Document:

CREDIT AGREEMENT

                            Dated as of May 23, 2000

        This Credit Agreement is entered into by and FACTUAL DATA CORP., a
Colorado corporation (the "Borrower"), and WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association (the "Bank").

                                    ARTICLE I

                                   Definitions

                Section 1.1 Definitions. For all purposes of this Agreement,
except as otherwise expressly provided or unless the context otherwise requires:

                (a) the terms defined in the preamble hereto have the meanings
                    therein assigned to them;

                (b) the terms defined in this Article have the meanings assigned
                    to them in this Article, and include the plural as well as
                    the singular;

                (c) all accounting terms not otherwise defined herein have the
                    meanings assigned to them in accordance with GAAP; and

                (d) all accounting terms, unless otherwise specified, shall be
                    deemed to refer to Persons and their Subsidiaries on a
                    consolidated basis in accordance with GAAP.

        "Advance" means a loan of funds by the Bank to the Borrower pursuant to
Article II hereof, including Revolving Advances and Term Advances.

        "Affiliate" or "Affiliates" means any Person controlled by, controlling
or under common control with the Borrower, including (without limitation) any
Subsidiary of the Borrower. For purposes of this definition, "control," when
used with respect to any specified Person, means the power to direct the
management and policies of such Person, directly or indirectly, whether through
the ownership of voting securities, by contract or otherwise.

        "Affiliated Group" means FDC Acquisition, Inc., together with any Person
that, in the future, becomes a wholly owned subsidiary of the Borrower.

        "Agreement" means this Credit Agreement and all exhibits, schedules,
amendments and supplements hereto.

        "Bank" has the meaning specified in the preamble.

        "Base Rate" means the rate of interest publicly announced from time to
time by the Bank as its "base rate" or "reference rate", or, if the Bank ceases
to announce a rate so designated, any similar successor rate designated by the
Bank.

        "Borrower" has the meaning specified in the preamble.

        "Borrowing" means a borrowing by the Borrower pursuant to Article II
hereof, consisting of Advances made to the Borrower by the Bank on the date
requested by the Borrower.

        "Business Day" means any day other than a Saturday or Sunday on which
national banks are open for business in Minneapolis, Minnesota.

        "Capital Adequacy Rule" has the meaning specified in Section
2.20(b)(ii).

        "Capital Adequacy Rule Change" has the meaning specified in Section
2.20(b)(iii).

        "Capital Expenditures" of any Person means the sum of:

        (a) the aggregate amount of all expenditures of such Person for fixed or
            capital assets made during such period which, in accordance with
            GAAP would be classified as capital expenditures; and

        (b) the aggregate amount of all Capitalized Lease Liabilities of such
            Person incurred during such period.

        "Capitalized Lease Liabilities" of any Person means, with respect to the
applicable Covenant Computation Period, all monetary obligations of such Person
under any leasing or similar arrangement which, in accordance with GAAP, would
be classified as capitalized leases, and, for purposes of this Agreement, the
amount of such obligations shall be the capitalized amount thereof, determined
in accordance with GAAP.

        "Capitalized Lease Payments" of any Person means, with respect to the
applicable Covenant Computation Period, the total expenditures by such Person to
pay Capitalized Lease Liabilities during such period, as determined in
accordance with GAAP.

        "Capitalized Lease Principal" of any Person means, with respect to the
applicable Covenant Computation Period, the total expenditures by such Person to
pay the principal portion of any Capitalized Lease Payments during such period.

        "Cash Flow Available for Debt Service" of any Person means, with respect
to the applicable Covenant Computation Period, such Person's EBITDA less taxes
payable on account thereof and less Capital Expenditures not financed with
proceeds of additional Debt.

     "Cash Flow Available for Interest" of any Person means, with respect to the
applicable  Covenant  Computation  Period, such Person's Pre-Tax Net Income plus
Interest Expense payable in cash during such period.

     "Closing Date" means the date of this Agreement.

        "Collateral" means all personal property of the Borrower in which the
Bank has been granted a security interest pursuant to any Security Document,
together with all substitutions and replacements for and products of any of the
foregoing.

        "Commitment" means the Bank's Revolving Commitment or Term Commitment,
as the context may require.

        "Covenant Computation Date" means the last day of each fiscal quarter
(March 31, June 30, September 30, and December 31, as the case may be)
commencing June 30, 2000.

        "Covenant Computation Period" means the twelve (12) consecutive calendar
months immediately preceding and ending on the Covenant Computation Date.

        "Debt" of any Person means, without duplication (a) all obligations of
such Person for borrowed money, (b) all obligations of such Person evidenced by
bonds, debentures, notes or other similar instruments, (c) all obligations of
such Person to pay the deferred purchase price of property or services, except
trade accounts payable arising in the ordinary course of business, (d) all
Capitalized Lease Liabilities of such Person, (e) all debt of others secured by
a lien on any asset of such Person, whether or not such debt is assumed by such
Person, (f) all debt of others guaranteed by such other Person, (g) all
obligations of such Person to pay a specified purchase price for goods or
services, whether or not delivered or accepted (i.e., take-or-pay and similar
obligations), (h) all obligations of such Person under any interest rate swap
program or any similar agreement, arrangement or undertaking relating to
fluctuations in interest rates and (i) all obligations of such person to advance
funds to, or purchase assets, property or services from, any other Person in
order to maintain the financial condition of such Person.

        "Debt Service Coverage Ratio" of any Person means, with respect to the
applicable Covenant Computation Period, the ratio of such Person's (a) Cash Flow
Available for Debt Service to (b) Debt Service Requirements.

        "Debt Service Requirements" of any Person means, with respect to the
applicable Covenant Computation Period, the aggregate, without duplication, of
such Person's (a) Interest Expense (b) all scheduled installments of principal
on Funded Debt excluding voluntary prepayments of principal made, or to be made,
under the Term Note and any principal payments made under the Revolving Note
which are due on demand or during such period, and (c) all Capitalized Lease
Principal which is due on demand or during such period.

        "Default" means an event that, with giving of notice or passage of time
or both, would constitute an Event of Default.

        "Default Rate" shall have the meaning specified in Section 2.9(c).

        "EBITDA" of any Person means, with respect to the applicable Covenant
Computation Period, the sum of such Person's (a) Pre-Tax Net Income, (b)
Interest Expense and (c) depreciation, depletion, and amortization of tangible
and intangible assets, before (i) special extraordinary gains, (ii) minority
interests, and (iii) extraordinary gains and losses, in each case for such
period, computed and calculated in accordance with GAAP.

        "Environmental Laws" has the meaning specified in Section 4.12.

        "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended.

        "Eurodollar Advance" means any Advance subject to a Eurodollar Rate.

        "Eurodollar Base Rate" means, with respect to an Interest Period, the
rate per annum equal to the rate (rounded up to the nearest one-sixteenth of one
percent (1/16%)) determined by the Bank to be a rate at which U.S. dollar
deposits are offered to major banks in the London interbank eurodollar market
for funds to be made available on the first day of such Interest Period and
maturing at the end of such Interest Period, as determined by the Bank between
the opening of business and 12:00 Noon, Minneapolis, Minnesota time, on the
second Business Day prior to the beginning of such Interest Period.

        "Eurodollar Rate" means, with respect to an Interest Period, the rate
obtained by adding (i) Eurodollar Spread to (ii) the rate obtained by dividing
(A) the applicable Eurodollar Base Rate by (B) a percentage equal to one (1.00)
minus the applicable percentage (expressed as a decimal) prescribed by the Board
of Governors of the Federal Reserve System (or any successor thereto) for
determining reserve requirements applicable to eurodollar fundings (currently
referred to as "Eurocurrency Liabilities" in Regulation D) or any other reserve
requirements applicable to a member bank of the Federal Reserve System with
respect to such eurodollar liabilities.

        "Eurodollar Spread" means the amount as set forth below:

 Term Facility        Revolving Facility                    Status
 -------------        ------------------                --------------

     2.50%                  2.50%                       Level 1 Status
     2.75%                  2.75%                       Level 2 Status
     3.00%                   n/a                        Level 3 Status

        This spread shall be established for each fiscal quarter of the
Borrower, commencing on October 1, 2000, and shall be determined quarterly,
based on the Borrower's financial statements which are to be delivered pursuant
to Section 5.1(b) hereof. Any adjustment to this spread shall not become
effective until two (2) days after receipt of such financial statements by the
Bank. For the period from the Closing Date up to the point when this spread
shall be determined based upon the Borrower's financial statements for the
period ending September 30, 2000, this spread shall be at a Level 2 Status.

        "Event of Default" has the meaning specified in Section 7.1.

        "Facility" means the Revolving Facility or the Term Facility, as the
context may require.

        "FDC Group" means the Borrower, any Subsidiaries and each member of the
Affiliated Group.

        "Floating Rate" means an annual rate at all times equal to the Base Rate
plus the Floating Spread.

        "Floating Rate Advance" means any Advance subject to the Floating Rate.

        "Floating Spread" means the amount as set forth below:

Term Facility       Revolving Facility                   Status
-------------       ------------------               --------------

    0.00%                 0.00%                      Level 1 Status
    0.25%                 0.25%                      Level 2 Status
    0.50%                 n/a                        Level 3 Status

        This spread shall be established for each fiscal quarter of the
Borrower, commencing on October 1, 2000, and shall be determined quarterly,
based on the Borrower's financial statements which are to be delivered pursuant
to Section 5.1(b) hereof. Any adjustment to this spread shall not become
effective until two (2) days after receipt of such financial statements by the
Bank. For the period from the Closing Date up to the point when this spread
shall be determined based upon the Borrower's financial statements for the
period ending September 30, 2000, this spread shall be at a Level 2 Status.

        "Funded Debt" of a Person means all interest-bearing Debt of such
Person, and shall include all interest-bearing Debt created, assumed or
guaranteed by such Person either directly or indirectly, including obligations
secured by liens upon property of such Person and upon which such Person
customarily pays the interest, and all Capitalized Lease Liabilities.

        "GAAP" means generally accepted accounting principles.

        "Guarantees" means the Guarantees of each of the Guarantors, pursuant to
which each Guarantor guarantees payment of all Obligations.

        "Guarantor" means each member of the Affiliated Group.

        "Guarantor Security Agreements" means each of the Security Agreements
executed by a Guarantor.

        "Hazardous Substance" means any asbestos, urea-formaldehyde,
polychlorinated biphenyls ("PCBs"), nuclear fuel or material, chemical waste,
radioactive material, explosives, known carcinogens, petroleum products and
by-products and other dangerous, toxic or hazardous pollutants, contaminants,
chemicals, materials or substances listed or identified in, or regulated by, any
Environmental Laws.

        "Installment Date" has the meaning specified in Section 2.11(b).

        "Interest Coverage Ratio" of any Person means, with respect to the
applicable Covenant Computation Period, the ratio of such Person's (c) Cash Flow
Available for Interest to (b) Interest Expense.

        "Interest Expense" of any Person means, for the applicable period, such
Person's total gross interest expense during such period (excluding interest
income), and shall in any event include, without limitation, (a) interest
expensed (whether or not paid) on all Debt, (b) the amortization of debt
discounts, (c) the amortization of all fees payable in connection with the
incurrence of Debt to the extent included in interest expense, and (d) the
portion of any Capitalized Lease Obligation allocable to interest expense.

        "Interest Period" means, relative to any Eurodollar Advance, the period
beginning on (and including) the date on which such Eurodollar Advance is made
or continued as, or converted into, a Eurodollar Advance pursuant to Sections
2.4, 2.5 or 2.6 and shall end on (but exclude) the day which numerically
corresponds to such date one (1), two (2), three (3) or six (6) months
thereafter (or, if such month has no numerically corresponding day, on the last
Business Day of such month), as the Borrower may select in its relevant notice
pursuant to Sections 2.4, 2.5, or 2.6; provided, however, that:

        (a) the Borrower shall not be permitted to select Interest Periods to be
            in effect at any one time which have expiration dates occurring on
            more than four (4) different dates;

        (b) if an Interest Period would otherwise end on a day which is not a
            Business Day, such Interest Period shall end on the next following
            Business Day (unless such next following Business Day is the first
            Business Day of a calendar month, in which case such Interest Period
            shall end on the next preceding Business Day); and

        (c) no Interest Period may end later than the later of the (i) Revolving
            Commitment Termination Date, or (ii) the Term Commitment Termination
            Date.

        "Interest Rate Swap Agreements" has the meaning specified in Section
2.16.

        "Level 1 Status" means that period of time during which the ratio of the
FDC Group's Funded Debt to EBITDA, on a trailing twelve-month basis, is less
than 1.00 to 1.00.

        "Level 2 Status" means that period of time during which the ratio of the
FDC Group's Funded Debt to EBITDA, on a trailing twelve month basis, is equal to
or greater than 1.00 to 1.00 and, with respect to computation of the Term Spread
only, is less than or equal to 2.50 to 1.00.

        "Level 3 Status" means that period of time during which the ratio of the
FDC Group's Funded Debt to EBITDA, on a trailing twelve-month basis, is greater
than 2.50 to 1.00.

        "Loan Documents" means this Agreement, the Notes, the Guarantees, the
Subordination Agreements and the Security Documents.

        "Maturity Date" means (a) with respect to the Revolving Facility,
April 30, 2001, and (b) with respect to the Term Facility, April 30, 2005.

        "Note" or "Notes" means the Revolving Note or the Term Note, or all such
Notes, collectively, as the context may require.

        "Obligations" means each and every debt, liability and obligation of
every type and description arising under or in connection with any of the Loan
Documents which the Borrower may now or at any time hereafter owe to the Bank
whether such debt, liability or obligation now exists or is hereafter created or
incurred, whether it is direct or indirect, due or to become due, absolute or
contingent, primary or secondary, liquidated or unliquidated, or sole, joint,
several or joint and several, and including specifically, but not limited to,
all costs, expenses, attorney's fees, indebtedness, liabilities and obligations
of the Borrower arising under or evidenced by the Notes or any Interest Rate
Swap Agreements.

        "Origination Fee" has the meaning specified in Section 2.14(a).

        "Permitted Business Acquisition" has the meaning specified in
Section 6.7.

        "Permitted Liens" has the meaning specified in Section 6.1.

        "Person" means any individual, corporation, partnership, limited
liability company, joint venture, association, joint-stock company, trust,
unincorporated organization or government or any agency or political subdivision
thereof.

        "Plan" means an employee benefit plan or other plan maintained for
employees of the Borrower and covered by Title IV of ERISA.

        "Pre-Tax Net Income" of any Person means, with respect to the applicable
Covenant Computation Period, such Person's pre-tax net income, as determined in
accordance with GAAP, before any extraordinary or non-recurring items.

        "Pro Forma EBITDA" of any Person means, with respect to the applicable
Covenant Computation Period, the sum of such Person's (i) actual EBITDA for such
period, (ii) EBITDA relating to any Permitted Business Acquisitions of such
Person for such period, and (iii), subject to the review and prior approval of
the Bank, non-recurring charges specifically relating to any Permitted Business
Acquisitions of such Person, to the extent such charges are included in the
determination of such Person's EBITDA or the EBITDA relating to any such
Permitted Business Acquisition.

        "Reportable Event" has the meaning assigned to that term in Title IV of
ERISA.

