Document:

Exhibit 4.1

THIS WARRANT AND ANY SHARES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR UNDER
ANY STATE SECURITIES LAWS. THIS WARRANT AND SUCH SHARES AND ANY INTEREST OR
PARTICIPATION HEREIN OR THEREIN MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED,
HYPOTHECATED, OR OTHERWISE TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION THEREOF UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND
APPLICABLE STATE SECURITIES LAWS, OR UNLESS AN EXEMPTION THEREFROM IS THEN
AVAILABLE. THIS WARRANT AND SUCH SHARES MAY NOT BE TRANSFERRED EXCEPT UPON THE
CONDITIONS SPECIFIED IN THIS WARRANT, AND NO TRANSFER OF THIS WARRANT OR SUCH
SHARES SHALL BE VALID OR EFFECTIVE UNLESS AND UNTIL SUCH CONDITIONS SHALL HAVE
BEEN COMPLIED WITH.

                                                               Warrant No. [___]

Date of Issuance: December 28, 2006                 Void After February 28, 2011

                                     WARRANT
                      TO PURCHASE SHARES OF COMMON STOCK OF
                         MONEY CENTERS OF AMERICA, INC.

                                               __________ Shares of Common Stock
                                                         (Subject to Adjustment)

                  THIS CERTIFIES THAT, for good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, BAENA ADVISORS, LLC or
its registered assigns (the "Holder") is entitled, subject to the terms and
conditions set forth below, to purchase from Money Centers of America, Inc., a
Delaware corporation (the "Company"), _________ shares of common stock of the
Company, in the aggregate (the "Warrant Shares"), representing _____% of the
equity capital of the Company on a fully diluted basis, at an initial exercise
price per share equal to $.01 (initially and as adjusted, if at all, pursuant to
the terms and conditions of this Warrant, the "Exercise Price"). The maximum
number of Warrant Shares so issuable under this Warrant is sometimes referred to
as the "Aggregate Number" (as such number may be increased or decreased, as more
fully set forth herein). This Warrant shall not be terminable by the Company
prior to the Expiration Date (as defined in Section 1 below). The term "Warrant"
as used herein shall include this Warrant and any warrants delivered in
substitution or exchange therefor as provided herein.

                  While this Warrant is executed and delivered in connection
with that certain Credit and Security Agreement dated as of December 28, 2006 by
and between the Company and the Holder (the "Credit Agreement"), this Warrant is
detachable and, accordingly, (a) this Warrant can be transferred and executed by
the Holder (subject to and in accordance with the terms hereof) separately from
the Credit Agreement, and (b) the debt issued under the Credit Agreement and the
rights of the Holder thereunder are separate from this Warrant at all times
prior to and following the exercise of this Warrant. This Warrant shall be void
and all rights represented hereby shall cease on the Expiration Date.

<PAGE>

                  This Warrant is subject to the following provisions, terms and
conditions:

1. Definitions. As used in this Warrant, unless the context otherwise requires,
the following terms have the following respective meanings:

                  "Aggregate Number" shall have the meaning set forth in the
first paragraph of this Warrant.

                  "Commission" shall mean United States Securities and Exchange
Commission and any other similar or successor agency of the United States
federal government administering the Securities Act of 1933, as amended, or the
Securities Exchange Act of 1934, as amended.

                  "Common Stock" shall mean the shares of common stock of the
Company, currently provided for in the Certificate of Incorporation of the
Company, and including, for all purposes hereunder, any other capital stock of
the Company into which such shares of common stock may be converted or
reclassified or that may be issued in respect of, in exchange for, or in
substitution of, such common stock by reason of any stock splits, stock
dividends, distributions, mergers, consolidations or like events.

                  "Convertible Securities" shall mean securities convertible
into or exchangeable for Common Stock.

                  "Distribution" shall have the meaning specified in Section
5(b).

                  "Exchange Act" shall mean the Securities Exchange Act of 1934,
as amended, and any successor statute or law thereto.

                  "Expiration Date" shall mean 5:00 p.m., Eastern Time, on
February 28, 2011.

                  "Person" shall mean an individual, corporation, partnership,
trust or unincorporated organization, or other legal entity, or a government or
any agency or political subdivision thereof.

                  "Securities Act" shall mean the Securities Act of 1933, as
amended, and any successor statute or law thereto.

2. Exercise; Issue of Certificates; Payment for Shares.

(a) The purchase rights represented by this Warrant may be exercised by the
Holder, in whole or in part (but not as to fractional shares of Common Stock),
at any time, or from time to time, during the term hereof, commencing upon the
date hereof.

(b) This Warrant shall be exercisable by surrendering this Warrant and the
Notice of Warrant Exercise attached hereto as Annex 1 (properly completed and
executed on behalf of the Holder) to the Company as set forth in Section 14, and
upon payment to the Company of the Exercise Price for the Warrant Shares being
purchased.

(c) Payment of the Exercise Price may be made, in the sole discretion of the
Holder, in the form of any of the following: (i) cash, (ii) a certified or
official bank check payable to the order of the Company or (iii) wire transfer
of funds to a bank account designated by the Company for such transfer.

                                      -2-

<PAGE>

(d) The shares so purchased upon exercise of this Warrant shall be, and shall be
deemed to be, issued to the Holder as the record owner of such shares as of the
close of business on the date on which this Warrant shall have been surrendered
and payment made for such shares as provided herein. A certificate or
certificates for the shares so purchased shall be delivered to the Holder, as
set forth in Section 14, as promptly as reasonably practicable following any
exercise of this Warrant, but in no event more than (10) days thereafter. Unless
this Warrant has been exercised in full or has expired, the Company shall
execute and deliver to the Holder a new Warrant of like tenor representing the
number of shares for which this Warrant may then be exercised.

3. No Fractional Shares or Scrip. No fractional shares or scrip representing
fractional shares shall be issued upon the exercise of this Warrant. In lieu of
any fractional shares to which the Holder would otherwise be entitled, the
Company shall make a cash payment equal to the fair market value of a share
multiplied by such fraction.

4. Shares to be Fully Paid; Reservation of Shares; Listing. The Company
covenants and agrees that: (a) all Warrant Shares will, upon issuance, be
original-issue shares (and not treasury stock), fully paid and nonassessable and
free from all taxes, claims, liens, charges and other encumbrances with respect
to the issue thereof (other than taxes in respect of any transfer occurring
contemporaneously or otherwise specified herein and except for liens imposed by
any state or federal securities laws or created by the Holder); (b) during the
period within which the rights represented by this Warrant may be exercised, the
Company will at all times have authorized and reserved for the purpose of issue
or transfer upon exercise of this Warrant a sufficient number of original-issue
shares of its Common Stock to provide for the exercise of the rights represented
by this Warrant; and (c) upon exercise of this Warrant, it will, at its expense,
promptly notify each securities exchange on which any Common Stock is at the
time listed of such issuance, and maintain a listing of all shares of Common
Stock from time to time issuable upon exercise of this Warrant to the extent
such shares can be listed.

5. Adjustments to Aggregate Number.

                  The Aggregate Number shall be subject to adjustment from time
to time as follows and thereafter as adjusted shall be deemed to be the
Aggregate Number hereunder.

(a) In case at any time or from time to time prior to the Expiration Date the
Company shall:

                  (i) take a record of the holders of any equity capital of the
                  Company for the purpose of entitling them to receive a
                  dividend payable in, or other distribution of, such equity
                  capital,

                  (ii) subdivide its outstanding shares of equity capital into a
                  larger number of shares, or

                                      -3-

<PAGE>

                  (iii) combine its outstanding shares of equity capital into a
                  smaller number of shares,

then the Aggregate Number in effect immediately prior thereto shall be adjusted
so that the Holder shall thereafter be entitled to receive, upon exercise of
this Warrant, the number of shares of Common Stock that such Holder would have
owned or have been entitled to receive after the occurrence of such event had
this Warrant been exercised immediately prior to the occurrence of such event.

(b) In case at any time or from time to time prior to the Expiration Date, the
Company shall take a record of the holders of its equity capital for the purpose
of entitling them to receive any dividend or other distribution (collectively,
a "Distribution") of:

                  (i) cash (other than dividends payable out of earnings or any
                  surplus legally available for the payment of dividends under
                  the laws of the state of incorporation of the Company),

                  (ii) any evidences of its indebtedness (other than Convertible
                  Securities), any shares of its capital stock (other than
                  additional shares of Common Stock or Convertible Securities)
                  or any other securities or property of any nature whatsoever
                  (other than cash), or

                  (iii) any options or warrants or other rights to subscribe
                  for or purchase any of the following: any evidences of its
                  indebtedness (other than Convertible Securities), any shares
                  of its capital stock (other than additional shares of Common
                  Stock or Convertible Securities) or any other securities or
                  property of any nature whatsoever,

then the Holder shall be entitled to receive, upon the exercise of this Warrant
at any time on or after the taking of such record, the number of shares of
Common Stock to be received upon exercise of this Warrant determined as stated
herein and, in addition and without further payment, the cash, stock,
securities, other property, options, warrants and/or other rights to which such
Holder would have been entitled by way of the Distribution and subsequent
dividends and distributions if such Holder (x) had exercised this Warrant
immediately prior to such Distribution, and (y) had retained the Distribution in
respect of the Common Stock and all subsequent dividends and distributions of
any nature whatsoever in respect of any stock or securities paid as dividends
and distributions and originating directly or indirectly from such Common Stock.
A reclassification of the Common Stock into shares of any other class of stock
shall be deemed a Distribution by the Company to the holders of its Common Stock
of such shares of such other class of stock within the meaning of this paragraph
(b) and, if the outstanding shares of Common Stock shall be changed into a
larger or smaller number of shares of Common Stock as a part of such
reclassification, such event shall be deemed a subdivision or combination, as
the case may be, of the outstanding shares of Common Stock within the meaning of
paragraph (a) of this Section 5.

                                      -4-

<PAGE>

(c) Merger, Sale of Assets, etc. If at any time while this Warrant, or any
portion hereof, is outstanding and unexpired there shall be (i) a reorganization
(other than a combination, reclassification, exchange or subdivision of shares
otherwise provided for herein) of the Company, or any other entity the stock
or securities of which are at the time deliverable on the exercise of this
Warrant (such other entity being referred to herein as an "Other Entity"), (ii)
a merger or consolidation of the Company or an Other Entity with or into another
entity in which the Company or the Other Entity, as the case may be, is not the
surviving entity, or a reverse triangular merger in which the Company or the
Other Entity, as the case may be, is the surviving entity but the shares of the
Company's or Other Entity's capital stock outstanding immediately prior to the
merger are converted by virtue of the merger into other property whether in the
form of securities, cash or otherwise, (iii) a sale or transfer of the Company's
or an Other Entity's properties and assets as, or substantially as, an entirety
to any other Person, or (iv) a liquidation of the Company or an Other Entity,
then this Warrant shall thereafter represent the right to acquire the number of
shares of stock or other securities which the Holder would have owned
immediately after the consummation of such reorganization, merger,
consolidation, sale, transfer, or liquidation if the Holder had exercised this
Warrant immediately before the effective date of such reorganization,
merger, consolidation, sale, transfer, or liquidation.

(d) The following provisions shall be applicable to the making of adjustments of
the Aggregate Number hereinbefore provided for in this Section 5:

                  (i) The sale or other disposition of any issued shares of
                  Common Stock owned or held by or for the account of the
                  Company shall be deemed an issuance thereof for the purposes
                  of this Section 5.

                  (ii) The adjustments required by the preceding paragraphs of
                  this Section 5 shall be made whenever and as often as any
                  specified event requiring an adjustment shall occur, except as
                  expressly provided herein. For the purpose of any adjustment,
                  any specified event shall be deemed to have occurred at the
                  close of business on the date of its occurrence.

                  (iii) In computing adjustments under this Section 5,
                  fractional interests in Common Stock shall be taken into
                  account to the nearest one-thousandth (.001) of a share and
                  shall be aggregated until they equal one whole share.

                  (iv) If the Company shall take a record of the holders of its
                  Common Stock for the purpose of entitling them to receive a
                  dividend, distribution, warrants or subscription or purchase
                  rights under Sections 5(a) through 5(b) hereof, but abandon
                  its plan to pay or deliver such dividend, distribution,
                  warrants, subscription or purchase rights, then no adjustment
                  shall be required by reason of the taking of such record and
                  any such adjustment previously made in respect thereof shall
                  be rescinded and annulled.

