Document:

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                                                                    Exhibit 10.7

                         COMMON STOCK PURCHASE AGREEMENT

                                  by and among

                            PREMIER APPRAISALS, INC.,
                                J. DAVID GRISSOM,
                               WINDCREST PARTNERS,
                     CHRYSALIS VENTURES LIMITED PARTNERSHIP,
                           CASSELBERRY PARTNERS, L.P.,
                               J.G. FUNDING, LLC,
                           RICHLAND VENTURES II, L.P.,
           SOUTH ATLANTIC PRIVATE EQUITY FUND IV, LIMITED PARTNERSHIP,
       SOUTH ATLANTIC PRIVATE EQUITY FUND IV (Q.P.), LIMITED PARTNERSHIP,
                         MOORE GLOBAL INVESTMENTS, LTD.
                                       and
                     REMINGTON STRATEGIES INVESTMENTS, L.P.

                                  June 16, 1998

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                         COMMON STOCK PURCHASE AGREEMENT

                  THIS COMMON STOCK PURCHASE AGREEMENT ("Agreement") is made and
entered into as of the 16th day of June, 1998, by and among (i) PREMIER
APPRAISALS, INC., a Georgia corporation ("Company"), and (ii) CHRYSALIS VENTURES
LIMITED PARTNERSHIP, a Kentucky limited partnership, CASSELBERRY PARTNERS, L.P.,
a Kentucky limited partnership, J.G. FUNDING, LLC, a Kentucky limited liability
company, WINDCREST PARTNERS, a New York limited partnership, J. DAVID GRISSOM,
an individual, RICHLAND VENTURES II, L.P., a Delaware limited partnership,
REMINGTON INVESTMENTS STRATEGIES, L.P., a _______ limited partnership, MOORE
GLOBAL INVESTMENTS, LTD., a __________ limited partnership, SOUTH ATLANTIC
PRIVATE EQUITY FUND IV, LIMITED PARTNERSHIP, a Delaware limited partnership, and
SOUTH ATLANTIC PRIVATE EQUITY FUND IV (Q.P.), LIMITED PARTNERSHIP, a Delaware
limited partnership (each an "Investor" and collectively the "Investors").

                  WITNESSETH:

                  Company desires to sell and issue, and each Investor desires
to purchase and acquire, the number of shares of Company's authorized but
unissued common stock ("Common Stock") set forth opposite his or its name on
SCHEDULE 1 hereto, upon the terms and subject to the conditions contained
herein.

                  NOW, THEREFORE, in consideration of the mutual covenants,
representations and warranties herein contained, and intending to be legally
bound, Company and Investors agree as follows:

         1. SALE AND ISSUANCE OF COMMON STOCK.

                  a. Company shall adopt and file with the Secretary of State of
the State of Georgia on or before the Closing (as defined below) Articles of
Amendment to the Company's Articles of Incorporation in the form attached hereto
as EXHIBIT A (the "Articles of Amendment").

                  b. Subject to the terms and conditions of this Agreement, each
Investor agrees, severally and not jointly, to purchase from Company, and
Company agrees to sell, issue and deliver to each Investor, severally and not
jointly, the number of shares of Common Stock set forth opposite each Investor's
name on SCHEDULE 1 attached hereto at a price of Four Dollars ($4.00) per share
resulting in a total purchase price at the Closing of Eight Million Six Hundred
Thousand Dollars ($8,600,000). Except as set out on SCHEDULE 1, Investors will
pay the purchase price in immediately available funds at the Closing.

                  c. Subject to the terms and conditions of this Agreement, each
Investor shall have the right and option (the "Option"), but not the obligation,
at any time within six (6) months after the Closing, upon delivery of ten (10)
days prior written notice to Company (the

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"Option Notice"), to purchase from Company, and Company agrees to sell, issue
and deliver to such Investor, the number of shares of Common Stock of Company
set forth opposite each Investor's name on SCHEDULE 2 attached hereto (the
"Option Shares") at a price of Five Dollars and Fifty Cents ($5.50) per share
(the "Option Purchase Price"). The Option may not be exercised for any amount
less than the entire number of shares set forth on Schedule 2. Within ten (10)
days of delivery of the Option Notice, such Investor shall deliver the Option
Purchase Price to the Company in immediately available funds. Upon receipt of
the entire Option Purchase Price, the Company shall deliver certificates
representing the Option Shares to such Investor.

         2. CLOSING.  The closing of the transactions contemplated by this
Agreement (the "Closing") shall take place at 10:00 a.m. on June 15, 1998, at
the offices of Wyatt, Tarrant & Combs, 2800 Citizens Plaza, Louisville,
Kentucky, or at such other time, date, or place as shall be mutually agreed upon
by the parties hereto in writing (the "Closing Date").

         3. CLOSING ITEMS.

                  a. At the Closing, Company shall deliver, or cause to be
delivered, the following items:

                           i. the Articles of Incorporation and Bylaws of
         Company, and all amendments thereto, certified as to their due adoption
         and validity by the Secretary of Company;

                           ii. certificates representing the shares of Common
         Stock that each Investor is purchasing as set forth on SCHEDULE 1
         hereto against payment of the purchase price therefor in immediately
         available funds;

                           iii. Waiver and Consent of certain shareholders of
         the Company with respect to preemptive rights, antidilution protection
         and other matters;

                           iv. Amended and Restated Registration Rights
         Agreement in the form attached hereto as EXHIBIT B duly executed by
         Company;

                           v. The Shareholders' Agreement in the form attached
         hereto as EXHIBIT C duly executed by Company;

                           vi. the Amended and Restated Stock Option Plan in the
         form attached hereto as EXHIBIT D duly executed by Company;

                           vii. resolutions of the Board of Directors of Company
         authorizing the execution, delivery and consummation of this Agreement,
         the issuance of the shares of Common Stock, and the other matters
         contemplated hereby, certified as to their due adoption and continued
         validity by the Secretary of Company;

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                           viii. resolutions of the shareholders of Company
         authorizing the Articles of Amendment and the Amended and Restated
         Stock Option Plan certified as to their due adoption and continued
         validity by the Secretary of the Company; and

                           ix. a certificate executed by the President of
         Company to the effect that each of Company's representations and
         warranties in this Agreement was accurate in all respects as of the
         date of this Agreement and is accurate in all respects as of the
         Closing Date as if made on the Closing Date.

                  b. At the Closing, each Investor shall deliver, or cause to be
delivered, severally and not jointly, the following items:

                           i. immediately available funds or other consideration
         equal to the purchase price of the shares of Common Stock set forth
         opposite such Investor's name on SCHEDULE 1 attached hereto;

                           ii. the Amended and Restated Registration Rights
         Agreement duly executed by Investor; and

                           iii. the Shareholders' Agreement duly executed by
         Investor.

         4. FURTHER ASSURANCES. Each party shall execute such additional
documents and take such other actions as the other party or parties may
reasonably request to consummate the transactions contemplated hereby and
otherwise as may be necessary to effectively carry out the terms and provisions
of this Agreement.