        "Return" has the meaning specified in Section 2.20(b)(i).

        "Revolving Advance" means a loan of funds by the Bank to the Borrower
under the Revolving Facility.

        "Revolving Commitment" means the obligation of the Bank to make
Revolving Advances under Section 2.1 hereof in an amount not to exceed the
Revolving Commitment Amount.

        "Revolving Commitment Amount" means Six Million Dollars ($6,000,000),
being the maximum amount of the Revolving Advances, in the aggregate, at any
time to be outstanding pursuant to Section 2.1 hereof, subject to reduction in
accordance with Section 2.17(a).

        "Revolving Commitment Termination Date" means the earlier of (a) the
Maturity Date with respect to the Revolving Facility or (b) the date on which
the Revolving Commitment Amount is terminated in full pursuant to Section 7.2 or
reduced to zero pursuant to Section 2.17(a).

        "Revolving Facility" means the revolving credit facility being made
available to the Borrower by the Bank pursuant to Section 2.1.

        "Revolving Facility Outstanding Amount" means, as of the date of
determination, the aggregate principal amount of all outstanding Revolving
Advances.

        "Revolving Note" means a promissory note of the Borrower payable to the
Bank in the amount of the Bank's Revolving Commitment, in substantially the form
of Exhibit A (as such promissory note may be amended, extended or otherwise
modified from time to time), evidencing the aggregate revolving indebtedness of
the Borrower to the Bank, and also means each promissory note accepted by the
Bank from time to time in substitution therefor or in renewal thereof in
substantially the form of Exhibit A.

        "Security Agreement" means the Security Agreement of the Borrower dated
as of the date hereof, pursuant to which the Borrower grants the Bank a security
interest in all Collateral of the Borrower to secure payment of all Obligations.

        "Security Documents" means the Security Agreement, the Guarantees, the
Guarantor Security Agreements and each and every additional agreement entered
into by the Borrower for the benefit of the Bank to secure payment of any
Obligation.

        "Status" means the financial condition of the Borrower determined in
accordance with the definitions of "Level 1 Status," "Level 2 Status" and
"Level 3 Status."

        "Stockholders' Equity" of any Person means the aggregate capital and
retained earnings of such Person, as determined in accordance with GAAP, as set
forth and described in such Person's financial statements prepared on a
consistent basis.

        "Subordinated Debt" means all secured debt, evidenced by a promissory
note or other such instrument, made by Borrower and set forth in Schedule 3.1
hereto, as amended from time to time with the prior consent of the Bank.

        "Subordinated Lender" means each Person who is now, or at any time in
the future may become, the holder of any Subordinated Debt.

        "Subordination Agreement" means each Subordination Agreement between the
Bank and a Subordinated Lender subordinating payment of the Subordinated Debt
held by such Subordinated Lender to the first and prior payment of all
Obligations and subordinating any lien held by such Subordinated Lender as the
first and prior lien granted to the Bank pursuant to the Security Agreement.

        "Subsidiary" of any Person means any corporation of which more than
fifty percent (50%) of the outstanding shares of capital stock having general
voting power under ordinary circumstances to elect a majority of the board of
directors of such corporation, (irrespective of whether or not at the time stock
of any other class or classes shall have or might have voting power by reason of
the happening of any contingency) is at the time directly or indirectly owned by
such Person, by such Person and one or more Subsidiaries, or by one or more
other Subsidiaries.

        "Taxes" has the meaning specified in Section 2.19.

        "Term Advance" means the loan of funds by the Bank to the Borrower under
the Term Facility.

        "Term Commitment" means the obligation of the Bank to make a Term
Advance to the Borrower under Section 2.2 hereof in an amount not to exceed the
Term Commitment Amount.

        "Term Commitment Amount" means Four Million Dollars ($4,000,000), being
the maximum amount of the Term Commitment.

        "Term Commitment Termination Date" means the earlier of (a) the Maturity
Date with respect to the Term Facility or (b) the date on which the Term
Commitment Amount is terminated in full pursuant to Section 7.2.

        "Term Facility" means the term loan facility being made available to the
        Borrower by the Bank pursuant to Section 2.2.

        "Term Facility Outstanding Amount" means, as of the date of
determination, the unpaid principal amount of the Term Advance.

        "Term Note" means a promissory note of the Borrower payable to the Bank
in the amount of the Bank's Term Commitment, in substantially the form of
Exhibit B (as such promissory note may be amended, extended or otherwise
modified from time to time), evidencing the aggregate term indebtedness of the
Borrower to the Bank, and also means each other promissory note accepted from
time to time in substitution therefor or in renewal thereof in substantially the
form of Exhibit B hereto.

        "Type of Advance" has the meaning specified in Section 2.2.

        "UCC" means the Uniform Commercial Code as in effect from time to time
in the state designated in Section 8.7(a) hereof as the state whose laws shall
govern this Agreement, or in any other state whose laws are held to govern this
Agreement or any portion hereof.

                                   ARTICLE II

                                CREDIT FACILITIES

        Section 2.1 Commitment as to Revolving Facility. The Bank agrees, on the
terms and subject to the conditions herein set forth, to make Revolving Advances
to the Borrower from time to time during the period from the date hereof to and
including the Revolving Commitment Termination Date, or the earlier date of
termination in whole of the Revolving Commitment pursuant to Sections 2.17(a) or
7.2, in an aggregate amount at any time outstanding not to exceed the Revolving
Commitment Amount. Within the above limits, the Borrower may obtain Revolving
Advances, prepay Revolving Advances in accordance with the terms hereof and
reborrow Revolving Advances in accordance with the applicable terms and
conditions of this Article II.

        Section 2.2 Commitment as to Term Facility. The Bank hereby agrees, on
the terms and subject to the conditions herein set forth, to make a single Term
Advance to the Borrower on the Closing Date in an amount equal to the Term
Commitment Amount. The Term Facility is not a revolving facility and, once the
Bank makes the initial Term Advance, the Bank shall have no further obligation
to make any additional Term Advances to the Borrower under the Term Facility,
whether or not any amounts are repaid thereunder.

        Section 2.3 Various Types of Advances. The Term Advance and each
Revolving Advance hereunder shall be funded by the Bank as either a Floating
Rate Advance or a Eurodollar Advance (each being herein called a "Type of
Advance"), as the Borrower shall specify in the related notice of proposed
Borrowing or notice of conversion pursuant to Section 2.4 or 2.5. Floating Rate
Advances and Eurodollar Advances may be outstanding at the same time. It is
understood, however, that (i) in the case of Advances which are Floating Rate
Advances, the principal amount of each such Advance shall be in an amount equal
to or greater than $50,000 (ii) in the case of Advances which are Eurodollar
Advances, the principal amount of each such Advance shall be in an amount equal
to $100,000 or an integral multiple of $100,000.

        Section 2.4 Procedures for Borrowing Under the Revolving Facility. Each
Borrowing under the Revolving Facility shall be funded by the Bank as a
Revolving Advance. The principal amount of each Revolving Advance shall be in an
amount equal to or greater than $50,000 or $100,000 depending on the Type of
Advance. The Borrower shall give notice to the Bank of each proposed Borrowing
not later than 12:00 Noon, Minneapolis, Minnesota time, on a Business Day which,
in the case of a Borrowing that is to bear interest initially at the Floating
Rate, is the proposed date of such Borrowing or, in the case of a Borrowing that
is to bear interest initially at a Eurodollar Rate, is at least two (2) Business
Days prior to the proposed date of such Borrowing. Each such notice shall be
effective upon receipt by the Bank, shall be in writing or by telephone or
telecopy transmission, to be confirmed in writing by the Borrower if so
requested by the Bank (in the form of Exhibit C), and shall specify whether the
Borrowing is to bear interest initially at the Floating Rate or a Eurodollar
Rate, and in the case of a Borrowing that is to bear interest initially at a
Eurodollar Rate, shall specify the Interest Period to be applicable thereto.
Subject to satisfaction of the conditions precedent set forth in Article III
with respect to such Borrowing, the Bank shall fund the requested Revolving
Advance to the Borrower prior to the close of business on the requested
Borrowing date.

        Section 2.5 Converting Floating Rate Advances to Eurodollar Advances;
Procedures. So long as no Default or Event of Default shall exist, the Borrower
may convert all or any part of any outstanding Floating Rate Advance into a
Eurodollar Advance by giving notice to the Bank of such conversion not later
than 12:00 Noon, Minneapolis, Minnesota time, on a Business Day which is at
least two (2) Business Days prior to the date of the requested conversion. Each
such notice shall be effective upon receipt by the Bank, shall be in writing or
by telephone or telecopy transmission, to be confirmed in writing by the
Borrower if so requested by the Bank (in the form of Exhibit D), shall specify
the date and amount of such conversion, the total amount of Floating Rate
Advances to be so converted and the Interest Period therefor. Each conversion of
Floating Rate Advances shall be on a Business Day, and the aggregate amount of
each such conversion of Floating Rate Advances to a Eurodollar Advance shall be
in an amount equal to $100,000 or a higher integral multiple of $100,000.

        Section 2.6 Procedures at End of an Interest Period. Unless the Borrower
requests a new Eurodollar Advance in accordance with the procedures set forth
below, or prepays the principal of an outstanding Eurodollar Advance at maturity
thereof, the Bank shall automatically and without request by the Borrower,
convert each Eurodollar Advance to a Floating Rate Advance on the last day of
the relevant Interest Period. So long as no Default or Event of Default shall
exist, the Borrower may cause all or any part of any outstanding Eurodollar
Advances to continue to bear interest at a Eurodollar Rate after the end of the
then applicable Interest Period by notifying the Bank not later than 12:00 Noon,
Minneapolis, Minnesota time, on a Business Day which is at least two (2)
Business Days prior to the first day of the new Interest Period. Each such
notice shall be in writing or by telephone or telecopy transmission, to be
confirmed in writing by the Borrower if so requested by the Bank (in the form of
Exhibit E), shall be effective when received by the Bank, and shall specify the
first day of the applicable Interest Period, the amount of the expiring
Eurodollar Advances to be continued and the Interest Period therefor. Each new
Interest Period shall begin on a Business Day and the aggregate amount of the
Revolving Advances bearing the new Eurodollar Rate shall be in an amount equal
to $100,000 or a higher multiple of $100,000.

        Section 2.7 Setting and Notice of Rates. The applicable Eurodollar Rate
for each Interest Period shall be determined by the Bank and notice thereof
(which may be by telephone) shall be given by the Bank to the Borrower. Each
such determination of the applicable Eurodollar Rate shall be conclusive and
binding upon the parties hereto, in the absence of demonstrable error. The Bank,
upon written request of the Borrower, shall deliver to the Borrower a statement
showing the computations used by the Bank in determining the applicable
Eurodollar Rate hereunder.

        Section 2.8 Right of Bank to Fund through Other Offices. The Bank, if
it so elects, may fulfill its Commitment as to any Eurodollar Advance by causing
a foreign branch or affiliate of such Bank to make such Eurodollar Advance;
provided, that in such event the obligation to the Borrower to repay such
Eurodollar Advance shall nevertheless be to the Bank and shall be deemed held by
the Bank, to the extent of such Eurodollar Advance, for the account of such
branch or affiliate.

        Section 2.9 Interest on Advances. The Borrower hereby agrees to pay
interest on the unpaid principal amount of each Advance for the period
commencing on the date such Advance is made by the Bank until such Advance is
paid in full, in accordance with the following:

        (a) Floating Rate Advances. Subject to subsection (c) below, while an
            Advance is a Floating Rate Advance, the outstanding principal
            balance thereof shall bear interest at an annual rate at all times
            equal to the Floating Rate.

        (b) Eurodollar Rate Advances. Subject to subsection (c) below, while an
            Advance is a Eurodollar Advance, the outstanding principal balance
            thereof shall bear interest for the applicable Interest Period at an
            annual rate equal to the Eurodollar Rate established with respect
            such Eurodollar Advance in accordance with Section 2.4, 2.5 or 2.6
            hereof.

        (c) Default Rate. From and after the occurrence of an Event of Default
            and continuing thereafter until such Event of Default shall be
            remedied to the written satisfaction of the Bank, the outstanding
            principal balance of each Advance shall bear interest, until paid in
            full, at a rate equal to the sum of (i) the interest rate otherwise
            in effect with respect such Advance and (ii) two percent (2%) (the
            "Default Rate").

        Section 2.10 Obligation to Repay Advances; Representations. The Borrower
shall be obligated to repay all Advances under this Article II notwithstanding
the failure of the Bank to receive any written request therefor or written
confirmation thereof and notwithstanding the fact that the person requesting the
same was not in fact authorized to do so. Any request for a Borrowing under
Section 2.4, whether written, telephonic, telecopy or otherwise, shall be deemed
to be a representation by the Borrower that (a) the amount of the Borrowing,
when added to the Revolving Facility Outstanding Amount, would not exceed the
Revolving Commitment Amount and (b) the statements set forth in Section 3.2
hereof are correct as of the time of the request.

        Section 2.11 Notes; Amortization.

        (a) Revolving Facility. All Revolving Advances made by the Bank
            hereunder shall be evidenced by and be repayable with interest in
            accordance with the Revolving Note issued by the Borrower to the
            Bank. The aggregate unpaid principal amount of the Revolving Note
            shall be payable as provided therein and herein on the earlier of
            the Revolving Commitment Termination Date or earlier in accordance
            with Section 7.2.

        (b) Term Facility. The Term Advance made by the Bank hereunder shall be
            evidenced by and be repayable with interest in accordance with the
            Term Note issued by the Borrower to the Bank. The Term Note shall
            bear interest as provided therein and herein. The Term Facility
            shall be payable in monthly principal installments of $66,666.67
            each, commencing on June 30, 2000 and continuing on the last day of
            each month thereafter (each herein an "Installment Date") until the
            Maturity Date, when all unpaid principal thereof shall be finally
            due and payable.

        Section 2.12 Interest Due Dates. Accrued interest on each Eurodollar
Advance shall be payable on the last day of the Interest Period relating to such
Eurodollar Advance; provided, however, that if any Interest Period is longer
than three (3) months, interest shall be payable monthly in arrears on the last
day of each monthly period occurring after commencement of such Interest Period
and on the last day of the Interest Period. Accrued interest on each Floating
Rate Advance shall be payable in arrears on the last day of each month and at
maturity or conversion of such Floating Rate Loan to a Eurodollar Advance.

        Section 2.13 Computation of Interest and Fees. Interest accruing on the
Notes and all other fees described in Section 2.14 shall be computed on the
basis of actual number of days elapsed in a year of three hundred sixty (360)
days.

        Section 2.14 Fees. The Borrower hereby agrees to pay fees to the Bank,
commencing on the date hereof and continuing until all Obligations are paid in
full, in accordance with the following:

        (a) Origination Fee. The Borrower agrees to pay the Bank an origination
            fee (the "Origination Fee") of $49,800, payable upon execution of
            this Agreement.

        (b) Audit Fees. The Borrower agrees to pay to the Bank, on written
            demand, reasonable fees charged by the Bank in connection with any
            audits or inspections by the Bank of any Collateral or the
            operations or businesses of the Borrower, together with actual
            out-of-pocket costs and expenses incurred in conducting any such
            audit or inspection; provided, however, that until the occurrence of
            an Event of Default the Borrower shall not be obligated to reimburse
            the Bank for more than one such audit or inspection conducted by the
            Bank during each fiscal year of the Borrower.

