agreement will not violate or
                  contravene any provisions of law or regulation or its Articles
                  of Incorporation, Shareholder Agreement, By-Laws or other
                  agreements to which it is a party or by which it is bound; and
                  no consent or approval of any governmental agency or authority
                  is required in making or performing the obligations under this
                  Security Agreement;

                  [ ] The Owner is a registered partnership, limited liability
                  company or other registered entity organized under the laws of
                  the state of and the Owner's Organizational Identification
                  Number is__________ . The Owner is duly qualified and in good
                  standing to do business in every jurisdiction where
                  qualification is necessary; the execution and performance of
                  this Security Agreement have been duly authorized by its
                  partners/ members/managers as applicable and no further action
                  of any party is necessary; the execution and performance of
                  this Security Agreement will not violate or contravene any
                  provisions of law or regulation or any partnership agreement,
                  articles of organization, operating agreement or other
                  agreement to which it is a party or by which it is bound; and
                  no consent or approval of any governmental agency or authority
                  is required in making or performing the obligations under this
                  Security Agreement;

                  [ ] The Owner is an entity which is not registered; the
                  execution and performance of this Security Agreement have been
                  duly authorized by all necessary party/ies and no further
                  action of any party is necessary; the execution and
                  performance of this Security Agreement will not violate or
                  contravene any provisions of law or regulation or agreement to
                  which Owner is a party or by which it is bound; and no consent
                  or approval of any governmental agency or authority is
                  required in making or performing the obligations under this
                  Security Agreement; the Owner's place of business (if only one
                  place of business) or chief executive office (if more than one
                  place of business) is located in the state of ____________ ;.

         d.       All information supplied and statements made to SunTrust in
                  any financial or credit statement or application are true,
                  correct, complete, valid and genuine in all material respects;

         e.       [ ] (Check ,if applicable) The Owner further represents that
                  the Collateral is being acquired with funds simultaneously
                  advanced to the Borrower by SunTrust, and such funds will be
                  used for no other purpose;

         f.       No part of the Collateral has been, and never will be so long
                  as this Security Agreement remains a lien on the Collateral,
                  used for the generation, collection, manufacture, storage,
                  treatment, disposal, release or threatened release of any
                  hazardous substance, as those terms are defined in the
                  Comprehensive Environmental Response, Compensation and
                  Liability Act of 1980, as amended, 42 U.S.C., Section 9601, et
                  seq. ("CERCLA"), Superfund Amendments and Reauthorization Act
                  ("SARA"), applicable state laws, or regulations adopted
                  pursuant to either of the foregoing, except in the ordinary
                  course of manufacturing and repair operations that are
                  performed in full compliance with applicable provisions of all
                  such laws and regulations. The Owner agrees to comply with any
                  federal, state or local law, statute, ordinance or regulation,
                  court or administrative order or decree or private agreement
                  regarding materials which require special handling in
                  collection, storage, treatment or disposal because of their
                  impact on the environment ("Environmental Requirements"). The
                  Owner agrees to indemnify and hold SunTrust harmless against
                  any and all claims, losses and expenses resulting from a
                  breach of this provision of this Security Agreement and the
                  Owner will pay or reimburse SunTrust for all costs and expense
                  for expert opinions or investigations required or requested by
                  SunTrust which, in SunTrust's sole discretion, are necessary
                  to ensure compliance with this provision of this Security
                  Agreement. The obligation to indemnify shall survive the
                  payment of the Obligations and the satisfaction of this
                  Security Agreement; and

         g.       All Collateral has been produced in compliance with the Fair
                  Labor Standards Act or other applicable wage and employee law,
                  rule, regulation or order, and that no existing or future
                  liability shall occur as a result thereof. The Owner may
                  contest, in good faith, the

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                  applicability of any such law, rule, regulation or order,
                  including prosecuting any appeals, so long as SunTrust's
                  interest in the Collateral, in the opinion of SunTrust, is not
                  jeopardized as a result.

CHOICE OF LAW. Owner agrees that certain material events and occurrences
relating to this Security Agreement bear a reasonable relationship to the laws
of Georgia. To the extent permitted by applicable law, the validity, terms,
performance, construction and enforcement of this Security Agreement shall be
governed by the laws of such jurisdiction. Unless otherwise specified, "Uniform
Commercial Code" as used herein shall refer to the Uniform Commercial Code of
such jurisdiction, both current and as it may be amended or revised from time to
time in the future.

COVENANTS.

         a.       The Owner shall furnish to SunTrust such financial and
                  business information and reports in form and content
                  satisfactory to SunTrust as and when SunTrust may from time to
                  time require.

         b.       The Owner, if a corporation, shall maintain its corporate
                  existence, and if another entity shall maintain such entity
                  standing, in each case in good standing and shall not
                  consolidate or merge with or acquire the stock or other
                  ownership interest of any other corporation or entity without
                  the prior written consent of SunTrust; the Owner shall, at the
                  request of SunTrust, qualify as a foreign corporation or other
                  applicable entity and obtain all requisite licenses and
                  permits in each jurisdiction where the Owner does business.

         c.       The Owner shall notify SunTrust in writing at least 30 days
                  prior to any change of its name or structure or change in its
                  state of residence, jurisdiction of registration or
                  organization, principal place of business or chief executive
                  office.

         d.       The following shall apply if the Collateral consists of
                  tangible personal property: The Owner shall maintain all of
                  the Collateral in good condition and repair. SunTrust shall
                  have the right to inspect the Collateral at any reasonable
                  time and shall have the right to obtain such appraisals,
                  reappraisals, appraisal updates or environmental inspections
                  as SunTrust, in its sole discretion, may deem necessary from
                  time to time. Owner will not use or permit any person or
                  entity to use the Collateral (i) in any manner inconsistent
                  with the provisions of this Security Agreement; or (ii) in
                  violation of any policy of insurance issued with respect to
                  the Collateral; or (iii) in violation of any local, state or
                  federal law or regulation, including but not limited to any
                  such law or regulation pertaining to the protection of the
                  environment or the protection of the health or safety of
                  persons or animals, and any such law or regulation pertaining
                  to the control of drugs, narcotics or other controlled
                  substances. If the Collateral has been used or is hereafter
                  used in violation of the covenants and agreements contained
                  herein, Owner shall indemnify SunTrust and hold SunTrust
                  harmless against all claims, actions, causes of action, costs,
                  expenses, fees and penalties in connection with such use. All
                  such obligations and liabilities of Owner shall be included in
                  the Obligations secured by the Collateral and shall survive
                  payment of the Obligations and termination of this Security
                  Agreement. Without the express prior written consent of
                  SunTrust, Owner shall not cause or permit all or any part of
                  the Collateral to be affixed to real property so as to become
                  a fixture as that term is defined or interpreted in the state
                  in which the Collateral is at any time located.

         e.       The Owner will not pledge or grant any security interest in
                  any of the Collateral to anyone except SunTrust, or permit any
                  lien or encumbrance to attach to any of the Collateral, or any
                  levy to be made on the Collateral, or any financing statement
                  (except financing statements in favor of SunTrust) to be on
                  file against the Collateral, except liens that are permitted
                  under Section 5.1 of the Loan Agreement.

         f.       Owner hereby constitutes and appoints any officer or employee
                  of SunTrust as its true and lawful attorney-in-fact (i) to
                  transfer the Collateral into SunTrust's name or the name of
                  its nominee, but SunTrust's failure to do so shall not be
                  interpreted to be a waiver of any interest, and (ii) to do and
                  perform all other acts and things necessary, proper and
                  requisite to carry out the intent of this Security Agreement.
                  The power herein granted shall be deemed to be coupled with an
                  interest and may not be revoked until the Obligations have
                  been paid in full, including all expenses payable by Owner and
                  no amounts may be re-borrowed.

         g.       The Owner agrees to pay on demand all legal expenses and
                  reasonable attorneys' fees (in the amount of 15% of the
                  principal and interest secured hereby if this agreement is
                  governed by the laws of Georgia), as permitted by applicable
                  law, any appraisal fees and all expenses incurred or paid by
                  SunTrust in protecting and enforcing the rights of SunTrust
                  under this Security Agreement, including SunTrust's right to
                  take possession of the Collateral and its proceeds, and to
                  hold, prepare for sale, sell and dispose of the Collateral.

         h.       This Security Agreement shall be a continuing agreement and
                  shall remain in full force and effect irrespective of any
                  interruptions in the business relations of the Borrower with
                  SunTrust and shall apply to any ultimate balance which shall
                  remain due by the Borrower to SunTrust; provided, however,
                  that the Owner may by written notice terminate this Security
                  Agreement with respect to all Obligations of the Borrower
                  incurred or contracted by the Borrower or acquired by SunTrust
                  after the date on which such notice is personally delivered to
                  or mailed via registered mail to the SunTrust address set
                  forth below and accepted by SunTrust.

                        Definitions. AS USED IN THIS SECURITY AGREEMENT:

         a.             "Account" shall mean a right to payment of a monetary
                  obligation, whether or not earned by performance (i) for
                  property that has been or is to be sold, leased, licensed,
                  assigned or otherwise disposed of (ii) for services rendered
                  or to be rendered (iii) for a policy of insurance issued or to
                  be issued, (iv) for a secondary obligation incurred or to be
                  incurred, (v) for energy provided or to be provided (vi) for
                  the use or hire of a vessel under a charter or other contract
                  or (vii) arising out of the use of a credit or charge card or
                  information on or for use with the card. Account shall include
                  rights to payment for real estate sold and health care
                  insurance receivables.

         b.             "Equipment" shall mean all of the Owner's tangible
                  personal property, goods, manuals, books, records, data files,
                  storage media, furniture, apparatus, furnishings, fittings,
                  fixtures, machinery, motor vehicles, appliances, computer
                  hardware, software and operating systems, and equipment,
                  wherever located or however used, which are now owned or
                  hereafter acquired by the Owner or in which the Owner now has
                  or hereafter acquires any right, title or interest together
                  with all proceeds thereof;

                                     - 3 -

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         c.             "General Intangibles" shall mean all Payment
                  Intangibles, choses in action, things in action, suits,
                  actions, causes of actions, commercial tort claims and claims
                  of every kind and nature, whether at law or in equity and all
                  condemnation awards, insurance proceeds, customer lists, trade
                  secrets, servicing rights, computer software and technology
                  (including, but not limited to, all embedded software, all
                  source and object codes and all updates of any software
                  technology), patents and patent rights (whether or not
                  registered), patent applications, all trade secrets relating
                  to the inventions protected by all patents disclosed to the
                  United States Patent and Trademark Office or otherwise known
                  by the inventors during the examination of such patents, all
                  information and other materials necessary to fully exploit any
                  technology, licenses, certificated and uncertificated
                  securities, investment property, rights to proceeds of letters
                  of credit, letter-of-credit rights, supporting obligations of
                  every nature, trademarks and trademark applications (whether
                  or not registered), trade names, domain name registrations and
                  web site designs, copyrights and copyright applications
                  (whether or not registered), logos, engineering drawings,
                  goodwill, all claims for income tax refunds and other payments
                  from any local, state or federal governmental authority or
                  agency, all licenses, permits and agreements of any kind or
                  nature pursuant to which (i) Owner operates or has authority
                  to operate, (ii) Owner possesses, uses or has authority to
                  possess or use property (whether tangible or intangible) of
                  others or (iii) others possess, use or have authority to
                  possess or use property (whether tangible or intangible) of
                  Owner, and all recorded data of any kind or nature, regardless
                  of the medium of recording, including, without limitation, all
                  software, writings, plans, specifications, schematics and
                  documents of the Owner which are now owned or hereafter
                  acquired by the Owner or in which the Owner now has or
                  hereafter acquires any right, title or interest, together with
                  all proceeds thereof

         d.             "Inventory" shall mean all goods which are leased or
                  held for sale or lease or to be furnished under a contract of
                  service or are furnished under a contract of service, all
                  finished goods, raw materials, work in process, supplies and
                  materials used or consumed in the Owner's business, and all
                  contractual rights of the Owner pertaining to the Inventory,
                  together with all proceeds thereof.

         e.             "Payment Intangible" shall mean a General Intangible
                  under which the account debtor's principal obligation is a
                  monetary obligation.

