Document:

<PAGE>

                                                                   Exhibit 10.22

               FIFTH AMENDMENT TO REVOLVING LOAN AGREEMENT BETWEEN
         AMSOUTH BANK AND SURGICAL LASER TECHNOLOGIES DATED MAY 31, 2000

RESOLVED, that effective December 27, 2002, AmSouth Bank and Surgical Laser
Technologies, Inc. hereby declare and certify by the signatures indicated below,
that Article V, Section 5.08, more specifically subparagraphs (1), (2) and (6)
thereof, the contents of which as represented in these subparagraphs and as
found on pages 14 and 15 of the Loan Agreement dated May 31, 2000, regarding the
Borrower's affirmative covenants in reporting requirements, should be amended
and restated as follows, having already been amended by a First Amendment dated
as of February 20, 2002; by a Second Amendment dated as of June 27, 2002; by a
Third Amendment dated as of February 27, 2003; and by a Fourth Amendment dated
as of February 27, 2003:

     SECTION   5.08(1) ANNUAL FINANCIAL STATEMENTS

     As soon as available and in any event within seventy-five (75) days after
the end of each fiscal year of PhotoMedex, Inc., the parent company of the
Borrower and its Subsidiaries, balance sheets of the parent company as of the
end of such fiscal year and statements of income and retained earnings of the
parent company for such fiscal year, and statements of changes in financial
position of the parent company for such fiscal year, all in reasonable detail
and stating in comparative form the respective figures for the corresponding
date and period in the prior fiscal year and all prepared in accordance with
GAAP consistently applied, and as to the consolidated statements accompanied by
an opinion thereon acceptable to the Bank, and with accompanying consolidating
schedules, reviewed by the accountants, showing the balance sheet and statement
of income of the Borrower and its Subsidiaries, to the end that such schedules
may be used to establish the compliance of the Borrower and its Subsidiaries
with the financial covenants set forth in Article VII, saving and excepting for
the fiscal year ended December 27, 2002 of the Borrower and its Subsidiaries, in
which case the accompanying consolidating schedules, reviewed by the
accountants, shall show the balance sheet of the Borrower and its Subsidiaries
at the end of its fiscal year, before giving effect to such adjustments as may
be necessitated by the purchase made by PhotoMedex, Inc. of the Borrower and its
Subsidiaries; and the statement of income of the Borrower and its Subsidiaries
up to but not including consummation of the purchase made by PhotoMedex, Inc. of
the Borrower and its Subsidiaries;

     SECTION   5.08(2) QUARTERLY FINANCIAL STATEMENTS.

     As soon as available and in any event within forty-five (45) days after the
end of each the first three fiscal quarters of PhotoMedex, Inc., the parent
company of the Borrower, balance sheets of the parent company as of the end of
each such quarter and statements of income and retained earnings of the parent
company for the period commencing at the end of the previous fiscal year and
ending with the end of such quarter, and statements of changes in financial
position of the parent company for the portion of the fiscal year ended with the
last day of such quarter, all in reasonable detail and stating in comparative
form the respective figures for the corresponding date and period in the
previous fiscal year and all prepared in accordance with GAAP consistently
applied and certified by the chief financial officer of the parent company

<PAGE>

(subject to year-end adjustments); and with accompanying consolidating
schedules, showing the balance sheet and statement of income of the Borrower and
its Subsidiaries, to the end that such schedules may be used by the Bank to
monitor the financial performance of the Borrower and its Subsidiaries;

     SECTION   5.08(6) ACCOUNTANT'S REPORT.

     Simultaneously with the delivery of the annual financial statements
referred to in Section 5.08(1) and the accompanying schedules, a certificate of
the independent public accountants who audited such statements to the effect
that, in making the examination necessary for the audit of such statements and
the review of the accompanying schedules, they have obtained no knowledge of any
condition or event which constitutes a Default or Event of Default, or if such
accountants shall have obtained knowledge of any such condition or event,
specifying in such certificate each such condition or event of which they have
knowledge and nature and status thereof, saving and excepting for the fiscal
year ended December 27, 2002 of the Borrower and its Subsidiaries, in which case
such certificate shall be based on the accompanying consolidating schedules,
reviewed by the accountants, which shall show the balance sheet of the Borrower
and its Subsidiaries at the end of its fiscal year, before giving effect to such
adjustments as may be necessitated by the purchase made by PhotoMedex, Inc. of
the Borrower and its Subsidiaries; and the statement of income of the Borrower
and its Subsidiaries up to but not including consummation of the purchase made
by PhotoMedex, Inc. of the Borrower and its Subsidiaries;

Accepted and Agreed as of this 27th day of February, 2003.