         5. REPRESENTATIONS AND WARRANTIES OF COMPANY. Except as set forth
in the disclosure letter dated the date hereof delivered to each Investor (the
"Disclosure Letter"), Company hereby represents and warrants to each Investor as
follows:

                  a. CORPORATE STANDING. Company is a corporation duly
organized, validly existing, and in good standing under the laws of Georgia.
Company has all requisite power and authority to own, lease and operate its
properties and to carry on its business as now being conducted and as presently
proposed to be conducted, to execute, deliver and perform this Agreement and any
other agreement to which Company is a party, the execution and delivery of which
is contemplated hereby (the "Ancillary Agreements"). Company is duly qualified
and is authorized to transact business and is in good standing as a foreign
corporation in each jurisdiction in which the failure so to qualify would have a
material adverse effect on its business, properties, prospects, or financial
condition. Every jurisdiction where the Company is qualified as a foreign
corporation to transact business is listed in Section 5.A of the Disclosure
Letter. True and accurate copies of the articles of incorporation and bylaws of
Company (and all amendments thereto) and minute book (containing the records of
meetings and written consents of the stockholders, the board of directors and
any committees of the board of directors) of Company have previously been
delivered to counsel to Investors.

                  b. AUTHORIZATION. The execution and delivery of this Agreement
and any

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Ancillary Agreement and the consummation of the transactions contemplated hereby
and thereby, have been duly authorized by all necessary corporate action on the
part of Company. Each of this Agreement and any Ancillary Agreement have been
duly executed and delivered by Company and constitutes the legal, valid and
binding obligation of Company enforceable against it in accordance with its
terms.

                  c. CAPITALIZATION. As of the Closing Date, the authorized
capital stock of Company shall consist of 12,920,000 shares, divided into: (i)
10,000,000 shares of Common Stock, par value $0.01 per share; (ii) 2,500,000
shares of preferred stock ("Preferred Stock") with such preferences, limitations
and relative rights as may be determined by the Board of Directors pursuant to
Article IV(B) of the Articles; and (iii) 420,000 shares of Class A Convertible
Preferred Stock ("Class A Preferred"). Immediately prior to the Closing, 100% of
the outstanding shares of Common Stock of the Company are owned by the
stockholders and in the amounts specified in Section 5.C of the Disclosure
Letter and no shares of Preferred Stock or Class A Preferred are outstanding.

                  Except as set forth in Section 5.C of the Disclosure Letter,
there are outstanding no subscriptions, options, warrants, calls, commitments or
rights (including conversion or preemptive rights and rights of first refusal),
proxy or stockholder agreements or agreements of any character relating to
shares of Company's capital stock or the Common Stock to be issued hereunder or
any instruments that can be converted into shares of Company's capital stock or
the Common Stock to be issued hereunder. None of the shares of Company's capital
stock have been issued in violation of any preemptive right. All issuances,
transfers or purchases of the capital stock of Company have been in compliance
with all applicable agreements and all applicable laws, including federal and
state securities laws, and all taxes thereon, if any, have been paid. No former
or present holder of any of the shares of capital stock of Company has any
legally cognizable claim against Company based on any issuance, sale, purchase,
redemption or involvement in any transfer of any shares of capital stock by
Company. There are no contractual obligations of Company to repurchase, redeem
or otherwise acquire any shares of capital stock of Company. No bonds,
debentures, notes or other indebtedness having the right to vote (or convertible
into or exercisable for securities having the right to vote) on any matters on
which shareholders of Company may vote are issued or outstanding. Company is not
a party to or subject to any agreement or understanding, and, to Company's best
knowledge, there is no agreement or understanding between any persons that
affects or relates to the voting or giving of written consents with respect to
any security or the voting by any director of Company

                  d. VALIDLY ISSUED SHARES. The shares of Common Stock to be
issued, sold and delivered in accordance with the terms of this Agreement for
the consideration set out herein, will, upon issuance in accordance with the
terms hereof, be duly and validly issued, fully paid and nonassessable, free of
restrictions on transfer other than restrictions on transfer under applicable
federal and state securities laws. The issuance of the Common Stock to Investors
pursuant to this Agreement will comply with all applicable laws, including
federal and state securities laws, and will not violate the preemptive rights of
any person.

                  The outstanding shares of Company's Common Stock have been
duly authorized

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and validly issued, are fully paid and nonassessable, and were issued in
accordance with the registration or qualification provisions of the applicable
federal and state securities laws or pursuant to valid exemptions therefrom.

                  e. NO CONFLICT. The execution and delivery of this Agreement
and any Ancillary Agreement do not, and the consummation of the transactions
contemplated hereby and thereby will not, conflict with, or result in any
violation of, or default (with or without notice or lapse of time, or both)
under, or give rise to a right of termination, cancellation or acceleration of
any obligation or the loss of a material benefit under, or the creation of a
lien, pledge, security interest, charge or other encumbrance on assets (any such
conflict, violation, default, right of termination, cancellation or
acceleration, loss or creation, a "Violation") pursuant to, any provision of the
Company's Articles of Incorporation or Bylaws, or result in any Violation of any
material lease, agreement, obligation, instrument, permit, concession,
franchise, license, judgment, order, decree, statute, law, ordinance, rule or
regulation applicable to Company, or Company's properties or assets.

                  f. CONTRACTS AND OTHER COMMITMENTS; COMPLIANCE. Company is not
in violation or default of any provision of its Articles of Incorporation or
Bylaws or in any respect of any provision of any material contract or other
items listed on the Disclosure Letter.

                  g. SUBSIDIARIES. Company does not own or control, directly or
indirectly, any interest in any other corporation, partnership, limited
liability company, association or other business entity. Company is not a
participant in any joint venture, partnership or similar arrangement.

                  h. CONSENTS. No consent, approval, qualification, order or
authorization of, or registration, declaration or filing with, any court,
administrative agency or commission or other governmental authority or
instrumentality, domestic or foreign, or other third party is required by or
with respect to Company in connection with the execution and delivery of this
Agreement, or the consummation by Company of the transactions contemplated
hereby, which has not already been obtained, except for notices of sale required
to be filed with the Securities and Exchange Commission, or such post closing
filings as may be required under applicable state securities laws which will be
timely filed within the applicable periods therefor.

                  i. FINANCIAL STATEMENTS. Company has delivered to Investors
prior to the date hereof its audited financial statements for the years ended
December 31, 1996 and December 31, 1997, and its unaudited financial statements
(balance sheet and profit and loss statement) for the four (4) month period
ended April 30, 1998 (the "Financial Statements"). The Financial Statements,
including any footnotes thereto, were prepared in accordance with generally
accepted accounting principles and fairly present the financial position and
operating results of Company as of the dates and for the periods indicated
therein. Since April 30, 1998, there has not been any material adverse change in
the assets, liabilities, financial condition, results of operation or prospects
of Company.

                  j. INDEBTEDNESS FOR BORROWED MONEY; NO UNDISCLOSED
LIABILITIES. Except as and to the extent reflected and adequately reserved
against in the Financial Statements, as of the

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Closing Date, Company has no direct or indirect indebtedness for borrowed money,
indebtedness by way of lease-purchase arrangements, guarantees, undertakings,
chattel mortgages or other security arrangements with any bank, financial
institution or other third party and Company will not have any liability or
obligation whatsoever, whether accrued, absolute, contingent or otherwise.

                  k. TITLE TO PROPERTY AND ASSETS; LEASES. Company owns no real
property in fee simple. Company has good, valid and marketable title to all the
personal and mixed, tangible and intangible properties and assets which it
purports to own, free and clear of all liens, restrictions, claims, charges,
security interests, easements or other encumbrances of any nature whatsoever,
except for liens for current taxes not yet due and payable. With respect to the
property and assets that it leases, Company is in compliance with such leases
and, to Company's knowledge, holds a valid leasehold interest free and clear of
any liens, claims and encumbrances. All properties and assets of Company are in
the possession or control of Company, and no other person is entitled to
possession of any such properties and assets. Company is not bound or committed
to make any capital improvement or expenditure with respect to its owned or
leased real or personal property.

                  l. LEGAL PROCEEDINGS. Except as set forth in the Disclosure
Letter or which are not material to Company, there are no claims of any kind or
any actions, suits, proceedings, arbitrations or investigations pending or, to
Company's knowledge, threatened against or affecting Company or against any
asset, interest or right of Company or which questions the validity of the
transactions contemplated by this Agreement and Company knows of no facts which
may constitute a basis therefor.

                  m. ENVIRONMENTAL MATTERS. Company is not in violation of any
applicable statute, law or regulation relating to the environment or
occupational health and safety (the "Environmental Laws"), and, to Company's
knowledge, as of the date hereof no material expenditures are required to be
made by Company in order to comply with any of the Environmental Laws.