        Section 2.15 Use of Proceeds. The proceeds of the initial Borrowings
hereunder shall be used by the Borrower in accordance with Exhibit G and the
Lender is hereby authorized and directed to pay proceeds of such Borrowings as
therein provided.

        Section 2.16 Hedging Agreements. In conjunction with this Facility, the
Borrower may, from time to time, execute certain documents for the purpose of
entering into interest rate contracts with the Bank ("Interest Rate Swap
Agreements"). Any Interest Rate Swap Agreements shall reference this Agreement,
and the obligations of the Borrower under any Interest Rate Swap Agreements
shall be included within the definition of Obligations hereunder and shall be
secured by the Security Documents.

        Section 2.17 Voluntary Permanent Reduction or Termination of the
Commitment; Prepayments.

        (a) Permanent Reduction or Termination of Commitment. The Borrower, from
            time to time upon not less than three (3) Business Days' prior
            written notice, may permanently reduce the Revolving Commitment
            Amount; provided, however, that no such reduction shall reduce the
            Revolving Commitment Amount to an amount less than the Revolving
            Facility Outstanding Amount. Any such permanent reduction shall be
            in an amount equal to $100,000 or a higher integral multiple of
            $100,000. The Borrower at any time prior to the Revolving Commitment
            Termination Date may terminate the Revolving Commitment by (i)
            providing to the Bank not less than three (3) Business Days prior
            written notice of its intention to so terminate the Revolving
            Commitment and (ii) making payment in full of the Revolving Note and
            all other Obligations.

        (b) Prepayments. Subject to the following provisions of this subsection
            (b), the Borrower from time to time may voluntarily prepay the
            Notes in whole or in part. In the event of any prepayment hereunder,
            (i) each prepayment of the Notes shall be made to the Bank not later
            than 12:00 Noon, Minneapolis, Minnesota time, on a Business Day, and
            funds received after that hour shall be deemed to have been received
            by the Bank on the next following Business Day, (ii) any partial
            prepayment of Revolving Advances which, at the time of such
            prepayment, bear interest at a Eurodollar Rate shall be accompanied
            by accrued interest on such partial prepayment through the date of
            prepayment and additional compensation calculated in accordance with
            Section 2.21, (iii) each partial prepayment of Revolving Advances
            which, at the time of such prepayment, bear interest at a Eurodollar
            Rate, shall be in an amount equal to $100,000 or a higher integral
            multiple of $100,000 and (iv) each partial prepayment of Advances
            which, at the time of such prepayment, bear interest at a Floating
            Rate, shall be in an amount equal to or greater than $25,000, (v)
            unless notified by the Borrower in writing to the contrary, the Bank
            shall apply all partial prepayments to outstanding Revolving
            Advances and, if no Revolving Advances are then outstanding, to
            outstanding Term Advances and (iv) each voluntary partial prepayment
            of the Term Note shall be applied to principal installments becoming
            due under such Note in inverse order of their respective maturities.
            Notwithstanding the foregoing, upon written notice of the Borrower
            to the Bank, voluntary prepayments of the Term Note may be applied
            to the principal installment due on the next occurring Installment
            Date.

        Section 2.18 Payments.

        (a) Making of Payments. All payments of principal of and interest on the
            Notes and all payments of fees and other Obligations due hereunder
            shall be made to the Bank at its office in Minneapolis, Minnesota,
            not later than 12:00 Noon, Minneapolis, Minnesota, time, on the date
            due, in immediately available funds, and funds received after that
            hour shall be deemed to have been received by the Bank on the next
            following Business Day. The Borrower hereby authorizes the Bank
            to charge the Borrower's demand deposit account maintained with the
            Bank for the amount of any such payment on the due date therefor,
            but the Bank's failure to so charge such account shall in no way
            affect the obligation of the Borrower to make any such payment.

        (b) Setoff. The Borrower agrees that the Bank shall have all rights of
            setoff and bankers' lien provided by applicable law, and in addition
            thereto, the Borrower agrees that at any time (i) any amount owing
            by the Borrower under this Agreement is due to the Bank and (ii) if
            any Event of Default exists, the Bank may apply to the payment of
            any amount owing by the Borrower under this Agreement any and all
            balances, credits, and deposits, accounts or moneys of the Borrower
            then or thereafter in the possession of the Bank.

        (c) Due Date Extension. If any payment of principal of or interest on
            any Advance or any fees payable hereunder falls due on a day which
            is not a Business Day, then such due date shall be extended to the
            next following Business Day, and (in the case of principal)
            additional interest shall accrue and be payable for the period of
            such extension.

        (d) Application of Certain Payments. Except as otherwise provided
            herein, so long as no Default or Event of Default has occurred and
            is continuing hereunder, each payment of principal shall be applied
            to such Advances as the Borrower shall direct by notice, said notice
            to be received by the Bank on or before the date of such payment, or
            in the absence of such notice, as the Bank shall determine in its
            discretion.

        Section 2.19 Taxes. All payments made by the Borrower to the Bank under
or in connection with this Agreement or the Notes shall be made without any
setoff or other counterclaim, and free and clear of and without deduction for or
on account of any present or future taxes now or hereafter imposed by any
governmental or other authority, except to the extent that any such deduction or
withholding is compelled by law. As used herein, the term "Taxes" shall include
all income, excise and other taxes of whatever nature (other than taxes
generally assessed on the overall net income of the Bank by the government or
other authority of the country, state or political subdivision in which the Bank
is incorporated or in which the office through which the Bank is acting is
located) as well as all levies, imposts, duties, charges, or fees of whatever
nature. If the Borrower, or any Guarantor, is compelled by law to make any
deductions or withholdings on account of any Taxes (including any foreign
withholding) it will:

        (a) pay to the relevant authorities the full amount required to be so
            withheld or deducted;

        (b) pay such additional amounts (including, without limitation, any
            penalties, interest or expenses) as may be necessary in order that
            the net amount received by the Bank after such deductions or
            withholdings (including any required deduction or withholding on
            such additional amounts) shall equal the amount the Bank would have
            received had no such deductions or withholdings been made; and

        (c) promptly forward to the Bank an official receipt or other
            documentation satisfactory to the Bank evidencing such payment to
            such authorities.

        The amount that the Borrower shall be required to pay to the Bank
pursuant to the foregoing clause (b) shall be reduced, to the extent permitted
by applicable law, by the amount of any offsetting tax benefit which the Bank
receives as the result of Borrower's payment to the relevant authorities as
reasonably determined by the Bank; provided, however, that if the Bank shall
subsequently determine that it has lost the benefit of all or a portion of such
tax benefit, the Borrower shall promptly remit to the Bank the amount certified
by the Bank to be the amount necessary to restore the Bank to the position it
would have been in if no payment had been made pursuant to this sentence. If any
Taxes otherwise payable by the Borrower pursuant to the foregoing paragraph are
directly asserted against the Bank, the Bank may pay such taxes and the Borrower
promptly shall reimburse the Bank to the full extent otherwise required by such
paragraph. The obligations of the Borrower under this Section 2.19 shall survive
any termination of this Agreement.

Section 2.20 Increased Costs; Capital Adequacy; Funding Exceptions.

        (a) Increased Costs on Eurodollar Advances. If Regulation D of the Board
            of Governors of the Federal Reserve System or after the date of this
            Agreement, the adoption of any applicable law, rule or regulation,
            or any change in any existing law, or any change in the
            interpretation or administration thereof by any governmental
            authority, central bank or comparable agency charged with the
            interpretation or administration thereof, or compliance by any Bank
            with any request or directive (whether or not having the force of
            law) of any such authority, central bank or comparable agency,
            shall:

                (i) subject the Bank to or cause the withdrawal or termination
                    of any exemption previously granted any Bank with respect
                    to, any tax, duty or other charge with respect to its
                    Eurodollar Advances or its obligation to make Eurodollar
                    Advances, or shall change the basis of taxation of payments
                    to the Bank of the principal of or interest under this
                    Agreement in respect of its Eurodollar Advances or its
                    obligation to make Eurodollar Advances (except for changes
                    in the rate of tax on the overall net income of such Bank
                    imposed by the jurisdictions in which the Bank's principal
                    executive office is located); or

                (ii) impose, modify or deem applicable any reserve (including,
                     without limitation, any reserve imposed by the Board of
                     Governors of the Federal Reserve System, but excluding any
                     reserve included in the determination of interest rates
                     pursuant to Section 2.9), special deposit or similar
                     requirement against assets of, deposits with or for the
                     account of, or credit extended by, the Bank; or

                (iii) impose on the Bank any other condition affecting its
                      making, maintaining or funding of its Eurodollar Advances
                      or its obligation to make Eurodollar Advances; and the
                      result of any of the foregoing is to increase the cost to
                      the Bank of making or maintaining any Eurodollar Advance,
                      or to reduce the amount of any sum received or receivable
                      by the Bank under this Agreement or under the Note with
                      respect to a Eurodollar Advance, then the Bank will notify
                      the Borrower within ninety (90) days after discovering
                      such increased cost and within fifteen (15) days after
                      demand by the Bank (which demand shall be accompanied by
                      a statement setting forth the basis of such demand), the
                      Borrower shall pay to the Bank such additional amount or
                      amounts as will compensate the Bank for such increased
                      cost or such reduction. The Bank will promptly notify
                      the Borrower of any event of which it has knowledge,
                      occurring after the date hereof, which will entitle the
                      Bank to compensation pursuant to this Section 2.20. If the
                      Borrower receives notice from the Bank of any event which
                      will entitle the Bank to compensation pursuant to this
                      Section 2.20, the Borrower may prepay any then outstanding
                      Eurodollar Advances or notify the Bank that any pending
                      request for a Eurodollar Advance shall be deemed to be a
                      request for a Floating Rate Advance, in each case subject
                      to the provisions of Section 2.21.

        (b) Capital Adequacy. If the Bank determines at any time that the Bank's
            Return has been reduced as a result of any Capital Adequacy Rule
            Change, the Bank may require the Borrower to pay to the Bank the
            amount necessary to restore the Bank's Return to what it would have
            been had there been no Capital Adequacy Rule Change. For purposes
            of this Section 2.20, the following definitions shall apply:

                (i) "Return," for any calendar quarter or shorter period, means
                    the percentage determined by dividing (i) the sum of
                    interest and ongoing fees earned by the Bank under this
                    Agreement during such period by (ii) the average capital the
                    Bank is required to maintain during such period as a result
                    of its being a party to this Agreement, as determined by the
                    Bank based upon its total capital requirements and a
                    reasonable attribution formula that takes account of the
                    Capital Adequacy Rules then in effect. Return may be
                    calculated for the Bank for each calendar quarter and for
                    the shorter period between the end of a calendar quarter and
                    the date of termination in whole of this Agreement.

                (ii) "Capital Adequacy Rule" means any law, rule, regulation or
                     guideline regarding capital adequacy that applies to the
                     Bank, or the interpretation thereof by any governmental or
                     regulatory authority. Capital Adequacy Rules include rules
                     requiring financial institutions to maintain total capital
                     in amounts based upon percentages of outstanding loans,
                     binding loan commitments and letters of credit.

                (iii) "Capital Adequacy Rule Change" means any change in any
                      Capital Adequacy Rule occurring after the date of this
                      Agreement, but does not include any changes in applicable
                      requirements that at the date hereof are scheduled to take
                      place under the existing Capital Adequacy Rules or any
                      increases in the capital that the Bank is required to
                      maintain to the extent that the increases are required due
                      to a regulatory authority's assessment of the Bank's
                      financial condition.

        The initial notice sent by the Bank shall be sent as promptly as
practicable after the Bank learns that its Return has been reduced, shall
include a demand for payment of the amount necessary to restore the Bank's
Return for the quarter in which the notice is sent, and shall state in
reasonable detail the cause for the reduction in the Bank's Return and the
Bank's calculation of the amount of such reduction. Thereafter, the Bank may
send a new notice during each calendar quarter setting forth the calculation of
the reduced Return for that quarter and including a demand for payment of the
amount necessary to restore the Bank's Return for that quarter. The Bank's
calculation in any such notice shall be conclusive and binding absent
demonstrable error.

        (c) Basis for Determining Interest Rate Inadequate or Unfair. If with
            respect to any Interest Period:

                (i) the Bank determines that deposits in U.S. dollars (in the
                    applicable amounts), as the case may be, are not being
                    offered in the London interbank eurodollar market for such
                    Interest Period; or

                (ii) the Bank otherwise determines (which determination shall be
                     binding and conclusive on all parties) that by reason of
                     circumstances affecting the London interbank eurodollar
                     market adequate and reasonable means do not exist for
                     ascertaining the applicable Eurodollar Rate; or

                (iii) the Bank advises the Borrower that the Eurodollar Rate as
                      determined by the Bank will not adequately and fairly
                      reflect the cost to the Bank of maintaining or funding a
                      Eurodollar Advance for such Interest Period, or that
                      the making or funding of Eurodollar Advances has become
                      impracticable as a result of an event occurring after the
                      date of this Agreement which in the opinion of the Bank
                      materially affects such Eurodollar Advances;

        then the Bank shall promptly notify the Borrower and the Borrower shall
enter into good faith negotiations with the Bank in order to determine an
alternate method to determine the Eurodollar Rate for the Bank, and during the
pendency of such negotiations with the Bank, the Bank shall be under no
obligation to make Eurodollar Advances.

        (d) Illegality. In the event that any change in (including the adoption
            of any new) applicable laws or regulations, or any change in the
            interpretation of applicable laws or regulations by any governmental
            authority, central bank, comparable agency or any other regulatory
            body charged with the interpretation, implementation or
            administration thereof, or compliance by the Bank with any
            request or directive (whether or not having the force of law) of any
            such authority, central bank, comparable agency or other regulatory
            body, should make it (or, in the good faith judgment of the Bank,
            shall raise a substantial question as to whether it is) unlawful for
            the Bank to make, maintain or fund Eurodollar Advances, then (i) the
            Bank shall promptly notify the Borrower, (ii) the obligation of the
            Bank to make, maintain or convert into Eurodollar Advances shall,
            upon the effectiveness of such event, be suspended for the duration
            of such unlawfulness, and (iii) for the duration of such
            unlawfulness, any notice by the Borrower pursuant to Section 2.4,
            2.5 or 2.6 requesting the Bank to make or convert into Eurodollar
            Advances shall be construed as a request to make or to continue
            making Floating Rate Advances.

        Section 2.21 Funding Losses. The Borrower hereby agrees that upon demand
by the Bank (which demand shall be accompanied by a statement setting forth the
basis for the calculations of the amount being claimed) the Borrower will
indemnify the Bank against any loss or expense which the Bank may have sustained
or incurred (including, without limitation, any net loss or expense incurred by
reason of the liquidation or reemployment of deposits or other funds acquired by
the Bank to fund or maintain Eurodollar Advances) or which may be deemed to have
sustained or incurred, as reasonably determined by the Bank, (i) as a
consequence of any failure by the Borrower to make any payment when due of any
amount due hereunder in connection with any Eurodollar Advances, (ii) due to any
failure of the Borrower to borrow or convert any Eurodollar Advances on a date
specified therefor in a notice thereof or (iii) due to any payment or prepayment
of any Eurodollar Advance on a date other than the last day of the applicable
Interest Period for such Eurodollar Advance. For this purpose, all notices of
Borrowing pursuant to this Agreement shall be deemed to be irrevocable.