BLANKET SECURITY INTEREST. If the Collateral is identified a Blanket Security
Interest, Owner acknowledges and agrees that this Security Agreement and any
financing statement filed in connection with this Security Agreement is intended
to cover and does cover all assets of the Owner, wherever located, whether now
owned or subsequently acquired or arising and all proceeds and products thereof
and includes, but is not limited to all of the Owner's:

         a.       Accounts, insurance refund claims and all other insurance
                  claims and proceeds, tax refund claims, license fees, rents,
                  contract rights, instruments, certificates of deposit,
                  documents, tangible chattel paper, electronic chattel paper,
                  promissory notes, drafts, acceptances and other forms of
                  obligations and receivables, whether or not earned by
                  performance;

         b.       Inventory;

         c.       Equipment;

         d.       General Intangibles;

         e.       Demand, time, savings, passbook and other deposit accounts of
                  the Owner with all banks, credit unions, savings and loan
                  associations and other financial institutions which are now
                  owned or hereafter acquired by the Owner or in which the Owner
                  now has or hereafter acquires any right, title or interest
                  (Deposit Accounts); and

         f.       Commercial tort claims, letter of credit rights, awards and
                  other payments in respect of any taking and all insurance
                  proceeds in respect of any of the foregoing, and all monies
                  and claims for money due and to become due to Owner under all
                  its Accounts, contract rights, leases and General Intangibles,
                  all investment property and financial assets, all as said
                  terms are defined in the Uniform Commercial Code.

ACCOUNTS. If the Collateral includes Accounts, the following shall apply.

         a.       The Owner warrants that each and every Account, now owned or
                  hereafter acquired, is a bona fide existing obligation, valid
                  and enforceable against the account debtor, for goods sold or
                  leased and delivered or services rendered in the ordinary
                  course of business; it is subject to no dispute, defense or
                  offset, except as may be incidental to customer rights to
                  warranty repairs or replacements, or to completion of
                  deliveries or services in completion with specifications, in
                  amounts typically incurred in the ordinary course of Owner's
                  business; the Owner has good title to the Account and has full
                  right and power to grant SunTrust a security interest in the
                  Collateral and the Owner will immediately notify SunTrust of
                  any Account to which these warranties are or become untrue;
                  the Owner agrees that it will not permit any return of
                  merchandise, the sale of which gave rise to any of the
                  Accounts, except in the usual and regular course of business;

         b.       The Owner shall maintain complete and accurate books of
                  accounts and records, and its principal books of accounts and
                  records, including all records concerning Accounts and
                  contract rights, shall be kept and maintained at the place(s)
                  specified above. The Owner shall not move such books of
                  accounts and records without giving SunTrust at least 30 days
                  prior written notice. All accounting records and financial
                  reports furnished to SunTrust shall be maintained and prepared
                  in accordance with generally accepted accounting principles
                  consistently applied. It is specifically agreed that SunTrust
                  shall have and the Owner hereby grants to SunTrust a security
                  interest in all books of accounts and records of the Owner and
                  shall have access to them at any time for inspection,
                  verification, examination and audit;

                           c.       The Owner will prepare and deliver to
SunTrust, at SunTrust's request from time to time, a listing and aging of all
Accounts and any further schedules or information that SunTrust may require;

                                     - 4 -

<PAGE>

         d.       SunTrust shall have the right at any time to notify account
                  debtors of its security interest in the Accounts and
                  supporting obligations and require payments to be made
                  directly to SunTrust. The Owner hereby appoints SunTrust and
                  any officer or employee of SunTrust, as SunTrust may from time
                  to time designate, as its attorneys-in-fact for the Owner, to
                  sign and endorse in the name of the Owner, to give notice in
                  the name of the Owner, and to perform all other actions
                  necessary or desirable in the reasonable discretion of
                  SunTrust to effect these provisions and carry out the intent
                  hereof, all at the cost and expense of the Owner. The Owner
                  hereby ratifies and approves all acts of such
                  attorneys-in-fact and neither SunTrust nor any other such
                  attorneys-in-fact will be liable for any acts of commission or
                  omission nor for any error of judgment. This power being
                  coupled with an interest is irrevocable so long as any Account
                  or General Intangible assigned to SunTrust remains unpaid and
                  the Borrower has any Obligations to SunTrust. The costs of
                  such collection and enforcement, including attorneys' fees and
                  out-of-pocket expenses, shall be borne solely by the Owner
                  whether the same are incurred by SunTrust or the Owner;

         e.       At the option of SunTrust, all payments on the Accounts
                  received by the Owner shall be remitted to SunTrust in their
                  original form on the day of receipt; all notes, checks, drafts
                  and other instruments so received shall be duly endorsed to
                  the order of SunTrust. At SunTrust's election, the payments
                  shall be deposited into a special deposit account ("Special
                  Account") maintained with SunTrust. SunTrust may designate
                  with each such deposit the particular Account upon which
                  payment was made. The Special Account shall be held by
                  SunTrust as additional security for the Obligations. Prior to
                  depositing payments on the Accounts into the Special Account,
                  the Owner agrees that it will not commingle such payments with
                  any of the Owner's funds or property, but will hold them
                  separate and apart and in trust for SunTrust. SunTrust will
                  have the power to withdraw from the Special Account. SunTrust
                  may at any time and from time to time, in its sole discretion,
                  apply any part of the funds in the Special Account to the
                  Obligations whether or not the same is due. Upon full and
                  final satisfaction of the Obligations (including without
                  limitation all fees and expenses owing to SunTrust or its
                  attorneys), plus termination of any commitment to extend
                  additional funds, SunTrust will pay to the Owner any excess
                  funds, whether received by SunTrust as a deposit in the
                  Special Account or as a direct payment on any of the
                  Obligations;

         f.       If any of the Owner's Accounts arise out of contracts with the
                  United States or any department, agency, or instrumentality
                  thereof and such Accounts equal at least 10% of the Owner's
                  aggregate Accounts, the Owner will immediately notify SunTrust
                  in writing and execute any instruments and take any steps
                  required by SunTrust in order that all moneys due and to
                  become due under such contracts shall be assigned to SunTrust
                  and in order that proper notice be given under the Federal
                  Assignment of Claims Act;

         g.       SunTrust shall not be liable and shall suffer no loss on
                  account of loss or depreciation of any Account due to acts or
                  omissions of SunTrust unless SunTrust's conduct is willful and
                  malicious, and SunTrust shall have no duty to take any action
                  to preserve the Collateral or collect Accounts;

         h.       Upon request by SunTrust, the Owner will note on its records
                  concerning the Collateral, a notation of the security interest
                  granted under this Security Agreement, which notation must be
                  satisfactory to SunTrust in both form and content;

         i.       SunTrust may enforce collection of any Account and supporting
                  obligation by suit or otherwise and may surrender, release or
                  exchange all or any part thereof, or compromise, extend or
                  renew the same for any period. All monies so received by
                  SunTrust may in SunTrust's sole discretion, be either (i)
                  applied by SunTrust directly toward payment of all or any part
                  of the Obligations, whether or not then due, in such order of
                  application as SunTrust may determine; or (ii) deposited to
                  the credit of Borrower or in an account with SunTrust as
                  security for payment of the Obligations and SunTrust may, from
                  time to time, in its sole discretion, (a) apply all or any
                  part of the available funds in said deposit account toward
                  payment of all or any part of the Obligations, whether or not
                  then due, in such order of application as SunTrust may
                  determine or (b) permit Borrower to use all or any part of the
                  funds on deposit in said account in the normal course of
                  business. Owner will promptly reimburse SunTrust for all
                  expenses, including attorneys' fees and legal expenses,
                  incurred by SunTrust in seeking to collect on or enforce
                  collection of such amounts; and

         j.       After notice from SunTrust, Owner will forthwith, upon
                  receipt, transmit and deliver to SunTrust, in the form
                  received, all cash, checks, drafts, items, chattel paper and
                  other instruments or writing for the payment of money
                  (properly endorsed, where required, so that such items may be
                  collected by SunTrust) which may be received by Owner at any
                  time in full or partial payment or otherwise as proceeds of
                  any of the Collateral. After such notice from SunTrust, Owner
                  will not commingle any such proceeds with any other of its
                  funds or property, but will hold them separate and apart from
                  Owner's own funds or property and in express trust for
                  SunTrust until delivery is made to SunTrust, and

         k.       To protect SunTrust's rights hereunder, Owner hereby
                  constitutes any officer or employee of SunTrust its true and
                  lawful attorney-in-fact with full power of substitution to
                  endorse or sign the name of Owner upon any invoice, freight or
                  express bill, or bill of lading relating to any Collateral
                  covered hereby and to notify the post office authorities to
                  change the address for delivery of mail Owner's mail to an
                  address designated by SunTrust and to receive, open, and
                  dispose of all mail addressed to Owner and to do and perform
                  all other acts and things necessary, proper and requisite to
                  carry out the intent of this Security Agreement. This power
                  shall be deemed to be coupled with an interest and may not be
                  revoked by Owner until the Obligations have been paid in full.

INVENTORY. If the Collateral includes Inventory, the following shall apply:

                           a.       The Owner agrees to maintain books and
records pertaining to the Inventory in such detail, form and scope as SunTrust
shall require. The Owner shall promptly advise SunTrust of any substantial
changes relating to the type, quantity of the Inventory or any event which would
have a material effect on the value of the Inventory or on the security interest
granted to SunTrust.

                                     - 5 -

<PAGE>

         b.       If the Inventory remains in the possession or control of any
                  of the Owner's agents or processors, the Owner shall notify
                  such agents or processors of SunTrust's security interest, and
                  upon request, instruct them to hold such Inventory for
                  SunTrust's account and subject to SunTrust's instruction.

         c.       The Owner will prepare and deliver to SunTrust, at SunTrust's
                  request from time to time, a listing of all Inventory and such
                  information regarding the Inventory as SunTrust may require.

         d.       SunTrust may require the Owner to assemble the Collateral and
                  make it available to SunTrust at a place to be designated by
                  SunTrust which is reasonably convenient. SunTrust may take
                  possession of the Collateral without a court order.

         e.       Until Default hereunder, Owner may, unless otherwise provided
                  in this Security Agreement, in the ordinary course of
                  business, at its own expense, sell, lease or furnish under
                  contract of service any of the Inventory normally held by
                  Owner for such purpose.

INSURANCE, TAXES AND ASSESSMENTS. The Owner shall at all times keep insurable
Collateral insured against any and all risks, including, without limitation,
fire, and such other insurance, including but not limited to flood insurance, as
may be required by SunTrust from time to time, and in such amounts as may be
satisfactory to SunTrust. Insurance may be purchased from an insurer of the
Owner's choice, except as otherwise required by law. All such insurance policies
are to be made payable to SunTrust, in the event of loss, under a standard
non-contributory "mortgagees", "lenders", or "secured party" clause and shall
contain a breach of warranty provision acceptable to SunTrust which shall
establish SunTrust's right to be paid the insurance proceeds irrespective of any
action, inaction, breach of warranty or conditions, or negligence of Owner or
any other person or entity with respect to such policies. All such insurance
policies shall provide for a minimum of thirty days written notice to SunTrust
prior to cancellation. Upon the occurrence and continuation of an Event of
Default under the Loan Agreement, Owner appoints SunTrust attorney-in-fact to
file claims under any insurance policies, to receive, receipt and give
acquittance for any payments that may be payable to Owner hereunder, and to
execute any and all endorsements, receipts, releases, assignments,
reassignments, or other documents that may be necessary to effect the
collection, compromise or settlement of any claims under any such insurance
policies, which power of attorney shall be deemed coupled with an interest and
irrevocable so long as SunTrust has a security interest in any of the
Collateral. Owner shall provide proof of such insurance as requested by
SunTrust. The Owner shall pay and discharge all taxes, assessments and charges
of every kind prior to the date when such taxes, assessments or charges shall
become delinquent and provide proof of such payments to SunTrust, upon request.
However, nothing contained in this Security Agreement shall require the Owner to
pay any such taxes, assessments and charges so long as it shall contest its
validity in good faith and shall post any bond or security required by SunTrust
against the payment. Upon the failure of the Owner to purchase required
insurance or to pay such required amounts, SunTrust, at its option, and at the
Owner's expense, may obtain such insurance or pay such taxes, assessments, and
charges. In addition, SunTrust may from time to time, in its sole discretion,
perform any undertakings of the Owner which the Owner shall fail to perform and
take any other action which SunTrust deems necessary for the maintenance or
preservation of any of the Collateral. Any amounts so paid shall be included in
the Obligations secured by the Collateral. At SunTrust's request, the Owner
agrees to promptly reimburse SunTrust on demand for all such expenses incurred
by SunTrust, together with interest thereon from the date paid by SunTrust at
the highest rate payable on the Obligations. Any insurance obtained by SunTrust,
at its option, may be single or dual interest, protecting its rights, rights of
the Owner or joint rights. Any insurance obtained by SunTrust may provide, at
its option, that such insurance will pay the lesser of the unpaid balance of the
Obligations or the repair or replacement value of the Collateral. SunTrust may
use the proceeds of any insurance obtained by Owner or by SunTrust to repair or
replace the Collateral or, if SunTrust elects to do so, to repay part or all of
the Obligations, whether or not then due, and in such order as SunTrust may
determine, and the Borrower will still be responsible to repay any remaining
unpaid balance of the Obligations. The whole or partial loss or destruction of
all or any part of the Collateral shall not affect or impair the obligation of
any person or entity liable under the Obligations.