                  n. LICENSES AND PERMITS; COMPLIANCE WITH LAWS. Except as set
forth in Section 5.N of the Disclosure Letter, Company holds all franchises,
permits, licenses, variances, exemptions, orders and approvals of all
governmental entities which are material to the operation of Company's business
and is in compliance with the terms thereof. Company has complied with and is
not in any default under (and has not been charged with or received notice with
respect to, nor is threatened with or under investigation with respect to, any
charge concerning any violation of any provision of) any federal, state or local
law, regulation, ordinance, rule or order (whether executive, judicial,
legislative or administrative) or any order, writ, injunction or decree of any
court, agency or instrumentality and no action, suit, proceeding, hearing,
investigation, charge, complaint, claim, demand, or notice has been filed or
commenced against any of them alleging any failures to comply.

                  o. EMPLOYEE BENEFIT PLANS. Except as set forth in Section 5.O
of the Disclosure Letter, Company has no employee benefit plans including any
profit sharing, deferred

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compensation, incentive compensation, stock ownership, stock purchase, phantom
stock, retirement, vacation, severance, disability, death benefit,
hospitalization, medical or other plan, arrangement or understanding (whether or
not legally binding) providing benefits to any current or former employee,
officer or director of Company (collectively "Benefit Plans"), or any
employment, consulting, severance, termination or indemnification agreement,
arrangement or understanding between Company and any officer, director or
employee of Company. Company has delivered to Investors true, complete and
correct copies of each Benefit Plan, or, in the case of any unwritten Benefit
Plans, descriptions thereof. Each Benefit Plan has been administered in all
material respects in accordance with its terms and all applicable laws.

                  p. LABOR RELATIONS.

                           i. Company is in compliance in all material respects
         with all applicable laws respecting employment and employment
         practices, terms and conditions of employment and wages and hours and
         occupational safety and health;

                           ii. There is no unfair labor practice charge or
         complaint or any other matter against or involving Company pending or,
         to Company's knowledge, threatened before the National Labor Relations
         Board or any court of law;

                           iii. There is no labor strike, dispute, slowdown or
         stoppage actually pending or, to Company's knowledge, threatened
         against Company;

                           iv. Company is not a party to or bound by any
         collective bargaining agreement or any similar labor union arrangement;

                           v. There are no charges, investigations,
         administrative proceedings or formal complaints of discrimination
         (including discrimination based upon sex, age, marital status, race,
         color, religion, national origin, sexual preference, disability,
         handicap or veteran status) pending or, to Company's knowledge,
         threatened, before the Equal Employment Opportunity Commission or any
         federal, state or local agency or court against Company. There have
         been no governmental audits of the equal employment opportunity
         practices of Company and, to Company's knowledge, no basis for any such
         claim exists; and

                           vi. To Company's knowledge, Company is in compliance
         in all material respects with the requirements of the Americans With
         Disabilities Act.

                  q. INSURANCE. Section 5.Q of the Disclosure Letter sets forth
a list of all insurance policies, including property, casualty, liability and
other insurance maintained with respect to the assets and business of Company
("Company Insurance"). Company is not liable for any material retroactive
premium adjustments with respect to any of its insurance policies or bonds. All
such policies and bonds are legal, valid and enforceable and in full force and
effect and Company is not in breach or default (including with respect to the
payment of premiums or the giving of notices) and no event has occurred which,
with notice or the lapse of time, would constitute such a breach or default, or
permit termination, modification or acceleration under the

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policy. Nor has the Company received any notice of premium increases or
cancellations with respect to any of such policies and bonds. Company believes
the amount and type of Company Insurance coverage is adequate for Company's
business and is consistent with good business practice.

                  r. TAX MATTERS. Company has timely filed or caused to be filed
all federal, state, foreign and local income, franchise, gross receipts,
payroll, sales, use, withholding, occupancy, excise, real and personal property,
employment and other tax returns, tax information returns and reports ("Tax
Returns") required to be filed and all such Tax Returns were correct and
complete in all respects. Company has paid, or made adequate provisions for the
payment of, all taxes, duties or assessments of any nature whatsoever, interest
payments, penalties and additions (whether or not reflected in the returns as
filed) due and payable (and/or properly accruable for all periods ending on or
before the date of this Agreement) to any city, county, state, foreign country,
the United States or any other taxing authority. There are no security interests
on any of the assets of Company that arise in connection with any failure (or
alleged failure) to pay any tax. Company has withheld and paid all taxes
required to have been withheld and paid in connection with amounts paid or owing
to any employee, independent contractor, creditor, stockholder or other third
party. No deficiencies for any taxes have been proposed, asserted or assessed
against Company that are not adequately reserved for.

                  s. PATENTS AND TRADEMARKS. Company owns or possesses
sufficient legal rights to all patents, trademarks, service marks, trade names,
copyrights, trade secrets, licenses, information, and proprietary rights and
processes necessary for its business as now conducted and as proposed to be
conducted without any conflict with, or infringement of the rights of, others.
Except for agreements with its own employees or consultants and standard
end-user license agreements, if any, there are no outstanding options, licenses,
or agreements of any kind relating to the foregoing, nor is the Company bound by
or a party to any options, licenses, or agreements of any kind with respect to
the patents, trademarks, service marks, trade names, copyrights, trade secrets,
licenses, information, and proprietary rights and processes of any other person
or entity. Company has not received any communications alleging that Company has
violated or, by conducting its business as proposed, would violate any of the
patents, trademarks, service marks, trade names, copyrights, trade secrets, or
other proprietary rights or processes of any other person or entity. Company is
not aware that any of its employees is obligated under any contract (including
licenses, covenants, or commitments of any nature) or other agreement, or
subject to any judgment, decree, or order of any court or administrative agency,
that would interfere with the use of such employee's best efforts to promote the
interests of Company or that would conflict with Company's business as proposed
to be conducted. Neither the execution nor delivery of this Agreement, nor the
carrying on of Company's business by the employees of Company, nor the conduct
of Company's business as proposed, will, to Company's knowledge, conflict with
or result in a breach of the terms, conditions, or provisions of, or constitute
a default under, any contract, covenant, or instrument under which any of such
employees is now obligated. Company does not believe it is or will be necessary
to use any inventions of any of its employees (or persons it currently intends
to hire) made prior to their employment by Company. Each independent contractor,
employee and/or officer of Company who or which has contributed to the
development of the Computer Software has executed proprietary

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information/confidentiality agreements.

                  t. RELATED-PARTY TRANSACTIONS. Except as set forth in the
Disclosure Letter, no employee, officer, or director of Company, or member of
his or her immediate family is indebted to Company, nor is Company indebted (or
committed to make loans or extend or guarantee credit) to any of them. To
Company's knowledge, none of such persons has any direct or indirect ownership
interest in any firm or corporation with which Company is affiliated or with
which Company has a business relationship, or any firm or corporation that
competes with Company, except that employees, officers, or directors of Company,
and members of their immediate families may own stock in publicly traded
companies that may compete with Company. Except as set forth in Section 5.T of
the Disclosure Letter, no employee, officer or director of Company, or, to
Company's knowledge, any member of their immediate families is, directly or
indirectly, interested in any material contract with Company. For purposes of
this Agreement, Company shall be deemed to have knowledge of a fact, event,
condition, matter or situation if any of Company's officers or directors are
consciously aware of such fact, event, condition, matter or situation, as
appropriate.

                  u. SOFTWARE PRODUCTS. Company has received no customer
complaints concerning alleged defects in its computer appraisal software
products, including, without limitation, Value Express (collectively, the
"Computer Software") that, if true, would materially adversely affect the
operations or financial condition of Company.

                  v. BROKERS' AND FINDERS' FEES. Company has not employed any
broker, finder or financial advisor or incurred any liability for fees or
commissions payable to any broker, finder or financial advisor in connection
with the negotiations relating to or the transactions contemplated by this
Agreement.

                  w. MATERIAL FACTS. Company has provided each Investor with all
the information reasonably available to it that such Investor has requested for
deciding whether to purchase the Common Stock. This Agreement and the documents
or written statements furnished by Company to Investors in connection with the
transactions contemplated hereby do not contain any untrue statement of a
material fact or omit to state any material fact necessary to make the
statements contained herein or therein, in light of the circumstances in which
they are made, not misleading.