(e) If any event occurs as to which the other provisions of this Section 5 are
not strictly applicable but the lack of any provision for the exercise of the
rights of the Holder would not fairly protect the purchase rights of such Holder
in accordance with the essential intent and principles of the provisions of this
Section 5, or, if strictly applicable, would not fairly protect the conversion
rights of the Holder in accordance with the essential intent and principles of
such provisions, then the Company shall appoint a firm of independent certified
public accountants in the United States (which may be the regular auditors of
the Company) of recognized national standing in the United States satisfactory
to the Holder, which shall give its opinion as to the adjustments, if any,
necessary to preserve, without dilution, on a basis consistent with the
essential intent and principles established in the other provisions of this
Section 5, the exercise rights of the Holder. Upon receipt of such opinion,
the Company shall forthwith make the adjustments described therein.

                                      -5-

<PAGE>

Within forty-five (45) days after the end of each fiscal quarter during which an
event occurred that resulted in an adjustment to the Aggregate Number pursuant
to this Section 5, and at any time upon the request of the Holder, the Company
shall cause to be promptly delivered to such Holder, in accordance with Section
14, notice of each adjustment or adjustments to the Aggregate Number effected
since the date of the last such notice and a certificate of the Company's Chief
Financial Officer or, in the case of any such notice delivered within forty-five
(45) days after the end of a fiscal year, a firm of independent public
accountants in the United States selected by the Company and acceptable to the
Holder (who may be the regular accountants employed by the Company), in each
case, setting forth the Aggregate Number after such adjustment, a brief
statement of the facts requiring such adjustment and the computation by which
such adjustment was made. The fees and expenses of such accountants shall be
paid by the Company.

(f) The occurrence of a single event shall not trigger an adjustment of the
Aggregate Number under more than one paragraph of this Section 5.

6. Taxes on Conversion. The issuance of certificates for Warrant Shares upon the
exercise of the Warrants shall be made without charge to the Holder for any
issue or stamp tax in respect of the issuance of such certificates, and such
certificates shall be issued in the respective names of, or in such names as may
be directed by, the Holder; provided, however, that the Company shall not be
required to pay any tax that may be payable in respect of any transfer involved
in the issuance and delivery of any such certificate in a name other than that
of the Holder, and the Company shall not be required to issue or deliver such
certificates unless or until the Person or Persons requesting the issuance
thereof shall have paid to the Company the amount of such tax or shall have
established to the satisfaction of the Company that such tax has been paid.

7. Limitation of Liability. No provision hereof, in the absence of the exercise
of this Warrant by the Holder, shall give rise to any liability on the part of
the Holder for the Exercise Price of the Warrant Shares or as a stockholder of
the Company, whether such liability is asserted by the Company or by any
creditor of the Company.

8. Closing of Books. The Company will at no time close its transfer books
against the transfer of this Warrant or of any shares of Common Stock issued or
issuable upon the exercise of this Warrant in any manner that interferes with
the timely exercise of this Warrant.

9. Availability of Information. The Company will furnish the Holder, upon
request, copies of its annual audited financial statements, as well as copies of
all of its quarterly financials as soon as they become available. The Company
will also cooperate with the Holder in supplying such information as may be
necessary for the Holder to complete and file any information reporting forms
presently or hereafter required by the Commission as a condition to the
availability of an exemption from the Securities Act for the sale or other
transfer of any Warrant Shares.

                                      -6-

<PAGE>

10. Restrictions on Transfer.

10.1. Restrictive Legends. Each stock certificate for any Warrant Shares issued
upon the exercise of this Warrant, and each stock certificate issued upon the
transfer of any such Warrant Shares (except as otherwise permitted by this
Section 10) shall be stamped or otherwise imprinted with a legend in
substantially the following form:

                  THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
                  REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
                  AMENDED, OR UNDER ANY STATE SECURITIES LAWS. SUCH SHARES MAY
                  NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION
                  OR AN EXEMPTION THEREFROM UNDER SUCH ACT AND UNDER ANY
                  APPLICABLE STATE SECURITIES LAWS.

                  Any Warrant issued in substitution for this Warrant pursuant
to Section 11, 12 or 13 and each Warrant issued upon the transfer of any Warrant
(except as otherwise permitted by this Section 10) shall be stamped or otherwise
imprinted with a legend in substantially the following form:

                  THIS WARRANT AND ANY SHARES ISSUABLE UPON THE EXERCISE HEREOF
                  HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES
                  ACT OF 1933, AS AMENDED, OR UNDER ANY STATE SECURITIES LAWS.
                  THIS WARRANT AND SUCH SHARES AND ANY INTEREST OR PARTICIPATION
                  HEREIN OR THEREIN MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED,
                  HYPOTHECATED, OR OTHERWISE TRANSFERRED IN THE ABSENCE OF AN
                  EFFECTIVE REGISTRATION THEREOF UNDER THE SECURITIES ACT OF
                  1933, AS AMENDED, AND APPLICABLE STATE SECURITIES LAWS, OR
                  UNLESS AN EXEMPTION THEREFROM IS THEN AVAILABLE. THIS WARRANT
                  AND SUCH SHARES MAY NOT BE TRANSFERRED EXCEPT UPON THE
                  CONDITIONS SPECIFIED IN THIS WARRANT, AND NO TRANSFER OF THIS
                  WARRANT OR SUCH SHARES SHALL BE VALID OR EFFECTIVE UNLESS AND
                  UNTIL SUCH CONDITIONS SHALL HAVE BEEN COMPLIED WITH.

10.2. Termination of Restrictions. The restrictions imposed by this Section 10
upon the transferability of this Warrant and the Warrant Shares shall cease and
terminate as to this Warrant and the Warrant Shares, (a) when such securities
shall have been effectively registered under the Securities Act and disposed of
in accordance with the registration statement covering such securities, or (b)
when in the reasonable opinion of counsel for the Company or upon the written
opinion of counsel for the Holder reasonably acceptable to the Company such
restrictions are no longer required in order to comply with the Securities Act.
Whenever such restrictions shall terminate as to this Warrant and the Warrant
Shares, the holder thereof shall be entitled to receive from the Company,
without expense, new certificates of like tenor not bearing the restrictive
legends set forth in Section 10.1.

                                      -7-

<PAGE>

11. Transfer of Warrant.

(a) Warrant Register. The Company shall maintain a register (the "Warrant
Register") containing the names and addresses of the Holder or Holders. Any
Holder of this Warrant or any portion thereof may change his, her or its address
as shown on the Warrant Register by providing written notice to the Company, in
accordance with Section 14, requesting such change. Until this Warrant is
transferred on the Warrant Register of the Company, the Company may treat the
Holder as shown on the Warrant Register as the absolute owner of this Warrant
for all purposes, notwithstanding any notice to the contrary.

(b) Transferability of Warrant. This Warrant may not be transferred or assigned
in whole or in part without compliance with all applicable federal and state
securities laws by the transferor and the transferee (including, if so requested
by the Company, the delivery of a legal opinion reasonably satisfactory to the
Company to that effect from the Holder's counsel). Subject to Section 10 and the
provisions of this Warrant with respect to compliance with Act and other
applicable securities laws, this Warrant and all rights hereunder may be
transferred, in whole or in part, without charge to the Holder, at the office or
agency of the Company set forth in Section 14, by the Holder or by a duly
authorized attorney of the Holder upon surrender of this Warrant with a properly
completed Form of Assignment in the form attached hereto as Annex 2 (the "Form
of Assignment"). Each Holder of this Warrant, by taking or holding the same,
consents and agrees that this Warrant, when endorsed in blank, shall be deemed
negotiable, and that the Holder, when this Warrant shall have been so endorsed,
may be treated by the Company and all other Persons dealing with this Warrant as
the absolute owner hereof for any purpose and as the Person entitled to exercise
the rights represented by this Warrant, or to the registration of transfer
hereof on the Warrant Register, until due presentment for registration of
transfer hereof on the Warrant Register.

(c) Warrants Exchangeable for Different Denominations. This Warrant is
exchangeable, upon the surrender hereof by the Holder with a properly endorsed
Form of Assignment and, subject to the provisions of this Warrant with respect
to compliance with the Securities Act and state securities laws and with the
limitations on assignments and transfers contained in this Section 11, the
Company shall issue to or on the order of the Holder a new Warrant or Warrants
of like tenor, in the name of the Holder or as the Holder may direct,
representing in the aggregate the right to purchase the number of shares that
may be purchased hereunder, each such new Warrant to represent the right to
purchase such number of shares as shall be designated by said Holder at the time
of such surrender.

(d) Compliance with Securities Laws. The Holder of this Warrant, by acceptance
hereof, acknowledges that neither this Warrant nor the Warrant Shares have been
registered under the Securities Act, and agrees not to sell, offer for sale,
pledge or otherwise transfer this Warrant or any Warrant Shares issued upon its
exercise in the absence of (i) an effective registration statement under the
Securities Act as to this Warrant or such Warrant Shares and registration or
qualification of this Warrant or such Warrant Shares under applicable U.S.
federal or state securities law then in effect, or (ii) an opinion of counsel or
other evidence, reasonably satisfactory to the Company, that such registration
and qualification are not required.

                                      -8-

<PAGE>

12. Replacement of Warrants. Upon receipt of evidence reasonably satisfactory to
the Company of the loss, theft, destruction or mutilation of this Warrant and,
in the case of any such loss, theft or destruction, upon delivery of an
indemnity agreement reasonably satisfactory in form and substance to the Company
or, in the case of any such mutilation, upon surrender and cancellation of this
Warrant, the Company at its expense shall execute and deliver, in lieu of this
Warrant, a new Warrant of like tenor and amount.

13. Certificate Rights and Obligations Survive Exercise of Warrant. The rights
and obligations of the Company contained in this Warrant shall survive the
exercise or repurchase of this Warrant to the extent that such survival is
necessary to give effect to a provision hereof.

14. Notices.

(a) All notices, requests, consents and other communications required or
permitted hereunder shall be in writing, shall be addressed to the receiving
party's address set forth below or to such other address as such party may
designate by notice hereunder, and shall be either (i) delivered by hand, (ii)
made by facsimile or other electronic transmission, (iii) sent by a recognized
overnight courier, or (iv) sent by certified mail, return receipt requested,
postage prepaid.

                   If to the Company:

                             Money Centers of America, Inc.
                             700 South Henderson Road, Suite 325
                             King of Prussia, Pennsylvania  19406
                             Attention:  Jason P. Walsh, Chief Financial Officer
                             Facsimile:  610-992-0338
                             Email:  jwalsh@moneycenters.com

                   With a copy to:

                             Klehr, Harrison, Harvey, Branzburg & Ellers LLP
                             260 S. Broad Street
                             Philadelphia, PA  19102
                             Attention:  Lawrence D. Rovin, Esquire
                             Facsimile:  215-568-6603
                             Email:  Irovin@Klehr.com

                   If to the Holder:

                             Baena Advisors, LLC
                             21 East 5th Avenue, Suite 204
                             Conshohocken, Pennsylvania  19428
                             Attention:  John K. Ziegler, Jr.
                             Facsimile No.: (610) 862-4351
                             Email:  jziegler@mfirvine.com

                                      -9-
<PAGE>

                   With a copy to:

                             Pepper Hamilton LLP
                             3000 Two Logan Square
                             18th and Arch Streets
                             Philadelphia, PA  19103
                             Attention:  Leon R. Barson, Esq.
                             Facsimile:  215-689-4692
                             Email:  barsonl@pepperlaw.com

   All notices, requests, consents and other communications hereunder shall be
deemed to have been given either (i) if by hand, at the time of the delivery
thereof to the receiving party at the address of such party set forth above,
(ii) if made by facsimile or other electronic transmission, at the time that
receipt thereof has been acknowledged by electronic confirmation or otherwise,
(iii) if sent by overnight courier, on the next Business Day following the day
such notice is delivered to the courier service, or (iv) if sent by registered
or certified mail, on the third (3rd) Business Day following the day such
mailing is made. For purposes of this Warrant, the term "Business Day" means any
day other than a Saturday or Sunday on which commercial banks located in
Philadelphia, Pennsylvania are open for the general transaction of business.

15. Amendments. Any term of this Warrant may be amended only by the written
consent of the Company and the Holder. Any amendment effected in accordance with
this Section 15 shall be binding upon the Holder and the Company. No waivers of,
or exceptions to, any term, condition or provision of this Warrant, in any one
or more instances, shall be deemed to be, or construed as, a further or
continuing waiver of or exception to any such term, condition or provision.