ADDITIONAL COVENANTS AND AGREEMENTS IF BORROWER IS DIFFERENT THAN OWNER. If
Borrower is different than Owner, then so long as any of the Obligations remain
outstanding or so long as this Security Agreement shall remain in effect Owner
covenants and agrees as follows: (a) Owner hereby expressly consents to and
adopts any agreements which Borrower has entered into or will enter into with
SunTrust regarding any of the Obligations or the Collateral; (b) Owner hereby
agrees that the Collateral shall be subject to disposition in accordance with
the terms and conditions of this Security Agreement and any agreements executed
by Borrower in connection with any of the Obligations or the Collateral; (c)
Owner will not be subrogated to SunTrust's rights to any other collateral and
any proceeds thereof in which SunTrust holds a security interest to secure
payment of any of the Obligations; (d) Owner agrees that SunTrust may at any
time and from time to time, without notice to, or the consent of, Owner: (i)
retain any of the Collateral in satisfaction of any of the Obligations to the
extent permitted by applicable law, (ii) retain or obtain a security interest or
lien in any property in addition to the Collateral to secure payment or
performance of any of the Obligations, (iii) allow or cause any Obligations to
be incurred, (iv) retain or obtain persons or entities that are primarily or
secondarily obligated upon any of the Obligations other than the Borrower, (v)
extend or renew any of the Obligations for any period (whether or not longer
than the original term), (vi) release, compromise or modify any of the
Obligations, (vii) release, in whole or in part, any person or entity primarily
or secondarily obligated upon any of the Obligations or enter into any
compromise with respect to the obligation of any such person or entity relative
to any of the Obligations, (viii) release, with or without consideration,
SunTrust's security interest or lien in any property other than the Collateral
which may at any time secure payment or performance of any of the Obligations,
(ix) accept substitutions or exchanges for any property other than the
Collateral which may at any time secure payment or performance of any of the
Obligations, (x) exercise its rights as a secured party and dispose of the
Collateral without having first resorted to any property securing any of the
Obligations other than the Collateral and without having first proceeded against
or demanded payment from any person or entity primarily or secondarily obligated
upon any of the Obligations; and (e) Owner specifically waives any and all
rights pursuant to O.C.G.A. Sec. 10-7-24 or T.C.A. Sec. 47-12-101 et seq. if
this Security Agreement is governed by the laws of Georgia or Tennessee and the
same or similar provision contained in the Uniform Commercial Code of any other
state or states which may govern this Security Agreement.

                                     - 6 -

<PAGE>

EVENTS OF DEFAULT. As used herein the term "Obligor" shall individually,
collectively, jointly and severally refer to Borrower, Owner and any other
person or entity that is primarily or secondarily liable upon all or any part of
the Obligations secured hereby and any person or entity that has conveyed or may
hereafter convey any security interest or lien to SunTrust in any real or
personal property to secure payment of all or any part of the Obligations. An
"Event of Default" shall occur hereunder upon the occurrence of any one or more
of the following events or conditions:

         a.       the occurrence of an "Event of Default" under Section 7.1 of
                  the Loan Agreement; or

         b.       a demand by SunTrust is made pursuant to the Demand Note; or

         c        should the state of organization or registration of Owner (if
                  an entity) change or

         d.       any other act or circumstance occurs or exists which leads
                  SunTrust to deem itself insecure.

REMEDIES UPON DEFAULT; ACCELERATION OF OBLIGATIONS. The Obligations secured
hereby shall automatically and simultaneously mature and become due and payable,
without notice or demand, upon the filing of any petition or the commencement of
any proceeding by or against an Obligor for relief under any bankruptcy or
insolvency law, or any law relating to the relief of debtors, readjustment of
indebtedness, debtor reorganization, or composition or extension of debt. Upon
the occurrence of any one or more of the other Events of Default described
above, the Obligations secured hereby shall, at the option of SunTrust,
immediately mature and become due and payable, without notice or demand. If all
or any part of the Obligations secured hereby are not paid as and when due and
payable, whether by acceleration or otherwise, then SunTrust may, at its option,
without notice or demand of any kind: (a) transfer all or any part of the
Collateral into the name of SunTrust or its nominee, at Owner's expense, with or
without disclosing that such Collateral is subject to SunTrust's security
interest; (b) enter upon premises upon which the Collateral is located and, to
the extent permitted by law without legal process, take exclusive possession of
the Collateral, and redeem the Collateral, or any part thereof (irrespective of
redemption penalty); (c) appropriate and apply toward payment of such of the
Obligations, and in such order of application, as SunTrust may from time to time
elect, all or any part of any balances, credits, items or monies in any bank
deposit or deposit account constituting a part of the Collateral; (d) sell the
Collateral at public or private sale, either in whole or in part, and SunTrust
may purchase the Collateral at any such public sale and at any private sale as
permitted by law. Such sale shall result in the sale, conveyance and disposition
of all right, title and interest of Owner in all or any part of the Collateral
which is the subject of such a disposition and SunTrust is authorized as
attorney-in-fact for Owner to sign and execute any transfer, conveyance or
instrument in writing that may be necessary or desirable to effectuate any such
disposition of the Collateral, which power shall be coupled with an interest;
and (e) exercise all other rights of a secured party under the Uniform
Commercial Code and all other rights under law or pursuant to this Security
Agreement, all of which shall be cumulative. If any notification of intended
disposition of any Collateral is required by law, reasonable notification shall
be deemed given if written notice is deposited in the U.S. Mail, first class or
certified postage prepaid, addressed to Owner and such other persons or entities
as SunTrust deems to be appropriate, stating the time and place of any public
sale or the time after which any private sale or disposition is to be made, at
least ten (10) days prior thereto. The proceeds of any disposition of the
Collateral shall be applied in the following order (i) First, to pay all costs
and expenses associated with the retaking, holding, preparation and disposition
of the Collateral; (ii) Then to pay attorneys' fees; (iii) Next, to pay all
accrued but unpaid interest upon the Obligations in such order as SunTrust may
determine in its discretion; and (iv) Finally, to all unpaid principal
outstanding upon the Obligations, whether or not due and payable, in such order
as SunTrust may determine in its discretion. Any remaining surplus shall be paid
to Owner or otherwise in accordance with law. If the proceeds of such
disposition are insufficient to pay the Obligations in full, Borrower and all
other persons or entities liable thereon shall remain fully obligated to
SunTrust for the unpaid balance thereof.

EXECUTION BY MORE THAN ONE PARTY. The term "Owner" as used in this Security
Agreement shall, if this instrument is signed by more than one party, mean the
"Owner and each of them" and each shall be jointly and severally obligated and
liable. If any party is a partnership or limited liability company, the
agreements and obligations on the part of the Owner shall remain in force and
applicable regardless of any changes in the parties composing the partnership or
limited liability company and the term "Owner" shall include any altered or
successive partnership or limited liability company and the predecessor
partnership or limited liability company and its partners or members/managers
shall not be released from any obligation or liability.

WAIVERS BY THE OWNER. The Owner hereby waives (a) notice of acceptance of this
Agreement and of any extensions or renewals of credit by SunTrust to the
Borrower; (b) presentment and demand for payment of the Obligations; (c) protest
and notice of dishonor or default to the Owner or to any other party with
respect to the Obligations; (d) all other notices to which the Owner might
otherwise be entitled; and (e) if for business purposes, the benefit of any
homestead exemption. To the extent permitted by applicable law, the Owner
further waives any right to require that any action be brought against the
Borrower or any other party, the right to require that resort be had to any
security or to any balance of any deposit account or credit on the books of
SunTrust in favor of the Borrower or any other party, the right to redeem the
Collateral and to object to SunTrust's proposal to retain the Collateral in
satisfaction of any of Obligations and any right to obtain injunctive or other
relief relative to SunTrust's sale or other disposition of the Collateral and to
recover losses caused by SunTrust's failure to approve or correct any list of
Collateral provided to SunTrust for any purpose by any person or entity. Owner
waives all rights, claims and defenses based on principles of suretyship.

NO OBLIGATION TO EXTEND CREDIT. This Security Agreement shall not be construed
to impose any obligation on SunTrust to extend or continue to extend any credit
at any time.

INDEMNITY. The Owner agrees to indemnify and hold harmless SunTrust, its
subsidiaries, successors, and assigns and their respective agents, directors,
employees, and officers from and against any and all complaints, claims,
defenses, demands, actions, bills, causes of action (including, without
limitation, costs and attorneys' fees), and losses of every nature and kind
whatsoever, which may be raised or sustained by any directors, officers,
employees, shareholders, creditors, regulators, successors in interest, or
receivers of the Borrower or any third party as a result of or arising out of,
directly or indirectly, SunTrust extending credit as evidenced by the
Obligations to the Borrower, and taking the Collateral as security for the
Obligations, and the Owner agrees to be liable for any and all judgments which
may be recovered in any such action, claim, proceeding, suit, or bill,

                                     - 7 -

<PAGE>

including any compromise or settlement thereof, and defray any and all expenses,
including, without limitation, costs and attorneys' fees, that may be incurred
in or by reason of such actions, claims, proceedings, suits, or bills.

FINANCING STATEMENTS AND ADDITIONAL DOCUMENTATION. SunTrust is authorized to
file such financing statements and amendments as SunTrust deems necessary to
perfect, continue or assure its security interest in the Collateral and the
Owner hereby ratifies any financing statement filed previously by SunTrust. The
Owner will deliver such instruments of future assignment or assurance, and such
other agreements, as SunTrust may from time to time request to carry out the
intent of this Security Agreement, and will join with SunTrust in executing any
documents in form satisfactory to SunTrust, and hereby authorizes SunTrust to
sign for Owner, or to file without signature, any financing statements,
amendments and other documents and instruments from time to time as SunTrust may
deem advisable, and pay any cost of filing the same, including all recordation,
transfer, indebtedness and other taxes and fees, deemed advisable by SunTrust.

SUCCESSOR IN INTEREST: SUNTRUST AS COLLATERAL AGENT. This Security Agreement
shall be binding upon the Owner, its successors and assigns, and the benefits
hereof shall inure to SunTrust, its successors and assigns. Notwithstanding the
foregoing, Owner shall not assign Owner's rights or obligations under this
Security Agreement without SunTrust's prior written consent. SunTrust Bank shall
serve as collateral agent on behalf of itself and present and future affiliates.