         6. REPRESENTATIONS AND WARRANTIES OF INVESTORS. Each Investor
hereby represents and warrants to Company, severally and not jointly, as of the
date hereof, as follows:

                  a. BINDING AGREEMENT. This Agreement and any Ancillary
Agreement, as applicable, have been duly executed and delivered by such Investor
and each constitutes the legal, valid and binding obligation of such Investor
enforceable against him in accordance with its terms.

                  b. INVESTMENT REPRESENTATIONS. Such Investor is acquiring the
Common Stock solely for its or his own account as principal, for investment
purposes only and not with a

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view to resale or distribution thereof in whole or in part, and such Investor
has no present intention of selling, granting any participation in, or otherwise
distributing the Securities.

                  c. ACCREDITED INVESTOR; RESIDENCE. Such Investor is a resident
of the state set forth under its or his name on SCHEDULE 1 attached hereto and
is an "accredited investor" as such term is defined under Rule 501 of Regulation
D promulgated pursuant to Section 4(2) of the Securities Act of 1933, as amended
(the "Securities Act").

                  d. RECEIPT OF INFORMATION; RESTRICTED SECURITIES. Such
Investor acknowledges that the Common Stock is not being and will not be
registered under the Securities Act or the securities laws of any other
jurisdiction in reliance on exemptions thereunder. The Common Stock has not been
and will not be approved or disapproved by the Securities and Exchange
Commission or any other governmental authority or agency of any jurisdiction.
Such Investor represents that such Investor has had an opportunity to ask
questions and receive answers from Company regarding the terms and conditions of
the offering of the Common Stock and the business, properties, prospects, and
financial condition of Company and to obtain additional information (to the
extent Company possessed such information or could acquire it without
unreasonable effort or expense) necessary to verify the accuracy of any
information furnished to such Investor or to which such Investor had access.
Investors' representations under this Section 6, however, shall not limit or
modify the representations and warranties of Company in Section 5 of this
Agreement or the right of Investors to rely thereon.

                  e. INVESTMENT EXPERIENCE. Such Investor is experienced in
evaluating and investing in private placement transactions of securities of
companies in a similar stage or development and acknowledges that such Investor
is able to fend for itself, can bear the economic risk of such Investor's
investment, and has such knowledge and experience in financial and business
matters that such Investor is capable of evaluating the merits and risks of the
investment in the Common Stock.

                  f. LEGENDS. Each certificate or other document evidencing any
of the Common Stock issued pursuant to this Agreement shall be endorsed with the
legend set forth below:

     THE SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
     SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS
     AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, OR HYPOTHECATED
     UNLESS AND UNTIL REGISTERED UNDER SUCH ACT, OR UNLESS THE COMPANY HAS
     RECEIVED AN OPINION OF COUNSEL OR OTHER EVIDENCE, SATISFACTORY TO THE
     COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.

     AN AGREEMENT DATED AS OF APRIL 24, 1995, AS AMENDED, HAS BEEN ENTERED
     INTO BY CERTAIN SHAREHOLDERS OF THE CORPORATION AND HAS BEEN DELIVERED
     TO THE SECRETARY TO

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     BE KEPT ON FILE AT THE CORPORATION'S REGISTERED OFFICE. THAT AGREEMENT
     IMPOSES VARIOUS RESTRICTIONS UPON THE TRANSFER OF THE SHARES
     REPRESENTED BY THIS CERTIFICATE AND CREATES VARIOUS OPTIONS, RIGHTS AND
     INTERESTS WITH RESPECT TO THOSE SHARES.

         7. SURVIVAL OF REPRESENTATIONS AND WARRANTIES. All representations
and warranties contained in this Agreement by any party to this Agreement and
any certificate or other instrument delivered by or on behalf of any party
pursuant to this Agreement shall be continuous and shall survive the Closing
and the issuance of all shares of Company's capital stock. Each party shall
have the right to rely on each other party's representations and warranties
made herein, notwithstanding any investigation conducted by such party.

         8. INDEMNIFICATION.

                  a. INDEMNIFICATION BY COMPANY. Company shall indemnify and
reimburse each Investor for any and all claims, losses, liabilities, damages
(including, without limitation, fines, penalties, and criminal or civil
judgments and settlements), costs (including, without limitation, court costs)
and expenses (including, without limitation, attorneys' and accountants' fees)
(hereinafter "Loss" or "Losses") suffered or incurred by such Investor, any
successors or assigns thereto (the "Protected Parties") as a result of, or with
respect to:

                           i. Any breach or inaccuracy of any representation or
         warranty of Company set forth in Section 5;

                           ii. Any breach of or noncompliance by Company with
         any covenant or agreement of Company contained in this Agreement; and

                           iii. any and all actions, suits, proceedings, claims,
         demands, assessments and judgments incident to any of the foregoing.

                  b. INDEMNIFICATION BY INVESTORS. Each Investor shall,
severally and not jointly, indemnify and reimburse Company for any and all
claims, losses, liabilities, damages (including, without limitation, fines,
penalties, and criminal or civil judgments and settlements), costs (including,
without limitation, court costs) and expenses (including, without limitation,
attorneys' and accountants' fees) (hereinafter "Loss" or "Losses") suffered or
incurred by Company or any successors or assigns thereto as a result of, or with
respect to:

                           i. Any breach or inaccuracy of any representation or
         warranty of such Investor set forth in Section 6;

                           ii. Any breach of or noncompliance by such Investors
         with any covenant or agreement of Investor contained in this Agreement;
         and

                           iii. any and all actions, suits, proceedings, claims,
         demands,

<PAGE>

         assessments and judgments incident to any of the foregoing.

         9. COMPANY COVENANTS. Company hereby covenants and agrees as follows:

                  a. USE OF PROCEEDS. The proceeds from the sale of the Common
Stock pursuant to this Agreement shall be used by Company (i) to purchase the
capital stock of Kushner & Robertson, Inc. and (ii) for working capital.

                  b. FINANCIAL STATEMENTS. Subject to Section 9.c, Company shall
furnish to the Investors:

                           i. an audited balance sheet and statements of income
         and cash flow within ninety (90) days after the end of each fiscal
         year, together with comparative figures for the last preceding fiscal
         year prepared by a firm of certified public accountants acceptable from
         time to time to a majority in interest of the Common Stock of Company;

                           ii. as soon as available, and in any event within
         thirty (30) days after the close of each calendar month, an unaudited
         balance sheet and statement of income and cash flows for such month,
         together with comparative figures for both the month just ended and the
         portion of the fiscal year then ended, and a written one or two page
         monthly summary of Company's operations. Such financial statements
         shall be prepared in accordance with generally accepted accounting
         principles consistently applied (subject to audit and year-end
         adjustments) by the principal financial or accounting officer of the
         Company;

                           iii. as soon as available, and in any event within
         thirty (30) days before the close of each fiscal year, a business plan
         and projections for Company's next fiscal year; and

                           iv. such additional information with respect to
         Company's financial condition as may be reasonably requested by the
         Investors.

                  c. TERMINATION OF COVENANTS. The covenants set forth in
Section 9.b shall terminate and be of no further force or effect at such time as
Company is required to file reports pursuant to Sections 13 or 15(d) of the
Securities Exchange Act of 1934, provided Company delivers to the Investors
copies of all such reports filed within five (5) days of their filing with the
SEC.

         10. PUBLIC STATEMENTS. Neither Company nor Investors shall, without
the prior written approval of the other parties hereto, make any press
release or other public announcement concerning the transactions contemplated
by this Agreement. Investors and Company may disclose information with
respect to the transaction contemplated hereby to their respective employees,
agents, consultants and third parties only to the extent such persons have a
need to know such information.