16. Remedies. The Company stipulates that remedies at law of the Holder in the
event of any default or threatened default by the Company in the performance of
or compliance with any of the terms of this Warrant are not and will not be
adequate, and that such terms may be specifically enforced by a decree for the
specific performance of any agreement contained herein or by an injunction
against a violation of any of the terms hereof of otherwise. If any default
under the terms of this Warrant shall occur and be continuing, the Holder may
proceed to protect and enforce its rights under this Warrant by exercising such
remedies as are available to the Holder in respect thereof under applicable law,
either by suit in equity or by action at law, or both, whether for specific
performance of any covenant or other agreement contained in this Warrant or in
aid of the exercise of any power granted in this Warrant. No remedy conferred in
this Warrant upon the Holder is intended to be exclusive of any other remedy
available to such Holder, and each and every such remedy shall be cumulative and
shall be in addition to every other remedy conferred herein or now or hereafter
existing at law or in equity or by statute or otherwise.

                                      -10-

<PAGE>

17. Governing Law. THIS WARRANT AND THE RIGHTS GRANTED HEREIN SHALL BE GOVERNED
BY AND CONSTRUED AND ENFORCED UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA
WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICT OF LAW PROVISION OR RULE
(WHETHER OF THE COMMONWEALTH OF PENNSYLVANIA OR OTHERWISE) THAT WOULD CAUSE THE
APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE COMMONWEALTH OF
PENNSYLVANIA. THE COMPANY HEREBY AGREES NOT TO COMMENCE ANY SUIT, ACTION OR
OTHER PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT EXCEPT IN THE
RELEVANT ABOVE-NAMED COURTS AND HEREBY WAIVES, AND AGREES NOT TO ASSERT, BY WAY
OF MOTION, AS A DEFENSE, OR OTHERWISE, IN ANY SUCH SUIT, ACTION OR PROCEEDING,
ANY CLAIM THAT IT IS NOT SUBJECT PERSONALLY TO THE JURISDICTION OF THE RELEVANT
ABOVE-NAMED COURTS, THAT ITS PROPERTY IS EXEMPT OR IMMUNE FROM ATTACHMENT OR
EXECUTION, THAT SUCH SUIT, ACTION OR PROCEEDING IS BROUGHT IN AN INCONVENIENT
FORUM, THAT THE VENUE OF SUCH SUIT, ACTION OR PROCEEDING IS IMPROPER OR THAT
THIS WARRANT OR THE SUBJECT MATTER HEREOF MAY NOT BE ENFORCED IN OR BY SUCH
COURT. BY EXECUTION AND DELIVERY OF THIS WARRANT, THE COMPANY ACCEPTS THE
EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS AND IRREVOCABLY AGREES TO BE
BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS WARRANT. IF ANY
ACTION IS COMMENCED IN ANY OTHER JURISDICTION, THE COMPANY HEREBY CONSENTS TO
THE REMOVAL OF SUCH ACTION TO THE STATE COURTS OF THE COMMONWEALTH OF
PENNSYLVANIA OR THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF
PENNSYLVANIA. THE COMPANY HEREBY IRREVOCABLY CONSENTS TO THE SERVICE OF ANY
PROCESS THAT MAY BE SERVED IN ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS WARRANT IN THE STATE COURTS OF THE COMMONWEALTH OF PENNSYLVANIA
OR THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA AS
IS SPECIFIED IN THIS SECTION 17 BY MAILING BY CERTIFIED OR REGISTERED MAIL
COPIES OF SUCH PROCESS TO THE COMPANY AT ITS ADDRESS FOR RECEIVING NOTICE
PURSUANT TO SECTION 14 HEREOF. NOTHING HEREIN SHALL PRECLUDE SERVICE OF PROCESS
BY ANY OTHER MEANS PERMITTED BY LAW.

18. Withholding Taxes. (a) The Company covenants that, except as required by
law, it will not withhold United States withholding taxes from payments to be
made to the Holder if such Holder (i) is a corporation organized under the laws
of a jurisdiction outside the United States or is otherwise a Person not
resident in the United States for United States federal income tax purposes, and
(ii) provides the Company, upon the Company's reasonable request, with Internal
Revenue Service Form W-8, Form 4224, Form 1001 or other applicable form,
certificate or document prescribed by the Internal Revenue Service certifying as
to such Holder's entitlement to an exemption from any such withholding
requirements.

                                      -11-

<PAGE>

(b) The Company further covenants that, except as required by law, it will not
withhold United States withholding taxes from payments to be made to the Holder
in excess of an applicable treaty rate under an income tax treaty between the
United States and the Holder's country of tax residence if such Holder (i) is a
corporation organized under the laws of a jurisdiction outside the United States
or is otherwise a Person not resident in the United States for United States
federal income tax purposes, and (ii) provides the Company, upon the Company's
reasonable request, with Internal Revenue Service Form 1001 or other applicable
form, certificate or document prescribed by the Internal Revenue Service
certifying as to such Holder's entitlement to a reduced rate of withholding
under any such withholding requirements.

(c) Neither Section 18(a) nor Section 18(b) shall require the Company to apply
an exemption or reduced rate of withholding during any period when it shall have
received notice or has actual knowledge that the residence information
previously provided on any applicable form, certificate or document is incorrect
and no corrected form, certificate or document as applicable has been provided
to the Company.

                  IN WITNESS WHEREOF, Money Centers of America, Inc. has caused
this Warrant to be executed by its duly authorized officer as of the date first
written above.

WITNESS:                                  MONEY CENTERS OF AMERICA, INC.

____________________________              By: ____________________________(SEAL)
                                              Jason P. Walsh
                                              Chief Financial Officer

<PAGE>

                                                                         Annex 1

                           NOTICE OF WARRANT EXERCISE

[To be executed only upon exercise of Warrant]

To:      MONEY CENTERS OF AMERICA, INC.

1. The undersigned hereby elects to purchase ______ shares of the Common Stock
of MONEY CENTERS OF AMERICA, INC. (the "Company") pursuant to the terms of the
attached Warrant (the "Warrant"), and herewith makes payment in the amount of
$_________, such payment being (i) in cash, (ii) by certified or official bank
check payable to the order of the Company or (iii) by wire transfer of funds to
a bank account designated by the Company for such transfer.

2. The undersigned hereby surrenders the Warrant and all right, title and
interest therein (except as to any unexercised portion thereof) to the Company
and directs that the shares of Common Stock deliverable upon this exercise of
the Warrant be registered on the books of the Company in the name specified
below and that a certificate or certificates representing such shares be issued
to such person as is specified below at the address specified below and
delivered thereto and that such person be paid any cash payable for any
fractional share:

          Name                  Address                            No. of Shares

3. The undersigned hereby directs that the Company issue a new warrant for the
unexercised portion of the Warrant in the name of the undersigned and/or, if the
undersigned has completed a Form of Assignment in the form attached as Annex 2
to the Warrant, in such other names and amounts as are specified in such Form of
Assignment.

4. In exercising this Warrant, the undersigned hereby confirms and acknowledges
that the shares of Common Stock being purchased pursuant to this Notice of
Warrant Exercise are being acquired solely for the account of the undersigned
and not as a nominee for any other person, and for investment, and that the
undersigned shall not offer, sell or otherwise dispose of any such shares of
Common Stock except under circumstances that will not result in a violation of
the Securities Act of 1933, as amended, or any state securities laws.

Dated:  ___________ 20__               Holder:__________________________________

                                       By: ___________________________________
                                         Name:
                                         Title:

<PAGE>

                                                                         Annex 2

                               FORM OF ASSIGNMENT

                  FOR VALUE RECEIVED the undersigned registered holder of the
attached Warrant (the "Warrant") hereby sells, assigns, and transfers unto the
Assignee(s) named below all of the right of the undersigned under the Warrant,
with respect to the number of shares of Common Stock set forth below:

                                   Social security or other
   Name(s) of                        identifying number of
   Assignee(s)          Address           Assignee (s)          Number of Shares
------------------- --------------- ------------------------- ------------------
------------------- --------------- ------------------------- ------------------
------------------- --------------- ------------------------- ------------------
------------------- --------------- ------------------------- ------------------

and does hereby irrevocably constitute and appoint the undersigned's attorney to
make such transfer on the Warrant Register of MONEY CENTERS OF AMERICA, INC.
maintained for that purpose, with full power of substitution in the premises.

                  Please issue a new warrant to the above referenced name(s)
with respect to the number of shares as specified above and, if applicable, for
the untransferred portion of the Warrant in the name of the undersigned.

Dated: ___________ 20__                Holder: _________________________________

                                       By: _______________________________
                                       Name:
                                       Title:

                          [Continued on the Next Page]

<PAGE>

                  The undersigned assignee (the "Assignee") represents that, by
assignment hereof, the Assignee acknowledges that this Warrant and the shares of
Common Stock to be issued upon exercise hereof are being acquired for investment
and that the Assignee shall not offer, sell or otherwise dispose of this Warrant
or any shares of stock to be issued upon exercise hereof except under
circumstances that will not result in a violation of the Securities Act of 1933,
as amended, or any state securities laws. Further, the Assignee has acknowledged
that upon exercise of this Warrant, the Assignee shall, if requested by the
Company, confirm in writing, in a form satisfactory to the Company, that the
shares of stock so purchased are being acquired for investment and not with a
view toward distribution or resale.

Dated: ____________ 20__                Assignee: ______________________________

                                        By: __________________________________
                                        Name:
                                        Title:Exihibit 10.1

                          CREDIT AND SECURITY AGREEMENT
                                 BY AND BETWEEN
                               BAENA ADVISORS, LLC
                                       AND
                         MONEY CENTERS OF AMERICA, INC.

                                DECEMBER 28, 2006

<PAGE>

TABLE OF CONTENTS

Article 1 DEFINITIONS.......................................................2

   1.1. Definitions.........................................................2

Article 2 THE LOANS.........................................................7

   2.1. The Loan............................................................7
   2.2. Payment Provisions..................................................8
   2.3. Late Payments; Default Rate.........................................8
   2.4. Loan Fee............................................................8
   2.5. Taxes...............................................................9

Article 3 REPRESENTATIONS AND WARRANTIES....................................9

   3.1. Organization and Good Standing......................................9
   3.2. Power and Authority; Validity of Agreement.........................10
   3.3. No Violation of Laws or Agreements.................................10
   3.4. Compliance.........................................................10
   3.5. Litigation.........................................................10
   3.6. Title to Assets....................................................11
   3.7. Ownership..........................................................11
   3.8. Accuracy of Information; Full Disclosure...........................11
   3.9. Taxes and Assessments..............................................11
   3.10. Indebtedness......................................................11
   3.11. ERISA.............................................................12
   3.12. Books and Records.................................................12
   3.13. Location of Collateral............................................12
   3.14. Places of Business................................................13
   3.15. Other Name or Entities............................................13
   3.16. Title and Liens...................................................13
   3.17. Fees and Commissions..............................................13
   3.18. No Extension of Credit for Securities.............................13
   3.19. Hazardous Wastes, Substances and Petroleum Products...............13
   3.20. Solvency..........................................................14

Article 4 CONDITIONS.......................................................14

   4.1. Initial Conditions.................................................14

Article 5 AFFIRMATIVE COVENANTS............................................15

   5.1. Existence and Good Standing........................................15
   5.2. Borrowing Base.....................................................15
   5.3. Notification of Account Debtors....................................16

                                       -i-
<PAGE>

   5.4. Books and Records..................................................16
   5.5. Insurance..........................................................16
   5.6. Litigation; Event of Default.......................................16
   5.7. Taxes..............................................................17
   5.8. Costs and Expenses.................................................17
   5.9. Compliance; Notification...........................................17
   5.10. ERISA.............................................................18
   5.11. Condition of Collateral; No Liens.................................18
   5.12. Records...........................................................18
   5.13. Further Assistance................................................18
   5.14. Transactions Among Affiliates.....................................18
   5.15. Acquired Property.................................................19
   5.16. Other Information.................................................19

Article 6 NEGATIVE COVENANTS...............................................19

   6.1. Indebtedness.......................................................19
   6.2. Guaranties.........................................................19
   6.3. Loans..............................................................19
   6.4. Liens and Encumbrances.............................................19
   6.5. Additional Negative Pledge.........................................20
   6.6. Transfer of Assets; Liquidation....................................20
   6.7. Acquisitions and Investments.......................................20
   6.8. Changes............................................................20
   6.9. Dividends and Other Distributions..................................20
   6.10. Executive Bonuses.................................................21
   6.11. Modification of Governing Documents...............................21
   6.12. Change of Location or Name........................................21
   6.13. Change of Accounting Practices....................................21
   6.14. Leases............................................................21
   6.15. Inconsistent Agreement............................................21
   6.16. Bank Accounts.....................................................21
   6.17. Cash Management System............................................21

Article 7 SECURITY AND RIGHT OF SET OFF....................................22

   7.1. Security Agreement.................................................22
   7.2. Additional Collateral..............................................22
   7.3. Right of Set-off...................................................22

Article 8 DEFAULT..........................................................22

   8.1. Events of Default..................................................22
   8.2. Remedies...........................................................24
   8.3. Powers of Attorney.................................................24
   8.4. Specific Rights Regarding Collateral...............................25

                                      -ii-

<PAGE>

Article 9 MISCELLANEOUS....................................................27

   9.1. Indemnification and Release Provisions.............................27
   9.2. Binding and Governing Law..........................................27
   9.3. Survival...........................................................27
   9.4. No Waiver; Delay...................................................27
   9.5. Modification; Waiver...............................................28
   9.6. Headings...........................................................28
   9.7. Notices............................................................28
   9.8. Time of Day........................................................28
   9.9. Severability.......................................................28
   9.10. Counterparts......................................................29
   9.11. Consent to Jurisdiction and Service of Process....................29
   9.12. Preservation and Limitation of Remedies...........................29
   9.13. WAIVER OF JURY TRIAL..............................................29
   9.14. ACKNOWLEDGMENTS...................................................30

                                     -iii-
<PAGE>

THIS CREDIT AND SECURITY  AGREEMENT AND THE  INDEBTEDNESS  EVIDENCED  HEREBY ARE
SUBJECT TO THE INTERCREDITOR  AND SUBORDINATION  AGREEMENT OF EVEN DATE HEREWITH
BETWEEN MERCANTILE CAPITAL,  L.P. AND BAENA ADVISORS,  LLC. WITHOUT LIMITING THE
GENERALITY OF THE FOREGOING,  THE TRANSFER OF THIS CREDIT AND SECURITY AGREEMENT
IS SUBJECT TO CERTAIN RESTRICTIONS SET FORTH THEREIN.