MISCELLANEOUS. (a) Each and every power given herein is coupled with an interest
and is irrevocable by death or otherwise. (b) The captions of the paragraphs of
this Security Agreement are for convenience only and shall not be deemed to
constitute a part hereof or used in construing the intent of the parties. (c) If
any part of any provision of this Security Agreement shall be invalid or
unenforceable under applicable law, such part shall be ineffective to the extent
of such invalidity only, without in any way affecting the remaining parts of
such provision or the remaining provisions of this Security Agreement. (d) This
Security Agreement shall not be modified or amended except in a writing signed
by Owner and SunTrust. (e) All representations, warranties, covenants and
agreements contained herein or made in writing by Owner in connection herewith
shall survive the execution and delivery of this Security Agreement and any and
all notes, other agreements, documents and writings relating to or arising out
of any of the foregoing or any of the Obligations. (f) All rights and remedies
of SunTrust expressed herein are in addition to all other rights and remedies
possessed by SunTrust under applicable law or other agreements, including rights
and remedies under any other agreement or instrument relating to any of the
Obligations or any security therefor. (g) No waiver by SunTrust of any of its
rights or remedies or of any default shall operate as a waiver of any other
right or remedy or of any other default or of the same right or remedy or of the
same default on a future occasion. No delay or omission on the part of SunTrust
in exercising any right or remedy shall operate as a waiver thereof, and no
single or partial exercise by SunTrust of any right or remedy shall preclude any
other or further exercise thereof or the exercise of any other right or remedy.
No action of SunTrust permitted hereunder or under any agreement or instrument
relating to any of the Obligations or any security therefor shall impair or
affect the rights of SunTrust in and to the Collateral. (h) All terms as defined
herein shall include both the plural and singular, where applicable. (i) All
notices or communications given to Owner or SunTrust pursuant to the terms of
this Security Agreement shall be in writing and given to Owner and SunTrust at
the address set forth below. Unless otherwise specifically provided herein to
the contrary, such written notices and communications shall be delivered by hand
or overnight courier service, or mailed by first class mail, postage prepaid,
addressed to the parties hereto at the addresses referred to herein or to such
other addresses as either party may designate to the other party by a written
notice given in accordance with the provisions of this Security Agreement. Any
written notice delivered by hand or by overnight courier service shall be deemed
given or received upon receipt. Any written notice delivered by U.S. Mail shall
be deemed given or received on the third (3rd) business day after being
deposited in the U.S. Mail. (j) SunTrust shall not be responsible or liable for
its failure to give notice to Owner of any default in the payment of any amounts
that might become due and owing with respect to the Collateral nor shall
SunTrust be responsible or liable for SunTrust's failure to collect any amounts
payable with respect to the Collateral. (k) SunTrust shall be under no
obligation to monitor the market value of any Collateral, to advise the Owner of
such market value, or to take any action whatsoever to preserve the value of any
Collateral by selling, exchanging or otherwise disposing of such Collateral in
order to avoid any loss to the Owner resulting from a decline in the market
value of such Collateral. (l) SunTrust shall be under no obligation to pay any
amounts owing with respect to any Collateral. (m) This Agreement is in addition
to and not in replacement of any other agreement between Owner and SunTrust.

WAIVER OF JURY TRIAL. OWNER AND SUNTRUST HEREBY KNOWINGLY, VOLUNTARILY,
INTENTIONALLY, AND IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, THE RIGHT EITHER OF THEM MAY HAVE TO A TRIAL BY JURY IN RESPECT
TO ANY LITIGATION, WHETHER IN CONTRACT OR TORT, AT LAW OR IN EQUITY, BASED
HEREON OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS SECURITY AGREEMENT
AND ANY OTHER DOCUMENT OR INSTRUMENT CONTEMPLATED TO BE EXECUTED IN CONJUNCTION
WITH THIS SECURITY AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING,
STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO. THIS
PROVISION IS A MATERIAL INDUCEMENT FOR SUNTRUST ENTERING INTO OR ACCEPTING THIS
SECURITY AGREEMENT. FURTHER, OWNER HEREBY CERTIFIES THAT NO REPRESENTATIVE OR
AGENT OF SUNTRUST, NOR SUNTRUST'S COUNSEL, HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUNTRUST WOULD NOT, IN THE EVENT OF SUCH LITIGATION, SEEK TO
ENFORCE THIS WAIVER OF RIGHT TO JURY TRIAL PROVISION.

The undersigned have executed this Security Agreement as of the date first
written above.

Signature(s) of Individual Owner(s)      Signature(s) of Non-Individual Owner(s)

                                     - 8 -

<PAGE>

____________________________(Seal)          LXE INC.
Owner's Signature                           Owner

____________________________(Seal)          By: /s/ ____________________________
Owner's Signature

____________________________(Seal)          William S. Jacobs, Vice President
Owner's Signature                           Name and title, printed or typed

____________________________(Seal)          ____________________________________
Owner's Signature                           Owner

                                            By: ________________________________

                                            ____________________________________
                                            Name and title, printed or typed

ADDRESSES

Owner Address for Purpose of Notice:        125 Technology Parkway
                                            Norcross, Georgia 30092

SunTrust Address for Purpose of Notice:     303 Peachtree Street
                                            Atlanta, Georgia 30308

                                     - 9 -

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[SUN TRUST LOGO]                                   COMMERCIAL SECURITY AGREEMENT
                       INVENTORY, ACCOUNTS, EQUIPMENT, GENERAL INTANGIBLES, ETC.

This Security Agreement dated as of 31, 2003, by EMS TECHNOLOGIES, INC.

_______________________(the "Owner") for the use and benefit of SunTrust Bank,
its present and future affiliates and their successors and assigns ("SunTrust")
provides:

In order to induce SunTrust from time to time to enter into agreements with and
to extend or continue to extend credit to

EMS TECHNOLOGIES, INC.(and any one or more and any combination if more than one,
the "Borrower"), the Owner (which may include the Borrower) hereby grants,
sells, assigns, transfers and conveys to SunTrust, a security interest in the
Collateral and all Proceeds (as such term is defined in the Uniform Commercial
Code), products, rents and profits thereof and all substitutions and
replacements therefore and all revenues from the right to use the Collateral to
secure the prompt payment and performance of any and all liabilities,
obligations, agreements and undertakings of Borrower to SunTrust (and, in
addition, all liabilities, obligations, agreements and undertakings of Owner, or
any one or more of them, to SunTrust if Owner and Borrower are not the same
person or entity) in any amount, whether now existing or hereafter arising,
including those owed by Borrower or Owner to others and acquired by SunTrust
through purchase, assignment or otherwise, however created, evidenced or
arising, whether individually or jointly with others, and whether absolute or
contingent, direct or indirect, as maker, endorser, guarantor, surety or
otherwise, liquidated or unliquidated, matured or unmatured, whether or not
secured by other collateral, and including, without limitation, (a) all
obligations and liabilities of the Borrower under the Second Amended and
Restated Loan Agreement dated as of November 9, 1998 (as amended, supplemented
or otherwise modified thereafter, the "Loan Agreement"), (b) all obligations and
liabilities of the Borrower under the Demand Note dated June 27, 2000 (as
amended, supplemented or otherwise modified thereafter, the "Demand Note"), (c)
all obligations to perform or forbear from performing any acts, (d) all
overdrafts on deposits or accounts maintained by Borrower or Owner with
SunTrust, (e) all liabilities, obligations, agreements and undertakings of
Borrower or Owner to SunTrust pursuant to any interest rate hedge agreement or
other derivative transaction agreement or application or other agreement
requesting SunTrust to issue any letter of credit including, without limitation,
the obligation of Borrower or Owner to reimburse SunTrust for all amounts funded
by SunTrust pursuant to any such letter of credit and (f) all costs of
collection and protection of SunTrust's rights, including attorneys' fees (in
the amount of 15% of the principal and interest secured hereby if this agreement
is governed by the laws of Georgia), whether such collection or protection
occurs prior to, during, or after any bankruptcy proceedings filed by or against
any Obligor (as such term is defined below) (all the foregoing being hereinafter
collectively referred to as the "Obligations").

COLLATERAL. As used in this Security Agreement, the term "Collateral" shall mean
the following, whether now existing or hereafter acquired:

Check all that are applicable (IF THE COLLATERAL IS NOT SPECIFICALLY DESIGNATED
BY A CHECK MARK, THE OWNER GRANTS SUNTRUST A BLANKET SECURITY INTEREST):

   [ ] Blanket               ALL ASSETS of Owner, as more particularly described
       Security              herein, and including but not limited to, all
       Interest Covering     "Accounts,"  "Inventory," furniture, fixtures and
       All Assets            "Equipment," goods, deposit accounts, instruments,
                             documents, commercial tort claims, letter of credit
                             rights, investment property, chattel paper,
                             "General Intangibles" and all supporting
                             obligations relating to Accounts, chattel paper,
                             documents, "General Intangibles", instruments and
                             investment property (as all such terms are defined
                             herein and in the Uniform Commercial Code).

                             [ ] All or a portion of the Collateral will be
                             attached as a fixture to real property located at:

                             ______________________________________

                             and such real property is owned by _______________.

   [ ] Accounts and          All of the Owner's "Accounts," , supporting chattel
       General               paper, documents, instruments and money, returned
       Intangibles           and unearned insurance premiums, tax refunds,
                             contract rights, returned goods, reclaimed and
                             repossessed goods, all "General Intangibles" and
                             all supporting obligations related to Accounts and
                             General Intangibles (as all such terms are defined
                             herein and in the Uniform Commercial Code).

   [X] Inventory,            All of the Owner's "Inventory", all returned goods,
       Accounts,             reclaimed and repossessed goods, whether or not in
       Payment               the Owner's possession or control, in transit, in
       Intangibles, etc.     storage, or hereafter acquired by way of
                             replacement, substitution, addition or otherwise,
                             "Accounts", chattel paper, documents, instruments
                             and money, returned and unearned insurance
                             premiums, tax refunds, contract rights, software,
                             all "Payment Intangibles" and all supporting
                             obligations related to Accounts, chattel paper,
                             documents, instruments and Payment Intangibles (as
                             all such terms are used herein and in the Uniform
                             Commercial Code).

   [ ] Furniture,            All of the Owner's furniture, fixtures and
       Fixtures              "Equipment," and leasehold improvements, and
       and                   including but not limited to, all leases, rental
       Equipment             agreements, chattel paper, rental payments and
                             insurance proceeds together with all accessories,
                             accessions, attachments, parts, replacements,
                             substitutions, improvements, repairs installed in
                             or affixed thereto (as all such terms are used
                             herein and in the Uniform Commercial Code).

                              [ ] All or a portion of the Collateral will be
                             attached as a fixture to real property located at:

                             ___________________________________________________

                             and such real property is owned by _______________.

                                       1

<PAGE>

REPRESENTATIONS AND WARRANTIES. The Owner represents and warrants to SunTrust as
follows:

         h.       The Owner is and will continue to be the absolute owner of the
                  Collateral and there are no other liens or security interests
                  affecting the Collateral other than the security interest
                  granted in this Security Agreement except those previously
                  disclosed to SunTrust in writing by the Owner; This Security
                  Agreement has been duly executed and delivered by Owner and
                  constitutes a valid and binding obligation of Owner and is
                  enforceable against Owner in accordance with its terms; If the
                  Owner is acting in the capacity of trustee, administrator or
                  executor of an estate, such fact shall be disclosed and
                  satisfactory evidence of capacity and authorization shall be
                  provided to SunTrust;

         i.       The Owner will defend the Collateral against the claims and
                  demands of all parties. The Owner will not, without prior
                  written consent of SunTrust, grant any security interest in
                  the Collateral and will keep it free from any lien,
                  encumbrance or security interest;

         j.       Check and complete the section which applies.

                  [ ] The Owner is an individual above the age of majority and
                  has the legal capacity to enter into this Security Agreement
                  and the Owner's principal residence is located in the state of
                  _______;

                  [X] The Owner is a corporation duly organized and existing
                  under the laws of the state of Georgia; and the Owner's
                  Organizational Identification Number is J906681. The Owner is
                  duly qualified and in good standing as a foreign corporation
                  in every jurisdiction where such qualification is necessary;
                  the execution and performance of this Security Agreement have
                  been duly authorized by action of its Board of Directors, no
                  action of its shareholders being necessary; the execution and
                  performance of this Security Agreement will not violate or
                  contravene any provisions of law or regulation or its Articles
                  of Incorporation, Shareholder Agreement, By-Laws or other
                  agreements to which it is a party or by which it is bound; and
                  no consent or approval of any governmental agency or authority
                  is required in making or performing the obligations under this
                  Security Agreement;

                  [ ] The Owner is a registered partnership, limited liability
                  company or other registered entity organized under the laws of
                  the state of _________ and the Owner's Organizational
                  Identification Number is ______. The Owner is duly qualified
                  and in good standing to do business in every jurisdiction
                  where qualification is necessary; the execution and
                  performance of this Security Agreement have been duly
                  authorized by its partners/ members/managers as applicable and
                  no further action of any party is necessary; the execution and
                  performance of this Security Agreement will not violate or
                  contravene any provisions of law or regulation or any
                  partnership agreement, articles of organization, operating
                  agreement or other agreement to which it is a party or by
                  which it is bound; and no consent or approval of any
                  governmental agency or authority is required in making or
                  performing the obligations under this Security Agreement;

                  [ ] The Owner is an entity which is not registered; the
                  execution and performance of this Security Agreement have been
                  duly authorized by all necessary party/ies and no further
                  action of any party is necessary; the execution and
                  performance of this Security Agreement will not violate or
                  contravene any provisions of law or regulation or agreement to
                  which Owner is a party or by which it is bound; and no consent
                  or approval of any governmental agency or authority is
                  required in making or performing the obligations under this
                  Security Agreement; the Owner's place of business (if only one
                  place of business) or chief executive office (if more than one
                  place of business) is located in the state of ___________;.