        Section 2.22 Discretion of Bank as to Manner of Funding. Notwithstanding
any provision of this Agreement to the contrary, the Bank shall be entitled to
fund and maintain its funding of all or any part of its Eurodollar Advances in
any manner it deems fit, it being understood, however, that for the purposes of
this Agreement (specifically including, without limitation, Section 2.21 hereof)
all determinations hereunder shall be made as if the Bank had actually funded
and maintained each Eurodollar Advance during each Interest Period for such
Eurodollar Advance through the purchase of deposits having a maturity
corresponding to such Interest Period and bearing an interest rate equal to the
appropriate Eurodollar Rate for such Loan Period.

        Section 2.23 Conclusiveness of Statements; Survival of Provisions.
Determinations and statements of the Bank pursuant to Section 2.19, 2.20, 2.21,
or 2.22 shall be conclusive absent demonstrable error. The Bank may use
reasonable averaging and attribution methods in determining compensation
pursuant to such Sections and the provisions of such Sections shall survive
termination of this Agreement.

                                   ARTICLE III

                              CONDITIONS OF LENDING

        Section 3.1 Conditions Precedent to the Initial Advances. The obligation
of the Bank to fund the initial Advance request of the Borrower is subject to
the condition precedent that the Bank shall have received the following, each in
form and substance satisfactory to the Bank:

        (a) The Notes, properly executed on behalf of the Borrower.

        (b) A certified copy of the resolutions of the Board of Directors of the
            Borrower evidencing approval of all Loan Documents and the other
            matters contemplated hereby.

        (c) Copies of the Articles of Incorporation and Bylaws of the Borrower,
            certified by the Secretary or Assistant Secretary of the Borrower
            as being true and correct copies thereof.

        (d) A certificate of good standing of the Borrower, dated not more than
            sixty (60) days prior to the date hereof and evidence satisfactory
            to the Bank that the Borrower is qualified to conduct its business
            in each state where it presently conducts such business.

        (e) A signed copy of a certificate of the Secretary or an Assistant
            Secretary of the Borrower which shall certify the names of the
            officers of the Borrower authorized to sign the Loan Documents and
            the other documents or certificates to be delivered pursuant to this
            Agreement by the Borrower or any of its officers, including requests
            for Advances, together with the true signatures of such officers.
            The Bank may conclusively rely on such certificate until it shall
            receive a further certificate of the Secretary or Assistant
            Secretary of the Borrower canceling or amending the prior
            certificate and submitting the signatures of the officers named in
            such further certificate.

        (f) The Guarantees, properly executed by each of the Guarantors,
            pursuant to which each such Guarantor unconditionally guarantees the
            full and prompt payment of all Obligations.

        (g) The Guarantor Security Agreements, properly executed by each of the
            Guarantors, pursuant to which each Guarantor grants a security
            interest in all of such Guarantor's personal property assets as
            collateral for such Guarantor's obligations under such Guarantor's
            Guaranty.

        (h) A certified copy of the resolutions of the board of directors or
            members, as the case may be, and shareholders, if necessary, of each
            of the Guarantors evidencing approval of each Guarantor's Guaranty
            and Guarantor Security Agreement.

        (i) Copies of the articles of incorporation and bylaws, or articles of
            organization and operating agreements, as the case may be, of each
            Guarantor, as the case may be, certified by an officer of member, as
            the case may be, of such Guarantor as being true and correct copies
            thereof.

        (j) A certificate of good standing of each Guarantor, dated not more
            than sixty (60) days prior to the date hereof and evidence
            satisfactory to the Bank that such Guarantor is qualified to conduct
            its business in each state where it presently conducts such
            business.

        (k) A signed copy of a certificate of an officer or member, as the case
            may be, of each Guarantor which shall certify the names of the
            officers or members, as the case may be, of such Guarantor
            authorized to sign such Guarantor's Guaranty and Guarantor Security
            Agreement and the other documents or certificates to be delivered
            pursuant to this Agreement by such Guarantor or any of its officers,
            or members, as the case may be, together with the true signatures of
            such officers or members, as the case may be. The Bank may
            conclusively rely on such certificate until it shall receive a
            further certificate of an officer or member, of such Guarantor
            canceling or amending the prior certificate and submitting the
            signatures of the officers named in such further certificate.

        (l) Financing statements sufficient when filed to perfect the security
            interests granted under the Security Documents, to the extent such
            security interests are capable of being perfected by filing.

        (m) Current searches of appropriate filing offices (including, without
            limitation, secretaries of state and county recorders) showing that
            no state or federal tax liens have been filed and remain in effect
            against the Borrower or any of the Guarantors, and that no financing
            statements or other notifications or filings have been filed and
            remain in effect against the Borrower or any of the Guarantors,
            other than those for which the Bank has received an appropriate
            release, termination or satisfaction or those permitted in
            accordance with Section 6.1.

        (n) A certificate of insurance with respect to all equipment and
            inventory of the Borrower and each of the Guarantors, naming the
            Bank as lender's loss payee thereunder, together with an acceptable
            lender's loss payable endorsement.

        (o) A Subordination Agreement with each Subordinated Lender, in form and
            content acceptable to the Bank, together with copies of all notes,
            security agreements and other documentation evidencing any security
            therefor or any Subordinated Debt identified in Schedule 3.1 hereto,
            as amended from time to time.

        (p) Collateral audit reports in all respects satisfactory to the Bank.

        (q) Audited financial statements the FDC Group for the year ended
            December 31, 1999.

        (r) Payment of all fees and expenses then due and payable pursuant to
            Sections 2.14 and 8.4 hereof.

        (s) A signed copy of an opinion of counsel for the Borrower and each of
            the Guarantors, addressed to the Bank, in form and content
            acceptable to the Bank.

        Section 3.2 Conditions Precedent to All Advances. The obligation of the
Bank to make each Advance shall be subject to the further conditions precedent
that on such date:

        (a) the representations and warranties contained in Article IV hereof
            are correct on and as of the date of such Advance as though made on
            and as of such date; and

        (b) no event has occurred and is continuing, or would result from such
            Advance, which constitutes a Default or an Event of Default.

                                   ARTICLE IV

                         REPRESENTATIONS AND WARRANTIES

The Borrower represents and warrants to the Bank as follows:

        Section 4.1 Corporate Existence and Power; Name; Chief Executive Office.
The Borrower is a corporation duly incorporated, validly existing and in good
standing under the laws of the State of Colorado, and is duly licensed or
qualified to transact business in all jurisdictions where the character of the
property owned or leased or the nature of the business transacted by it makes
such licensing or qualification necessary and where failure to obtain such
licensing or qualification would have a material adverse effect on the Borrower.
The Borrower has all requisite power and authority, corporate or otherwise, to
conduct its business, to own its properties and to execute and deliver, and to
perform all of its obligations under, the Loan Documents. Within the last twelve
(12) months, the Borrower has done business solely under the names set forth in
Schedule 4.l hereto. The chief executive office and principal place of business
of the Borrower is located at the address set forth in Schedule 4.1 hereto, and
all of the Borrower's records relating to its businesses are kept at that
location.

        Section 4.2 Authorization for Borrowings; No Conflict as to Law or
Agreements. The execution, delivery and performance by the Borrower of the Loan
Documents and Advances from time to time obtained hereunder, have been duly
authorized by all necessary corporate action and do not and will not (a) require
any consent or approval which has not been obtained prior to the date hereof,
(b) require any authorization, consent or approval by, or registration,
declaration or filing (other than filing of financing statements as contemplated
hereunder) with, or notice to, any governmental department, commission, board,
bureau, agency or instrumentality, domestic or foreign, or any third party,
except such authorization, consent, approval, registration, declaration, filing
or notice as has been obtained, accomplished or given prior to the date hereof,
(c) violate any provision of any law, rule or regulation (including, without
limitation, Regulation X of the Board of Governors of the Federal Reserve
System) or of any order, writ, injunction or decree presently in effect having
applicability to the Borrower or of the articles of incorporation or bylaws of
the Borrower, (d) result in a breach of or constitute a default under any
indenture or loan or credit agreement or any other material agreement, lease or
instrument to which the Borrower is a party or by which it or its properties may
be bound or affected, or (e) result in, or require, the creation or imposition
of any mortgage, deed of trust, pledge, lien, security interest or other charge
or encumbrance of any nature upon or with respect to any of the properties now
owned or hereafter acquired by the Borrower (other than as required hereunder in
favor of the Bank).

        Section 4.3 Legal Agreements. The Loan Documents, which relate to the
Borrower only, constitute the legal, valid and binding obligations and
agreements of the Borrower, enforceable against the Borrower in accordance with
their respective terms.

        Section 4.4 Subsidiaries. Except as set forth in Schedule 4.1, the
Borrower has no Subsidiaries.

        Section 4.5 Financial Condition; No Adverse Change. The Borrower has
heretofore furnished to the Bank audited financial statements for its fiscal
year ended December 31, 1999 and unaudited financial statements for the month
ended January 31, 2000 and those statements fairly present the financial
condition of the Borrower on the dates thereof and the results of its operations
and cash flows for the periods then ended and were prepared in accordance with
GAAP. Since the date of the financial statements described above, there has been
no material adverse change in the business, properties or condition (financial
or otherwise) of the Borrower.

        Section 4.6 Litigation. On March 13, 2000, the Borrower was served with
a demand for arbitration by the holder of separate area development and
franchise agreements covering (1) the State of Ohio; Mercer County Pennsylvania;
and Hinsdale and Lenawee County Michigan; and (2) the State of Florida (except
the counties of Broward, Dade, Monroe, Collier, Lee and Hendri). The arbitration
demand alleges breaches of the franchise agreements, violations of the Minnesota
Franchise Act, and various state-law tort claims. The arbitration demand seeks
unspecified damages and declaratory relief. The Borrower has filed its answer
and is in the process of evaluating the case. The Borrower intends vigorously to
contest the claims alleged in the proceeding and has asserted counterclaims
relating to unauthorized out-of territory sales, failure to develop franchise
areas, and for other amounts owed by the franchisee to the Borrower. Due to the
early stage of this litigation the Borrower cannot, nor can counsel, express a
judgement as to either the likelihood of success on the Borrower's counterclaims
or an unfavorable outcome, or the amount or range of a potential recovery or
loss. Other than the above case and other legal proceedings in the ordinary
course of its business the Borrower represents as immaterial, there are no
actions, suits or proceedings pending or, to the knowledge of the Borrower,
threatened against or affecting the Borrower or the properties of the Borrower
before any court or governmental department, commission, board, bureau, agency
or instrumentality, domestic or foreign, which, if determined adversely to the
Borrower, could have a material adverse effect on the financial condition,
properties or operations of the Borrower.

        Section 4.7 Regulation U. The Borrower is not engaged in the business of
extending credit for the purpose of purchasing or carrying margin stock (within
the meaning of Regulation U of the Board of Governors of the Federal Reserve
System), and no part of the proceeds of any Advance will be used to purchase or
carry any margin stock or to extend credit to others for the purpose of
purchasing or carrying any margin stock.

        Section 4.8 Taxes. The Borrower has paid or caused to be paid to the
proper authorities when due all federal, state and local taxes required to be
withheld by it. The Borrower has filed all federal, state and local tax returns
which to the knowledge of the officers of the Borrower, are required to be
filed, and the Borrower has paid or caused to be paid to the respective taxing
authorities all taxes as shown on said returns or on any assessment received by
it to the extent such taxes have become due.

        Section 4.9 Titles and Liens. The Borrower has good and absolute title
to all properties and assets reflected in the latest balance sheet referred to
in Section 4.5, free and clear of all mortgages, security interests, liens and
encumbrances, except for (a) mortgages, security interests and liens permitted
by Section 6.1, and (b) covenants, restrictions, rights, easements and minor
irregularities in title which do not materially interfere with the business or
operations of the Borrower as presently conducted. In addition, no financing
statement naming the Borrower as debtor is on file in any office except to
perfect only security interests permitted by Section 6.1.

        Section 4.10 Plans. Except as described in Schedule 4.10, the Borrower
does not maintain and has not in the past maintained any Plan. The Borrower has
not received any notice nor has any knowledge to the effect that it is not in
full compliance with any of the requirements of ERISA. No Reportable Event or
other fact or circumstance which may have an adverse effect on the Plan's tax
qualified status exists in connection with any Plan. The Borrower, does not
have:

        (a) any accumulated funding deficiency within the meaning of ERISA; or

        (b) any liability or knows of any fact or circumstances which could
            result in any liability to the Pension Benefit Guaranty Corporation,
            the Internal Revenue Service, the Department of Labor or any
            participant in connection with any Plan (other than accrued benefits
            which or which may become payable to participants or beneficiaries
            of any such Plan).

        Section 4.11 Default. The Borrower is in material compliance with all
provisions of all agreements, instruments, decrees and orders to which it is a
party or by which it or its property is bound or affected, the breach or default
of which could have a material adverse effect on the financial condition,
properties or operations of the Borrower.

        Section 4.12 Environmental Compliance. The Borrower has obtained all
permits, licenses and other authorizations which are required under federal,
state and local laws and regulations relating to emissions, discharges, releases
of pollutants, contaminants, hazardous or toxic materials, or wastes into
ambient air, surface water, ground water or land, or otherwise relating to the
manufacture, processing, distribution, use, treatment, storage, disposal,
transport or handling of pollutants, contaminants or hazardous or toxic
materials or wastes ("Environmental Laws") at the Borrower's facilities or in
connection with the operation of its facilities. The Borrower and all activities
of the Borrower at its facilities comply with all Environmental Laws and with
all terms and conditions of any required permits, licenses and authorizations
applicable to the Borrower with respect thereto. The Borrower is also in
compliance with all limitations, restrictions, conditions, standards,
prohibitions, requirements, obligations, schedules and timetables contained in
Environmental Laws or contained in any plan, order, decree, judgment or notice
of which the Borrower is aware. The Borrower is not aware of, nor has the
Borrower received notice of, any events, conditions, circumstances, activities,
practices, incidents, actions or plans which may interfere with or prevent
continued compliance with, or which may give rise to any liability under, any
Environmental Laws.

        Section 4.13 Submissions to Bank. All financial and other information
provided to the Bank by or on behalf of the Borrower in connection with the
Borrower's request for the credit facilities contemplated hereby is true and
correct in all material respects and, as to projections, valuations or proforma
financial statements, present a good faith opinion as to such projections,
valuations and proforma condition and results.