<PAGE>

         11. NOTICES. All notices, requests, consents, and other
communications under this Agreement shall be in writing and shall be mailed
by first class, registered, or certified mail, postage prepaid, or sent via
overnight courier service, or delivered personally:

         If to Investors, to:         J. David Grissom
                                      c/o Mayfair Capital
                                      Suite 2510
                                      400 West Market Street
                                      Louisville, KY  40202

                                      Chrysalis Ventures Limited Partnership
                                      1850 National City Tower
                                      101 South Fifth Street
                                      Louisville, KY  40202

                                      Casselberry Partners, L.P.
                                      c/o Douglas F. Cobb
                                      600 West Main Street
                                      Louisville, KY  40202

                                      J.G. Funding, LLC
                                      1850 National City Tower
                                      101 South Fifth Street
                                      Louisville, KY  40202

                                      Windcrest Partners
                                      49th Floor
                                      122 East 42nd Street
                                      New York, NY  10168-0130

                                      Richland Ventures II, L.P.
                                      3100 West End Avenue, Suite 400
                                      Nashville, TN  37203-1304

                                      South Atlantic Private Equity Fund IV
                                      Limited Partnership
                                      and
                                      South Atlantic Private Equity Fund IV
                                      (Q.P.), Limited Partnership
                                      c/o Don Burton
                                      614 W. Bay Street, Suite 200
                                      Tampa, FL  33606

<PAGE>

                                      Moore Global Investments, Ltd.
                                      and
                                      Remington Investments Strategies, L.P.
                                      c/o Moore Capital Management, Inc.
                                      1251 Avenue of the Americas
                                      New York, NY  10020
                                      Attn:  Michael Heffernan

         If to Company to:            Premier Appraisals, Inc.
                                      Suite 1220
                                      12 Perimeter Center East
                                      Atlanta, GA  30346
                                      Attn:  Michael W. Mattox,
                                      President and CEO

or to such other address of which the addressee shall have notified the sender
in writing. Notices mailed in accordance with this section shall be deemed given
when mailed, and notices sent by overnight courier service shall be deemed given
when placed in the hands of a representative of such service.

         12. PARTIES IN INTEREST; ASSIGNMENT. Except as otherwise provided
herein, all covenants and agreements contained in this Agreement by or on
behalf of any of the parties to this Agreement shall bind and inure to the
benefit of their respective heirs, executors, successors, and assigns,
whether so expressed or not. Nothing in this Agreement, express or implied,
is intended to confer upon any party other than the parties hereto and their
respective successors and assigns any rights, remedies, obligations or
liabilities under or by reason of this Agreement. This Agreement is not
assignable and any purported assignment shall be null and void.

         13. CONSTRUCTION; GOVERNING LAW. The section headings contained in
this Agreement are inserted as a matter of convenience and shall not affect
in any way the construction of the terms of this Agreement. This Agreement
shall be governed by and interpreted in accordance with the laws of the
Commonwealth of Kentucky.

         14. ENTIRE AGREEMENT; AMENDMENT AND WAIVER. This Agreement,
including the Disclosure Letter and Exhibits hereto, constitutes and contains
the entire agreement between the parties hereto with respect to the
transactions contemplated hereby and supersedes any prior writing by the
parties. Any term of this Agreement may be amended and the observance of any
term of this Agreement may be waived (either generally or in a particular
instance and either retroactively or prospectively), only with the written
consent of Company and each Investor (or its or his permitted assigns). Any
amendment or waiver effected in accordance with this paragraph shall be
binding upon each holder of any securities purchased under this Agreement at
the time outstanding (including securities into which such securities have
been converted), each future holder of all such securities, and Company.

         15. SEVERABILITY. The invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or enforceability
of the remaining provisions.

<PAGE>

                   [Rest of page left intentionally blank]

<PAGE>

         16. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
taken together shall constitute one and the same Agreement.

         17. EXPENSES. Company agrees, upon consummation of the transactions
contemplated by this Agreement, to pay all reasonable legal and out-of-pocket
expenses incurred by J. David Grissom in connection with this Agreement and
the transactions contemplated hereunder, including, without limitation, all
fees of Wyatt, Tarrant & Combs, plus expenses.

         18. ATTORNEYS' FEES. If any action at law or in equity is necessary
to enforce or interpret the terms of this Agreement or any Ancillary
Agreement, the prevailing party shall be entitled to reasonable attorneys'
fees, costs, and disbursements in addition to any other relief to which such
party may be entitled.

         19. RIGHTS OF INVESTORS. Each holder of Common Stock shall have the
absolute right to exercise or refrain from exercising any right or rights
that such holder may have by reason of this Agreement or any Common Stock,
including without limitation the right to consent to the waiver of any
obligation of Company under this Agreement and to enter into an agreement
with Company for the purpose of modifying this Agreement or any agreement
effecting any such modification, and such holder shall not incur any
liability to any other holder or holders of Common Stock with respect to
exercising or refraining from exercising any such right or rights.

         20. EXCULPATION AMONG INVESTORS. Each Investor acknowledges that he
is not relying upon any person, firm, or corporation, other than Company and
its current officers and directors, in making its investment or decision to
invest in Company. Each Investor agrees that no other Investor nor the
respective agents of any other Investor shall be liable for any action
heretofore or hereafter taken or omitted to be taken by any of them in
connection with the Common Stock.

                  IN WITNESS WHEREOF, Company and Investors have caused this
Agreement to be executed as of the day and year first written above.

                                    "COMPANY"

                                     PREMIER APPRAISALS, INC.

                                     By:_______________________________________
                                        Michael J. Mattox, President and
                                        Chief Executive Officer

<PAGE>

                                   "INVESTORS"

                                   CHRYSALIS VENTURES LIMITED PARTNERSHIP

                                   By:  ______________________________________

                                   Title:______________________________________

                                   CASSELBERRY PARTNERS, L.P.

                                   By:_______________________________________

                                   Title:______________________________________

                                   J.G. FUNDING, LLC

                                   By:_______________________________________

                                   Title:______________________________________

                                   _______________________________________
                                   J. DAVID GRISSOM

                                   WINDCREST PARTNERS

                                   By:_______________________________________
                                   A General Partner

                                   RICHLAND VENTURES II, L.P.

                                   By:_______________________________________

                                   Its:_______________________________________

<PAGE>

                                 SOUTH ATLANTIC PRIVATE EQUITY FUND IV,
                                 LIMITED PARTNERSHIP

                                 By:  South Atlantic Private Equity Partners,
                                      Limited Partnership, Its General Partner

                                 By:_______________________________________
                                 Its:  General Partner

                                 SOUTH ATLANTIC PRIVATE EQUITY FUND IV,
                                 (Q.P.), LIMITED PARTNERSHIP

                                 By:  South Atlantic Private Equity Partners,
                                      Limited Partnership, Its General Partner

                                 By:_______________________________________
                                 Its:  General Partner

                                 MOORE GLOBAL INVESTMENTS, LTD.

                                 By:_______________________________________
                                 _________________ of Moore Capital
                                 Management
                                 Its:  Trading Advisor

                                 REMINGTON INVESTMENTS STRATEGIES, L.P.