                          CREDIT AND SECURITY AGREEMENT

                  THIS CREDIT AND SECURITY AGREEMENT is made this 28th day of
December, 2006, by and between MONEY CENTERS OF AMERICA, INC., a Delaware
corporation (the "Borrower"), and BAENA ADVISORS, LLC, a Delaware limited
liability company ("Lender").

                                   BACKGROUND

A. Borrower desires to borrow from Lender $4,750,000.00 (the "Loan"); and

B. Lender is willing to make the Loan to the Borrower, subject to the terms and
conditions hereof.

                  In consideration of the foregoing background and the promises
and the agreements hereinafter set forth, and intending to be legally bound
hereby, the parties hereto agree, under seal, as follows:

                                    ARTICLE 1
                                   DEFINITIONS

1.1. Definitions. When used in this Agreement, the following terms shall have
the respective meanings set forth below.

                  "Affiliate" means: (i) any person who or entity which directly
or indirectly owns, controls or holds five percent (5%) or more of the
outstanding beneficial interest in a Borrower; (ii) any entity of which five
percent (5%) or more of the outstanding beneficial interest is directly or
indirectly owned, controlled, or held by a Borrower; (iii) any entity which
directly or indirectly is under common control with a Borrower; (iv) any
officer, director or partner of a Borrower or any Affiliate; or (v) any
immediate family member of any person who is an Affiliate. For purposes of this
definition, "control" means the possession, directly or indirectly, of the power
to direct or cause the direction of the management and policies of an entity,
whether through the ownership of voting securities, by contract, or otherwise.

                  "Agreement" means this Credit and Security Agreement and all
exhibits and schedules hereto, as each may be amended from time to time.

<PAGE>

                  "Applicable Margin" means thirteen percent (13%).

                  "Authorized Representative" means Jason P. Walsh, Christopher
M. Wolfington and such other person or persons designated in writing by a
Borrower as Authorized Representatives.

                  "Blocked Accounts" has the meaning ascribed to such term in
the definition of Pledge Agreement.

                  "Bonus Availability Date" has the meaning ascribed to such
term in Section 6.10.

                  "Borrower" has the meaning ascribed to such term in the first
paragraph of this Agreement.

                  "Borrowing Base" has the meaning ascribed to such term in
Section 5.2.

                  "Borrowing Base Certificate" has the meaning ascribed to such
term in Section 5.2.

                  "Business Day" means any day that is neither a Saturday or
Sunday nor a legal holiday that commercial banks are authorized or required to
be closed in Philadelphia, Pennsylvania.

                  "Code" means the Internal Revenue Code of 1986, as amended
from time to time, and all rules and regulations with respect thereto in effect
from time to time.

                  "Collateral" means all property, real, personal or mixed, of
Borrower or in which Borrower has an interest, wherever located and whether now
existing or hereafter created and whether now owned or hereafter acquired by
Borrower including, without limitation: (i) Accounts (as defined in the UCC);
(ii) Chattel Paper (as defined in the UCC); (iii) Contracts (as defined in the
UCC); (iv) Documents (as defined in the UCC); (v) Equipment (as defined in the
UCC); (vi) Inventory (as defined in the UCC); (vii) General Intangibles (as
defined in the UCC); (viii) Fixtures (as defined in the UCC); and (ix)
Instruments (as defined in the UCC), together with all proceeds and products
thereof..

                  "Default" means an event, condition or circumstance the
occurrence of which would, with the giving of notice or the passage of time or
both, constitute an Event of Default.

                  "Default Rate" has the meaning ascribed to such term in
Section 2.3.

                  "Deficient Borrowing Base Certificate" has the meaning
ascribed to such term in Section 5.2.

                  "Environmental Control Statutes" means any federal, state,
county, regional or local laws governing the control, storage, removal, spill,
release or discharge of Hazardous Substances, including without limitation the
Comprehensive Environmental Response, Compensation, and Liability Act of 1980,
as amended by the Superfund Amendments and Reauthorization Act of 1986
("CERCLA"), the Solid Waste Disposal Act, as amended by the Resource
Conservation and Recovery Act of 1976 and the Hazardous and Solid Waste
Amendments of 1984, the Federal Water Pollution Control Act, as amended by the
Clean Water Act of 1976, the Hazardous Materials Transportation Act, the
Emergency ERISA Planning and Community Right to Know Act of 1986, the National
Environmental Policy Act of 1975, the Oil Pollution Act of 1990, any similar or
implementing state law, and in each case, as amended from time to time, and all
rules and regulations with respect thereto in effect from time to time.

<PAGE>

                  "EPA" means the United States Environmental Protection Agency,
or any successor thereto.

                  "ERISA" means the Employee Retirement Income Security Act of
1974, as amended from time to time, any successor statute of similar import, and
all rules and regulations with respect thereto in effect from time to time.

                  "ERISA Affiliate" means, any person that is a member of any
group or organization within the meaning of Code Sections 414(b), (c), (m) or
(o) of which Borrower is a member.

                  "ERISA Plan" means any pension benefit or welfare benefit plan
as defined in Sections 3(1), (2) or (3) of ERISA maintained or sponsored by,
contributed to, or covering employees of, Borrower or any ERISA Affiliate.

                  "Event of Default" means an event described in Section 8.1
hereof.

                  "Financing Statements" has the meaning ascribed to such term
in Section 4.1(d).

                  "GAAP" means generally accepted accounting principles set
forth in the Opinions of the Accounting Principles Board of the American
Institute of Certified Public Accountants and in statements of the Financial
Accounting Standards Board and in such other statements by such other entity as
Lender may reasonably approve, which are applicable in the circumstances as of
the date in question; and such principles observed in a current period shall be
comparable in all material respects to those applied in a preceding period.
Except as otherwise provided herein, financial and accounting terms used in the
foregoing definitions or elsewhere in this Agreement, shall be defined in
accordance with GAAP.

                  "Governmental Authority" means any government or political
subdivision or any agency, authority, bureau, central bank, commission,
department or instrumentality of either, or any court, tribunal, grand jury or
arbitrator, in each case whether foreign or domestic.

                  "Government Approvals" means all necessary approvals from
governmental or quasi-governmental authorities having jurisdiction, including,
but not limited to, street openings or closings, zoning and use and occupancy
permits, sewer permits, environmental permits and approvals, building permits,
highway occupancy permits, subdivision and land development approvals and
approvals of fire underwriters.

<PAGE>

                  "Guarantor" means jointly and severally, Christopher M.
Wolfington and Darlene M. Wolfington, each an individual.

                  "Guaranty" means the guaranty and suretyship agreements
required to be executed and delivered by each Guarantor pursuant to Section
4.1(e) hereof.

                  "Hazardous Substance" means petroleum products and items
defined in the Environmental Control Statutes as "hazardous substances",
"hazardous wastes", "pollutants" or "contaminants" and any other toxic,
reactive, corrosive, carcinogenic, flammable or hazardous substance or other
pollutant.

                  "Indebtedness" of any person means and includes all
obligations of such person which, in accordance with GAAP, shall be classified
on a balance sheet of such person as liabilities of such person and in any event
shall include all (i) obligations of such person for borrowed money or which
have been incurred in connection with acquisition of property or assets, (ii)
obligations secured by any lien upon property or assets owned by such person,
notwithstanding that such person has not assumed or become liable for the
payment of such obligations, (iii) obligations created or arising under any
conditional sale or other title retention agreement with respect to property
acquired by such person, notwithstanding the fact that the rights and remedies
of the seller, lender or lessor under such agreement in the event of default are
limited to repossession or sale of property, (iv) capitalized leases, (v)
guarantees and (vi) letters of credit and letter of credit reimbursement
obligations.

                  "Interest Period" means initially, the period commencing as of
the date of this Agreement (the "Start Date") and ending on the last day of the
same calendar month, and thereafter each one month period ending on the last day
of a calendar month.

                  "Late Charge" has the meaning ascribed to such term in Section
2.3.

                  "Lender" has the meaning ascribed to such term in the first
paragraph of this Agreement.

                  "LIBOR Rate" means relative to any Interest Period, the
offered rate for delivery in two London Banking Days (as defined below) of
deposits of U.S. Dollars which the British Bankers' Association fixes as its
LIBOR rate and which appears on the Telerate Page 3750 as of 11:00 a.m. London
time on the day on which the Interest Period commences, and for a period
approximately equal to such Interest Period (i.e., the "30-day" LIBOR Rate). If
the first day of any Interest Period is not a day which is both a (i) Business
Day, and (ii) a day on which US dollar deposits are transacted in the London
interbank market (a "London Banking Day"), the LIBOR Rate shall be determined in
reference to the next preceding day which is both a Business Day and a London
Banking Day. If for any reason the LIBOR Rate is unavailable and/or the Lender
is unable to determine the LIBOR Rate for any Interest Period, the Loan shall
accrue interest at the Prime Rate.

<PAGE>

                  "Loan Documents" means this Agreement, the Note, the Financing
Statements, Pledge Agreement, Stock Pledge Agreement, Warrant Agreements and any
other agreements, documents, instruments and writings now or hereafter existing,
creating, evidencing, guarantying, security or relating to any liabilities of
Borrower to Lender together with all amendments, modifications, renewals or
extensions thereof.

                  "Loan Fee" has the meaning ascribed to such term in Section
2.4.

                  "Loan" has the meaning ascribed to such term in the Background
of this Agreement.

                  "Local Authorities" means individually and collectively the
state and local governmental authorities and administrative agencies which
govern the commercial or industrial facilities owned or operated by Borrower.

                  "Material Adverse Effect" means either singly or in the
aggregate, a material adverse effect on the business, financial condition or
prospects of Borrower as a result of any condition, circumstance or contingency.

                  "Mercantile" means Mercantile Capital, L.P.

                  "Mercantile Facility" means that certain $2,500,000 credit
facility from Mercantile to the Borrower of even date herewith.

                  "Note" means that certain promissory note dated of even date
herewith from Borrower in favor of Lender in the amount of $4,750,000,
evidencing the Loan.

                  "Other Taxes" has the meaning ascribed to such term in Section
2.5.

                  "PBGC" means the Pension Benefit Guaranty Corporation, or any
successor thereto.

                  "Pledge Agreement" means that certain pledge agreement from
Borrower in favor of Lender dated of even date herewith, in which certain
accounts (collectively, the "Blocked Accounts") are pledged to Lender.

                  "Prime Rate" means the annual interest rate publicly announced
in the Wall Street Journal from time to time as the prime rate. If and when the
Prime Rate changes, the rate of interest with respect to any amounts hereunder
to which the Prime Rate applies will change automatically without notice to
Borrower, effective on the date of any such change.

                  "Release" means any spill, leak, emission, discharge or the
pumping, pouring, emptying, disposing, injecting, escaping, leaching or dumping
of a Hazardous Substance.

                  "Stock Pledge Agreement" means that certain stock pledge
agreement from Christopher M. Wolfington in favor of Lender dated of even date
herewith.