                                    ARTICLE V

                      AFFIRMATIVE COVENANTS OF THE BORROWER

        So long as either Note shall remain unpaid or outstanding or either
Commitment shall be outstanding, the Borrower will comply with the following
requirements, unless the Bank shall otherwise consent in writing:

        Section 5.1 Reporting Requirements. The Borrower will deliver, or cause
to be delivered, to the Bank each of the following, which shall be in form and
detail acceptable to the Bank:

        (a) as soon as available, and in any event within one hundred twenty
            (120) days after the end of each fiscal year of the Borrower,
            audited financial statements of the Borrower, on a combined basis to
            include the Affiliated Group, with the unqualified opinion of
            independent certified public accountants selected by the Borrower
            and acceptable to the Bank, which annual financial statements shall
            include the combined balance sheet of the Borrower (and each member
            of Affiliated Group) as at the end of such fiscal year and the
            related statements of income, retained earnings and cash flows, each
            on a combined basis, of the Borrower (and each member of the
            Affiliated Group) for the fiscal year then ended, prepared, if the
            Bank so requests, on a consolidating and consolidated basis to
            include any Subsidiaries, all in reasonable detail and prepared in
            accordance with GAAP applied on a basis consistent with the
            accounting practices applied in the financial statements referred to
            in Section 4.5, together with a certificate of the chief financial
            officer of the Borrower, substantially in the form of Exhibit F,
            stating (i) that such financial statements have been prepared
            in accordance with GAAP applied on a basis consistent with the
            accounting practices reflected in the financial statements referred
            to in Section 4.5, subject to year-end audit adjustments, (ii)
            whether or not such officer has knowledge of the occurrence of any
            Default or Event of Default hereunder not theretofore reported and
            remedied and, if so, stating in reasonable detail the facts with
            respect thereto, and (iii) all relevant facts in reasonable detail
            to evidence, and the computations as to, whether or not the Borrower
            is in compliance with the requirements set forth in Sections 5.8 -
            5.13, 6.2(c), and 6.11;

        (b) as soon as available and in any event within thirty (30) days after
            the end of each month, a combined unaudited/internal balance sheet
            and statements of income, cash flow, and retained earnings of the
            Borrower and each member of the Affiliated Group, as at the end of
            and for such month and for the year to date period then ended,
            prepared, if the Bank so requests, on a consolidating and
            consolidated basis to include any Subsidiaries, in reasonable detail
            and stating in comparative form the figures for the corresponding
            date and periods in the previous year, all prepared in accordance
            with GAAP applied on a basis consistent with the accounting
            practices reflected in the financial statements referred to in
            Section 4.5 hereof, subject to year-end audit adjustments; and
            accompanied by a certificate of the chief financial officer of the
            Borrower, substantially in the form of Exhibit F, stating (i) that
            such financial statements have been prepared in accordance with GAAP
            applied on a basis consistent with the accounting practices
            reflected in the financial statements referred to in Section 4.5,
            subject to year-end audit adjustments, (ii) whether or not such
            officer has knowledge of the occurrence of any Default or Event of
            Default hereunder not theretofore reported and remedied and, if so,
            stating in reasonable detail the facts with respect thereto, and
            (iii) all relevant facts in reasonable detail to evidence, and the
            computations as to, whether or not the Borrower is in compliance
            with the requirements set forth in Sections 5.8 - 5.13, 6.2(c) and
            6.11;

        (c) not later than thirty (30) days after the commencement of each
            fiscal year of the Borrower, the projected combined balance sheets,
            income statements, and cash flow statements for each month of such
            fiscal year for the Borrower and the members of the Affiliated
            Group, prepared on a combined basis, in reasonable detail,
            representing the good faith projections of the Borrower and
            certified by the Borrower's chief financial officer as being the
            most accurate projections available and identical to the projections
            used by the Borrower (and each member of the Affiliated Group) for
            internal planning purposes, together with such supporting schedules
            and information as the Bank in its discretion may require;

        (d) as promptly as practicable (but in no event later than five (5)
            Business Days after the commencement thereof), notice in writing of
            all litigation and of all proceedings before any governmental or
            regulatory agency affecting the Borrower or any member of the
            Affiliated Group, or any of its Subsidiaries, of the type described
            in Section 4.6 or which seek a monetary recovery against the
            Borrower or any member of the Affiliated Group, or any of its
            Subsidiaries, in excess of $25,000;

        (e) as promptly as practicable (but in any event not later than five (5)
            Business Days) after an officer of the Borrower, or any member of
            the Affiliated Group, obtains knowledge of the occurrence of a
            Default or Event of Default hereunder, notice of such occurrence,
            together with a detailed statement by a responsible officer of the
            Borrower (or of any member of the Affiliated Group, as the case may
            be) of the steps being taken by the Borrower (or such member if
            the Affiliated Group) to cure the effect of such breach, default or
            event;

        (f) as soon as possible and in any event within ten (10) days after the
            Borrower, or any member of the Affiliated Group, or any of its
            Subsidiaries, knows or has reason to know that any Reportable Event
            with respect to any Plan has occurred, the statement of the chief
            financial officer of the Borrower (or any member of the Affiliated
            Group, as the case may be), setting forth details as to such
            Reportable Event and the action which the Borrower (or such member
            of the Affiliated Group, as the case may be) proposes to take with
            respect thereto, together with a copy of the notice of such
            Reportable Event to the Pension Benefit Guaranty Corporation;

        (g) as soon as possible, and in any event within ten (10) days after the
            Borrower, or any member of the Affiliated Group, fails to make any
            quarterly contribution required with respect to any Plan under
            Section 4.12(m) of the Internal Revenue Code of 1986, as amended,
            the statement of the chief financial officer of the Borrower (or
            such member of the Affiliated Group) setting forth details as to
            such failure and the action which the Borrower (or such member of
            the Affiliated Group) proposes to take with respect thereto,
            together with a copy of any notice of such failure required to be
            provided to the Pension Benefit Guaranty Corporation;

        (h) promptly upon their distribution, copies of all financial
            statements, reports and proxy statements which the Borrower, or any
            member of the Affiliated Group, shall have sent to its stockholders;

        (i) promptly after the sending or filing thereof, copies of all regular
            and periodic financial reports which the Borrower, or any member of
            the Affiliated Group, shall file with the Securities and Exchange
            Commission or any national securities exchange including without
            limitation quarterly 10Q Statements and annual 10K Statements;

        (j) promptly upon obtaining knowledge thereof, notice of the violation
            by the Borrower, or any member of the Affiliated Group, of any law,
            rule or regulation, the non-compliance with which could materially
            and adversely affect its business or its financial condition; and

        (k) such other information as reasonably requested by the Bank.

        Section 5.2 Books and Records; Inspection and Examination. The Borrower
and its Subsidiaries will keep, and will cause each member of the Affiliated
Group to keep, accurate books of record and account for itself pertaining to its
business and financial condition and such other matters as the Bank may from
time to time request in which true and complete entries will be made in
accordance with GAAP consistently applied and, upon request of and reasonable
notice by the Bank, will permit any officer, employee, attorney or accountant
for the Bank, to audit, review, make extracts from or copy any and all corporate
and financial books and records of the Borrower, and each member of the
Affiliated Group, at all reasonable times during ordinary business hours, to
send account debtors and other obligors requests for verification of amounts
owed to the Borrower, or any member of the Affiliated Group, and to discuss the
affairs of the Borrower, or any member of the Affiliated Group, with any of its
directors, officers or agents. The Borrower and its Subsidiaries will permit,
and will cause each member of the Affiliated Group to permit, the Bank or its
employees, accountants, attorneys or agents, at the Bank's expense, to examine
and inspect any property of the Borrower and its Subsidiaries, and any member of
the Affiliated Group, at any time during ordinary business hours.

        Section 5.3 Compliance with Laws. The Borrower and its Subsidiaries
will, and will cause each member of the Affiliated Group to, (a) comply with the
requirements of applicable laws and regulations, the non-compliance with which
would materially and adversely affect its business or its financial condition,
(b) comply with all applicable Environmental Laws and obtain any permits,
licenses or similar approvals required by any such Environmental Laws, and (c)
use and keep its assets, and will require that others use and keep its assets,
only for lawful purposes, without violation of any federal, state or local law,
statute or ordinance.

        Section 5.4 Payment of Taxes and Other Claims. The Borrower and its
Subsidiaries will, and will cause each member of the Affiliated Group to, pay or
discharge, when due, (a) all taxes, assessments and governmental charges levied
or imposed upon it or upon its income or profits, upon any properties belonging
to it prior to the date on which penalties attach thereto, (b) all federal,
state and local taxes required to be withheld by it, and (c) all lawful claims
for labor, materials and supplies which, if unpaid, might by law become a lien
or charge upon any properties of the Borrower, or its Subsidiaries (or any
member of the Affiliated Group, as the case may be); provided, however, that the
Borrower, or its Subsidiaries (or such member of the Affiliated Group), shall
not be required to pay any such tax, assessment, charge or claim whose amount,
applicability or validity is being contested in good faith by appropriate
proceedings.

        Section 5.5 Maintenance of Properties. The Borrower and its Subsidiaries
will, and will cause each member of the Affiliated Group to, keep and maintain
all of its properties necessary or useful in its business in good condition,
repair and working order (normal wear and tear excepted); provided, however,
that nothing in this Section 5.5 shall prevent the Borrower, its Subsidiaries,
or any member of the Affiliated Group from discontinuing the operation and
maintenance of any of its properties if such discontinuance is, in the
reasonable judgment of the Borrower, its Subsidiaries, or such member of the
Affiliated Group, as the case may be, desirable in the conduct of its business
and not disadvantageous in any material respect to the Bank.

        Section 5.6 Insurance. The Borrower and its Subsidiaries will, and will
cause each member of the Affiliated Group to, obtain and at all times maintain
insurance with insurers believed by the Borrower, its Subsidiaries, and each
member of the Affiliated Group to be responsible and reputable in such amounts
and against such risks as is usually carried by companies engaged in similar
business and owning similar properties in the same general areas in which the
Borrower, its Subsidiaries, and each member of the Affiliated Group, operate.

        Section 5.7 Preservation of Corporate Existence. The Borrower and its
Subsidiaries will, and will cause each member of the Affiliated Group to,
preserve and maintain its corporate existence and all of its rights, privileges
and franchises necessary or desirable in the normal conduct of its business and
shall conduct its business in an orderly, efficient and regular manner.

        Section 5.8 Senior Leverage Ratio. The FDC Group will maintain, on a
combined basis, as of each Covenant Computation Date, the ratio of its Funded
Debt, excluding Subordinated Debt, to its Pro Forma EBIDTA at not more than 2.00
to 1.00 for Covenant Computation Periods ending on June 30, 2000, September 30,
2000 and December 31, 2000, and at not more than 1.50 to 1.00 for Covenant
Computation Periods ending on March 31, 2001, and thereafter.

        Section 5.9 Total Leverage Ratio. The FDC Group will maintain, on a
combined basis, as of each Covenant Computation Date, the ratio of its total
Funded Debt to its Pro Forma EBITDA at not more than 3.00 to 1.00

        Section 5.10 Debt Service Coverage Ratio. The FDC Group will maintain,
on a combined basis, as of March 31, 2001 and each Covenant Computation Date
thereafter, its Debt Service Coverage Ratio at not less than 1.15 to 1.00.

        Section 5.11 Minimum Stockholders' Equity. The FDC Group will maintain,
on a combined basis, as of each Covenant Computation Date, its Stockholders'
Equity at not less than the total of $25,000,000 plus, subsequent to
December 31, 2000, fifty percent (50%) of the after tax net income of the FDC
Group for the fiscal year ending December 31, 2000 (with any negative net income
counting as zero (0) for purposes of the foregoing).

        Section 5.12 Minimum EBITDA. The FDC Group will achieve EBITDA, on a
combined basis, in amounts not less than the amounts set forth opposite the
applicable periods below (on a cumulative basis):

         Period                   Minimum EBITDA
         ------                   --------------
 01/1/2000 - 06/30/2000             $2,000,000
 01/1/2000 - 09/30/2000             $3,500,000
 01/1/2000 - 12/31/2000             $6,000,000

        Section 5.13 Interest Coverage Ratio. The FDC Group will maintain, on a
combined basis, as of December 31, 2000 and each Covenant Computation Date
thereafter, its Interest Coverage Ratio at not less than 3.00 to 1.00.

                                   ARTICLE VI

                               NEGATIVE COVENANTS

        So long as either Note remain unpaid or outstanding or either Commitment
shall be outstanding, the Borrower will comply with the following requirements,
unless the Bank shall otherwise consent in writing:

        Section 6.1 Liens. The Borrower will not, nor will any of the Borrower's
Subsidiaries or any member of the Affiliated Group, create, incur or suffer to
exist any mortgage, deed of trust, pledge, lien, security interest, assignment
or transfer upon or of any of its assets, now owned or hereafter acquired, to
secure any indebtedness; excluding, however, from the operation of the foregoing
(herein "Permitted Liens"):

        (a) mortgages, deeds of trust, pledges, liens, security interests and
            assignments in existence on the date hereof and listed in
            Schedule 6.1;

        (b) liens for taxes or assessments or other governmental charges to the
            extent not required to be paid by Section 5.4;

        (c) materialmen's, merchants', carriers', worker's, repairer's, or other
            like liens arising in the ordinary course of business to the extent
            not required to be paid by Section 5.4;

        (d) pledges or deposits to secure obligations under worker's
            compensation laws, unemployment insurance and social security laws,
            or to secure the performance of bids, tenders, contracts (other than
            for the repayment of borrowed money) or leases or to secure
            statutory obligations or surety or appeal bonds, or to secure
            indemnity, performance or other similar bonds in the ordinary course
            of business;

        (e) zoning restrictions, easements, licenses, restrictions on the use of
            real property or minor irregularities in title thereto, which do not
            materially impair the use of such property in the operation of the
            business of the Borrower, or its Subsidiaries, or the value of such
            property for the purpose of such business;

        (f) liens and security interests granted to the Bank pursuant to any of
            the Loan Documents; and

        (g) purchase money mortgages, liens or security interests (including
            conditional sale agreements or other title retention agreements and
            leases in the nature of title retention agreements) upon or in
            property acquired after the date hereof by the Borrower, or
            mortgages, liens or security interests existing in such property at
            the time of the acquisition thereof, provided that:

                (i) no such mortgage, lien or security interest extends or shall
                    extend to or cover any property of the Borrower, its
                    Subsidiaries, or any  member of the Affiliated Group, other
                    than the property then being acquired; and

                (ii) the aggregate principal amount of the indebtedness secured
                     by any such mortgage, lien or security interest shall not
                     exceed the cost of such property so acquired by the
                     Borrower, its Subsidiaries, or any member of the Affiliated
                     Group, in connection therewith or the fair market value of
                     such property, whichever is less.

        Section 6.2 Indebtedness. The Borrower will not, nor will it allow its
Subsidiaries or any member of the Affiliated Group to, incur, create, assume or
permit to exist any indebtedness or liability on account of deposits or advances
or any indebtedness for borrowed money, or any other indebtedness or liability
evidenced by notes, bonds, debentures or similar obligations, except:

        (a) Obligations arising hereunder;

        (b) indebtedness of the Borrower, its Subsidiaries, or any member of the
            Affiliated Group, in existence on the date hereof and listed in
            Schedule 6.2; and

        (c) that the Borrower, its Subsidiaries and any member of the Affiliated
            Group, may enter into: (i) new Capitalized Lease Liabilities;
            (ii) indebtedness secured by security interests permitted by
            Section 6.1(g); and (iii) other indebtedness in connection with and
            specifically related to the purchase of property by the Borrower,
            its Subsidiaries, or any member of the Affiliated Group, as the case
            may be, in an aggregate amount not to exceed $2,000,000, at any
            given time.