         k.       All information supplied and statements made to SunTrust in
                  any financial or credit statement or application are true,
                  correct, complete, valid and genuine in all material respects;

         l.       [ ] (Check ,if applicable) The Owner further represents that
                  the Collateral is being acquired with funds simultaneously
                  advanced to the Borrower by SunTrust, and such funds will be
                  used for no other purpose;

         m.       No part of the Collateral has been, and never will be so long
                  as this Security Agreement remains a lien on the Collateral,
                  used for the generation, collection, manufacture, storage,
                  treatment, disposal, release or threatened release of any
                  hazardous substance, as those terms are defined in the
                  Comprehensive Environmental Response, Compensation and
                  Liability Act of 1980, as amended, 42 U.S.C., Section 9601, et
                  seq. ("CERCLA"), Superfund Amendments and Reauthorization Act
                  ("SARA"), applicable state laws, or regulations adopted
                  pursuant to either of the foregoing, except in the ordinary
                  course of manufacturing and repair operations that are
                  performed in full compliance with applicable provisions of all
                  such laws and regulations. The Owner agrees to comply with any
                  federal, state or local law, statute, ordinance or regulation,
                  court or administrative order or decree or private agreement
                  regarding materials which require special handling in
                  collection, storage, treatment or disposal because of their
                  impact on the environment ("Environmental Requirements"). The
                  Owner agrees to indemnify and hold SunTrust harmless against
                  any and all claims, losses and expenses resulting from a
                  breach of this provision of this Security Agreement and the
                  Owner will pay or reimburse SunTrust for all costs and expense
                  for expert opinions or investigations required or requested by
                  SunTrust which, in SunTrust's sole discretion, are necessary
                  to ensure compliance with this provision of this Security
                  Agreement. The obligation to indemnify shall survive the
                  payment of the Obligations and the satisfaction of this
                  Security Agreement; and

         n.       All Collateral has been produced in compliance with the Fair
                  Labor Standards Act or other applicable wage and employee law,
                  rule, regulation or order, and that no existing or future
                  liability shall occur as a result thereof. The Owner may
                  contest, in good faith, the applicability of any such law,
                  rule, regulation or order, including prosecuting any appeals,
                  so long as SunTrust's interest in the Collateral, in the
                  opinion of SunTrust, is not jeopardized as a result.

CHOICE OF LAW. Owner agrees that certain material events and occurrences
relating to this Security Agreement bear a reasonable relationship to the laws
of . To the extent permitted by applicable law, the validity, terms,
performance, construction and enforcement of this Security Agreement shall be
governed by the laws of such jurisdiction. Unless otherwise specified, "Uniform
Commercial Code" as used herein shall refer to the Uniform Commercial Code of
such jurisdiction, both current and as it may be amended or revised from time to
time in the future.

COVENANTS.

         i.       The Owner shall furnish to SunTrust such financial and
                  business information and reports in form and content
                  satisfactory to SunTrust as and when SunTrust may from time to
                  time require.

         j.       The Owner, if a corporation, shall maintain its corporate
                  existence, and if another entity shall maintain such entity
                  standing, in each case in good standing and shall not
                  consolidate or merge with or acquire the stock or other
                  ownership interest of any other corporation or entity without
                  the prior written consent of SunTrust; the Owner shall, at the
                  request of SunTrust, qualify as a foreign corporation or other
                  applicable entity and obtain all requisite licenses and
                  permits in each jurisdiction where the Owner does business.

         k.       The Owner shall notify SunTrust in writing at least 30 days
                  prior to any change of its name or structure or change in its
                  state of residence, jurisdiction of registration or
                  organization, principal place of business or chief executive
                  office.

         l.       The following shall apply if the Collateral consists of
                  tangible personal property: The Owner shall maintain all of
                  the Collateral in good condition and repair. SunTrust shall
                  have the right to inspect the Collateral at any reasonable
                  time and shall have the right to obtain such appraisals,
                  reappraisals, appraisal updates or environmental inspections
                  as SunTrust, in its sole discretion, may deem necessary from
                  time to time. Owner will not use or permit any person or
                  entity to use the Collateral (i) in any manner inconsistent
                  with the provisions of this Security Agreement; or (ii) in
                  violation of any policy of insurance issued with respect to

                                       2

<PAGE>

                  the Collateral; or (iii) in violation of any local, state or
                  federal law or regulation, including but not limited to any
                  such law or regulation pertaining to the protection of the
                  environment or the protection of the health or safety of
                  persons or animals, and any such law or regulation pertaining
                  to the control of drugs, narcotics or other controlled
                  substances. If the Collateral has been used or is hereafter
                  used in violation of the covenants and agreements contained
                  herein, Owner shall indemnify SunTrust and hold SunTrust
                  harmless against all claims, actions, causes of action, costs,
                  expenses, fees and penalties in connection with such use. All
                  such obligations and liabilities of Owner shall be included in
                  the Obligations secured by the Collateral and shall survive
                  payment of the Obligations and termination of this Security
                  Agreement. Without the express prior written consent of
                  SunTrust, Owner shall not cause or permit all or any part of
                  the Collateral to be affixed to real property so as to become
                  a fixture as that term is defined or interpreted in the state
                  in which the Collateral is at any time located.

         m.       The Owner will not pledge or grant any security interest in
                  any of the Collateral to anyone except SunTrust, or permit any
                  lien or encumbrance to attach to any of the Collateral, or any
                  levy to be made on the Collateral, or any financing statement
                  (except financing statements in favor of SunTrust) to be on
                  file against the Collateral, except liens that are permitted
                  under Section 5.1 of the Loan Agreement.

         n.       Owner hereby constitutes and appoints any officer or employee
                  of SunTrust as its true and lawful attorney-in-fact (i) to
                  transfer the Collateral into SunTrust's name or the name of
                  its nominee, but SunTrust's failure to do so shall not be
                  interpreted to be a waiver of any interest, and (ii) to do and
                  perform all other acts and things necessary, proper and
                  requisite to carry out the intent of this Security Agreement.
                  The power herein granted shall be deemed to be coupled with an
                  interest and may not be revoked until the Obligations have
                  been paid in full, including all expenses payable by Owner and
                  no amounts may be re-borrowed.

         o.       The Owner agrees to pay on demand all legal expenses and
                  reasonable attorneys' fees (in the amount of 15% of the
                  principal and interest secured hereby if this agreement is
                  governed by the laws of Georgia), as permitted by applicable
                  law, any appraisal fees and all expenses incurred or paid by
                  SunTrust in protecting and enforcing the rights of SunTrust
                  under this Security Agreement, including SunTrust's right to
                  take possession of the Collateral and its proceeds, and to
                  hold, prepare for sale, sell and dispose of the Collateral.

         p.       This Security Agreement shall be a continuing agreement and
                  shall remain in full force and effect irrespective of any
                  interruptions in the business relations of the Borrower with
                  SunTrust and shall apply to any ultimate balance which shall
                  remain due by the Borrower to SunTrust; provided, however,
                  that the Owner may by written notice terminate this Security
                  Agreement with respect to all Obligations of the Borrower
                  incurred or contracted by the Borrower or acquired by SunTrust
                  after the date on which such notice is personally delivered to
                  or mailed via registered mail to the SunTrust address set
                  forth below and accepted by SunTrust.

                        Definitions. AS USED IN THIS SECURITY AGREEMENT:

         a.             "Account" shall mean a right to payment of a monetary
                  obligation, whether or not earned by performance (i) for
                  property that has been or is to be sold, leased, licensed,
                  assigned or otherwise disposed of (ii) for services rendered
                  or to be rendered (iii) for a policy of insurance issued or to
                  be issued, (iv) for a secondary obligation incurred or to be
                  incurred, (v) for energy provided or to be provided (vi) for
                  the use or hire of a vessel under a charter or other contract
                  or (vii) arising out of the use of a credit or charge card or
                  information on or for use with the card. Account shall include
                  rights to payment for real estate sold and health care
                  insurance receivables.

         b.             "Equipment" shall mean all of the Owner's tangible
                  personal property, goods, manuals, books, records, data files,
                  storage media, furniture, apparatus, furnishings, fittings,
                  fixtures, machinery, motor vehicles, appliances, computer
                  hardware, software and operating systems, and equipment,
                  wherever located or however used, which are now owned or
                  hereafter acquired by the Owner or in which the Owner now has
                  or hereafter acquires any right, title or interest together
                  with all proceeds thereof;

         c.             "General Intangibles" shall mean all Payment
                  Intangibles, choses in action, things in action, suits,
                  actions, causes of actions, commercial tort claims and claims
                  of every kind and nature, whether at law or in equity and all
                  condemnation awards, insurance proceeds, customer lists, trade
                  secrets, servicing rights, computer software and technology
                  (including, but not limited to, all embedded software, all
                  source and object codes and all updates of any software
                  technology), patents and patent rights (whether or not
                  registered), patent applications, all trade secrets relating
                  to the inventions protected by all patents disclosed to the
                  United States Patent and Trademark Office or otherwise known
                  by the inventors during the examination of such patents, all
                  information and other materials necessary to fully exploit any
                  technology, licenses, certificated and uncertificated
                  securities, investment property, rights to proceeds of letters
                  of credit, letter-of-credit rights, supporting obligations of
                  every nature, trademarks and trademark applications (whether
                  or not registered), trade names, domain name registrations and
                  web site designs, copyrights and copyright applications
                  (whether or not registered), logos, engineering drawings,
                  goodwill, all claims for income tax refunds and other payments
                  from any local, state or federal governmental authority or
                  agency, all licenses, permits and agreements of any kind or
                  nature pursuant to which (i) Owner operates or has authority
                  to operate, (ii) Owner possesses, uses or has authority to
                  possess or use property (whether tangible or intangible) of
                  others or (iii) others possess, use or have authority to
                  possess or use property (whether tangible or intangible) of
                  Owner, and all recorded data of any kind or nature, regardless
                  of the medium of recording, including, without limitation, all
                  software, writings, plans, specifications, schematics and
                  documents of the Owner which are now owned or hereafter
                  acquired by the Owner or in which the Owner now has or
                  hereafter acquires any right, title or interest, together with
                  all proceeds thereof

         d.             "Inventory" shall mean all goods which are leased or
                  held for sale or lease or to be furnished under a contract of
                  service or are furnished under a contract of service, all
                  finished goods, raw materials, work in process, supplies and
                  materials used or consumed in the Owner's business, and all
                  contractual rights of the Owner pertaining to the Inventory,
                  together with all proceeds thereof.

         e.             "Payment Intangible" shall mean a General Intangible
                  under which the account debtor's principal obligation is a
                  monetary obligation.

BLANKET SECURITY INTEREST. If the Collateral is identified a Blanket Security
Interest, Owner acknowledges and agrees that this Security Agreement and any
financing statement filed in connection with this Security Agreement is intended
to cover and does cover all assets of the Owner, wherever located, whether now
owned or subsequently acquired or arising and all proceeds and products thereof
and includes, but is not limited to all of the Owner's:

         g.       Accounts, insurance refund claims and all other insurance
                  claims and proceeds, tax refund claims, license fees, rents,
                  contract rights, instruments, certificates of deposit,
                  documents, tangible chattel paper, electronic chattel paper,
                  promissory notes, drafts, acceptances and other forms of
                  obligations and receivables, whether or not earned by
                  performance;

         h.       Inventory;

         i.       Equipment;

         j.       General Intangibles;

                                       3

<PAGE>

         k.       Demand, time, savings, passbook and other deposit accounts of
                  the Owner with all banks, credit unions, savings and loan
                  associations and other financial institutions which are now
                  owned or hereafter acquired by the Owner or in which the Owner
                  now has or hereafter acquires any right, title or interest
                  (Deposit Accounts); and

         l.       Commercial tort claims, letter of credit rights, awards and
                  other payments in respect of any taking and all insurance
                  proceeds in respect of any of the foregoing, and all monies
                  and claims for money due and to become due to Owner under all
                  its Accounts, contract rights, leases and General Intangibles,
                  all investment property and financial assets, all as said
                  terms are defined in the Uniform Commercial Code.