                                 By:_______________________________________
                                    _____________ of Moore Capital
                                    Advisors, LLC
                                 Its:  General Partner

<PAGE>

                                   SCHEDULE 1

                        Investor's Investment at Closing
<TABLE>
<CAPTION>

                                                              Number of Shares       Purchase
                  Investor                                    of Common Stock          Price
                  --------                                    ---------------          -----

<S>                                                           <C>                 <C>

J. David Grissom
c/o Mayfair Capital
Suite 2510
400 West Market Street
Louisville, KY  40202                                               250,000        $1,000,000(1)

Windcrest Partners
49th Floor
122 East 42nd Street
New York, NY  10168-0130                                            125,000        $  500,000

Richland Ventures II, L.P.
3100 West End Avenue
Suite 400
Nashville, TN  37203-1304                                           500,000        $2,000,000

South Atlantic Private Equity Fund IV
Limited Partnership
614 W. Bay Street, Suite 200
Tampa, FL  33606                                                    210,000        $  840,000

South Atlantic Private Equity Fund IV
(Q.P.), Limited Partnership
614 W. Bay Street, Suite 200
Tampa, FL  33606                                                    290,000        $1,160,000

Moore Global Investments, Ltd.
c/o Citco Fund Services (Bahamas), Ltd.
Bahamas Financial Center
Charlotte & Shirley Street
P.O. Box CB 13136
Nassau, Bahamas                                                     410,000        $1,640,000

Remington Investments Strategies, L.P.
1251 Avenue of the Americas
New York, NY  10020                                                  90,000        $  360,000

</TABLE>

<PAGE>

<TABLE>

<S>                                                                  <C>            <C>
Casselberry Partners, L.P.
c/o Douglas F. Cobb
600 West Main Street
Louisville, KY  40202                                                   61,716        $246,864(2)

J.G. Funding, LLC
1850 National City Tower
101 South Fifth Street
Louisville, KY  40202                                                   56,787        $227,148(3)

Chrysalis Ventures Limited Partnership
1850 National City Tower
101 South Fifth Street
Louisville, KY  40202                                                  156,497        $625,988(4)
</TABLE>

-------------------
(1) Payable $178,871.92 by the cancellation of that certain Promissory Note
dated March 12, 1998 in favor of the Company with the remainder in cash.

(2) Payable $39,722.03 by the cancellation of that certain Promissory Note dated
April 27, 1998 in favor of the Company with the remainder in cash.

(3) Payable $36,549.73 by the cancellation of that certain Promissory Note dated
April 27, 1998 in favor of the Company with the remainder in cash.

(4) Payable $100,725.16 by the cancellation of that certain Promissory Note
dated April 27, 1998 in favor of the Company with the remainder in cash.

<PAGE>

                                   SCHEDULE 2

                         Investor's Post-Closing Option

<TABLE>
<CAPTION>

                                                              Number of Shares
                  Investor                                    of Common Stock
                  --------                                    ---------------

<S>                                                          <C>

J. David Grissom
c/o Mayfair Capital
Suite 2510
400 West Market Street
Louisville, KY  40202                                                     90,909

Windcrest Partners
49th Floor
122 East 42nd Street
New York, NY  10168-0130                                                  45,454

Richland Ventures II, L.P.
3100 West End Avenue
Suite 400
Nashville, TN  37203-1304                                                181,818

South Atlantic Private Equity Fund IV
Limited Partnership
614 W. Bay Street, Suite 200
Tampa, FL   33606                                                         76,363

South Atlantic Private Equity Fund IV
(Q.P.), Limited Partnership
614 W. Bay Street, Suite 200
Tampa, FL  33606                                                         105,454

Moore Global Investments, Ltd.
c/o Citco Fund Services (Bahamas), Ltd.
Bahamas Financial Center
Charlotte & Shirley Street
P.O. Box CB 13136
Nassau, Bahamas                                                          149,090

Remington Investments Strategies, L.P.
1251 Avenue of the Americas
New York, NY  10020                                                       32,727

</TABLE>

<PAGE>

<TABLE>

<S>                                                             <C>

Casselberry Partners, L.P.
c/o Douglas F. Cobb
600 West Main Street
Louisville, KY  40202                                                     22,442

J.G. Funding, LLC
1850 National City Tower
101 South Fifth Street
Louisville, KY  40202                                                     20,649

Chrysalis Ventures Limited Partnership
1850 National City Tower
101 South Fifth Street
Louisville, KY  40202                                                     56,908

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                                TABLE OF CONTENTS

                                                                                                               PAGE

<S>     <C>                                                                                                    <C>
1.       Sale and Issuance of Common Stock........................................................................1

2.       Closing..................................................................................................2

3.       Closing Items............................................................................................2

4.       Further Assurances.......................................................................................3

5.       Representations and Warranties of Company................................................................3
         a.       Corporate Standing..............................................................................3
         b.       Authorization...................................................................................3
         c.       Capitalization..................................................................................4
         d.       Validly Issued Shares...........................................................................4
         e.       No Conflict.....................................................................................5
         f.       Contracts and Other Commitments; Compliance.....................................................5
         g.       Subsidiaries....................................................................................5
         h.       Consents........................................................................................5
         i.       Financial Statements............................................................................5
         j.       Indebtedness for Borrowed Money; No Undisclosed Liabilities.....................................5
         k.       Title to Property and Assets; Leases............................................................6
         l.       Legal Proceedings...............................................................................6
         m.       Environmental Matters...........................................................................6
         n.       Licenses and Permits; Compliance with Laws......................................................6
         o.       Employee Benefit Plans..........................................................................6
         p.       Labor Relations.................................................................................7
         q.       Insurance.......................................................................................7
         r.       Tax Matters.....................................................................................7
         s.       Patents and Trademarks..........................................................................8
         t.       Related-Party Transactions......................................................................8
         u.       Software Products...............................................................................9
         v.       Brokers' and Finders' Fees......................................................................9
         w.       Material Facts..................................................................................9

6.       Representations and Warranties of Investors..............................................................9
         a.       Binding Agreement...............................................................................9
         b.       Investment Representations......................................................................9
         c.       Accredited Investor; Residence..................................................................9
         d.       Receipt of Information; Restricted Securities...................................................9
         e.       Investment Experience..........................................................................10
         f.       Legends........................................................................................10

</TABLE>

<PAGE>

<TABLE>

<S>     <C>                                                                                                    <C>

7.       Survival of Representations and Warranties..............................................................10

8.       Indemnification.........................................................................................10
         a.       Indemnification by Company.....................................................................10
         b.       Indemnification by Investors...................................................................11

9.       Company Covenants.......................................................................................11
         a.       Use of Proceeds................................................................................11
         b.       Financial Statements...........................................................................11
         c.       Termination of Covenants.......................................................................12

10.      Public Statements.......................................................................................12

11.      Notices.................................................................................................12

12.      Parties in Interest; Assignment.........................................................................14

13.      Construction; Governing Law.............................................................................14

14.      Entire Agreement; Amendment and Waiver..................................................................14

15.      Severability............................................................................................14

16.      Counterparts............................................................................................15

17.      Expenses................................................................................................15

18.      Attorneys' Fees.........................................................................................15

19.      Rights of Investors.....................................................................................15

20.      Exculpation Among Investors.............................................................................15

</TABLE>

<PAGE>

Exhibits and Schedules

<TABLE>

<S>               <C>

Schedule 1         Investors' Investment at Closing

Schedule 2         Investors' Post Closing Option

Exhibit A          Articles of Amendment

Exhibit B          Second Amended and Restated Registration Rights Agreement

Exhibit C          Amended and Restated Shareholders' Agreement

Exhibit D          Amended and Restated 1997 Employee Stock Option Plan

</TABLE><PAGE>

                                                                  EXHIBIT 10.8

                            PREMIER APPRAISALS, INC.