        Section 6.3 Guaranties. The Borrower will not, nor will it allow its
Subsidiaries or any member of the Affiliated Group to, assume, guarantee,
endorse or otherwise become directly or contingently liable in connection with
any obligations of any other Person, except:

        (a) the endorsement of negotiable instruments by the Borrower, its
            Subsidiaries, or any member of the Affiliated Group, as the case
            may be, for deposit or collection or similar transactions in the
            ordinary course of business;

        (b) guaranties, endorsements and other direct or contingent liabilities
            in connection with the obligations of other Persons in existence on
            the date hereof and listed in Schedule 6.3; and

        (c) guaranties of the Guarantors to the Bank, issued in connection with
            this credit facility.

        Section 6.4 Investments. The Borrower will not, nor will it allow its
Subsidiaries or any member of the Affiliated Group to, purchase or hold
beneficially any stock or other securities or evidences of indebtedness of, make
or permit to exist any loans or advances to, or make any investment or acquire
any interest whatsoever in, any other Person, except:

        (a) investments in direct obligations of the United States of America or
            any agency or instrumentality thereof whose obligations constitute
            full faith and credit obligations of the United States of America
            having a maturity of one (1) year or less, commercial paper issued
            by a U.S. corporation rated "A-1" or "A-2" by Standard & Poors
            Corporation or "P-1" or "P-2" by Moody's Investors Service,
            investments in money market mutual funds whose underlying assets
            are investments which would otherwise be permitted investments under
            this Section 6.4(a), or repurchase agreements, certificates of
            deposit or bankers' acceptances having a maturity of one (1) year or
            less issued by members of the Federal Reserve System having deposits
            in excess of $100,000,000 (which certificates of deposit or bankers'
            acceptances are fully insured by the Federal Deposit Insurance
            Corporation); and

        (b) advances in the form of progress payments, prepaid rent or security
            deposits.

        Section 6.5 Restricted Payments. The Borrower will not, nor will it
allow any Subsidiary or any member of the Affiliated Group to, declare or pay
any dividends on any shares of any class of stock of the Borrower, its
Subsidiaries or such member of the Affiliated Group, as the case may be, or
directly or indirectly apply any assets of the Borrower, its Subsidiaries or
such member of the Affiliated Group, as the case may be to the redemption,
retirement, purchase or other acquisition of any shares of any class of stock of
the Borrower, its Subsidiaries or such member of the Affiliated Group, as the
case may be, during any fiscal year of the Borrower, its Subsidiaries or such
member of the Affiliated Group, as the case may be.

        Section 6.6 Sale or Transfer of Assets; Suspension of Business
Operations. The Borrower will not, nor will it allow any member of the
Affiliated Group to, sell, lease, assign, transfer or otherwise dispose of the
stock of any Subsidiary, all or a substantial part of its assets (whether in one
transaction or in a series of transactions) to any other Person other than the
sale of its inventory in the ordinary course of business and will not liquidate,
dissolve or suspend its business operations; provided, however, that the
Borrower, any of its Subsidiaries, or any member of the Affiliated Group, may
make such sales, transfers, assignments, leases or other dispositions of assets
in an aggregate amount not to exceed $2,000,000 in any year.

        Section 6.7 Consolidation and Merger; Asset Acquisitions. The Borrower
will not, nor will it allow any member of the Affiliated Group to, consolidate
with or merge into any Person, or permit any other Person to merge into it, or
acquire (in a transaction analogous in purpose or effect to a consolidation or
merger) all or substantially all the assets of any other Person; provided,
however, that the Borrower (or any member of the Affiliated Group) may make
Permitted Business Acquisitions so long as the purchase price for any such
Permitted Business Acquisition does not exceed $2,000,000 per individual
transaction, and the purchase price for all such Permitted Business Acquisitions
within any fiscal year of the Borrower does not exceed $12,500,000 in the
aggregate. For purposes of the foregoing, "Permitted Business Acquisition" shall
mean a purchase by the Borrower (or any member of the Affiliated Group) of a
Person which (a) is in a similar line of business as the Borrower, (b) where the
Person being acquired has posted positive EBITDA (as such term would apply to
such Person) for the most recent twelve (12) month trailing period, and (c )
where the Borrower (or any member of the Affiliated Group) acquires at least
fifty-one percent (51%) of the outstanding stock of such Person being acquired.

        Section 6.8 Restrictions on Nature of Business. The Borrower, its
Subsidiaries, and each member of the Affiliated Group, will not engage in any
line of business materially different from or unrelated to the business
presently engaged in by the Borrower, its Subsidiaries, and each member of the
Affiliated Group, as the case may be, and will not purchase, lease or otherwise
acquire assets not related to its business, other than the acquisition of assets
permitted under Section 6.4 hereof.

        Section 6.9 Accounting. The Borrower, its Subsidiaries and each member
of the Affiliated Group will not adopt any material change in accounting
principles other than as required by, or acceptable under, GAAP. The Borrower
will not, nor will it allow its Subsidiaries or any member of the Affiliated
Group to, adopt, permit or consent to any change in its fiscal year.

        Section 6.10 Hazardous Substances. The Borrower, its Subsidiaries and
each member of the Affiliated Group will not cause or permit any Hazardous
Substances to be disposed of, in any manner which might result in any material
liability to the Borrower, its Subsidiaries or any member of the Affiliated
Group, on, under or at any real property which is operated by the Borrower, its
Subsidiaries or any member of the Affiliated Group or in which the Borrower, its
Subsidiaries or any member of the Affiliated Group has any interest.

        Section 6.11 . Capital Expenditures. The FDC Group will not incur or
contract to incur Capital Expenditures, on a combined basis, during any fiscal
year of more than $1,500,000 in the aggregate.

                                   ARTICLE VII

                     EVENTS OF DEFAULT; RIGHTS AND REMEDIES

        Section 7.1 Events of Default. "Event of Default", wherever used herein,
means any one of the following events:

        (a) default in the payment of any interest on or principal of any Note
            when it becomes due and payable and the continuation of such default
            for more than three (3) Business Days; or

        (b) default in the payment of any fees, costs or expenses required to be
            paid by the Borrower under this Agreement or any other Loan Document
            and the continuation of such default for more than ten (10) Business
            days; or

        (c) default in the performance, or breach, of any covenant or agreement
            on the part of the Borrower contained in Sections 5.8 - 5.13, or
            Article VI; or

        (d) default in the performance, or breach, of any covenant or agreement
            of the Borrower in this Agreement (other than a covenant or
            agreement a default in whose performance or whose breach is
            elsewhere in this Section 7.1 specifically dealt with) or in any
            other Loan Document and the continuance of such default or
            breach for a period of thirty (30) days after there has been given
            a written notice specifying such default or breach and requiring it
            to be remedied; or

        (e) the Borrower, or any Guarantor, shall be or become insolvent (as
            such term is defined in Section 101(32) of the United Sates
            Bankruptcy Code and Section 2 of the Uniform Fraudulent Transfer
            Act), or admit in writing its inability to pay its debts as they
            mature, or make an assignment for the benefit of creditors; or the
            Borrower, or any Guarantor, shall apply for or consent to the
            appointment of any receiver, trustee, or similar officer for it or
            for all or any substantial part of its property; or such receiver,
            trustee or similar officer shall be appointed without the
            application or consent of the Borrower, or any Guarantor, and such
            appointment shall continue undischarged for a period of thirty (30)
            days; or the Borrower, or any Guarantor, shall institute (by
            petition, application, answer, consent or otherwise) any insolvency,
            reorganization, arrangement, readjustment of debt, dissolution,
            liquidation or similar proceeding relating to it under the laws of
            any jurisdiction; or any such proceeding shall be instituted (by
            petition, application or otherwise) against the Borrower, or any
            Guarantor, or any judgment, writ, warrant of attachment or execution
            or similar process shall be issued or levied against a substantial
            part of the property of the Borrower, or any Guarantor, and such
            judgment, writ, or similar process shall not be released, vacated or
            fully bonded within thirty (30) days after its issue or levy; or

        (f) a petition naming the Borrower, or any Guarantor, as debtor shall be
            filed under the United States Bankruptcy Code; or

        (g) any representation or warranty made by the Borrower in this
            Agreement or by the Borrower (or any of its officers) in any request
            for a Borrowing, or in any other certificate, instrument, or
            statement contemplated by or made or delivered pursuant to or in
            connection with this Agreement, shall prove to have been incorrect
            in any material respect when made; or

        (h) the rendering against the Borrower, or any Guarantor, of a final
            judgment, decree or order for the payment of money in excess of
            $50,000 (unless the payment of such judgment is fully insured) and
            the continuance of such judgment, decree or order unsatisfied and in
            effect for any period of thirty (30) consecutive days without a stay
            of execution; or

        (i) a default shall occur under any bond, debenture, note or other
            obligation of the Borrower, or any Guarantor, evidencing
            indebtedness in the amount of $50,000 or more, or under any
            indenture or other instrument under which any such evidence of
            indebtedness or other instrument under which any such evidence of
            indebtedness has been issued or by which it is governed, and the
            expiration of the applicable period of grace, if any, specified in
            such evidence of indebtedness, indenture or other instrument; or

        (j) any Reportable Event, which the Bank determines in good faith might
            constitute grounds for the termination of any Plan or for the
            appointment by the appropriate United States District Court of a
            trustee to administer any Plan, shall have occurred and be
            continuing thirty (30) days after written notice to such effect
            shall have been given to the Borrower by the Bank; or any Plan shall
            have been terminated, or a trustee shall have been appointed by an
            appropriate United States District Court to administer any Plan, or
            the Pension Benefit Guaranty Corporation shall have instituted
            proceedings to terminate any Plan or to appoint a trustee to
            administer any Plan; or

        (k) the Borrower or any member of the Affiliated Group shall liquidate,
            dissolve, terminate or suspend its business operations or otherwise
            fail to operate its business in the ordinary course, or shall sell
            all or substantially all of its assets, without the prior written
            consent of the Bank; or

        (l) the Borrower, or any Guarantor, shall fail to pay, withhold, collect
            or remit any tax or tax deficiency when assessed or due (other than
            any tax deficiency which is being contested in good faith and by
            proper proceedings and for which it shall have set aside on its
            books adequate reserves therefor) or notice of any state or federal
            tax liens shall be filed or issued.

        Section 7.2 Rights and Remedies. Upon the occurrence of an Event of
Default or at any time thereafter until such Event of Default is cured or waived
to the written satisfaction of the Bank, the Bank may exercise any or all of the
following rights and remedies:

        (a) by notice to the Borrower, declare the Commitments to be terminated,
            whereupon the same shall forthwith terminate;

        (b) by notice to the Borrower, declare the entire unpaid principal
            amount of the Notes, all interest accrued and unpaid thereon, and
            all other amounts payable under this Agreement to be forthwith due
            and payable, whereupon the Notes, all such accrued interest and all
            such amounts shall become and be forthwith due and payable, without
            presentment, demand, protest or further notice of any kind, all
            of which are hereby expressly waived by the Borrower;

        (c) without notice to the Borrower and without further action, apply any
            and all money owing by the Bank to the Borrower to the payment of
            the Notes, including interest accrued thereon, and of all other
            Obligations then owing by the Borrower hereunder;

        (d) exercise and enforce the rights and remedies available to the Bank
            under any Loan Document or any guaranty given to the Bank by the
            Guarantor; and

        (e) exercise any other rights and remedies available to the Bank by law
            or agreement.

        Notwithstanding the foregoing, upon the occurrence of an Event of
Default described in Section 7.1(f) hereof, the entire unpaid principal amount
of the Notes, all interest accrued and unpaid thereon, and all other amounts
payable under this Agreement shall be immediately due and payable without
presentment, demand, protest or notice of any kind.

                                  ARTICLE VIII

                                  MISCELLANEOUS

        Section 8.1 No Waiver; Cumulative Remedies. No failure or delay on the
part of the Bank in exercising any right, power or remedy under the Loan
Documents shall operate as a waiver thereof; nor shall any single or partial
exercise of any such right, power or remedy preclude any other or further
exercise thereof or the exercise of any other right, power or remedy under the
Loan Documents. The remedies provided in the Loan Documents are cumulative and
not exclusive of any remedies provided by law.

        Section 8.2 Amendments, Requested Waivers, Etc. No amendment,
modification, termination or waiver of any provision of any Loan Document or
consent to any departure by the Borrower therefrom shall be effective unless the
same shall be in writing and signed by the Bank. Any waiver or consent given
hereunder shall be effective only in the specific instance and for the specific
purpose for which given. No notice to or demand on the Borrower in any case
shall entitle the Borrower to any other or further notice or demand in similar
or other circumstances.

        Section 8.3 Addresses for Notices, Etc. Except as otherwise expressly
provided herein, all notices, requests, demands and other communications
provided for under the Loan Documents shall be in writing and mailed or
delivered to the applicable parties at their respective addresses set forth on
the execution pages hereto, or, as to each party, at such other address as shall
be designated by such party in a written notice to the other party complying as
to delivery with the terms of this Section 8.3. All such notices, requests,
demands and other communications shall be effective upon postmark, when mailed,
or upon delivery, when sent by nationally recognized overnight mail courier or
delivery service, addressed as aforesaid, except that notices or requests to the
Bank pursuant to any of the provisions of Article II shall not be effective
until received by the Bank.

        Section 8.4 Costs and Expenses. The Borrower will reimburse the Bank for
any and all out of pocket costs and reasonable expenses (including without
limitation attorneys' fees) paid or incurred by the Bank in connection with (a)
the preparation of the Loan Documents and any other document or agreement
related hereto or thereto, and the transactions contemplated hereby, (b) the
negotiation of any amendments, modifications or extensions to or of any of the
foregoing documents, instruments or agreements and the preparation of any and
all documents necessary or desirable to effect such amendments, modifications or
extensions and (c) the enforcement by the Bank of any of the rights or remedies
of the Bank under any of the foregoing documents, instruments or agreements or
under applicable law, whether or not suit is filed with respect thereto.

        Section 8.5 Participants. The Bank and its participants, if any, are not
partners or joint venturers, and the Bank shall not have any liability or
responsibility for any obligation, act or omission of any of its participants.
All rights and powers specifically conferred upon the Bank may be transferred or
delegated to any of the participants, successors or assigns of the Bank. If any
Person shall acquire a participation in any Advances under this Agreement, the
Borrower shall be obligated to the Lender to pay the full amount of all interest
calculated under Section 2.9 hereof, along with all other fees, charges and
other amounts due under this Agreement, regardless if such Person elects to
accept interest with respect to its participation at a lower rate than the rates
pursuant to this Agreement or otherwise elects to accept less than its prorata
share of such fees, charges and other amounts due under this Agreement.

        Section 8.6 Execution in Counterparts. This Agreement and other Loan
Documents may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which
counterparts, taken together, shall constitute but one and the same instrument.

        Section 8.7 Governing Law; Jurisdiction; Waiver of Jury Trial.

        (a) Governing Law. The Loan Documents shall be governed by, and
            construed in accordance with, the laws of the State of Minnesota.