ACCOUNTS. If the Collateral includes Accounts, the following shall apply.

         c.       The Owner warrants that each and every Account, now owned or
                  hereafter acquired, is a bona fide existing obligation, valid
                  and enforceable against the account debtor, for goods sold or
                  leased and delivered or services rendered in the ordinary
                  course of business; it is subject to no dispute, defense or
                  offset, except as may be incidental to customer rights to
                  warranty repairs or replacements, or to completion of
                  deliveries or services in completion with specifications, in
                  amounts typically incurred in the ordinary course of Owner's
                  business; the Owner has good title to the Account and has full
                  right and power to grant SunTrust a security interest in the
                  Collateral and the Owner will immediately notify SunTrust of
                  any Account to which these warranties are or become untrue;
                  the Owner agrees that it will not permit any return of
                  merchandise, the sale of which gave rise to any of the
                  Accounts, except in the usual and regular course of business;

         d.       The Owner shall maintain complete and accurate books of
                  accounts and records, and its principal books of accounts and
                  records, including all records concerning Accounts and
                  contract rights, shall be kept and maintained at the place(s)
                  specified above. The Owner shall not move such books of
                  accounts and records without giving SunTrust at least 30 days
                  prior written notice. All accounting records and financial
                  reports furnished to SunTrust shall be maintained and prepared
                  in accordance with generally accepted accounting principles
                  consistently applied. It is specifically agreed that SunTrust
                  shall have and the Owner hereby grants to SunTrust a security
                  interest in all books of accounts and records of the Owner and
                  shall have access to them at any time for inspection,
                  verification, examination and audit;

                           c.       The Owner will prepare and deliver to
SunTrust, at SunTrust's request from time to time, a listing and aging of all
Accounts and any further schedules or information that SunTrust may require;

         d.       SunTrust shall have the right at any time to notify account
                  debtors of its security interest in the Accounts and
                  supporting obligations and require payments to be made
                  directly to SunTrust. The Owner hereby appoints SunTrust and
                  any officer or employee of SunTrust, as SunTrust may from time
                  to time designate, as its attorneys-in-fact for the Owner, to
                  sign and endorse in the name of the Owner, to give notice in
                  the name of the Owner, and to perform all other actions
                  necessary or desirable in the reasonable discretion of
                  SunTrust to effect these provisions and carry out the intent
                  hereof, all at the cost and expense of the Owner. The Owner
                  hereby ratifies and approves all acts of such
                  attorneys-in-fact and neither SunTrust nor any other such
                  attorneys-in-fact will be liable for any acts of commission or
                  omission nor for any error of judgment. This power being
                  coupled with an interest is irrevocable so long as any Account
                  or General Intangible assigned to SunTrust remains unpaid and
                  the Borrower has any Obligations to SunTrust. The costs of
                  such collection and enforcement, including attorneys' fees and
                  out-of-pocket expenses, shall be borne solely by the Owner
                  whether the same are incurred by SunTrust or the Owner;

         e.       At the option of SunTrust, all payments on the Accounts
                  received by the Owner shall be remitted to SunTrust in their
                  original form on the day of receipt; all notes, checks, drafts
                  and other instruments so received shall be duly endorsed to
                  the order of SunTrust. At SunTrust's election, the payments
                  shall be deposited into a special deposit account ("Special
                  Account") maintained with SunTrust. SunTrust may designate
                  with each such deposit the particular Account upon which
                  payment was made. The Special Account shall be held by
                  SunTrust as additional security for the Obligations. Prior to
                  depositing payments on the Accounts into the Special Account,
                  the Owner agrees that it will not commingle such payments with
                  any of the Owner's funds or property, but will hold them
                  separate and apart and in trust for SunTrust. SunTrust will
                  have the power to withdraw from the Special Account. SunTrust
                  may at any time and from time to time, in its sole discretion,
                  apply any part of the funds in the Special Account to the
                  Obligations whether or not the same is due. Upon full and
                  final satisfaction of the Obligations (including without
                  limitation all fees and expenses owing to SunTrust or its
                  attorneys), plus termination of any commitment to extend
                  additional funds, SunTrust will pay to the Owner any excess
                  funds, whether received by SunTrust as a deposit in the
                  Special Account or as a direct payment on any of the
                  Obligations;

         f.       If any of the Owner's Accounts arise out of contracts with the
                  United States or any department, agency, or instrumentality
                  thereof and such Accounts equal at least 10% of the Owner's
                  aggregate Accounts, the Owner will immediately notify SunTrust
                  in writing and execute any instruments and take any steps
                  required by SunTrust in order that all moneys due and to
                  become due under such contracts shall be assigned to SunTrust
                  and in order that proper notice be given under the Federal
                  Assignment of Claims Act;

         l.       SunTrust shall not be liable and shall suffer no loss on
                  account of loss or depreciation of any Account due to acts or
                  omissions of SunTrust unless SunTrust's conduct is willful and
                  malicious, and SunTrust shall have no duty to take any action
                  to preserve the Collateral or collect Accounts;

         m.       Upon request by SunTrust, the Owner will note on its records
                  concerning the Collateral, a notation of the security interest
                  granted under this Security Agreement, which notation must be
                  satisfactory to SunTrust in both form and content;

         n.       SunTrust may enforce collection of any Account and supporting
                  obligation by suit or otherwise and may surrender, release or
                  exchange all or any part thereof, or compromise, extend or
                  renew the same for any period. All monies so received by
                  SunTrust may in SunTrust's sole discretion, be either (i)
                  applied by SunTrust directly toward payment of all or any part
                  of the Obligations, whether or not then due, in such order of
                  application as SunTrust may determine; or (ii) deposited to
                  the credit of Borrower or in an account with SunTrust as
                  security for payment of the Obligations and SunTrust may, from
                  time to time, in its sole discretion, (a) apply all or any
                  part of the available funds in said deposit account toward
                  payment of all or any part of the Obligations, whether or not
                  then due, in such order of application as SunTrust may
                  determine or (b) permit Borrower to use all or any part of the
                  funds on deposit in said account in the normal course of
                  business. Owner will promptly reimburse SunTrust for all
                  expenses, including attorneys' fees and legal expenses,
                  incurred by SunTrust in seeking to collect on or enforce
                  collection of such amounts; and

         o.       After notice from SunTrust, Owner will forthwith, upon
                  receipt, transmit and deliver to SunTrust, in the form
                  received, all cash, checks, drafts, items, chattel paper and
                  other instruments or writing for the payment of money
                  (properly endorsed, where required, so that such items may be
                  collected by SunTrust) which may be received by Owner at any
                  time in full or partial payment or otherwise as proceeds of
                  any of the Collateral. After such notice from SunTrust, Owner
                  will not commingle any such proceeds with any other of its
                  funds or property, but will hold them separate and apart from
                  Owner's own funds or property and in express trust for
                  SunTrust until delivery is made to SunTrust, and

                                       4

<PAGE>

         p.       To protect SunTrust's rights hereunder, Owner hereby
                  constitutes any officer or employee of SunTrust its true and
                  lawful attorney-in-fact with full power of substitution to
                  endorse or sign the name of Owner upon any invoice, freight or
                  express bill, or bill of lading relating to any Collateral
                  covered hereby and to notify the post office authorities to
                  change the address for delivery of mail Owner's mail to an
                  address designated by SunTrust and to receive, open, and
                  dispose of all mail addressed to Owner and to do and perform
                  all other acts and things necessary, proper and requisite to
                  carry out the intent of this Security Agreement. This power
                  shall be deemed to be coupled with an interest and may not be
                  revoked by Owner until the Obligations have been paid in full.

INVENTORY. If the Collateral includes Inventory, the following shall apply:

                           a.       The Owner agrees to maintain books and
records pertaining to the Inventory in such detail, form and scope as SunTrust
shall require. The Owner shall promptly advise SunTrust of any substantial
changes relating to the type, quantity of the Inventory or any event which would
have a material effect on the value of the Inventory or on the security interest
granted to SunTrust.

         b.       If the Inventory remains in the possession or control of any
                  of the Owner's agents or processors, the Owner shall notify
                  such agents or processors of SunTrust's security interest, and
                  upon request, instruct them to hold such Inventory for
                  SunTrust's account and subject to SunTrust's instruction.

         f.       The Owner will prepare and deliver to SunTrust, at SunTrust's
                  request from time to time, a listing of all Inventory and such
                  information regarding the Inventory as SunTrust may require.

         g.       SunTrust may require the Owner to assemble the Collateral and
                  make it available to SunTrust at a place to be designated by
                  SunTrust which is reasonably convenient. SunTrust may take
                  possession of the Collateral without a court order.

         h.       Until Default hereunder, Owner may, unless otherwise provided
                  in this Security Agreement, in the ordinary course of
                  business, at its own expense, sell, lease or furnish under
                  contract of service any of the Inventory normally held by
                  Owner for such purpose.

INSURANCE, TAXES AND ASSESSMENTS. The Owner shall at all times keep insurable
Collateral insured against any and all risks, including, without limitation,
fire, and such other insurance, including but not limited to flood insurance, as
may be required by SunTrust from time to time, and in such amounts as may be
satisfactory to SunTrust. Insurance may be purchased from an insurer of the
Owner's choice, except as otherwise required by law. All such insurance policies
are to be made payable to SunTrust, in the event of loss, under a standard
non-contributory "mortgagees", "lenders", or "secured party" clause and shall
contain a breach of warranty provision acceptable to SunTrust which shall
establish SunTrust's right to be paid the insurance proceeds irrespective of any
action, inaction, breach of warranty or conditions, or negligence of Owner or
any other person or entity with respect to such policies. All such insurance
policies shall provide for a minimum of thirty days written notice to SunTrust
prior to cancellation. Upon the occurrence and continuation of an Event of
Default under the Loan Agreement, Owner appoints SunTrust attorney-in-fact to
file claims under any insurance policies, to receive, receipt and give
acquittance for any payments that may be payable to Owner hereunder, and to
execute any and all endorsements, receipts, releases, assignments,
reassignments, or other documents that may be necessary to effect the
collection, compromise or settlement of any claims under any such insurance
policies, which power of attorney shall be deemed coupled with an interest and
irrevocable so long as SunTrust has a security interest in any of the
Collateral. Owner shall provide proof of such insurance as requested by
SunTrust. The Owner shall pay and discharge all taxes, assessments and charges
of every kind prior to the date when such taxes, assessments or charges shall
become delinquent and provide proof of such payments to SunTrust, upon request.
However, nothing contained in this Security Agreement shall require the Owner to
pay any such taxes, assessments and charges so long as it shall contest its
validity in good faith and shall post any bond or security required by SunTrust
against the payment. Upon the failure of the Owner to purchase required
insurance or to pay such required amounts, SunTrust, at its option, and at the
Owner's expense, may obtain such insurance or pay such taxes, assessments, and
charges. In addition, SunTrust may from time to time, in its sole discretion,
perform any undertakings of the Owner which the Owner shall fail to perform and
take any other action which SunTrust deems necessary for the maintenance or
preservation of any of the Collateral. Any amounts so paid shall be included in
the Obligations secured by the Collateral. At SunTrust's request, the Owner
agrees to promptly reimburse SunTrust on demand for all such expenses incurred
by SunTrust, together with interest thereon from the date paid by SunTrust at
the highest rate payable on the Obligations. Any insurance obtained by SunTrust,
at its option, may be single or dual interest, protecting its rights, rights of
the Owner or joint rights. Any insurance obtained by SunTrust may provide, at
its option, that such insurance will pay the lesser of the unpaid balance of the
Obligations or the repair or replacement value of the Collateral. SunTrust may
use the proceeds of any insurance obtained by Owner or by SunTrust to repair or
replace the Collateral or, if SunTrust elects to do so, to repay part or all of
the Obligations, whether or not then due, and in such order as SunTrust may
determine, and the Borrower will still be responsible to repay any remaining
unpaid balance of the Obligations. The whole or partial loss or destruction of
all or any part of the Collateral shall not affect or impair the obligation of
any person or entity liable under the Obligations.