AmSouth Bank                                Surgical Laser Technologies, Inc.

By: /s/ Rhett D. Jordan                     By: /s/ Jeffrey O'Donnell
Rhett D. Jordan                             Jeffrey O'Donnell
Its Vice President                          Its President and CEO

                                            By: /s/ Dennis McGrath
                                            Dennis McGrath
                                            Its Chief Financial Officer<PAGE>

                                                                   Exhibit 10.23

               SIXTH AMENDMENT TO REVOLVING LOAN AGREEMENT BETWEEN
         AMSOUTH BANK AND SURGICAL LASER TECHNOLOGIES DATED MAY 31, 2000

RESOLVED, that effective February 27, 2003, AmSouth Bank and Surgical Laser
Technologies, Inc. hereby declare and certify by the signatures indicated below,
that Article II, Sections 2.01, 2.06 and 2.10, the contents of which as
represented in these subparagraphs and as found on pages 5, 6 and 7 of the
Revolving Loan Agreement dated May 31, 2000, regarding the Borrower's aggregate
principal amount under the revolving credit and the pledge of $2,000,000 of cash
collateral thereto, should be amended and restated as follows, having already
been amended by a First Amendment dated as of February 20, 2002; by a Second
Amendment dated as of June 27, 2002; by a Third Amendment dated as of February
27, 2003; by a Fourth Amendment dated as of February 27, 2003; and by a Fifth
Amendment dated as of February 27, 2003:

     SECTION   2.01.    REVOLVING CREDIT

     The Bank agrees on the terms and conditions hereinafter set forth, to make
loans (the "Loan") to the Borrower from time to time during the period from the
date of this Agreement up to but not including the Termination Date in an
aggregate principal amount not to exceed at any time outstanding One Million and
No/100 Dollars ($1,000,000), as such amount may be reduced pursuant to Section
2.02 (the "Commitment"). The Loan, or a portion thereof, may be repaid and
re-borrowed, and further repaid and re-borrowed, and so on, pursuant to the
procedures, terms and conditions of the Note and this Agreement.

     SECTION   2.06.    NOTE.

     The Loan shall be evidenced by a Master Note For Business And Commercial
Loans (the "Note") payable to the order of the Bank, duly executed by the
Borrower, dated the date of this Agreement in the principal amount of One
Million and No/100 Dollars ($1,000,000), bearing interest on amounts advanced
and outstanding thereunder from the date of advance until paid at the rate per
annum as set forth therein.

     SECTION   2.10.    COLLATERAL.

     As security for the Loan, the Borrower shall execute and deliver to the
Bank at closing such security agreements, pledge agreements and UCC-1 financing
statements on forms acceptable to the Bank, grant to the Bank, among other
things, a first priority lien on all business assets, including, but not limited
to, accounts receivable, equipment, inventory, patents and other general
intangibles as the Bank may require. From and after the date of the Sixth
Amendment hereto, Borrower, having paid $2,000,000 against the outstanding Loan,
shall no longer be required to maintain a pledge of cash or cash equivalents
under an Investment Property Control Agreement in the Bank's favor.

<PAGE>

Accepted and Agreed as of this 27th day of February, 2003.

AmSouth Bank                                Surgical Laser Technologies, Inc.

By: /s/ Rhett D. Jordan                     By: /s/ Jeffrey O'Donnell
Rhett D. Jordan                             Jeffrey O'Donnell
Its Vice President                          Its President and CEO

                                            By: /s/ Dennis McGrath
                                            Dennis McGrath
                                            Its Chief Financial Officer<PAGE>

                                                                   EXHIBIT 10.24

            AMSOUTH NOTE FOR BUSINESS AND COMMERCIAL LOANS REVOLVING

AmSouth Bank
$ 1,400,000.00
2330 University Blvd
Tuscaloosa, AL 35401

DATE: March 26, 2003

FOR VALUE RECEIVED, the undersigned (hereinafter called, whether one or more,
the "Borrower"), Jointly and severally and solidarily (if more than one),
promises to pay to the order of AmSouth Bank (the "Bank"), its successors and
assigns (hereinafter sometimes, together with any other holder of this note,
called "Holder"), the sum of One Million Four Hundred Thousand and 00/100
Dollars or so much thereof as the Holder has advanced to the Borrower hereunder
(the "Loan"), plus interest on the remaining unpaid principal balance of the
Loan from the date hereof until maturity at the rate of:

A per annum rate equal to the rate per annum offered by prime banks in the

                                     Page 1

<PAGE>

London interbank eurodollar market for deposits in United States dollars having
a one month maturity, as determined by Holder with reference to the financial
information reporting service used by Holder at the time of such determination
(the "LIBOR Rate") plus 2.25%. This rate is subject to change on 04/30/2003, and
will be subject to change on the same day of every month thereafter (the "Change
Date"). The interest rate change is based on changes in the LIBOR Rate. The
Holder will determine the LIBOR Rate that will be in effect as of the Change
Date; however, if the Change Date is not a Business Day, then the Holder will
determine the LIBOR Rate that will be in effect as of the Business Day
immediately following the Change Date. Changes in the interest rate on the Loan
will be effective as of the Change Date. As used herein, "Business Day" means a
day of the year on which banks are not required or authorized to close in
Birmingham, Alabama, and a day on which dealings are carried on in the London
interbank eurodollar market.

See the Addendum to Note for Business and Commercial Loans for provisions
related to the LIBOR Rate.

Interest will be computed on the basis of the actual number of days elapsed over
an assumed 360-day year.

The Borrower hereby agrees to repay principal and interest as follows:

                                     Page 2

<PAGE>

The Borrower will pay the interest on the Loan in monthly installments and the
principal and any unpaid interest on the Loan shall be due and payable in full
on 5/31/2004. The first installment will be due and payable on April 30, 2003
and the remaining installments will be due and payable on the same day of every
month thereafter until both the principal of and interest on the loan have been
paid in full.

All agreements herein made are expressly limited so that in no event whatsoever,
whether by reason of advancement of proceeds hereof, acceleration of maturity of
the unpaid balance hereof or otherwise, shall the interest and loan charges
agreed to be paid to Holder for the use of the money advanced or to be advanced
hereunder exceed the maximum amounts collectible under applicable laws in effect
from time to time. If for any reason whatsoever the interest or loan charges
paid or contracted to be paid in respect of the indebtedness evidenced hereby
shall exceed the maximum amounts collectible under applicable laws in effect
from time to time, then, ipso facto, the obligation to pay such interest and/or
loan charges shall be reduced to the maximum amounts collectible under
applicable laws in effect from time to time, and any amounts collected by Holder
that exceed such maximum amounts shall be applied to the reduction of the
principal balance remaining unpaid hereunder and/or refunded to Borrower so that
at no time shall the interest or loan charges paid or payable in

                                     Page 3

<PAGE>

respect of the indebtedness evidenced hereby exceed the maximum amounts
permitted from time to time by applicable law. This provision shall control
every other provision in any and all other agreements and instruments now
existing or hereafter arising between Borrower and Holder with respect to the
indebtedness evidenced hereby.

For purposes of sending periodic billing statements in advance of each interest
payment date, at Holder's option, the Prime Rate in effect 15 days prior to each
interest payment date shall be deemed to be the Prime Rate that continues in
effect until the date prior to such interest payment date for purposes of
computing the amount of interest payable on such interest payment date. If the
Prime Rate changes during such 15-day period, the difference between the amount
of interest that in fact accrues during such period and the amount of interest
actually paid will be added to or subtracted from as the case may be, the
interest otherwise payable in preparing the periodic billing statement for the
next succeeding interest payment date. In determining the amount of interest
payable at the final maturity or upon full prepayment of this note, all changes
in the Prime Rate occurring on or prior to the date before the final maturity
date or the date of such full prepayment shall be taken into account.

                                     Page 4

<PAGE>

The Borrower agrees to pay to Holder, on demand, late charge equal to 5% of any
installment that is not paid within 12 days after it is due and 5% of the
interest portion on the payment due upon the final maturity date of this note if
that payment is not paid within 12 days after it is due. This late charge will
never be less than $10.00 nor more than $250.00. This provision shall not be
deemed to excuse a late payment or be deemed a waiver of any other right Holder
may have, including, without limitation, the right to declare the entire unpaid
principal and interest immediately due and payable.