        (b) Jurisdiction. The Borrower hereby irrevocably submits to the
            jurisdiction of any Minnesota State or Federal court sitting in
            Minneapolis or St. Paul, Minnesota, in any action or proceeding
            arising out of or relating to this Agreement or any of the other
            Loan Documents, and the Borrower hereby irrevocably agrees that all
            claims in respect of such action or proceeding may be heard and
            determined in such Minnesota State court or in such Federal court.
            The Borrower hereby irrevocably waives, to the fullest extent it may
            effectively do so, the defense of an inconvenient forum to the
            maintenance of such action or proceeding. The Borrower irrevocably
            consents to the service of copies of the summons and complaint and
            any other process which may be served in any such action or
            proceeding by the mailing of copies of such process to the Borrower
            at its addresses specified in Section 8.3 above. The Borrower agrees
            that a final judgment in any such action or proceeding shall be
            conclusive and may be enforced in other jurisdictions by suit on the
            judgment or in any other manner provided by law. Nothing in this
            Section 8.7(b) shall affect the right of the Bank to serve legal
            process in any other manner permitted by law or affect the right of
            the Bank to bring any action or proceeding against the Borrower or
            their property in the courts of other jurisdictions.

        (c) WAIVER OF JURY TRIAL. THE BORROWER AND THE BANK HEREBY IRREVOCABLY
            WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
            COUNTERCLAIM ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENT OR ANY
            INSTRUMENT OR DOCUMENT DELIVERED THEREUNDER.

        Section 8.8 Severability of Provisions. Any provision of this Agreement
that is prohibited or unenforceable shall be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions
hereof.

        Section 8.9 Headings. Article and Section headings in this Agreement are
included herein for convenience of reference only and shall not constitute a
part of this Agreement for any other purpose.

                            [SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
by their respective officers thereunto duly authorized, as of the date first
above written.

         FACTUAL DATA CORP.

                                                     By/s/ J.H. Donnan
                                                        --------------
                                                          J. H. Donnan
                                                          Its President

                                                     Borrower's Address:
                                                     5200 Hahns Peak Drive
                                                     Loveland, Colorado  80538

                                                     WELLS FARGO BANK, NATIONAL

                                                     ASSOCIATION

                                                     By/s/ Michael J. McGroarty
                                                       -----------------------
                                                          Michael J. McGroarty
                                                          Its Vice President

                                               Bank's Address:
                                               Norwest Center
                                               Sixth and Marquette
                                               Minneapolis, Minnesota 55479-0089

                      [Signature Page to Credit Agreement]Exhibit 10.5A

                 UNITED FUNDS, LLC - PURCHASE AND SALE AGREEMENT

     THIS AGREEMENT, made and entered into by and between UNITED FUNDS, LLC,
whose principal place of business is 101 W. Ohio Street, PMB 2000, Indianapolis,
Indiana 46204, hereinafter referred to as Purchaser and the following
individuals:

hereinafter referred to, whether as an individual or as a group, as the Seller.

                               W I T N E S S E T H

     WHEREAS, the Purchaser is in the business of locating for sale certain life
insurance policies and,

     WHEREAS, the Seller is the owner of a life insurance policy which he desire
to have the Purchaser assign to a third party and,

     WHEREAS, the Purchaser and Seller desire to enter into this agreement
according to the following assurances and understandings of the parties,

     THEREFORE, in consideration of the mutual covenants contained herein and
for other good and valuable consideration receipt of which is hereby
acknowledged the parties to hereby agreement as follows:

     1. The Seller desires to sell that certain life insurance policy which
Seller warrants he/she is the owner.

     2. Seller is the absolute owner of all right, title and interest in and to
a certain policy (Policy) Policy # ____________.

          This policy was issued by ____________________

          This policy insure the life of ___________________

     3. That Purchaser has available a purchaser who desires to purchase
Seller's life insurance policy.

     4. The parties agrees that the purchase price paid to the Seller shall be
the Net Purchase Price as set forth in Exhibit "A," less any policy premiums
required to bring the policy into current status with the insurance company of
record.

     5. The Seller, within five (5) business days of the Seller's execution of
this Agreement, shall provide the following documents to the Purchaser:

                                       1
<PAGE>

          A.   all documents required by the issuing insurance company to
               effectuate the transfer of the Seller's interest in the insurance
               policy to the Purchaser's purchaser;

          B.   the Assignment of Insurance Policy, a copy of which is attached
               hereto as Exhibit "B";

          C.   the Beneficiary's Assignment and Consent form, attached hereto as
               Exhibit "C," signed by all beneficiaries of said policy;

          D.   the original Address Communication form attached hereto as
               Exhibit "D";

          E.   the List of Relatives and Friends form, attached hereto as
               Exhibit "F";

          F.   the original insurance policy; and

          G.   list of Beneficiaries form attached hereto as Exhibit "F";

          H.   the authorization to release Death Certificate executed by
               insured's relative attached hereto as Exhibit "G"; and

          I.   Certification of Mental Competency attached hereby as Exhibit
               "H."

     6. The Seller has be responsible for all premium payments prior to Seller's
receipt of the net purchase price. The Seller may elect to use the cash value
inherent in the policy to satisfy premium payments for which Seller is
responsible.

     7. Seller agrees to provide, on a timely basis to the Purchaser, a Change
of Address Notification within ten business days of relocation of the insured.
Seller and/or insured agrees to provide Purchaser with access to insured's
medical records for the purpose of determining the insured's health status on a
reasonable basis, not to exceed more than once every three months, at the
Purchaser's expense. Seller agrees to be responsible for the execution of all
medical release authorization forms and other documents necessary to provide
Purchaser with access to insured's medical records for this purpose. Both Seller
and insured agree and fully understand that such requests may be required at
reasonable intervals for an indeterminate number of years. Seller further agrees
that this authorization will be binding if the policy is subsequently sold or
assigned to another assignee.

     8. Seller warrants that:

          A.   Seller is authorized to enter this Agreement and that no legal or
               contractual impediment exists to the execution of this Agreement.

          B.   No consent, approval or authorization or a third party is
               required in connection with the execution of this Agreement.

                                       2
<PAGE>

          C.   The face value of the insurance policy is $____________.

               and the total aggregate amount of loans against this policy is
               $_______.

               and the face value of the policy is further reduced as a result
               of payment of premium using the policy's cash value in the amount
               of $_______.

               and there exist no other obligations of any kind that would
               reduce the face value of the policy.

          D.   Seller shall not do anything that will cause a reduction in the
               amount of the full value of the policy.

          E.   Seller has not received notice from the Insurance Company of any
               violation of the terms of, or a default of, the Insurance Policy.

          F.   The Net Purchase Price is adequate and fair consideration for the
               Insurance Policy.

          G.   Seller agrees to:

               (i)  take any and all actions necessary or appropriate to
                    effectuate the purposes and provisions of this Agreement or
                    the Transaction; and

               (ii) sign any and all documents, agreements, certificates, or
                    other instruments required or necessary under law or
                    otherwise to effectuate the provisions of this Agreement or
                    the Transaction.

          H.   The contents of the Insured's personal physician's letter are
               true and accurate. Seller has provided prior consent for
               physician's issuance and Purchaser's receipt of the physician's
               letter. Purchaser has obtained the physician's letter before
               Seller entered this Agreement.

          I.   The designation of the state of Seller's residency in the
               background information to this Agreement is true and correct.

          J.   Seller is solvent and there are no outstanding claims, suits,
               liens, securing interests, garnishments, or court proceedings
               which could result in Seller becoming bankrupt or insolvent.
               There are no insolvency or bankruptcy proceedings threatened or
               pending against Seller. Seller understands that the proceeds
               Seller receives may be subject to the claims of creditors.

          K.   No representation or warranty made by Seller, nor any statement,
               certificate, nor instrument furnished (or to be furnished ) to
               Purchaser pursuant to this Agreement or in conjunction with the
               Transaction contemplated by this Agreement contains, will contain
               any untrue

                                       3
<PAGE>

               statement or material fact, or omits or will omit to state a
               material fact necessary to make the statements contained herein
               misleading. No representation or warranty made by Seller nor any
               statement or certificate or instrument furnished or to be
               furnished to the Insurance Company in connection with the
               Insurance Policy including, without limitation, the application
               therefore or in conjunction with this Agreement or the
               Transaction contemplated by this Agreement contained, contains,
               or will contain any untrue statement of material fact or omits or
               will omit to state a material fact necessary to make the
               statements contained therein misleading. The physician's letter
               accurately reflects the nature and condition of Seller's health.

          L.   Except for the contingent interests of the Current Beneficiaries,
               Seller owns all rights and interests in, and to, the Insurance
               Policy. Except as limited by the preceding sentence, Seller has
               and will continue to have, until the transfer to the Policy
               Buyer, good and marketable title to the Insurance Policy, free
               and clear of all liens, pledges, restrictions, charges or
               encumbrances or the interests of any nature whatsoever. Except
               for the contingent interests of the Current Beneficiaries, Seller
               owns all rights and interests in, and to, the Insurance Policy.
               Except as limited by the preceding sentence, Seller has and will
               continue to have, until the transfer to the Policy Buyer, good
               and marketable title to the Insurance Policy, free and clear of
               all liens, pledges, restrictions, charges or encumbrances or
               other interests of any nature whatsoever.

          M.   Seller understands the terms and conditions of the Insurance
               Policy and the benefits available to Seller thereunder. The
               Insurance Company does not offer a living benefits program or, if
               it does, Seller finds that program less satisfactory than this
               Agreement. Furthermore, Seller understands the terms and
               conditions of this Agreement and the Transaction.

          N.   Seller has the right to representation in all aspects of this
               Transaction by an attorney, chosen solely by Seller and is
               licensed under the laws of the jurisdiction in which he/she
               practices. Purchaser has made all the disclosures and given all
               the advice required by applicable laws and regulations.
               Nevertheless, despite Seller's belief that Seller currently has
               sufficient knowledge pertaining to these issues, Seller may,
               before signing this Agreement, exercise the option to obtain
               advice from Seller's attorney or professional advisor regarding:

               (i)  all tax consequences that may result from the Transaction or
                    this Agreement;

                                       4
<PAGE>

               (ii) possible alternatives to the Transaction and this Agreement,
                    including accelerated benefits options that might be offered
                    by the Insurance Company;

              (iii) the effect that this Transaction or this Agreement may or
                    will have other rights of benefits, including conversion
                    rights and waiver of premium benefits that may exist under
                    the policy; and

               (iv) the effect, if any, that this transaction or this Agreement
                    may have if this policy contains or is associated with any
                    other joint policy or other riders.

     9. Except as otherwise expressly provided in this Agreement, and regardless
of whether the Transaction is consummated or payments are ever made, this
Agreement or the Transaction is rescinded or terminated, or for any other
reason, Seller is solely responsible for all fees and costs incurred as a result
of the Transaction or this Agreement, including, without limitation, all
attorneys' and physicians' fees.

     10. That the following agreements regarding arbitration apply:

          A.   Agreement to Arbitrate: Any litigation, claim, dispute, suit,
               action, controversy, proceeding or otherwise ("Claim") between
               Purchaser, Servicer's affiliates and Seller (or Seller's
               affiliates) which are not resolved within forty-five (45) days of
               notice from either of the Parties to the other, will be submitted
               to arbitration to the office of the American Arbitration
               Association pursuant to its Commercial Arbitration Rules will
               conduct the arbitration. The Parties to any arbitration will sign
               appropriate confidentiality agreements, excepting only such
               disclosures and filings as are required by law.

          B.   Place and Procedure: The arbitration proceedings will be
               conducted in the State of Indiana. Any Claim in any arbitration
               will be conducted and resolved on an individual basis only. Any
               such arbitration proceeding will not be consolidated with any
               other arbitration proceeding involving any other person, except
               for disputes involving affiliates of the Parties to the
               arbitration. The Parties agree that, in connection with any such
               arbitration proceeding, each must submit or file any claim which
               would constitute a compulsory counterclaim (as defined by Rule 13
               of the Federal Rules of Civil Procedure) within the same
               proceeding as the Claim to which it relates. Any such Claim that
               is not submitted or filed in such proceeding will be barred.

          C.   Award and Decisions: The arbitrator will have the right to award
               any relief which he/she deems proper in the circumstances,
               including, for example, money damages (with interest on unpaid
               amounts from their due dates), specific performance, temporary
               and/or permanent injunctive

                                       5
<PAGE>

               relief and reimbursement of attorneys' fees and related costs to
               the prevailing party. The arbitrator will not have the authority
               to award exemplary or punitive damages. The award and decision of
               the arbitrator will be conclusive and binding. Judgment on the
               award may be entered in any court of competent jurisdiction. The
               parties acknowledge and agree that any arbitration award may be
               enforced against either, or both of them, in a court of competent
               jurisdiction and each waives any right to contest the validity or
               enforceability of such aware. Without limiting the foregoing, the
               Parties will be entitled in any such arbitration proceeding to
               the entry of an order by a court of competent jurisdiction
               pursuant to an opinion of the arbitrator for specific performance
               of any of the requirements of this Agreement. Judgment on an
               arbitration aware may be entered in any court having jurisdiction
               and will be binding, final and non-appealable.

          D.   Exhibits. This Agreement to arbitrate applies not only to any
               Claims involving this Agreement, but also any Claims involving
               any of the agreements or the instruments attached as exhibits to
               this Agreement.

     11. That the following miscellaneous items apply:

          A.   Attorneys Fees, Etc. In any action or dispute at law or in equity
               or in arbitration that may arise under or otherwise relate to
               this Agreement, the prevailing Party will be entitled to
               reimbursement of all its costs and expenses, including reasonable
               accounting and attorneys' fees (including, without limitation,
               paralegal fees and expenses, court costs and travel and lodging
               expenses), whether incurred in arbitration, at trial, on appeal,
               in bankruptcy court or in probate court.

          B.   Background Information and Exhibits. The background information
               and the exhibits referred to herein are true and correct. This
               Agreement will be interpreted with reference to the background
               information and the exhibits.

          C.   Certain Damages. As used throughout this Agreement, (i) the term
               "person" means any corporation, partnership, joint venture, trust
               association or other business entity or enterprise or any natural
               person; and (ii) an "affiliate" of a person means any other
               person that directly or indirectly through one or more
               intermediaries, controls, is controlled by, or is under common
               control with, such person and includes a person's spouse,
               parents, lineal descendants, brothers and sisters, stockholders,
               officers, directors and partners.

          D.   Counterparts. The Parties may sign this Agreement in multiple
               counterparts. Each signed counterpart constitutes an original,
               and all counterparts constitutes one and the same agreement.

                                       6
<PAGE>

          E.   Governing Law and Forum. The validity, construction,
               interpretation and enforceability of this Agreement are governed
               by the laws of the State of Indiana, excluding conflicts of law
               rules. Any disputes under this Agreement, or any action taken to
               enforce or determine the rights and obligations of the Parties
               under this Agreement, must be brought in the appropriate, federal
               and state court located in Indiana, and the Parties submit to the
               jurisdiction and waive any objection to the venue, of such
               courts, except as required to be submitted to arbitration.