ADDITIONAL COVENANTS AND AGREEMENTS IF BORROWER IS DIFFERENT THAN OWNER. If
Borrower is different than Owner, then so long as any of the Obligations remain
outstanding or so long as this Security Agreement shall remain in effect Owner
covenants and agrees as follows: (a) Owner hereby expressly consents to and
adopts any agreements which Borrower has entered into or will enter into with
SunTrust regarding any of the Obligations or the Collateral; (b) Owner hereby
agrees that the Collateral shall be subject to disposition in accordance with
the terms and conditions of this Security Agreement and any agreements executed
by Borrower in connection with any of the Obligations or the Collateral; (c)
Owner will not be subrogated to SunTrust's rights to any other collateral and
any proceeds thereof in which SunTrust holds a security interest to secure
payment of any of the Obligations; (d) Owner agrees that SunTrust may at any
time and from time to time, without notice to, or the consent of, Owner: (i)
retain any of the Collateral in satisfaction of any of the Obligations to the
extent permitted by applicable law, (ii) retain or obtain a security interest or
lien in any property in addition to the Collateral to secure payment or
performance of any of the Obligations, (iii) allow or cause any Obligations to
be incurred, (iv) retain or obtain persons or entities that are primarily or
secondarily obligated upon any of the Obligations other than the Borrower, (v)
extend or renew any of the Obligations for any period (whether or not longer
than the original term), (vi) release, compromise or modify any of the
Obligations, (vii) release, in whole or in part, any person or entity primarily
or secondarily obligated upon any of the Obligations or enter into any
compromise with respect to the obligation of any such person or entity relative
to any of the Obligations, (viii) release, with or without consideration,
SunTrust's security interest or lien in any property other than the Collateral
which may at any time secure payment or performance of any of the Obligations,
(ix) accept substitutions or exchanges for any property other than the
Collateral which may at any time secure payment or performance of any of the
Obligations, (x) exercise its rights as a secured party and dispose of the
Collateral without having first resorted to any property securing any of the
Obligations other than the Collateral and without having first proceeded against
or demanded payment from any person or entity primarily or secondarily obligated
upon any of the Obligations; and (e) Owner specifically waives any and all
rights pursuant to O.C.G.A. Sec. 10-7-24 or T.C.A. Sec. 47-12-101 et seq. if
this Security Agreement is governed by the laws of Georgia or Tennessee and the
same or similar provision contained in the Uniform Commercial Code of any other
state or states which may govern this Security Agreement.

EVENTS OF DEFAULT. As used herein the term "Obligor" shall individually,
collectively, jointly and severally refer to Borrower, Owner and any other
person or entity that is primarily or secondarily liable upon all or any part of
the Obligations secured hereby and any person or entity that has conveyed or may
hereafter convey any security interest or lien to SunTrust in any real or
personal property to secure payment of all or any part of the Obligations. An
"Event of Default" shall occur hereunder upon the occurrence of any one or more
of the following events or conditions:

                                       5

<PAGE>

         a.       the occurrence of an "Event of Default" under Section 7.1 of
                  the Loan Agreement; or

         b.       a demand by SunTrust is made pursuant to the Demand Note; or

         c        should the state of organization or registration of Owner (if
                  an entity) change or

         e.       any other act or circumstance occurs or exists which leads
                  SunTrust to deem itself insecure.

REMEDIES UPON DEFAULT; ACCELERATION OF OBLIGATIONS. The Obligations secured
hereby shall automatically and simultaneously mature and become due and payable,
without notice or demand, upon the filing of any petition or the commencement of
any proceeding by or against an Obligor for relief under any bankruptcy or
insolvency law, or any law relating to the relief of debtors, readjustment of
indebtedness, debtor reorganization, or composition or extension of debt. Upon
the occurrence of any one or more of the other Events of Default described
above, the Obligations secured hereby shall, at the option of SunTrust,
immediately mature and become due and payable, without notice or demand. If all
or any part of the Obligations secured hereby are not paid as and when due and
payable, whether by acceleration or otherwise, then SunTrust may, at its option,
without notice or demand of any kind: (a) transfer all or any part of the
Collateral into the name of SunTrust or its nominee, at Owner's expense, with or
without disclosing that such Collateral is subject to SunTrust's security
interest; (b) enter upon premises upon which the Collateral is located and, to
the extent permitted by law without legal process, take exclusive possession of
the Collateral, and redeem the Collateral, or any part thereof (irrespective of
redemption penalty); (c) appropriate and apply toward payment of such of the
Obligations, and in such order of application, as SunTrust may from time to time
elect, all or any part of any balances, credits, items or monies in any bank
deposit or deposit account constituting a part of the Collateral; (d) sell the
Collateral at public or private sale, either in whole or in part, and SunTrust
may purchase the Collateral at any such public sale and at any private sale as
permitted by law. Such sale shall result in the sale, conveyance and disposition
of all right, title and interest of Owner in all or any part of the Collateral
which is the subject of such a disposition and SunTrust is authorized as
attorney-in-fact for Owner to sign and execute any transfer, conveyance or
instrument in writing that may be necessary or desirable to effectuate any such
disposition of the Collateral, which power shall be coupled with an interest;
and (e) exercise all other rights of a secured party under the Uniform
Commercial Code and all other rights under law or pursuant to this Security
Agreement, all of which shall be cumulative. If any notification of intended
disposition of any Collateral is required by law, reasonable notification shall
be deemed given if written notice is deposited in the U.S. Mail, first class or
certified postage prepaid, addressed to Owner and such other persons or entities
as SunTrust deems to be appropriate, stating the time and place of any public
sale or the time after which any private sale or disposition is to be made, at
least ten (10) days prior thereto. The proceeds of any disposition of the
Collateral shall be applied in the following order (i) First, to pay all costs
and expenses associated with the retaking, holding, preparation and disposition
of the Collateral; (ii) Then to pay attorneys' fees; (iii) Next, to pay all
accrued but unpaid interest upon the Obligations in such order as SunTrust may
determine in its discretion; and (iv) Finally, to all unpaid principal
outstanding upon the Obligations, whether or not due and payable, in such order
as SunTrust may determine in its discretion. Any remaining surplus shall be paid
to Owner or otherwise in accordance with law. If the proceeds of such
disposition are insufficient to pay the Obligations in full, Borrower and all
other persons or entities liable thereon shall remain fully obligated to
SunTrust for the unpaid balance thereof.

EXECUTION BY MORE THAN ONE PARTY. The term "Owner" as used in this Security
Agreement shall, if this instrument is signed by more than one party, mean the
"Owner and each of them" and each shall be jointly and severally obligated and
liable. If any party is a partnership or limited liability company, the
agreements and obligations on the part of the Owner shall remain in force and
applicable regardless of any changes in the parties composing the partnership or
limited liability company and the term "Owner" shall include any altered or
successive partnership or limited liability company and the predecessor
partnership or limited liability company and its partners or members/managers
shall not be released from any obligation or liability.

WAIVERS BY THE OWNER. The Owner hereby waives (a) notice of acceptance of this
Agreement and of any extensions or renewals of credit by SunTrust to the
Borrower; (b) presentment and demand for payment of the Obligations; (c) protest
and notice of dishonor or default to the Owner or to any other party with
respect to the Obligations; (d) all other notices to which the Owner might
otherwise be entitled; and (e) if for business purposes, the benefit of any
homestead exemption. To the extent permitted by applicable law, the Owner
further waives any right to require that any action be brought against the
Borrower or any other party, the right to require that resort be had to any
security or to any balance of any deposit account or credit on the books of
SunTrust in favor of the Borrower or any other party, the right to redeem the
Collateral and to object to SunTrust's proposal to retain the Collateral in
satisfaction of any of Obligations and any right to obtain injunctive or other
relief relative to SunTrust's sale or other disposition of the Collateral and to
recover losses caused by SunTrust's failure to approve or correct any list of
Collateral provided to SunTrust for any purpose by any person or entity. Owner
waives all rights, claims and defenses based on principles of suretyship.

NO OBLIGATION TO EXTEND CREDIT. This Security Agreement shall not be construed
to impose any obligation on SunTrust to extend or continue to extend any credit
at any time.

INDEMNITY. The Owner agrees to indemnify and hold harmless SunTrust, its
subsidiaries, successors, and assigns and their respective agents, directors,
employees, and officers from and against any and all complaints, claims,
defenses, demands, actions, bills, causes of action (including, without
limitation, costs and attorneys' fees), and losses of every nature and kind
whatsoever, which may be raised or sustained by any directors, officers,
employees, shareholders, creditors, regulators, successors in interest, or
receivers of the Borrower or any third party as a result of or arising out of,
directly or indirectly, SunTrust extending credit as evidenced by the
Obligations to the Borrower, and taking the Collateral as security for the
Obligations, and the Owner agrees to be liable for any and all judgments which
may be recovered in any such action, claim, proceeding, suit, or bill, including
any compromise or settlement thereof, and defray any and all expenses,
including, without limitation, costs and attorneys' fees, that may be incurred
in or by reason of such actions, claims, proceedings, suits, or bills.

FINANCING STATEMENTS AND ADDITIONAL DOCUMENTATION. SunTrust is authorized to
file such financing statements and amendments as SunTrust deems necessary to
perfect, continue or assure its security interest in the Collateral and the
Owner hereby ratifies any financing statement filed previously by SunTrust. The
Owner will deliver such instruments of future assignment or assurance, and such
other agreements, as SunTrust may from time to time request to carry out the
intent of this Security Agreement, and will join with SunTrust in executing any
documents in form satisfactory to SunTrust, and hereby authorizes SunTrust to
sign for Owner, or to file without signature, any financing statements,
amendments and other documents and instruments from time to time as SunTrust may
deem advisable, and pay any cost of filing the same, including all recordation,
transfer, indebtedness and other taxes and fees, deemed advisable by SunTrust.

SUCCESSOR IN INTEREST: SUNTRUST AS COLLATERAL AGENT. This Security Agreement
shall be binding upon the Owner, its successors and assigns, and the benefits
hereof shall inure to SunTrust, its successors and assigns. Notwithstanding the
foregoing, Owner shall not assign Owner's rights or obligations under this
Security Agreement without SunTrust's prior written consent. SunTrust Bank shall
serve as collateral agent on behalf of itself and present and future affiliates.

MISCELLANEOUS. (a) Each and every power given herein is coupled with an interest
and is irrevocable by death or otherwise. (b) The captions of the paragraphs of
this Security Agreement are for convenience only and shall not be deemed to
constitute a part hereof or used in construing the intent of the parties. (c) If
any part of any provision of this Security Agreement shall be invalid or
unenforceable under applicable law, such part shall be ineffective to the extent
of such invalidity only, without in any way affecting the remaining parts of
such provision or the remaining provisions of this Security Agreement. (d) This
Security Agreement shall not be modified or

                                       6

<PAGE>

amended except in a writing signed by Owner and SunTrust. (e) All
representations, warranties, covenants and agreements contained herein or made
in writing by Owner in connection herewith shall survive the execution and
delivery of this Security Agreement and any and all notes, other agreements,
documents and writings relating to or arising out of any of the foregoing or any
of the Obligations. (f) All rights and remedies of SunTrust expressed herein are
in addition to all other rights and remedies possessed by SunTrust under
applicable law or other agreements, including rights and remedies under any
other agreement or instrument relating to any of the Obligations or any security
therefor. (g) No waiver by SunTrust of any of its rights or remedies or of any
default shall operate as a waiver of any other right or remedy or of any other
default or of the same right or remedy or of the same default on a future
occasion. No delay or omission on the part of SunTrust in exercising any right
or remedy shall operate as a waiver thereof, and no single or partial exercise
by SunTrust of any right or remedy shall preclude any other or further exercise
thereof or the exercise of any other right or remedy. No action of SunTrust
permitted hereunder or under any agreement or instrument relating to any of the
Obligations or any security therefor shall impair or affect the rights of
SunTrust in and to the Collateral. (h) All terms as defined herein shall include
both the plural and singular, where applicable. (i) All notices or
communications given to Owner or SunTrust pursuant to the terms of this Security
Agreement shall be in writing and given to Owner and SunTrust at the address set
forth below. Unless otherwise specifically provided herein to the contrary, such
written notices and communications shall be delivered by hand or overnight
courier service, or mailed by first class mail, postage prepaid, addressed to
the parties hereto at the addresses referred to herein or to such other
addresses as either party may designate to the other party by a written notice
given in accordance with the provisions of this Security Agreement. Any written
notice delivered by hand or by overnight courier service shall be deemed given
or received upon receipt. Any written notice delivered by U.S. Mail shall be
deemed given or received on the third (3rd) business day after being deposited
in the U.S. Mail. (j) SunTrust shall not be responsible or liable for its
failure to give notice to Owner of any default in the payment of any amounts
that might become due and owing with respect to the Collateral nor shall
SunTrust be responsible or liable for SunTrust's failure to collect any amounts
payable with respect to the Collateral. (k) SunTrust shall be under no
obligation to monitor the market value of any Collateral, to advise the Owner of
such market value, or to take any action whatsoever to preserve the value of any
Collateral by selling, exchanging or otherwise disposing of such Collateral in
order to avoid any loss to the Owner resulting from a decline in the market
value of such Collateral. (l) SunTrust shall be under no obligation to pay any
amounts owing with respect to any Collateral. (m) This Agreement is in addition
to and not in replacement of any other agreement between Owner and SunTrust.