All payments coming due on this note shall be made in cash or immediately
available funds at Holder's office in Birmingham, Alabama. At its option, Holder
may elect to give the Borrower credit for any payment made by check or other
instrument in accordance with Holder's availability schedule in effect from time
to time for such items and instruments, which Holder will make available to the
Borrower on request unless otherwise required by applicable law, payments will
be applied as follows: (1) Each payment on the Loan will first reduce charges
owed by the Borrower that are neither principal nor interest, (2) The remainder
of each such payment will be applied first to accrued but unpaid interest and
then to unpaid principal; and (3) Any partial prepayments of principal will be
applied to installments due in the inverse order of their maturity and no such
partial prepayment of principal will have the effect of postponing,

                                     Page 5

<PAGE>

satisfying, reducing, or otherwise affecting any scheduled installment before
the Loan is paid in full.

This note is a master note, and it is contemplated that the proceeds the loan
evidenced hereby will be advanced from time to time to the Borrower by Holder in
installments, as requested by the Borrower and agreed to by Holder. It is
further contemplated that any amounts advanced under this note may be prepaid
from time to time by the Borrower and subsequently re-advanced by Holder, so
long as the principal amount outstanding does not exceed the face amount of this
note. By reason of repayments hereon there may be times when no indebtedness is
owing hereunder, and notwithstanding any such occurrence, this note shall remain
valid and shall be in full force and effect as to each subsequent principal
advance made hereunder. The Holder shall maintain a record (by computer or
otherwise) of all principal advances and repayments under this master note and
that record shall be presumed to be correct on the absence of clear and
convincing evidence to the contrary. Unless the Holder has otherwise agreed in
writing, the Holder is not obligated to make any advances or re-advances
hereunder, and all advances and re-advances shall be made at the option of the
Holder. This note shall be valid and enforceable as to the aggregate amount
advanced at any time hereunder, whether or not the full face amount hereof is

                                     Page 6

<PAGE>

advanced.

If the Loan is payable on demand, this paragraph is inoperative and not
applicable; otherwise, this paragraph is operative and shall apply to the Loan
in accordance with its terms. In the event of default in the payment of any one
or more installments of principal or interest that may become due hereunder,
when and as the same fall due, or default in the payment of all principal and
interest due hereunder at maturity, or the failure of any maker, endorser,
surety or guarantor hereof (hereinafter called the Obligors) to pay when due or
perform any of the Obligations (meaning thereby this note and any and all
renewals and extensions thereof and all other liabilities and indebtedness of
the Borrower to Holder, now existing or hereafter incurred or arising, direct or
indirect, and however incurred) or any part thereof or the failure of any
Obligor to pay when due any other liability to Holder, in the event a default
occurs under the terms of any loan agreement or other instrument (other than
this note) or other document evidencing, securing, guaranteeing, or executed in
connection with all or any part of the Obligations (herein, together with this
note, called the "Loan Documents"), or in the event Holder shall in good faith
deem itself insecure for any reason, or on the happening of any one or more of
said events, Holder shall have the right at its election and without

                                     Page 7

<PAGE>

notice to any Obligor to declare the Obligations immediately due and payable
with interest to date. No delay in making such election shall be construed to
waive the right to make such election. Holder may note the fact of acceleration
hereon without stating the ground therefor, and whether or not noted hereon such
election to accelerate shall be effective.

In the event of death of, insolvency of, general assignment by, judgment
against, filing of a petition in bankruptcy by or against, filing a petition for
the reorganization of, filing of application in any court for receiver for, or
issuance of a writ of garnishment or attachment in a suit or action against any
Obligor or against any of the assets of any Obligor, or on the happening of any
one or more of said events, the Obligations shall immediately become due and
payable with interest to date unless Holder shall on notice of such event elect
to waive such acceleration by written notation hereon. Commencing upon and
continuing after the maturity of this note, whether such maturity is by
acceleration or otherwise, and, if by acceleration, whether such acceleration is
automatic or at the election of Holder, and commencing upon and continuing after
any judgment obtained on or under this note, any and all amounts due under this
note or under any judgment obtained on or under this note, whether such amounts
are denominated as principal, interest or otherwise, shall, if permitted by
applicable law, bear interest at a rate of interest equal to 2% in

                                     Page 8

<PAGE>

excess of the rate of interest set forth above.