          F.   Headings and Captions. The titles, headings and captions
               preceding the text of each section and sub-section of this
               Agreement have been inserted solely for convenient reference and
               neither constitute a part of this Agreement nor affect its
               meaning, interpretation or effect.

          G.   Notices. All notices, letters, and communications must be sent to
               the Parties at their addresses listed in the preamble to this
               Agreement. A Party may change its designated address by mailing a
               notice of the change of address to the other party via U.S.
               Postal Service. Such change will be effective two business days
               after the date of receipt by the other Party.

          H.   Pronouns and Gender. All terms and words used in this Agreement,
               regardless of the number and gender in which they are used, are
               deemed to include any other number, singular or plural, and any
               other gender, masculine, feminine or neuter, as the context or
               sense of this Agreement or any section, subsection, paragraph or
               clause may require, as if such words had been fully and properly
               written in the appropriate number and gender.

          I.   Severability. If any of the provisions of this Agreement are held
               invalid for any reason, the remainder of this Agreement will not
               be affected and will remain in full force and effect in
               accordance with it terms.

          J.   Survival. All representations, warranties, and promises set forth
               in this Agreement or the exhibits hereto will survive the closing
               or consummation of the Transaction.

          K.   Third Party Beneficiaries. This Agreement and the Transaction are
               meant to benefit only Purchaser and Seller. There are no third
               party beneficiaries to this Agreement or to the Transaction.

          L.   Waiver and Amendment. A waiver or amendment of this Agreement or
               any provision of it will be valid and effective only if it is in
               writing and signed by, or on behalf of each Party. No waiver of
               any portion of this Agreement will operate to constitute a waiver
               of any other provision of this Agreement. The failure of any
               Party at any time to insist upon strict

                                       7
<PAGE>

               performance of any condition, promise, agreement or understanding
               set forth herein will not be construed as waiver or
               relinquishment of the right to insist on strict performance of
               the same condition, promise, agreement or understanding at a
               future time.

     12. The Purchaser has obtained the services of ____________________, to act
as Escrow Agent for this transaction. Purchaser and Seller hereby agree to
instruct the Escrow Agent to release all funds payable to the Seller within two
(2) business days after the Escrow Agent has received all required documents and
verifications necessary to consummate this transaction.

     13. Confidentiality; Purchaser agrees that except as otherwise allowed or
required by law, Purchaser, its owners, principals and employees shall not
disclose Seller's or insured's identity to any other person or entity unless the
disclosure is (1) necessary to effect the transaction, (2) is provided as a
response to an investigation by a Government Agency or (3) is a term or
condition of the terms of the transfer of this policy to a subsequent purchaser
of this policy.

     Intending to be bound, the Parties have signed this Agreement effective the
Effective Date, regardless of the actual dates of their signature:

                              SIGNATURES NEXT PAGE

                                       8
<PAGE>

                                   WITNESSES:

                                          UNITED FUNDS, LLC
--------------------------------
WITNESS Signature

--------------------------------          --------------------------------------
WITNESS Printed Name                      Authorized Officer
                                          UNITED FUNDS, LLC, a Delaware limited
                                          liability company
--------------------------------
WITNESS Signature

--------------------------------
WITNESS Printed Name

I hereby certify that on this day personally appeared before me
_________________________, who executed the foregoing document and said party
acknowledged before me that the same was executed for the purposes therein
expressed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this ____ day of ____________________, 2000.

__________ personally known
                                          --------------------------------------
__________ produced identification        Notary Public
ID _________________________              My commission expires:

--------------------------------          --------------------------------------
WITNESS Signature                         Owner Signature:

--------------------------------
WITNESS Printed Name

--------------------------------
WITNESS Signature

--------------------------------
WITNESS Printed Name

                                       9
<PAGE>

STATE OF __________________________________)

COUNTY OF ________________________________)

I hereby certify that on this day personally appeared before me
_________________________, who executed the foregoing document and said party
acknowledged before me that the same was executed for the purposes therein
expressed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this ____ day of ____________________, 2000.

__________ personally known
                                          --------------------------------------
__________ produced identification        Notary Public
                                          My commission expires:

                                       10
<PAGE>

                  United Funds, LLC - Purchase & Sale Agreement

        EXHIBIT "A" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT

                              SETTLEMENT STATEMENT

The following data applies to the Life Insurance Policy Purchase and Sale
Agreement for the sale and purchase of the following life insurance policy:

Issuer:
Policy/Certificate No:

except as defined in this Summary, the capitalized terms herein have the meaning
given to them in the Agreement:

                                                          Face Value: $

                      NET PURCHASE PRICE (Net amount paid to Seller): $

WITNESSES:

--------------------------------          --------------------------------------
WITNESS Signature                         Owner Signature:

--------------------------------
WITNESS Printed Name

--------------------------------
Witness Signature

--------------------------------
WITNESS Printed Name

STATE OF                                    )
         -----------------------------------

COUNTY OF                                   )
          ----------------------------------

I hereby certify that on this day personally appeared before me , who executed
the foregoing document and said party acknowledged before me that the same was
executed for the purposes therein expressed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, __________ this day of ___________, 2000.

                                                     ---------------------------
                   Personally known                  Notary Public
------------------
                   produced identification           My commission expires:
------------------

--------------------------------------------------------------------------------
  United Funds, LLC, 101 W. Ohio Street, PMB 2000, Indianapolis, Indiana 46204

                                       11
<PAGE>

                  United Funds, LLC - Purchase & Sale Agreement

        EXHIBIT "B" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT

                           INSURANCE POLICY ASSIGNMENT

THIS INSURANCE POLICY ASSIGNMENT, (This "Assignment") is made by the following
party(ies) (the "Assignor"):

in favor of the following party ("Assignee"):

Transfer: The Assignor hereby assigns, sells, sets over and transfers to the
Assignee all right, title and interest (including any beneficial or
beneficiary's right or interest) in and to that certain life insurance policy
(the "Insurance Policy") which insures the Assignor's Life, issued by the
following life insurance policy:

Issuer:
Policy/Certificate No:

Absence of Liens: The Assignor hereby warrants that the Insurance Policy is free
and clear of any and all liens, security interests, claims and encumbrances.

Consideration: The Assignor acknowledges it has received sufficient, good and
valuable consideration for the Insurance Policy.

Title: Title to the Insurance Policy is vested in the Assignee on the date that
the Assignor executes this Agreement.

WITNESSES:

                                                 -------------------------------
                                                 Owner Signature:
--------------------------------
WITNESS Signature

--------------------------------
WITNESS Printed Name

--------------------------------
Witness Signature

--------------------------------
WITNESS Printed Name

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

                                       12
<PAGE>

STATE OF                                    )
         -----------------------------------

COUNTY OF                                   )
          ----------------------------------

I hereby certify that on this day personally appeared before me , who executed
the foregoing document and said party acknowledged before me that the same was
executed for the purposes therein expressed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this day of , 2000.

                                                     ---------------------------
                   Personally known                  Notary Public
------------------
                   produced identification           My commission expires:
------------------

--------------------------------------------------------------------------------
  United Funds, LLC, 101 W. Ohio Street, PMB 2000, Indianapolis, Indiana 46204

                                       13
<PAGE>

                  United Funds, LLC - Purchase & Sale Agreement

        EXHIBIT "C" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT

                            BENEFICIARY'S ASSIGNMENT

THIS ASSIGNMENT ("Assignment") entered into this day of __________, _______
2000, by the beneficiary of the life insurance policy designated by the
following:

Policy Number:
Insurance Company:
Owner(s):

Hereinafter referred to as "Owner or Owner Group"

Assignee:

WHEREAS, Owner or Owner Group desires to assign all right and title to the above
mentioned policy to the Assignee for value, And

WHEREAS, In order to effectuate said Assignment it is necessary for
Beneficiary(ies) to assign his/her/their interest as beneficiary(ies) to the
aforementioned policy.

NOW THEREFORE; Beneficiary(ies), in consideration of the Assignee's promise to
purchase the aforementioned Insurance Policy hereby agrees as follows:

     1. The Beneficiary(ies) is/are over the age of eighteen (18).

     2. Title to all of Beneficiary's right and interest in said insurance
     policy shall vest in Assignee upon execution of this Assignment.

     3. The Beneficiary(ies) relinquish(es) any and all interest he/she/they
     might have in said policy and consents to Owner's or Owner Group's
     assignment.

     4. The Beneficiary(ies) is/are not under any duress or coercion in entering
     this Assignment.

IN WITNESS WHEREOF, this Assignment was executed the date and year first above
written.

                                   WITNESSES:

                                                           THE BENEFICIARY(IES);

--------------------------------
WITNESS Signature

--------------------------------
WITNESS Printed Name

--------------------------------
Witness Signature

--------------------------------
WITNESS Printed Name

STATE OF                                    )
         -----------------------------------

COUNTY OF                                   )
          ----------------------------------

I hereby certify that on this day personally appeared before me _________, who
executed the foregoing document and said party acknowledged before me that the
same was executed for the purposes therein expressed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this day of , 2000.

                                                     ---------------------------
                   Personally known                  Notary Public
------------------
                   produced identification           My commission expires:
------------------

--------------------------------------------------------------------------------
  United Funds, LLC, 101 W. Ohio Street, PMB 2000, Indianapolis, Indiana 46204

                                       14
<PAGE>

                  United Funds, LLC - Purchase & Sale Agreement

        EXHIBIT "D" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT

                             LETTER OF COMMUNICATION

Date:
       ----------------------------------------------

Communications Dept.
United Funds, LLC
101 W. Ohio Street, PMB 2000
Indianapolis, IN  46204

Please be advised that my residence is:

Address:
          ----------------------------------------------------------------------

Telephone
          -------------------------------------------

Medical Physician's Name
                         ----------------------------------------------

Medical Physician's Address
                            ----------------------------------------------------

Medical Physician's Phone (    )
                                  ----------------------------

Status Treatment/Medication:
                             ---------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

---------------------------------------------
Insured's Signature

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

--------------------------------------------------------------------------------
  United Funds, LLC, 101 W. Ohio Street, PMB 2000, Indianapolis, Indiana 46204

                                       15
<PAGE>

                  United Funds, LLC - Purchase & Sale Agreement

        EXHIBIT "E" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT

                          LIST OF RELATIVES AND FRIENDS

The following is a list of Relatives and Friends whom I have informed and urged
to discuss with the appropriate staff members of United Funds, LLC, my medical
status and residence.

---------------------------------------------        ---------------------------
Insured's Signature:                                 Date

STATE OF                                    )
         -----------------------------------

COUNTY OF                                   )
          ----------------------------------

I hereby certify that on this day personally appeared before me , who executed
the foregoing document and said party acknowledged before me that the same was
executed for the purposes therein expressed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this day of , 2000.

                                                     ---------------------------
                   Personally known                  Notary Public
------------------
                   produced identification           My commission expires:
------------------

--------------------------------------------------------------------------------
  United Funds, LLC, 101 W. Ohio Street, PMB 2000, Indianapolis, Indiana 46204

                                       16
<PAGE>

                  United Funds, LLC - Purchase & Sale Agreement

        EXHIBIT "F" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT

                              LIST OF BENEFICIARIES

THIS ASSIGNMENT ("Assignment") entered into this day of , 2000, by the
beneficiary of the life insurance policy designated by the following:

Policy Number:

Insurance Company:

Insured:

              The following is the complete and unaltered list of beneficiaries
of the above policy:

---------------------------------------------        ---------------------------
Owner Signature:                                     Date:

STATE OF                                    )
         -----------------------------------

COUNTY OF                                   )
          ----------------------------------

I hereby certify that on this day personally appeared before me , who executed
the foregoing document and said party acknowledged before me that the same was
executed for the purposes therein expressed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this day of , 2000.

                                                     ---------------------------
                   Personally known                  Notary Public
------------------
                   produced identification           My commission expires:
------------------

--------------------------------------------------------------------------------
  United Funds, LLC, 101 W. Ohio Street, PMB 2000, Indianapolis, Indiana 46204

                                       17
<PAGE>

                  United Funds, LLC - Purchase & Sale Agreement

        EXHIBIT "G" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT

                              LIST OF BENEFICIARIES

TO WHOM IT MAY CONCERN:

This is to authorize you to furnish a death certificate for the following
individuals to UNITED FUNDS, LLC:

---------------------------------------------        ---------------------------
Signature of Relative                                Date:

---------------------------------------------
Printed Name

---------------------------------------------
Relationship

STATE OF                                    )
         -----------------------------------

COUNTY OF                                   )
          ----------------------------------

I hereby certify that on this day personally appeared before me , who executed
the foregoing document and said party acknowledged before me that the same was
executed for the purposes therein expressed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this day of , 2000.

                                                     ---------------------------
                   Personally known                  Notary Public
------------------
                   produced identification           My commission expires:
------------------

--------------------------------------------------------------------------------
  United Funds, LLC, 101 W. Ohio Street, PMB 2000, Indianapolis, Indiana 46204

                                       18
<PAGE>

                  United Funds, LLC - Purchase & Sale Agreement

        EXHIBIT "H" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT

                           CERTIFICATION OF COMPETENCY

             PART 1 - NON-MEDICAL CERTIFICATION (must be completed):

TO WHOM IT MAY CONCERN:

It is my opinion that the following individual(s) is (are) of sound mind and is
(are) competent to conduct his / her / their own affairs:

It is my further opinion that this individual is not subject at this time to any
constraint or undue influence.

THE UNDERSIGNED HEREBY CERTIFIES the above is true and correct as of this date.

---------------------------------------------        ---------------------------
Signature of Witness                                          Date

---------------------------------------------
Printed Name of Witness

                                         PART II - MEDICAL CERTIFICATION (to be
                                         completed only if Seller(s) is (are)
                                         suffering from one or more significant
                                         illnesses):
As a physician, it is my opinion that this individual is not subject at this
time to any constraint or undue influence.

---------------------------------------------        ---------------------------
Signature of Physician                                        Date

---------------------------------------------
Printed Name of Physician

--------------------------------------------------------------------------------
  United Funds, LLC, 101 W. Ohio Street, PMB 2000, Indianapolis, Indiana 46204

                                       19
<PAGE>

                  United Funds, LLC - Purchase & Sale Agreement

        EXHIBIT "I" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT

                  AUTHORIZATION TO RELEASE MEDICAL INFORMATION

I hereby authorize any physicians, medical personnel, clinics, hospitals,
medical centers, medical bureaus, and related institutions to release to UNITED
FUNDS, LLC or its authorized personnel any information concerning my health of
physical condition.

I agree that this authorization is valid for ten years from the date signed, and
that photocopy of it is a valid representation of the original.

Consideration for this authorization is represented by the monies paid to the
Seller pursuant to the body of this Life Insure Policy Purchase and Sale
agreement.

---------------------------------------------
Insured's Signature

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

STATE OF                                    )
         -----------------------------------

COUNTY OF                                   )
          ----------------------------------

I hereby certify that on this day personally appeared before me , who executed
the foregoing document and said party acknowledged before me that the same was
executed for the purposes therein expressed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this day of , 2000.

                                                     ---------------------------
                   Personally known                  Notary Public
------------------
                   produced identification           My commission expires:
------------------

--------------------------------------------------------------------------------
  United Funds, LLC, 101 W. Ohio Street, PMB 2000, Indianapolis, Indiana 46204

                                       20

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