                           Second Amended and Restated
                          Registration Rights Agreement

                  THIS SECOND AMENDED AND RESTATED REGISTRATION RIGHTS
AGREEMENT (this "Agreement") is made and entered into as of the 16th day of
June, 1998 by and among (i) PREMIER APPRAISALS, INC., a Georgia corporation (the
"Company") and (ii) CHRYSALIS VENTURES LIMITED PARTNERSHIP, a Kentucky limited
partnership, JG PARTNERSHIP, LTD., a Kentucky limited partnership, JG FUNDING,
LLC, a Kentucky limited liability company, DAVID A. JONES, an individual, W.
PATRICK ORTALE, III, an individual, JACK TYRRELL, an individual, WINDCREST
PARTNERS, a New York limited partnership, CASSELBERRY PARTNERS, L.P., a Kentucky
limited partnership, J. DAVID GRISSOM, an individual, MICHAEL W. MATTOX, an
individual, VICKI L. BRAKEBILL, an individual, RICHLAND VENTURES II, L.P., a
Delaware limited partnership, MOORE GLOBAL INVESTMENTS, LTD., a limited
partnership, REMINGTON INVESTMENTS STRATEGIES, L.P., a limited partnership,
SOUTH ATLANTIC PRIVATE EQUITY FUND IV, LIMITED PARTNERSHIP, a Delaware limited
partnership, and SOUTH ATLANTIC PRIVATE EQUITY FUND IV (Q.P.), LIMITED
PARTNERSHIP, a Delaware limited partnership (each an "Investor" and collectively
the "Investors").

                  WHEREAS, the Company and certain of the Investors are parties
to an Amended and Restated Registration Rights Agreement dated as of May 30,
1997 (the "Registration Rights Agreement"); and

                  WHEREAS, the Company and the Investors desire to amend and
restate the Registration Rights Agreement with respect to the Common Stock now
owned and hereafter acquired by the Investors;

                  NOW, THEREFORE, in consideration of the mutual promises and
covenants set forth herein, the parties hereto agree to amend and restate the
Registration Rights Agreement, in its entirety, as follows:

         1.       CERTAIN DEFINITIONS.  As used in this Agreement, the following
terms shall have the meanings set forth below.

                  1.1      "Common Stock" shall mean the Company's Common Stock,
par value $.01 per share, or any capital stock exchanged therefor.

                  1.2      "Commission" shall mean the federal Securities and
Exchange Commission or any other federal agency at the time administering the
Securities Act.

<PAGE>

                  1.3      "Demand Statement" shall have the meaning given that
term in Section 3.1 hereof.

                  1.4      "Exchange Act" shall mean the Securities Exchange Ac
of 1934, as amended, or any similar successor federal statute and the rules and
regulations thereunder, all as the same shall be in effect from time to time.

                  1.5      "Holder" shall mean any Investor and any holder of
Registrable Securities to whom the registration rights conferred by this
Agreement have been transferred in compliance with Section 8 hereof.

                  1.6      "Initiating Holders" shall mean any Holder or
Holders who hold not less than twenty-five percent (25%) of the Registrable
Securities and who submits the Demand Statement to the Company pursuant to
Section 3.1 hereof.

                  1.7      "Preferred Stock" shall mean any Preferred Stock of
the Company now or hereafter outstanding.

                  1.8      "Registrable Securities" shall mean all Common Stock
which any of the Investors shall have acquired at any time, provided, however,
that Registrable Securities shall NOT include any shares of Common Stock which
have previously been registered or which have been sold to the public or which
have been sold in a private transaction in which the transferor's rights under
this Agreement are not assigned.

                  1.9      The terms "register," "registered" and "registration"
shall refer to a registration effected by preparing and filing a registration
statement in compliance with the Securities Act and applicable rules and
regulations thereunder, and the declaration or ordering of the effectiveness of
such registration statement.

                  1.10     "Registration Expenses" shall mean all expenses
incurred in effecting any registration pursuant to this Agreement, including,
without limitation, all registration, qualification, and filing fees, printing
expenses, escrow fees, fees and disbursements of counsel for the Company, blue
sky fees and expenses, and expenses of any regular or special audits incident to
or required by any such registration, but shall not include Selling Expenses and
fees and disbursements of counsel for the Holders (but excluding the
compensation of regular employees of the Company, which shall be paid in any
event by the Company).

                  1.11     "Rule 144" shall mean Rule 144 as promulgated by the
Commission under the Securities Act, as such Rule may be amended from time to
time, or any similar successor rule that may be promulgated by the Commission.

                                       2

<PAGE>

                  1.12     "Rule 145" shall mean Rule 145 as promulgated by the
Commission under the Securities Act, as such Rule may be amended from time to
time, or any similar successor rule that may be promulgated by the Commission.

                  1.13     "Securities Act" shall mean the Securities Act of
1933, as amended, or any similar successor federal statute and the rules and
regulations thereunder, all as the same shall be in effect from time to time.

                  1.14     "Selling Expenses" shall mean all underwriting
discounts, selling commissions, and stock transfer taxes applicable to the sale
of Registrable Securities and fees and disbursements of counsel for any Holder
(other than the fees and disbursements of counsel included in Registration
Expenses).

         2.       COMPANY REGISTRATION.

                  2.1      If the Company shall determine to register any of its
Common Stock or Preferred Stock for its own account or for the account of any
other party, other than a registration relating solely to employee benefit
plans, or a registration relating solely to a Rule 145 transaction, or a
registration on any registration form that does not permit secondary sales, the
Company will:

                           [a] promptly give to each Holder written notice
         thereof and of the anticipated effective date of such registration; and

                           [b] use its best efforts to include in such
         registration (and any related qualification under blue sky laws or
         other compliance), except as set forth in Section 2.2 below, and in any
         underwriting involved therein, all the Registrable Securities specified
         in a written request or requests, made by any Holder and received by
         the Company within thirty (30) days after the written notice from the
         Company described in clause [a] above is mailed or delivered by the
         Company. Such written request may specify all or any part of a Holder's
         Registrable Securities.

                  2.2      UNDERWRITING. If the registration of which the
Company gives notice is for a registered public offering involving an
underwriting, the Company shall so advise the Holders as a part of the written
notice given pursuant to Section 2.1[a]. In such event, the right of any Holder
to registration pursuant to this Section 2 shall be conditioned upon such
Holder's participation in such underwriting and the inclusion of such Holder's
Registrable Securities in the underwriting to the extent provided herein. All
Holders proposing to distribute their securities through such under writing
shall (together with the Company and the other holders of securities of the
Company with registration rights to participate therein distributing their
securities through such underwriting) enter into an underwriting agreement in
customary form with the representatives of the underwriter or underwriters
selected by the Company.

                  Notwithstanding any other provision of this Section 2, if the
representative of the underwriter(s) advises the Company in writing that
marketing factors require a limitation on the number of

                                       3

<PAGE>

shares to be underwritten, the representative may (subject to the limitations
set forth below) exclude all Registrable Securities from, or limit the number of
Registrable Securities to be included in, the registration and underwriting. The
Company shall so advise all holders of securities requesting registration, and
the number of shares of securities that are entitled to be included in the
registration and underwriting shall be allocated first to the Company for
securities being sold for its own account and thereafter as set forth in Section
10. If any person does not agree to the terms of any such underwriting, he shall
be excluded therefrom by written notice from the Company or the underwriter. Any
Registrable Securities or other securities excluded or withdrawn from such
underwriting shall be withdrawn from such registration.

                  If shares are so withdrawn from the registration or if the
number of shares of Registrable Securities to be included in such registration
was previously reduced as a result of marketing factors as determined by the
underwriters, the Company shall then offer to all persons who have retained the
right to include securities in the registration the right to include additional
securities in the registration in an aggregate amount equal to the number of
shares so withdrawn, with such shares to be allocated among the persons
requesting additional inclusion in accordance with Section 10 hereof.

         3.       DEMAND REGISTRATION.

                  3.1      DEMAND FOR REGISTRATION. At any time following the
Company's initial registered public offering of its Common Stock with the
Commission, the Initiating Holders may submit in writing to the Company a demand
that the Company effect a registration with respect to all or a part of the
Registrable Securities on Form S-3 or any related form of registration statement
(the "Demand Statement"). If the Company receives such Demand Statement from the
Initiating Holders, the Company will:

                           [a] promptly (but in any event with ten (10) days)
         give written notice of the proposed registration to all other Holders;
         and

                           [b] as soon as practicable, use its best efforts to
         effect such registration (including, without limitation, filing
         post-effective amendments, appropriate qualifications under applicable
         blue sky or other state securities laws, and appropriate compliance
         with the Securities Act and any other governmental requirements or
         regulations) and as would permit or facilitate the sale and
         distribution of all or such portion of such Registrable Securities as
         are specified in such request, together with all or such portion of the
         Registrable Securities of any Holder or Holders joining in such request
         as are specified in a written request received by the Company within
         thirty (30) business days after such written notice from the Company is
         mailed or delivered.