                  "Subordinated Debt" means all Indebtedness which has been
formally subordinated to payment and collection of the Loan.

                  "Taxes" has the meaning ascribed to such term in Section 2.5.

                  "UCC" means the Uniform Commercial Code as in effect from time
to time in the state or commonwealth in which the Collateral is located.

                  "Warrant Agreements" means, collectively, those warrant
agreements from Borrower in favor of Lender, each dated of even date hereof.

<PAGE>

                                    ARTICLE 2
                                    THE LOANS

2.1. The Loan.

(a) Advance. On the date hereof, Lender shall advance one hundred percent (100%)
of the Loan proceeds to Borrower.

(b) Note. The Indebtedness of the Borrower to Lender under the Loan will be
evidenced by the Note.

(c) Use of Proceeds. The proceeds of the Loan shall be used solely for purposes
set forth on Schedule 2.1(c) hereto and made a part hereof.

(d) Interest. Interest on the outstanding principal amount of the Loan shall
accrue at a rate per annum equal to the LIBOR Rate for such Interest Period plus
the Applicable Margin.

(e) Payments. Following the end of each Interest Period, Lender shall provide
Borrower with written notice of the accrued interest on the outstanding
principal balance of the Loan for such Interest Period, setting forth the
calculation in sufficient detail for Borrower to verify the calculation. A
payment shall be made equal to such accrued interest on the outstanding
principal balance of the Loan within five (5) days following Borrower's receipt
of such notice. The entire unpaid principal amount of the Loan, together with
accrued and unpaid interest thereon and all other amounts payable hereunder in
connection with the Loan, shall be due and payable in full on February 28, 2009;
provided, however, so long as no Event of Default or event which with the giving
of notice or lapse of time, or both, would constitute an Event of Default has
occurred, the Lender may, in its sole discretion, extend the term of the Loan
until February 28, 2011. Notwithstanding anything contained herein to the
contrary, the Lender's failure to provide any such notice shall not eliminate
the Borrower's obligation to pay accrued interest on the Loan.

(f) Prepayment. The principal amount of the Loan may be prepaid in whole or in
part at any time, and from time to time, without premium or penalty. Any
prepayment shall include accrued and unpaid interest to the date of the
prepayment on the principal amount prepaid and all other sums due and payable
hereunder.

<PAGE>

2.2. Payment Provisions.

(a) All payments of principal, interest, fees and other amounts due under the
Loan, including any prepayments thereof, shall be made by the Borrower to Lender
in immediately available funds before twelve o'clock (12:00) noon on any
Business Day at the principal office of Lender set forth at Section 9.7 of this
Agreement.

(b) If any payment under this Agreement or the Note shall become due on a day
other than a Business Day, such payment shall be due on the next succeeding
Business Day and such extension of time shall be included in computing interest
in connection with such payment.

(c) Payments received will be applied first to charges, fees and expenses
(including attorneys' fees), then accrued interest and finally principal.

2.3. Late Payments; Default Rate. If Borrower fails to make any payment of
principal, interest or other amount coming due pursuant to the provisions of
this Agreement or any Note within ten (10) calendar days of the date due and
payable, the Borrower also shall pay to the Lender a late charge equal to five
percent (5.0%) of the amount of such payment (the "Late Charge"). Such ten (10)
day period shall not be construed in any way to extend the due date of any such
payment. Upon maturity, whether by acceleration, demand or otherwise, and at the
Lender's option upon the occurrence of any Event of Default (as hereinafter
defined) and during the continuance thereof, the applicable Note shall bear
interest at a rate that shall be five percentage points (5.0%) in excess of the
interest rate in effect from time to time under this Agreement or the applicable
Note but not more than the maximum rate allowed by law (the "Default Rate"). The
Default Rate shall continue to apply whether or not judgment shall be entered on
the applicable Note. Both the Late Charge and the Default Rate are imposed as
liquidated damages for the purpose of defraying the Lender's expenses incident
to the handling of delinquent payments, but are in addition to, and not in lieu
of, the Lender's exercise of any rights and remedies hereunder, under the other
Loan Documents or under applicable law, and any fees and expenses of any agents
or attorneys which the Lender may employ. In addition, the Default Rate reflects
the increased risk to the Lender of carrying a loan that is in default. The
Borrower agrees that the Late Charge and Default Rate are reasonable forecasts
of just compensation for anticipated and actual harm incurred by the Lender, and
that the actual harm incurred by the Lender cannot be estimated with certainty
and without difficulty.

2.4. Loan Fee. Borrower shall pay to Lender a loan fee for the Loan in the
amount of $3,000 per month (the "Loan Fee"), which Loan Fee shall be payable on
the date hereof and on the first day of each consecutive month thereafter. The
Loan Fee shall be in addition to the interest and any and all other amounts that
Borrower is required to pay under the Loan Documents.

<PAGE>

2.5. Taxes.

(a) Any and all payments by the Borrower hereunder or under the Note shall be
made free and clear of and without deduction for any and all present or future
taxes, levies, imposts, deductions, charges or withholdings, and all liabilities
with respect thereto, excluding, in the case of the Lender, taxes imposed on its
income, and franchise and similar taxes (all such non-excluded taxes, levies,
imposts, deductions, charges, withholdings and liabilities being hereinafter
referred to as "Taxes"). If Borrower shall be required by law to deduct any
Taxes from or in respect of any sum payable hereunder or under any Note to the
Lender, (i) the sum payable shall be increased as may be necessary so that after
making all required deductions (including deductions applicable to additional
sums payable under this Section 2.5) the Lender receives an amount equal to the
sum it would have received had no such deductions been made, (ii) the Borrower
shall make such deductions and (iii) the Borrower shall pay the full amount
deducted to the relevant taxation authority or other authority in accordance
with applicable law.

(b) In addition, Borrower agrees to pay any present or future stamp documentary
taxes or any other excise or property taxes, charges or similar levies which
arise from any payment made hereunder or under any Note or from the execution,
delivery or registration of, or otherwise with respect to, this Agreement or any
Note (hereinafter referred to as "Other Taxes").

(c) Borrower will indemnify the Lender for the full amount of Taxes or Other
Taxes (including, without limitation, any Taxes or Other Taxes imposed by any
jurisdiction on amounts payable under this Section 2.5) paid by the Lender and
any liability (including penalties, interest and expenses) arising therefrom or
with respect thereto. This indemnification shall be made within 30 days from the
date the Lender makes written demand therefor.

(d) Within 30 days after the date of any payment of Taxes, Borrower will furnish
to the Lender, at its address referred to in Section 9.7, the original or a
certified copy of a receipt evidencing payment thereof.

                                   ARTICLE 3
                         REPRESENTATIONS AND WARRANTIES

                  Borrower represents and warrants as applicable, as follows:

3.1. Organization and Good Standing. Borrower is duly organized and existing and
in good standing, under the laws of the State of Delaware, has the power and
authority to carry on its business as now conducted, and is qualified to do
business in all other states in which the nature of its business or the
ownership of its properties requires such qualification.

3.2. Power and Authority; Validity of Agreement. Borrower has the power and
authority under Delaware law and under its certificate of incorporation and
by-laws to enter into and perform this Agreement, the Note, the other Loan
Documents and all other agreements, documents and actions required hereunder;
and all actions (corporate or otherwise) necessary or appropriate for Borrower's
execution and performance of this Agreement, the Note, and the other Loan
Documents and actions required hereunder have been taken, and, upon their
execution, the same will constitute the valid and binding obligations of
Borrower to the extent it is a party thereto, enforceable in accordance with
their terms.

<PAGE>

3.3. No Violation of Laws or Agreements. The making and performance of this
Agreement, the Note, and the other Loan Documents and actions required of
Borrower hereunder will not violate any provisions of any law or regulation,
federal, state or local, or the certificate of incorporation and by-laws of
Borrower or result in any breach or violation of, or constitute a default under,
any agreement or instruments by which Borrower or its property may be bound,
which would result in a Material Adverse Effect.

3.4. Compliance. Borrower is in compliance in all material respects with all
applicable laws and regulations, federal, state and local (including without
limitation those administered by the Local Authorities), material to the conduct
of its business and operations; Borrower possesses all the franchises, permits,
licenses, certificates of compliance and approval and grants of authority
necessary or required in the conduct of its business(es), and the same are
valid, binding, enforceable and subsisting without any defaults thereunder or
enforceable adverse limitations thereon and are not subject to any proceedings
or claims opposing the issuance, development or use thereof or contesting the
validity thereof; and no authorization, consent, approval, waiver, license or
formal exemptions from, nor any filing, declaration or registration with, any
court or consents, governmental agency or regulatory authority (federal, state
or local) or non-governmental entity, under the terms of contracts or otherwise,
is required by reason of or in connection with Borrower's execution and
performance of this Agreement, the Note, and other Loan Documents and actions
required hereunder.

3.5. Litigation. There are no actions, suits, proceedings or claims which are
pending or, to Borrower's knowledge or information, threatened against Borrower,
which, if adversely resolved, would have a Material Adverse Effect.

3.6. Title to Assets. Borrower has good and marketable title to all of its
properties and assets free and clear of any liens and encumbrances, except the
security interests granted to Lender hereunder and under the Loan Documents and
as set forth on Schedule 3.6 attached hereto and made a part hereof, and all
such assets are in good order and repair and fully covered by the insurance
required under Section 5.5 hereof.

3.7. Ownership. The shares of the capital stock of Borrower are validly issued,
fully paid and non-assessable, and the issuance and sale thereof are in
compliance with all applicable federal and state securities and other applicable
laws; and the shareholders' ownership thereof is free and clear of any liens or
encumbrances or other contractual restrictions.

<PAGE>

3.8. Accuracy of Information; Full Disclosure.

(a) All annual and quarterly financial statements of Borrower furnished to
Lender have been prepared in accordance with GAAP (subject, the case of
quarterly statements, to year-end adjustments) and fairly present the financial
condition of Borrower as of the dates and for the periods covered and discloses
all material liabilities of Borrower and there has been no material adverse
change in the financial condition or business of Borrower from the date of such
statements to the date hereof; and

(b) All financial statements and other documents furnished by Borrower to the
Lender in connection with this Agreement and the Note do not contain any untrue
statement of material fact or omit to state a material fact necessary in order
to make the statements contained therein not misleading. Borrower has disclosed
to the Lender in writing any and all facts of which Borrower has knowledge that
materially and adversely affect the business, properties, operations or
condition, financial or otherwise, of Borrower or Borrower's ability to perform
its obligations under this Agreement and the Note.

3.9. Taxes and Assessments. (a) Borrower has filed all required tax returns or
has filed for extensions of time for the filing thereof, and has paid all
applicable federal, state and local taxes, other than taxes not yet due or which
may be paid hereafter without penalty; provided that no such taxes shall be
required to be paid if they are being contested in good faith by appropriate
proceedings and are covered by appropriate reserves maintained in cash or cash
equivalents and prepared in accordance with GAAP and (b) Borrower has no
knowledge of any deficiency or additional assessment in connection therewith not
provided for in the financial statements required hereunder.

3.10. Indebtedness. Borrower does not have any presently outstanding
indebtedness or obligations including contingent obligations and obligations
under leases of property from others, except as set forth on Schedule 3.10
attached hereto and made a part hereof.

3.11. ERISA. Borrower and each ERISA Affiliate is in compliance in all
material respects with all applicable provisions of ERISA and the regulations
promulgated thereunder; and,

(a) Neither Borrower nor any ERISA Affiliate maintains or contributes to or has
maintained or contributed to any multiemployer plan (as defined in Section 4001
of ERISA) under which Borrower or any ERISA Affiliate could have any withdrawal
liability;

(b) Neither Borrower nor any ERISA Affiliate, sponsors or maintains any ERISA
Plan under which there is an accumulated funding deficiency within the meaning
of ss.412 of the Code, whether or not waived;

<PAGE>

(c) The aggregate liability for accrued benefits and other ancillary benefits
under each ERISA Plan that is or will be sponsored or maintained by Borrower or
any ERISA Affiliate (determined on the basis of the actuarial assumptions
prescribed for valuing benefits under terminating single-employer defined
benefit plans under Title IV of ERISA) does not exceed the aggregate fair market
value of the assets under each such defined benefit pension ERISA Plan;

(d) The aggregate liability of Borrower and each ERISA Affiliate arising out of
or relating to a failure of any ERISA Plan to comply with the provisions of
ERISA or the Code will not have a Material Adverse Effect on Borrower; and

(e) There does not exist any unfunded liability (determined on the basis of
actuarial assumptions utilized by the actuary for the plan in preparing the most
recent Annual Report) of Borrower or ERISA Affiliate under any plan, program or
arrangement providing post-retirement life or health benefits.