WAIVER OF JURY TRIAL. OWNER AND SUNTRUST HEREBY KNOWINGLY, VOLUNTARILY,
INTENTIONALLY, AND IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, THE RIGHT EITHER OF THEM MAY HAVE TO A TRIAL BY JURY IN RESPECT
TO ANY LITIGATION, WHETHER IN CONTRACT OR TORT, AT LAW OR IN EQUITY, BASED
HEREON OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS SECURITY AGREEMENT
AND ANY OTHER DOCUMENT OR INSTRUMENT CONTEMPLATED TO BE EXECUTED IN CONJUNCTION
WITH THIS SECURITY AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING,
STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO. THIS
PROVISION IS A MATERIAL INDUCEMENT FOR SUNTRUST ENTERING INTO OR ACCEPTING THIS
SECURITY AGREEMENT. FURTHER, OWNER HEREBY CERTIFIES THAT NO REPRESENTATIVE OR
AGENT OF SUNTRUST, NOR SUNTRUST'S COUNSEL, HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUNTRUST WOULD NOT, IN THE EVENT OF SUCH LITIGATION, SEEK TO
ENFORCE THIS WAIVER OF RIGHT TO JURY TRIAL PROVISION.

The undersigned have executed this Security Agreement as of the date first
written above.

Signature(s) of Individual Owner(s)      Signature(s) of Non-Individual Owner(s)

______________________________(Seal)     EMS TECHNOLOGIES, INC.
Owner's Signature                        Owner

______________________________(Seal)     By: /s/ _______________________________
Owner's Signature

______________________________(Seal)     Don T. Scartz, Executive Vice President
Owner's Signature                        Name and title, printed or typed

______________________________(Seal)     _______________________________________
Owner's Signature                        Owner

                                         By: ___________________________________

                                         _______________________________________
                                         Name and title, printed or typed

ADDRESSES

Owner Address for Purpose of Notice:     660 Engineering  Parkway
                                         Norcross, Georgia 30092

SunTrust Address for Purpose of Notice:  303 Peachtree Street
                                         Atlanta, Georgia 30308

                                       7<PAGE>

                                                                    Exhibit 10.3

                                                           AS ADOPTED, EFFECTIVE
                                                                OCTOBER 31, 2003

                             EMS TECHNOLOGIES, INC.

                         DEFERRED COMPENSATION PLAN FOR
                             NON-EMPLOYEE DIRECTORS

                                    ARTICLE I
                            DEFERRAL OF COMPENSATION

1.1 PURPOSE AND ELIGIBILITY. This deferred compensation plan (this "Plan") for
persons serving as members of the Board of Directors (the "Board") of EMS
Technologies, Inc. (the "Company") who are not employed by the Company
("Non-Employee Directors") is adopted in order to allow each Non-Employee
Director to (i) automatically defer a portion of his or her annual retainer for
service on the Board (the "Retainer") as set forth in Section 1.2 below, and
(ii) defer the receipt of all or part of the balance of his or her Retainer and
of his or her other compensation for service as a member of the Board or
committees thereof (collectively, "Eligible Compensation") as set forth in
Section 1.3 below.

1.2 AUTOMATIC DEFERRAL. Each Non-Employee Director will have a portion of his or
her Retainer then in effect automatically deferred and credited to his or her
Deferral Account as set forth in Sections 2.1 and 2.2 below. The portion of the
Retainer subject to such automatic deferral shall be determined from time to
time by the Nominating and Governance Committee of the Board (the "Committee"),
but shall be not less than 40%. Subject to the other provisions of this Plan,
all amounts deferred under this Section shall be payable on the tenth day of the
month following the month in which the participant ceases to be a member of the
Board.

1.3 IRREVOCABLE ELECTION FOR ADDITIONAL DEFERRAL

       A. Except as provided in paragraph 1.3(B), prior to the first day of each
calendar year, each Non-Employee Director shall be entitled to make an
irrevocable election on a form provided by the Company to receive Eligible
Compensation payable during such year in cash or to defer payment of all or any
portion thereof into his or her Deferral Account.

         Subject to the other provisions of this Plan, all amounts deferred
under this Section with respect to a calendar year shall be payable on the
earlier of: (i) the tenth day of the month following the month in which the
participant ceases to be a member of the Board; or (ii) January 10 of the fifth
year following the year of deferral, subject to the participant's election at
least one year prior to any such date to defer payment of all or a portion of
the amount then payable for one additional period of up to five years but not
beyond the date specified in clause (i) above.

       B. Each Non-Employee Director as of the date of the adoption of this Plan
by the Board and each person who becomes a Non-Employee Director during a
calendar year shall, within 30 days after such date of adoption or the date of
becoming a Non-Employee Director, be entitled to make the irrevocable election
described in paragraph 1.3(A) for the remainder of such calendar year, which
election shall be effective only as to Eligible Compensation earned after the
date thereof.

      C. Failure to file an election for any year as specified in paragraphs
1.3(A) and (B) shall be deemed to be an election to receive in cash all Eligible
Compensation for such year.

                                                                     Page 1 of 3

<PAGE>

                                   ARTICLE II
                     DEFERRAL ACCOUNT; DEFERRED STOCK UNITS

2.1 DEFERRAL ACCOUNT. Amounts deferred under this Plan shall be credited to a
notional bookkeeping account (a "Deferral Account") established for each
participant.

2.2 DEFERRED STOCK UNITS. Amounts credited to each participant's Deferral
Account will be deemed to be invested in the form of deferred stock units
("DSU's") representing shares of the Company's $1.00 par value common stock
("EMS Shares"). DSU's are not actual EMS Shares, and cannot be settled in or
surrendered for EMS Shares. Instead, they are bookkeeping units that will be
administered by the Company to provide a return on each Deferral Account equal
to the return that would occur if the amounts credited to the Deferral Account
were used to purchase EMS Shares on the dates so credited, including the effects
of immediate reinvestment of any cash dividends paid from time to time on the
EMS Shares. Holders of DSU's have no voting rights or any attributes of stock
ownership other than such equivalent economic return. The number of DSU's
received upon each deferral shall be equal to the amount thereof divided by the
Fair Market Value (as then defined in the Company's 1997 Stock Incentive Plan or
any similar successor plan) of the EMS Shares on the date of the deferral.

2.3 RECAPITALIZATION. If, as a result of a recapitalization of the Company
(including stock splits), the EMS Shares shall be changed into a greater or
smaller number of shares, the number of DSU's credited to each Deferral Account
shall be appropriately adjusted on the same basis as such recapitalization. If
the Company shall make a distribution in kind on the EMS Shares, or the EMS
Shares shall as a result of a merger, recapitalization or similar transaction be
converted into different property or shares, each DSU shall thereafter be deemed
to include or consist of the property or shares so distributed with respect to
each EMS Share, or into which each EMS Share was so converted. The provisions of
this Section shall apply to successive transactions of the type specified herein
that may affect the value of the property deemed from time to time to be
included in the DSU's.

                                   ARTICLE III
                        PAYMENT OF DEFERRED COMPENSATION

3.1 METHOD OF PAYMENT OF DEFERRED COMPENSATION. The first date on which a
participant is entitled to receive payment of a particular deferred amount, as
determined under the provisions of Section 1.2 or paragraph 1.3A, is referred to
herein as the "Payment Commencement Date" with respect to such deferred amount.
Payment shall be made in the form of a lump sum except to the extent the
participant has elected annual installments for a period specified by the
participant, commencing on the Payment Commencement Date and terminating no
later than ten years from such date. Such election may be made prior to the
commencement of the particular deferral, and may be made or modified thereafter
on one occasion at any time at least one year prior to the Payment Commencement
Date. No modification may extend the period for installment payments beyond ten
years from the Payment Commencement Date.

3.2 AMOUNT OF PAYMENTS. The amount of the each payment shall be the value of the
DSU's in the participant's Deferral Account on the payment date, divided (in the
case of elections of annual installments) by the total number of installments
(including such installment) remaining to be paid. In each case, such value
shall be the number of DSU's credited to the Deferral Account multiplied by the
Fair Market Value on the date of the payment, and upon occurrence of the payment
such number of DSU's shall be reduced to reflect the payment.

3.3 BENEFICIARIES; PAYMENT ON DEATH. A participant may designate on a form
provided by the Company a beneficiary or beneficiaries to receive upon the
participant's death any unpaid amounts credited to the participant's Deferral
Account. At any time, and from time to time, a participant may change or revoke
his or her beneficiary designation without the consent of any beneficiary. Any
such designation, change or revocation must be made by executing a new
beneficiary designation form and filing such form with the Company. If the
participant designates more than one beneficiary, any payments to beneficiaries
will be made in equal percentages unless the

                                                                     Page 2 of 3

<PAGE>

participant designates otherwise. Upon the participant's death, any portion of
the participant's Deferral Account that is not payable to a designated
beneficiary will be paid to the participant's estate in the form of a lump sum.

3.4 PERMANENT DISABILITY. If a Participant becomes permanently disabled before
payment of all or any part of amounts credited to his or her Deferral Account,
the balance in such Deferral Account shall be paid in a lump sum as soon as
practicable after the occurrence of such disability, unless, in the sole
discretion of the Committee, the disabled individual is allowed to make a new
election regarding distribution under Section 3.1. The determination of
permanent disability for this purpose shall be made by a medical doctor
consistent with other plans and policies of the Company.

3.5 ACCELERATION OF PAYMENT. In the best interest of the financial integrity and
administration of the Plan, the Committee may at any time accelerate the
distribution election made by a participant, with the result that a term of
years may be shortened, or a lump sum may be substituted for a term of years.

                                   ARTICLE IV
                                     GENERAL

4.1 PLAN AMENDMENT AND TERMINATION. The Board may amend or terminate this Plan
at any time. Upon termination of the Plan, each participant's Deferral Account
shall be distributed in accordance with Article II, subject to the Committee's
right to accelerate payment as provided in Section 3.5.

4.2 NO RIGHT TO CORPORATE ASSETS. This Plan is a non-qualified, unfunded,
deferred compensation plan. The Company will not be required to reserve,
segregate or deposit any funds or assets of any kind to meet its obligations
hereunder, which obligations are general unsecured obligations of the Company.
Nothing in this Plan will give a participant, a participant's beneficiary, or
any other person any equity or other interest in the assets of the Company, or
create either a trust or fiduciary relationship of any kind between the Company
and any such person. Any rights that a participant, beneficiary or other person
may have under this Plan shall not be assignable by any such person. However,
nothing contained herein shall prevent the Company, in its sole discretion, from
establishing a trust, including a so-called rabbi trust, for the purpose of
providing for the payment of its obligations arising hereunder . The assets of
such trust shall remain subject to the claims of the Company's creditors, and no
participant shall have any interest in such assets.

4.3 LIMITATION ON RIGHTS CREATED BY PLAN. Nothing in this Plan will give a
participant any right to continue as a member of the Board.

4.4 GOVERNING LAW. This Plan will be construed, enforced and administered
according to the laws of the State of Georgia.

4.5 ADMINISTRATION AND INTERPRETATION. The Company may adopt any rules and
procedures it deems appropriate to provide for the orderly and efficient
administration of the Plan.

         The Committee may interpret the provisions of this Plan, and in the
absence of bad faith any such interpretations shall be binding upon the Company
and all participants. The Committee may also make any amendments or
clarifications of a technical nature that it deems appropriate to carry out the
terms of this Plan.

4.6 CHANGE OF CONTROL. For two years after a Change of Control, and except with
the consent of each person at that time participating in this Plan, this Plan
may not be terminated, nor may it be amended if such amendment would (i) reduce
the amount of any benefit provided hereunder below the amount that would have
been payable on the date immediately preceding the date of the Change of
Control, or (ii) reduce the rate or amount of benefits accruing hereunder below
that in effect on the date immediately preceding such date.

         A "Change of Control" shall be deemed to have occurred upon the
occurrence of a Triggering Event as defined in the Company's Stockholder Rights
Plan dated as of April 6, 1999.

                                                                     Page 3 of 3

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