Each of the Obligors hereby severally (a) waives as to the Loan or any renewal
or extension thereof all rights of exemption under the Constitution or laws of
any state as to personal property; (b) waives demand, presentment, protest,
notice of protest, notice of dishonor, suit against any party and all other
requirements necessary to hold any Obligor liable; (c) agrees that time of
payment may be extended or renewal notes taken or other indulgence granted
without notice of or consent to such action and, without release of liability as
to any Obligor; (d) as to all or any part of the Obligations, consents to
Holder's releasing, agreeing not to sue, suspending the right to enforce this
instrument against or otherwise discharging or compromising any Obligation of
any Obligor or other person against whom any Obligor has or may have a right of
recourse, all without notice to or further reservations of rights against any
Obligor, and all without in any way affecting or releasing the liability of any
Obligor; (e) consents to Holder's releasing, exchanging or otherwise dealing in
any manner with all or any portion of any collateral, lien, or right of set-off

                                     Page 9

<PAGE>

that may now or hereafter secure this note, all without notice to or further
reservations of rights against any Obligor, and all without in any way affecting
or releasing the liability of any Obligor, even though such release, exchange or
other dealing may in any manner and to any extent impair any such collateral,
lien or right of set-off (f) warrants that this Loan is for business, commercial
or agricultural purposes, and not for personal, family or household purposes;
(g) agrees to pay all costs of collecting or securing or attempting to collect
or secure this note or defending any unsuccessful claim asserted against Holder
in connection with this note, including reasonable attorneys' fees.

In addition to all liens upon, and rights of setoff against, any moneys,
securities, or other property of any of the Obligors given to Holder by law,
Holder shall have a lien upon and a right of setoff against and (to the extent
allowed by law), a lien and continuing security interest upon, all moneys,
securities and other property of any of the Obligors now or hereafter in the
possession of, or on deposit with, Holder, whether held in a general or special
account or deposit, for safekeeping, or otherwise; and every such lien, security
interest, and right of setoff may be exercised without demand upon or notice to
any Obligor, and Holder shall have no liability with respect to any of Obligor's

                                     Page 10

<PAGE>

checks or other items that may be returned or other funds transfers that may not
be made due to insufficient funds thereafter.

The borrower understands that Holder may from time to time enter into a
participation agreement or agreements with one or more participants pursuant to
which such participant or participants shall be given participations in the Loan
and that such participants may from time to time similarly grant to other
participants sub-participations in the Loan. The Borrower agrees that any
participant and any subparticipant may exercise any and all rights of banker's
lien or set-off, whether arising by operation of law or given to Holder by the
provisions of this note, with respect to the Borrower as fully as if such
participant or subparticipant had made the Loan directly to the Borrower. For
the purposes of this paragraph only, the Borrower shall be deemed to be directly
obligated to each participant or subparticipant in the amount of its
participating interest in the principal of, and interest on, the Loan.

No failure or delay on the part of Holder in exercising any right, power or
privilege under this note shall operate as a waiver thereof, nor shall a single
or partial exercise thereof preclude any other or further exercise or the
exercise of any other right, power or privilege. No modification, amendment or
waiver of any provisions of this note shall be effective unless in

                                     Page 11

<PAGE>

writing and signed by a duly authorized officer of Holder, and then the same
shall be effective only in the specific instance and for the purpose for which
given. No notice to or demand on any Obligor in any case shall entitle any
Obligor to any other or further notice or demand in the same, similar or other
circumstances.

Any controversy, claim, dispute or issue related to or arising from (A) the
interpretation, negotiation, execution, assignment, administration, repayment,
modification, or extension of this note or the Loan; (B) any charge or cost
incurred under this note or the Loan; (C) the collection of any amounts due
under this note or any assignment thereof; (D) any alleged tort related to or
arising out of this note or the Loan; or (E) any breach of any provision of this
note, shall be settled by arbitration in accordance with the Commercial
Arbitration Rules of the American Arbitration Association (the "AAA Rules"). Any
disagreement as to whether a particular dispute or claim is subject to
arbitration under this paragraph shall be decided by arbitration in accordance
with the provisions of this paragraph. Commencement of litigation by any person
entitled to demand arbitration under this paragraph shall not waive any right
that person has to demand arbitration with respect to any

                                     Page 12

<PAGE>

counterclaim or other claim that may be made against that person, whether in,
relating to, or arising out of such litigation, or otherwise. The Expedited
Procedures of the AAA Rules shall apply in any dispute where the aggregate of
all claims and the aggregate of all counterclaims each is in an amount less than
$500,000. Judgment upon any award rendered by the arbitrator(s) in any such
arbitration may be entered in any Court having jurisdiction thereof. Any demand
for arbitration under this note shall be made no later than the date when any
judicial action upon the same matter would be barred under any applicable
statute of limitations. Any dispute as to whether the statute of limitations
bars the arbitration of such matter shall be decided by arbitration in
accordance with the provisions of this paragraph. The locale of any arbitration
proceedings under this note shall be in Birmingham, Alabama or such other
location as is mutually acceptable to all parties. The arbitrator(s) in any such
arbitration shall establish such reasonable procedures as may be necessary for
the reasonable exchange of information between the parties prior to such
arbitration. Any arbitration under this paragraph shall be on an individual
basis between the parties to this note only and shall not be commenced as a
member or representative of or on behalf of a class of persons, it being the
intention of the parties that there