3.12. Books and Records.   Borrower maintains its books and records relative to
the Collateral at its address first set forth above.

3.13. Location of Collateral. None of the Inventory, Equipment or other
tangible property constituting part of the Collateral is or will be, or has been
during the six months preceding execution of this Agreement, located in or on
any premises other than those addresses set forth on Schedule 3.13 attached
hereto and made a part hereof.

3.14. Places of Business. The only places of business of Borrower are
set forth in Schedule 3.13 attached hereto and made a part hereof.

3.15. Other Name or Entities. Except as set forth on Schedule 3.15
attached hereto and made a part hereof, none of Borrower's business is conducted
through any corporate subsidiary, unincorporated association or other entity and
Borrower has not, within the seven years preceding the date of this Agreement
(a) changed its name, (b) used any name other than the name stated at the
beginning of this Agreement, or (c) merged or consolidated with, or acquired the
assets of, any corporation or other business.

3.16. Title and Liens. Borrower has good and marketable title to all of
the Collateral as sole owner or lessor thereof, as appropriate, free and clear
of any mortgage, security interest, assignment, pledge, hypothecation, or other
lien or encumbrance, except the (a) security interests disclosed on Schedule 3.6
and made a part hereof, (b) security interests permitted by this Agreement and
(c) security interests and mortgages in favor of Lender.

3.17. Fees and Commissions. Borrower owes no fees or commissions of any
kind, and does not know of any claim for any fees or commissions, in connection
with the Loan.

3.18. No Extension of Credit for Securities. Borrower is not now, nor
at any time has it been engaged principally, or as one of its important
activities, in the business of extending or arranging for the extension of
credit, for the purpose of purchasing or carrying any margin stock or margin
securities; nor will the proceeds of the Loan be used by Borrower directly or
indirectly, for such purposes.

<PAGE>

3.19. Hazardous Wastes, Substances and Petroleum Products.

(a) To its knowledge, Borrower (i) has received all permits and filed all
notifications necessary to carry on its business; and (ii) is in compliance in
all respects with all Environmental Control Statutes.

(b) Borrower has not given any written or oral notice, or has failed to give
required notice, to the Environmental Protection Agency ("EPA") or any state or
local agency with regard to any actual or imminently threatened Release of
Hazardous Substances on properties owned, leased or operated by Borrower or used
in connection with the conduct of its business and operations.

(c) Borrower has not received notice that it is potentially responsible for
costs of clean-up or remediation of any actual or imminently threatened Release
of Hazardous Substances pursuant to any Environmental Control Statute.

3.20. Solvency. Borrower (i) is able to realize upon its assets and pay
its debts and other liabilities as they mature in the normal course of business,
(ii) upon closing on the Loan, will have sufficient capital to carry on its
business and (iii) is solvent and will continue to be solvent after the
transactions contemplated hereunder and under the other Loan Documents.

                                   ARTICLE 4
                                   CONDITIONS

4.1. Initial Conditions. The obligation of Lender to fund the Loan shall be
subject to Lender's receipt of the following documents, each in form and
substance satisfactory to Lender in its reasonable discretion:

(a) Loan Documents. The Loan Documents, properly executed, as applicable, and
delivered to Lender.

(b) Authorization Documents. Certified copies of the certificate of
incorporation, bylaws and resolution of Borrower authorizing execution and full
performance of the Loan Documents to which it is a party and all other documents
and actions required hereunder, and an incumbency certificate setting forth the
officers of Borrower authorized to execute the Loan Documents.

(c) Certificate of Good Standing. Certificate of good standing of Borrower from
its state of incorporation and in each state or commonwealth where it is
qualified to do business.

<PAGE>

(d) Financing Statements. Uniform Commercial Code financing statements naming
Borrower, as debtor, and Lender, as secured party, perfecting a first priority
security interest in Collateral as security for the Loan, together with such
other documents as Lender may require to perfect its interests (collectively,
the "Financing Statements").

(e) Guaranty. Guaranty and suretyship agreements executed by each Guarantor in
favor of Lender unconditionally guarantying the payment and performance of the
obligations and liabilities of Borrower to Lender.

(f) Insurance. Certificates of property and liability insurance in favor of
Lender with respect to all of Borrower's properties and business.

(g) Searches. Uniform Commercial Code and bankruptcy searches against Borrower
and each Guarantor in those offices and jurisdictions as the Lender shall
reasonably request.

(h) Mercantile Agreement. A copy of a fully-executed Amendment to the November
23, 2003 Amended and Restated Loan and Security Agreement between Mercantile and
Borrower evidencing the Mercantile Facility.

(i) Subordination Agreement. An executed Intercreditor and Subordination
agreement among Lender, Borrower and Mercantile.

(j) Termination of Pledge. Evidence of the termination of the pledge of 250,000
shares of Borrower's stock in favor of Mercantile.

(k) Other Documents. Such additional documents as Lender reasonably may request,
including, without limitation, the items identified on the closing list attached
hereto as Schedule 4.1(k) and made a part hereof.

                                   ARTICLE 5
                              AFFIRMATIVE COVENANTS

                  Borrower covenants and agrees that so long as any Indebtedness
of Borrower to Lender is outstanding, Borrower will:

5.1. Existence and Good Standing. Preserve and maintain its existence as a
corporation or limited liability company, as applicable, and its good standing
in all states in which it conducts business and the validity of all its
franchises, licenses, permits, certificates of compliance or grants of authority
required in the conduct of its business.

5.2. Borrowing Base.

(a) Prepare daily borrowing base certificates, in form and substance acceptable
to Lender (each a "Borrowing Base Certificate" and more than one, the "Borrower
Base Certificates").

<PAGE>

(b) Borrower's borrowing base, as set forth on the Borrowing Base Certificates
(the "Borrowing Base"), shall at all times be at least $5,500,000.00, after
taking into consideration all requested advances under the Mercantile Facility.

(c) Borrower shall immediately, without a request from Lender, provide Lender
will a copy of any Borrowing Base Certificate that evidences a Borrowing Base of
less than $5,500,000.00 (each a "Deficient Borrowing Base Certificate").
Thereafter, Borrower shall, without a request from Lender, provide Lender with
Borrowing Base Certificates for each consecutive day after a Deficient Borrowing
Base Certificate until such time that Borrower has provided Lender with
Borrowing Base Certificates from six (6) consecutive calendar days that each
evidence a Borrowing Base of at least $5,500,000.00.

(d) If at any time, the Borrowing Base is below $5,500,000, Borrower shall
obtain Lender's written consent prior to all cash transfers and withdrawals out
of a Blocked Account, which consent may be withheld in Lender's sole discretion.
Such written consent shall be required until such time as determined by Lender
in its sole discretion.

(e) Notwithstanding anything contained herein to the contrary, immediately upon
Lender's request, Borrower shall provide copies of Borrowing Base Certificates
to Lender.

5.3. Notification of Account Debtors. Borrower, at the request of Lender, shall
notify the Account debtors (excluding those owing less than $50,000.00) of
Lender's security interest in its Accounts. Upon the occurrence and continuance
of any Event of Default, Lender may notify the Account debtors on any of the
Accounts to make payment directly to Lender, and Lender may endorse all items of
payment received by it that are payable to Borrower; until such time as Lender
elects to exercise such right of notification, Borrower is authorized to collect
and enforce the Accounts.

5.4. Books and Records. Keep and maintain satisfactory and adequate books and
records of Accounts in accordance with GAAP and make or cause the same to be
made available to Lender or their agents or nominees at any reasonable time upon
reasonable notice for inspection and to make extracts thereof and permit Lender
to discuss contents of same with senior officers of Borrower and also with
outside auditors and accountants of Borrower.

5.5. Insurance. Keep and maintain all of its property and assets in good order
and repair and covered by insurance and shall maintain comprehensive general
public liability insurance, all with reputable and financially sound insurance
companies against such hazards and in such amounts as is customary in the
industry and satisfactory to Lender, under policies requiring the insurer to
furnish reasonable notice to Lender and opportunity to cure any non-payment of
premiums prior to termination of coverage; and, as required above, furnish
Lender with certificates of such insurance and cause Lender to be named as
lender loss payee and additional insured, as applicable, as its interest may
appear.

<PAGE>

5.6. Litigation; Event of Default. Notify Lender in writing immediately of the
institution of any litigation, the commencement of any administrative
proceedings, the happening of any event or the assertion or threat of any claim
which could have a Material Adverse Effect or the occurrence of any Default or
Event of Default hereunder.

5.7. Taxes. Pay and discharge all taxes, assessments or other governmental
charges or levies imposed on it or any of its property or assets prior to the
date on which any penalty for non-payment or late payment is incurred, unless
the same are (a) currently being contested in good faith by appropriate
proceedings, diligently prosecuted and (b) are covered by appropriate reserves
maintained in cash or cash equivalents in accordance with GAAP.

5.8. Costs and Expenses. Pay or reimburse Lender for all reasonable
out-of-pocket costs and expenses (including but not limited to reasonable
attorneys' fees and disbursements) (i) incurred by Lender in connection with the
underwriting of the Loan and the preparation and review of the Loan Documents
and (ii) Lender may pay or incur in connection with all waivers, consents and
amendments to this Agreement and all other documentation related thereto and the
collection or enforcement of any of the Loan, including without limitation any
reasonable fees and disbursements incurred in defense of or to retain amounts of
principal, interest or fees paid. All obligations provided for in this Section
5.8 shall survive any termination of this Agreement and the repayment of the
Loan. Lender shall use reasonable efforts to monitor the costs and expenses
described in subsection (i) of this Section 5.8.

5.9. Compliance; Notification.

(a) Comply in all material respects with all local, state and federal laws and
regulations applicable to its business, including without limitation the
Environmental Control Statutes, and the securities act and all laws and
regulations of the SEC and the Local Authorities, and the provisions and
requirements of all franchises, permits, certificates of compliance and approval
issued by regulatory authorities and other like grants of authority held by
Borrower; and notify Lender immediately in detail of any actual or alleged
failure to comply with or perform, breach, violation or default under any such
laws or regulations or under the terms of any of such franchises or licenses,
grants of authority, or of the occurrence or existence of any facts or
circumstances which with the passage of time, the giving of notice or otherwise
could create such a breach, violation or default or could occasion the
termination of any of such franchises or grants of authority.

(b) With respect to the Environmental Control Statutes, immediately notify when,
in connection with the conduct of Borrower's business(es) or operations, any
person (including, without limitation, EPA or any state or local agency)
provides oral or written notification to Borrower or Borrower otherwise becomes
aware of a condition with regard to an actual or imminently threatened Release
of Hazardous Substances; and notify Lender in detail immediately upon the
receipt by Borrower of an assertion of liability under the Environmental Control
Statutes, of any actual or alleged failure to comply with or perform, breach,
violation or default under any such statutes or regulations or of the occurrence
or existence of any facts, events or circumstances which with the passage of
time, the giving of notice, or both, could create such a breach, violation or
default.

<PAGE>

5.10. ERISA. (a) Comply in all material respects with the provisions of
ERISA to the extent applicable to any ERISA Plan maintained for the employees of
or any ERISA Affiliate; (b) do or cause to be done all such acts and things that
are required to maintain the qualified status of each ERISA Plan and tax exempt
status of each trust forming part of such ERISA Plan; (c) not incur any material
accumulated funding deficiency (within the meaning of ERISA and the regulations
promulgated thereunder), or any material liability to the PBGC (as established
by ERISA); (d) permit any event to occur (i) as described in Section 4042 of
ERISA or (ii) which may result in the imposition of a lien on its properties or
assets; and (e) notify Lender in writing promptly after it has come to the
attention of senior management of Borrower of the assertion or threat of any
"reportable event" or other event described in Section 4042 of ERISA (relating
to the soundness of a ERISA Plan) or the PBGC's ability to assert a material
liability against it or impose a lien on Borrower's or any ERISA Affiliates'
properties or assets; and (f) refrain from engaging in any prohibited
transactions or actions causing possible liability under Section 5.02 of ERISA.

5.11. Condition of Collateral; No Liens. Maintain the Collateral in
good condition and repair at all times, preserve the Collateral from loss,
damage or destruction of any nature whatsoever, and keep the Collateral free and
clear of any mortgage, security interest, assignment, pledge, hypothecation, or
other lien encumbrance, except the liens in favor of Lender or permitted by this
Agreement.

5.12. Records. Maintain complete and accurate books and records of all
its operations and properties, including records of the Collateral.

5.13. Further Assistance. From time to time, execute and deliver such
further documents and take such further actions as Lender may reasonably request
in order to carry out the purposes of this Agreement and the other Loan
Documents.

5.14. Transactions Among Affiliates. Cause all transactions between and
among Affiliates to be on an arms-length basis and on such terms and conditions
as are customary in the applicable industry between and among unrelated
entities.

5.15. Acquired Property. Upon the acquisition of any property used in
or relating to the business of Borrower, Borrower shall take all actions
reasonably required by Lender to cause such property to become part of the
Collateral for the Loan, including, but not limited to, the execution of all
documents reasonably required by the Lender.

5.16. Other Information. Provide Lender with any other documents and
information, financial or otherwise, reasonably requested by Lender from time to
time.

<PAGE>

                                   ARTICLE 6
                               NEGATIVE COVENANTS

                  So long as any Indebtedness of Borrower to Lender remains
outstanding hereunder, Borrower covenants and agrees that without Lender's prior
written consent, it will not:

6.1. Indebtedness. Borrow any monies or create any Indebtedness except (a)
indebtedness represented by the Loan, (b) other indebtedness of Borrower to
Lender, (c) as set forth on Schedule 3.10 attached hereto and made a part
hereof, (d) unsecured indebtedness to its shareholders or officers, provided
that there shall be no repayment of any such indebtedness if there is an Event
of Default then in existence under any of the Loan Documents, (e) accounts
payable to trade creditors arising out of purchases of goods or services in the
ordinary course of business, provided that (i) each such account payable is
payable not later than thirty (30) days after the original invoice date
according to the original terms of sale and (ii) each such account payable is
not overdue by more than thirty (30) days according to the original terms of
sale, unless the Borrower is disputing the amount or validity of same in good
faith and (f) unsecured advances of vault cash by casinos to the casino in which
the vault cash in located, in the ordinary course of business and (g) other
indebtedness for which Borrower has received Lender's prior written consent.

6.2. Guaranties. Guarantee or assume or agree to become liable in any way,
either directly or indirectly, for any additional indebtedness or liability of
others except to endorse checks or drafts in the ordinary course of business.

6.3. Loans. Make any loans or advances to others, except in the ordinary course
of Borrower's business.

6.4. Liens and Encumbrances. Create, permit or suffer the creation of any liens,
security interests, or any other encumbrances on any of its property, real or
personal, except (i) as set forth on Schedule 6.4 attached hereto and made a
part hereof, (ii) in favor of Lender as security for the Loan, (iii) liens for
taxes, assessments or other governmental charges, federal, state or local, which
are then being currently contested in good faith by appropriate proceedings and
are covered by appropriate reserves maintained in cash or cash equivalents in
accordance with GAAP and (iv) pledges or deposits to secure obligations under
workmen's compensation, unemployment insurance or social security laws or
similar legislation.

6.5. Additional Negative Pledge. Enter into any agreement, covenant, or promise
with any person or entity restricting in any manner its ability to pledge its
assets or properties or otherwise grant any liens, security interests or
encumbrances on its property.

6.6. Transfer of Assets; Liquidation.

(a) Sell, lease, transfer or otherwise dispose of all or any portion of its
assets, real or personal, other than such transactions in the normal and
ordinary course of business for value received; or

(b) discontinue, liquidate, or change in any material respect any substantial
part of its operations or business(es).

<PAGE>

6.7. Acquisitions and Investments. Purchase or otherwise acquire (including
without limitation by way of share exchange) any part or amount of the interests
or assets of, or make any investments in any other entity; or enter into any new
business activities or ventures not directly related to its present business; or
merge or consolidate with or into any other entity; or create any subsidiary or
affiliate entity.

6.8. Changes. (a) Sell or transfer an ownership interest in Borrower other than
the issuance of shares of common stock for cash at prices reasonably related to
Market value and the issuance of warrants in connection therewith and the
issuance of stock options to employees, directors and consultants under
Borrower's Amended and Restated 2003 Stock Incentive Plan, as in effect in the
date hereof, (b) cease or materially change business operations or (c)
reorganize or consolidate business operations.

6.9. Dividends and Other Distributions. Declare or pay any dividends on or make
any distribution with respect to any class of its equity or purchase, redeem,
retire or otherwise acquire directly or indirectly, any of its equity.

6.10. Executive Bonuses/Deferred Compensation(a) Pay any executive
bonuses until such time that the Borrowing Base has a thirty (30) calendar day
average of at least $6,000,000.00, after taking into consideration the payment
of such executive bonuses ("Bonus Availability Date") and so long as no Default
or Event of Default has occurred. Notwithstanding anything contained herein to
the contrary, executive bonuses may accrue (but may not be paid) prior to the
Bonus Availability Date.

(b) Pay any deferred compensation to Christopher M. Wolfington pursuant to that
certain ________________________, without in each case obtaining the Lender's
prior written consent; provided, however, Borrower may pay interest to
Christopher M. Wolfington on such deferred compensation without Lender's prior
written consent.

6.11. Modification of Governing Documents. Change, alter or modify, or
permit any change, alteration or modification of, its certificate of
incorporation, bylaws or other governing documents.

6.12. Change of Location or Name. Change any of the following without
thirty (30) days prior written notice to Lender: (a) the locations stated in
Section 3.13 of this Agreement, (b) the location of the principal place of
business or chief executive office of Borrower, or (c) the name under which
Borrower conducts any of its business or operations.

<PAGE>

6.13. Change of Accounting Practices. Change its present accounting
principles or practices in any material respect, except as may be required by
changes in GAAP.

6.14. Leases. Enter into or materially amend any lease, license or
similar agreement without in each case obtaining the prior written consent of
Lender, which consent shall not be unreasonably withheld.

6.15. Inconsistent Agreement. Enter into any agreement containing any
provision that would be violated by the performance of Borrower's obligations
under this Agreement or any of the other Loan Documents or under any document
delivered or to be delivered by it in connection therewith.

6.16. Bank Accounts.  Open or close any bank accounts without the Lender's
prior written approval.

6.17. Cash Management System. Borrower shall not alter, amend or change
in any way, the cash management system approved by Lender on the date hereof,
without Lender's prior written consent.

                                   ARTICLE 7
                          SECURITY AND RIGHT OF SET OFF

7.1. Security Agreement. As security for the payment of any and all of
Borrower's Indebtedness between Borrower and Lender or its affiliate and
obligations to Lender, whether matured or unmatured, now existing or hereafter
incurred or created hereunder or otherwise, Borrower grants, conveys and gives
Lender a security interest in all Collateral, whether now or existing or
hereafter acquired, wherever located, an all proceeds and products thereof.
Borrower authorizes Lender to file one or more UCC financing statements to
perfect its security interests in the Collateral.

7.2. Additional Collateral. As additional security for the payment of any and
all of Borrower's Indebtedness between Borrower and Lender or its affiliate and
obligations to Lender, whether matured or unmatured, now existing or hereafter
incurred or created hereunder or otherwise, Borrower hereby grants to Lender a
security interest in and lien upon all funds, balances or other property of any
kind of Borrower, or in which Borrower has an interest, limited to the interest
of such Borrower therein, whether now or hereafter in the possession, custody or
control of Lender.

7.3. Right of Set-off. Lender is hereby authorized at any time and from time to
time after the occurrence of an Event of Default, to the fullest extent
permitted by law, to set-off and apply any and all deposits (general or special,
time or demand, provisional or final) at any time held and other indebtedness at
any time owing by Lender to or for the credit or the account of Borrower against
any and all of the obligations of such Borrower now or hereafter existing under
this Agreement and the Note. Lender agrees promptly to notify the Borrower after
any such set-off and application made by Lender; provided, however, that the
failure to give such notice shall not affect the validity of such set-off and
application. The rights of Lender under this Article 7 are in addition to other
rights and remedies (including, without limitation, other rights of set-off)
which Lender may have.

<PAGE>

                                   ARTICLE 8
                                    DEFAULT

8.1. Events of Default. Each of the following events shall be an Event of
Default hereunder:

(a) If Borrower shall fail to pay when due any installment of principal,
interest, fees, costs, expenses or any other sum payable to Lender hereunder or
under any other Loan Document;

(b) If any representation or warranty made herein, in connection herewith or in
any other Loan Document or in any statement, certificate or other document
furnished hereunder or otherwise is false or misleading in any material respect
when made;

(c) If Borrower shall default in the payment or performance of any obligation or
Indebtedness (including, but not limited to, the Mercantile Facility) to
another, after the expiration of any applicable notice or cure periods;

(d) If the Borrowing Base (i) has a thirty (30) day average below $5,500,000 for
any month or (ii) is below $5,000,000 at any one time.

(e) If Borrower shall default in the performance of any other agreement or
covenant contained herein or in any document executed or delivered to Lender,
and such default shall continue uncured for thirty (30) days after notice
thereof to such Borrower given by Lender;

(f) If custody or control of any substantial part of the property of Borrower
shall be assumed by any governmental agency or any court of competent
jurisdiction at the instance of any governmental agency; if any material license
or franchise shall be suspended, revoked or otherwise terminated; or if any
governmental regulatory authority or judicial body shall make any other final
non-appealable determination the effect of which would be to affect materially
and adversely the operations of Borrower as now conducted;

(g) If Borrower: becomes insolvent, bankrupt or generally fails to pay its debts
as such debts become due; is adjudicated insolvent or bankrupt; admits in
writing its inability to pay its debts; or shall suffer a custodian, receiver or
trustee for it or substantially all of its property to be appointed; makes an
assignment for the benefit of creditors; or suffers proceedings under any law
related to bankruptcy, insolvency, liquidation or the reorganization,
readjustment or the release of debtors to be instituted against it; if
proceedings under any law related to bankruptcy, insolvency, liquidation, or the
reorganization, readjustment or the release of debtors is instituted or
commenced by Borrower; if any order for relief is entered relating to any of the
foregoing proceedings; if Borrower shall call a meeting of its creditors with a
view to arranging a composition or adjustment of its debts; or if Borrower shall
by any act or failure to act indicate its consent to, approval of or
acquiescence in any of the foregoing;

<PAGE>

(h) any event or condition shall occur or exist with respect to any activity or
substance regulated under the Environmental Control Statutes; and

(i) any execution shall have been levied against any part of the Collateral or
against any other property of Borrower and shall continue unstayed and in effect
for a period of fifteen (15) days after notice thereof by Lender.

(j) any change of ownership of Borrower that effectively changes control of
Borrower from its ownership as of the date hereof.

8.2. Remedies. Upon the happening of any Event of Default and at any time
thereafter, at the election of Lender, and by notice by Lender to the Borrower,
Lender may declare the entire unpaid balance, principal, interest and fees, of
all Indebtedness of such Borrower to Lender, hereunder or otherwise, to be
immediately due and payable. Upon such declaration, the Lender shall have the
immediate right to enforce or realize on any collateral security granted
therefor in any manner or order it deems expedient without regard to any
equitable principles of marshaling or otherwise. In addition to any rights
granted hereunder or in any documents delivered in connection herewith, each
Lender shall have all the rights and remedies granted by any applicable law, all
of which shall be cumulative in nature.

Upon the occurrence of an Event of Default, no withdrawals shall be made from
any of the Blocked Accounts.

8.3. Powers of Attorney. Borrower hereby constitutes and appoints Lender its
true and lawful attorney and agent in fact to take any or all of the actions
described below during the existence of an Event of Default in Lender's or
Borrower's name and at Borrower's expense during the existence of an Event of
Default:

(a) Evidence of Liens. Borrower authorizes Lender to file such financing
statements and other documents and take such other actions as Lender deems
necessary or proper in order to create, perfect or continue the security
interests and other liens provided for by this Agreement or any of the other
Loan Documents, and Lender may file the same in any appropriate governmental
office.

(b) Preservation of Collateral. Lender may take any and all action that it deems
necessary or proper to preserve its interest in the Collateral, including
without limitation the payment of debts of Borrower that might impair the
Collateral or Lender's security interest therein, the purchase of insurance on
Collateral, the repair or safeguarding of Collateral, or the payment of taxes,
assessments or other liens thereon. All sums so expended by Lender shall be
added to the Indebtedness owed by such Borrower to Lender, shall be secured by
the Collateral, and shall be payable on demand with interest at the Default Rate
from the respective dates such sums are expended.

<PAGE>

(c) Lender's Right to Cure. Lender may perform any of Borrower's obligations
under the Loan Documents but shall not be obligated to do so. All sums so
expended by Lender shall be added to the Loan, shall be secured by the
Collateral, and shall be payable on demand with interest at the Default Rate
from the respective dates such sums are expended.

(d) Verification of Accounts. Lender may make test verifications of any and all
Accounts in any manner and through any medium Lender considers advisable, and
Borrower shall render any necessary assistance.