                                     Page 13

<PAGE>

shall be no class action arbitrations under this note. All parties to this note
specifically acknowledge and agree that this note evidences a "transaction
involving commerce" under the Federal Arbitration Act, and each party to this
note hereby waives and relinquishes any right to claim otherwise. WITH RESPECT
TO DISPUTES SUBMITTED TO ARBITRATION, EACH PARTY WAIVES ALL RIGHT TO TRIAL BY
JURY.

NOTWITHSTANDING THE PRECEDING PARAGRAPH OR THE EXERCISE OF ARBITRATION RIGHTS
UNDER THIS NOTE, each party may (1) foreclose against any real or personal
property collateral under any mortgage, deed of trust, security agreement,
pledge agreement or any other document or instrument creating a security
interest in such property or under applicable law: (2) excercise any legal
remedies such as set off, foreclosure or repossession: or (3) obtain any
provisional or ancillary remedies such as replevin, injunctive relief,
attachment, sequestration, or appointment of a receiver from a court having
jurisdiction, before, during or after the pendency of any arbitration
proceedings. This arbitration provision shall not be interpreted to require that
any such remedies be stayed, abated or otherwise suspended pending any
arbitration or request for arbitration. The exercise of a remedy shall not waive
the right of either party to resort to arbitration.

Any provision of this note that is prohibited or unenforceable in any

                                     Page 14

<PAGE>

jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining
provisions hereof or affecting the validity or enforceability of such provision
in any other jurisdiction.

The provisions of this note shall inure to the benefit of Holder, its successors
and assigns, and shall be binding upon the heirs, successors and assigns of each
Obligor, except that no Obligor may assign or transfer his, her or its
obligation hereunder without the written consent of Holder.

All rights, powers and remedies of Holder under this note and now or hereafter
existing at law, in equity or otherwise shall be cumulative and may be exercised
successively or concurrently.

The Loan Documents contain the entire understanding and agreement between the
Borrower and Holder with respect to the Loan and supersede any and all prior
agreements, understandings, promises, and statements with respect to the Loan.
This note may not be modified, amended, or supplemented in any manner except by
a written agreement executed by both the Borrower and Holder.

This note shall be construed in accordance with and governed by the laws of the
State of Alabama and Title 9 of the United States Code.

Time is of the essence of this note.

The proceeds of the Loan represented by this note are for a business or

                                     Page 15

<PAGE>

commercial purpose.

The Borrower hereby authorizes the Holder to charge all payments when due under
this note to the following deposit account, whether such account is held with
the Bank or another financial institution: Account number 0009344322,
Routing and Transit number 062000019.

Obligor Number: 0000687193 906602 (906552)         Due: 05/31/2004

     ATTEST:                                SURGICAL LASER TECHNOLOGIES. INC.

By: /s/ Davis Woodward (SEAL)               By:  /s/ Jeffrey F. O'Donnell (SEAL)
    ------------------                           ------------------------
    Davis Woodward                               Jeffrey F. O'Donnell

Its:  Corporate Counsel                     Its: President and CEO

By: /s/ Davis Woodward (SEAL)               By:  /s/ Dennis McGrath  (SEAL)
    ------------------                           ------------------
     Davis Woodward                              Dennis McGrath

Its:  Corporate Counsel                     Its: VP of Finance and CFO

This note is made and executed for the purpose of continuing, modifying and

                                     Page 16

<PAGE>

amending the terms of that certain promissory note in the principal amount of
$1,400,000.00, dated 06/26/2002, executed by the Borrower and payable to the
Bank or its predecessor or assignor. This note shall constitute a true
modification or amendment of the terms of the original note, which shall
continue in full force and effect except as specifically modified herein. This
note shall not constitute a novation, payment in full or satisfaction of the
original note, nor shall this note in any other way supercede the original note
or any of the Loan Documents. This note shall continue to be secured by any and
all collateral securing the original note.

                                     Page 17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}]]