(e) Collections; Modification of Terms. Lender may demand, sue for, collect and
give receipts for any money, instruments or property payable or receivable on
account of or in exchange for any of the Collateral, or make any compromises it
deems necessary or proper, including without limitation extending the time of
payment, permitting payment in installments, or otherwise modifying the terms or
rights relating to any of the Collateral, all of which may be effected without
notice to or consent by Borrower and without otherwise discharging or affecting
the obligations of Borrower under the Agreement, the Collateral or the security
interest granted under this Agreement or any of the other Loan Documents.

(f) Endorsements. Lender may endorse Borrower's name on checks, notes,
acceptances, drafts, invoices, bills of lading and any other documents or
instruments requiring such Borrower's endorsement.

(g) Mails. Lender may notify the postal authorities to deliver all mail,
parcels, and other material addressed to Borrower to Lender at such address as
Lender may direct, and Lender may open and deal with same as it deems necessary
or proper.

(h) Insurance. Lender may file proofs of loss and claim with respect to any of
the Collateral with the appropriate insurer, and may endorse in its own and
Borrower's name any checks or drafts constituting insurance proceeds.

Borrower covenants and agrees that the powers of attorney granted by Section 8.3
are coupled with an interest and shall be irrevocable until full and final
payment and performance of the Loan and all other obligations of Borrower under
this Agreement and the other Loan Documents, at which time such powers of
attorney shall automatically terminate; that said powers are granted solely for
the protection of Lender's interest and Borrower shall have no duty to exercise
any thereof; that the decision whether to exercise any of such powers, and the
manner of exercise, shall be solely within Lender's discretion; and that neither
Lender nor any of its directors, officers, employees or agents shall be liable
for any act of omission or commission, or for any mistake or error of judgment,
in connection with any such powers.

<PAGE>

8.4. Specific Rights Regarding Collateral. In addition to the rights as stated
generally in Sections 8.2 and 8.3 hereof, Borrower agrees that, during the
existence of an Event of Default, Lender shall be entitled to the rights and
remedies, and Borrower shall have the obligations, set forth below:

(a) Lender may enter upon the premises where any of the Collateral is located
and take possession thereof and, at Lender's option, remove or sell in place any
or all thereof.

(b) Upon notice from Lender, Borrower shall promptly, at its expense, assemble
any or all of the Collateral and make it available at a reasonably convenient
place designated by Lender.

(c) Lender may, with or without judicial process, sell, lease or otherwise
dispose of any or all of the Collateral at public or private sale or
proceedings, by one or more contracts, in one or more parcels, at the same or
different times and places, with or without having the Collateral at the place
of sale or other disposition, to such persons or entities, for cash or credit or
for future delivery and upon such other terms, as Lender may in its discretion
deem best in each such matter. If any of the Collateral is sold on credit or for
future delivery, Lender shall not be liable for the failure of the purchaser to
pay for same and, in the event of such failure, Lender may resell such
Collateral.

(d) Borrower hereby further agrees that notice of the time and place of any
public sale, or of the time after which any private sale or other intended
disposition or action relating to any of the Collateral is to be made or taken,
shall be deemed commercially reasonable notice thereof, and shall satisfy the
requirements of any applicable statute or other law, if such notice (i) is
delivered not less than seven (7) business days prior to the date of the sale,
disposition or other action to which the notice relates, or (ii) is mailed (by
ordinary first class mail, postage prepaid) not less than fourteen (14) business
days prior thereto. Lender shall not be obligated to make any sale or other
disposition or take other action pursuant to such notice and may, without other
notice or publication, adjourn or postpone any public or private sale or other
disposition or action by announcement at the time and place previously fixed
therefor, and such sale, disposition or action may be held or accomplished at
any times or places to which the same may be so adjourned or postponed.

(e) Lender may purchase any or all of the Collateral at any public sale and may
purchase at private sale any of the Collateral that is of a type customarily
sold in a recognized market or the subject of widely distributed price
quotations or as may be further permitted by law. Lender may make payment of the
purchase price for any Collateral by credit against the then outstanding amount
of the Loan.

(f) Lender may at its discretion retain any or all of the Collateral and apply
the same in satisfaction of part or all of the Loan.

<PAGE>

(g) Any cash proceeds of sale, lease or other disposition of Collateral shall be
applied as follows:

                           First: To the expenses of collecting, enforcing,
                  safeguarding, holding and disposing of Collateral, and to
                  other expenses of Lender in connection with the enforcement of
                  this Agreement or the Loan Documents, (including without
                  limitation court costs and the fees and expenses of attorneys,
                  accountants and appraisers), together with interest at the
                  Default Rate from the respective dates such sums are expended;

                           Second: Any surplus then remaining to the payment of
                  interest and principal of the Loan and other sums payable as
                  part of the obligations of Borrower under the Loan Documents,
                  in such order as Lender elects; and

                           Third: Any surplus then remaining to Borrower or
                  whoever may be lawfully entitled thereto.

                                   ARTICLE 9
                                 MISCELLANEOUS

9.1. Indemnification and Release Provisions. Borrower hereby indemnifies and
agrees to protect, defend and hold harmless Lender and its directors, officers,
officials, agents, employees and counsel and their respective heirs,
administrators, executors, successors and assigns, from and against, any and all
losses, liabilities (including without limitation transfer taxes, documentary
taxes, or assessments or charges made by any governmental authority), claims,
damages, interest, judgments, costs, or expenses, including without limitation
fees and disbursements of counsel, incurred by any of them arising out of or in
connection with or by reason of this Agreement, the making of the Loan or any
other Loan Document, including without limitation, any and all losses,
liabilities, claims, damages, interests, judgments, costs or expenses relating
to or arising under any Environmental Control Statute or the application of any
such statute to any of Borrower's properties or assets. All obligations provided
for in this Section 9.1 shall survive any termination of this Agreement and the
repayment of the Loan.

9.2. Binding and Governing Law. This Agreement and all documents executed
hereunder shall be binding upon and shall inure to the benefit of the parties
hereto and their respective successors and assigns and shall be governed as to
their validity, interpretation and effect by the laws of the Commonwealth of
Pennsylvania.

9.3. Survival. All agreements, representations, warranties and covenants of
Borrower contained herein or in any documentation required hereunder shall
survive the execution of this Agreement and the making of the Loan hereunder and
will continue in full force and effect as long as any Indebtedness or other
obligation of Borrower to Lender remains outstanding.

<PAGE>

9.4. No Waiver; Delay. If Lender shall waive any power, right or remedy arising
hereunder or under any applicable law, such waiver shall not be deemed to be a
waiver of the later occurrence or recurrence of any of said events with respect
to Lender. No delay by Lender in the exercise of any power, right or remedy
shall, under any circumstances, constitute or be deemed to be a waiver, express
or implied, of the same and no course of dealing between the parties hereto
shall constitute a waiver of Lender's powers, rights or remedies. The remedies
herein provided are cumulative and not exclusive of any remedies provided by
law.

9.5. Modification; Waiver. Except as otherwise provided in this Agreement, no
modification or amendment hereof, or waiver or consent hereunder, shall be
effective unless made in a writing signed by appropriate officers of the parties
hereto.

9.6. Headings. The various headings in this Agreement are inserted for
convenience only and shall not affect the meaning or interpretation of this
Agreement or any provision hereof.

9.7. Notices. Any notice, request or consent required hereunder or in connection
herewith shall be deemed satisfactorily given if in writing (including facsimile
transmissions) and delivered by hand, sent by, a nationally recognized overnight
courier delivery service or mailed (registered or certified mail) to the parties
at their respective addresses or telecopier number set forth below or such other
addresses or telecopier numbers as may be given by any party to the others in
writing:

                  if to Borrower:

                           Money Centers of America, Inc.
                           700 South Henderson Road, Suite 325
                           King of Prussia, Pennsylvania  19406
                           Attention:  Christopher M. Wolfington
                           Facsimile: (610) 992-0338

                  if to Lender:

                           Baena Advisors, LLC
                           21 East 5th Avenue, Suite 204
                           Conshohocken, Pennsylvania  19428
                           Attention:  John K. Ziegler, Jr.
                           Facsimile No.: (610) 862-4351

9.8. Time of Day. Unless otherwise set forth herein, all time of day
restrictions imposed herein shall be calculated using prevailing time in
Philadelphia, Pennsylvania.

9.9. Severability. If any provision of this Agreement or the application thereof
to any person or circumstance shall be invalid or unenforceable to any extent,
the remainder of this Agreement and the application of such provisions to other
persons or circumstances shall not be affected thereby and shall be enforced to
the greatest extent permitted by law.

<PAGE>

9.10. Counterparts. This Agreement may be executed in any number of
counterparts with the same effect as if all the signatures on such counterparts
appeared on one document, and each such counterpart shall be deemed to be an
original.

9.11. Consent to Jurisdiction and Service of Process. Borrower
irrevocably appoints each and every officer of Borrower as its attorney upon
whom may be served any notice, process or pleading in any action or proceeding
against it arising out of or in connection with any of the Loan Documents; and
Borrower hereby consents that any action or proceeding against it be commenced
and maintained in any court within Montgomery County, Pennsylvania or in the
United States District Court for the Eastern District of Pennsylvania by service
of process on any such officer; and the Borrower agrees that the courts of
Montgomery County, Pennsylvania and the United States District Court for the
Eastern District of Pennsylvania shall have jurisdiction with respect to the
subject matter hereof and the person of Borrower and the Collateral.
Notwithstanding the foregoing, the Lender, in its absolute discretion may also
initiate proceedings in the courts of any other jurisdiction in which a Borrower
may be found or in which any of its properties or Collateral may be located.

9.12. Preservation and Limitation of Remedies. Lender and Borrower
shall have the right to proceed in any court of proper jurisdiction or by
self-help to exercise or prosecute the following remedies, as applicable: (i)
all rights to foreclose against any real or personal property or other security
by exercising a power of sale granted under Loan Documents or under applicable
law or by judicial foreclosure and sale, including a proceeding to confirm the
sale; (ii) all rights of self-help including peaceful occupation of real
property and collection of rents, set-off, and peaceful possession of personal
property; (iii) obtaining provisional or ancillary remedies including injunctive
relief, sequestration, garnishment, attachment, appointment of receiver and
filing an involuntary bankruptcy proceeding; and (iv) when applicable, a
judgment by confession of judgment. BORROWER AND LENDER AGREE THAT THEY SHALL
NOT HAVE A REMEDY OF PUNITIVE OR EXEMPLARY DAMAGES AGAINST THE OTHER IN ANY
DISPUTE AND HEREBY WAIVE ANY RIGHT OR CLAIM TO PUNITIVE OR EXEMPLARY DAMAGES
THEY HAVE NOW OR WHICH MAY ARISE IN THE FUTURE IN CONNECTION WITH ANY DISPUTE.

9.13. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY
KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVES ANY RIGHTS IT MAY HAVE TO A
TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON OR ARISING OUT OF, UNDER
OR IN CONNECTION WITH THIS AGREEMENT OR THE NOTE OR THE LOAN DOCUMENTS OR ANY
COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR
ACTIONS OF LENDER. THIS PROVISION IS A MATERIAL INDUCEMENT FOR LENDER'S ENTERING
INTO THIS AGREEMENT.

9.14. ACKNOWLEDGMENTS. BORROWER ACKNOWLEDGES THAT IT HAS HAD THE
ASSISTANCE OF COUNSEL IN THE REVIEW AND EXECUTION OF THIS AGREEMENT AND,
SPECIFICALLY, SECTIONS 9.11 THROUGH AND INCLUDING 9.13 HEREOF, AND FURTHER
ACKNOWLEDGES THAT THE MEANING AND EFFECT OF THE FOREGOING WAIVER OF JURY TRIAL
AND CONFESSION OF JUDGMENT HAVE BEEN FULLY EXPLAINED TO BORROWER BY SUCH
COUNSEL.

                  {remainder of page intentionally left blank}

<PAGE>

                  IN WITNESS WHEREOF, the undersigned, by their duly authorized
officers or members, have signed, sealed and delivered this Agreement the day
and year first above written, with the intent to be legally bound.

WITNESS:                                         MONEY CENTERS OF AMERICA, INC.,
                                                          a Delaware corporation

____________________________            By: /s/ Jason P. Walsh__________(SEAL)
                                             ------------------
                                                  Jason P. Walsh
                                                  Chief Financial Officer

WITNESS:                                          BAENA ADVISORS, LLC

_____________________________           By: /s/ John Ziegler______________(SEAL)
                                            -----------------
                                        Name: John Ziegler
                                        Title:

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