                           The Company shall not be obligated to effect, or to
         take any action to effect, any such registration pursuant to this
         Section 3.1:

                                    [i]      In any particular jurisdiction in
                  which the Company would be required to execute a general
                  consent to service of process in effecting such registration,

                                       4

<PAGE>

                  qualification, or compliance, unless the Company is already
                  subject to service in such jurisdiction and except as may be
                  required by the Securities Act;

                                    [ii]     During a 180 day period commencing
                  with the effective date of a registration statement for the
                  Company's initial public offering;

                                    [iii]    If the Company delivers notice to
                  the Initiating Holders within thirty (30) days of the
                  Company's receipt of the Demand Notice stating the Company's
                  intent to file a registration statement within ninety (90)
                  days;

                                    [iv]     If the Initiating Holders do not
                  request that such offering be firmly underwritten by
                  underwriters selected by the Initiating Holders (subject to
                  the consent of the Company, which consent shall not be
                  unreasonably withheld);

                                    [v]      If the Company and the Initiating
                  Holders are unable to obtain the commitment of the underwriter
                  described in clause [iv] above to firmly underwrite the offer;

                                    [vi]     If the Company has previously
                  effected two (2) demand registrations for Holders pursuant to
                  this Section 3.1; or

                                    [vii]    If the Initiating Holders elect to
                  include less than twenty-five percent (25%) of the Registrable
                  Securities in the proposed registration.

                  3.2      POSTPONED REGISTRATION. Subject to the foregoing
clauses [i] through [vii] in Section 3.1, the Company shall file a registration
statement covering the Registrable Securities so requested to be registered as
soon as practicable, but in any event within ninety (90) days after receipt of
the request or requests of the Initiating Holders; provided, however, that if
(i) in the good faith judgment of the Board of Directors of the Company, such
registration would be seriously detrimental to the Company and the Board of
Directors of the Company concludes, as a result, that it is essential to defer
the filing of such registration statement at such time, and (ii) the Company
shall furnish to such Holders a certificate signed by the President of the
Company stating that in the good faith judgment of the Board of Directors of the
Company, it would be seriously detrimental to the Company for such registration
statement to be filed in the near future and that it is, therefore, essential to
defer the filing of such registration statement, then the Company shall have the
right to defer such filing (except as provided in Clause 3.1(ii) above) for a
period of not more than ninety (90) days after receipt of the Demand Notice,
and, provided further, that the Company shall not defer its obligation in this
matter more than once in any twenty-four month period.

                  The registration statement filed pursuant to the request of
the Initiating Holders may, subject to the provisions of this Section 3.2 and 10
hereof, include other securities of the Company, with respect to which
registration rights have been granted, and may include securities of the Company
being sold for the account of the Company.

                                       5

<PAGE>

                  3.3      UNDERWRITING. The right of any Holder to registration
pursuant to Section 3 shall be conditioned upon such Holder's participation in
such underwriting and the inclusion of such Holder's Registrable Securities in
the underwriting to the extent provided herein. A Holder may elect to include in
such underwriting all or a part of the Registrable Securities he holds.

                  3.4      PROCEDURES. If the Company shall request inclusion in
any registration pursuant to Section 3 of securities being sold for its own
account, or if other persons shall request inclusion in any registration
pursuant to Section 3, the Initiating Holders shall, on behalf of all Holders,
offer to include such securities in the underwriting and may condition such
offer on their acceptance of the further applicable provisions of this
Agreement. The Company shall (together with all Holders and other persons
proposing to distribute their securities through such underwriting) enter into
an underwriting agreement in customary form with the representative of the
underwriter or underwriters selected for such underwriting by a majority in
interest of the Initiating Holders, which underwriters are reasonably acceptable
to the Company. Notwithstanding any other provision of this Section 3, if the
representative of the underwriters advises the Initiating Holders in writing
that marketing factors require a limitation on the number of shares to be
underwritten, the number of shares to be included in the underwriting or
registration shall be allocated as set forth in Section 10 hereof. If a person
who has requested inclusion in such registration as provided above does not
agree to the terms of any such underwriting, such person shall be excluded
therefrom by written notice from the Company, the underwriter or the Initiating
Holders. The securities so excluded shall also be withdrawn from registration.
Any Registrable Securities or other securities excluded or withdrawn from such
underwriting shall also be withdrawn from such registration. If shares are so
withdrawn from the registration and if the number of shares to be included in
such registration was previously reduced as a result of marketing factors
pursuant to this Section 3.4, then the Company shall offer to all holders who
have retained rights to include securities in the registration the right to
include additional securities in the registration in an aggregate amount equal
to the number of shares so withdrawn, with such shares to be allocated among
such Holders requesting additional inclusion in accordance with Section 10.

         4.       REGISTRATION EXPENSES. All Registration Expenses incurred in
connection with any registration, qualification or compliance pursuant to
Sections 2 and 3.1 hereof shall be borne by the Company. All Selling Expenses
relating to securities so registered shall be borne by the applicable Holder.

         5.       REGISTRATION PROCEDURES. In the case of each registration
effected by the Company pursuant to this Agreement, the Company will keep each
Holder electing registration advised in writing as to the initiation of each
registration and as to the material progress and completion thereof. At its
expense, the Company will use its best efforts to:

                  5.1      Keep such registration effective for a period of one
hundred eighty (180) days or until the Holder or Holders have completed the
distribution described in the registration statement relating thereto, whichever
first occurs; provided, however, that such 180-day period shall be extended for
a period of time equal to the period the Holder refrains from selling any
securities included in such registration at the request of an underwriter of
Common Stock (or other securities) of the Company;

                                       6

<PAGE>

                  5.2      Prepare and file with the Commission such amendments
and supplements to such registration statement and the prospectus used in
connection with such registration statement as may be necessary to comply with
the provisions of the Securities Act with respect to the disposition of all
securities covered by such registration statement;

                  5.3      Furnish such number of prospectuses and other
documents incident thereto, including any amendment of or supplement to the
prospectus, as a Holder from time to time may reasonably request;

                  5.4      Cause all such Registrable Securities registered
pursuant hereunto to be listed on each securities exchange, if any, on which
similar securities issued by the Company are then listed and comply with all
applicable blue sky laws to enable the Registrable Securities to be publicly
offered and sold in the states in which such Registrable Securities will be
offered;

                  5.5      Provide a transfer agent and registrar for all
Registrable Securities registered pursuant to such registration statement and a
CUSIP number for all such Registrable Securities, in each case not later than
the effective date of such registration; and

                  5.6      In connection with any underwritten offering pursuant
to a registration statement filed pursuant to section 2 hereof, the Company will
enter into an underwriting agreement in form reasonably necessary to effect the
offer and sale of the Common Stock provided such underwriting agreement contains
customary underwriting provisions and provided further that, if the underwriter
so requests, the underwriting agreement will contain customary contribution
provisions.

         6.       INDEMNIFICATION.

                  6.1      The Company will indemnify each Holder, each of the
Company's officers, directors and partners, legal counsel, and accountants and
each person controlling such Holder within the meaning of Section 15 of the
Securities Act, with respect to which registration, qualification, or compliance
has been effected pursuant to this Agreement, and each underwriter, if any, and
each person who controls within the meaning of Section 15 of the Securities Act
any underwriter, against all expenses, claims, losses, damages, and liabilities
(or actions, proceedings, or settlements in respect thereof), arising out of or
based on any untrue statement (or alleged untrue statement) of a material fact
contained in any prospectus, offering circular, or other document (including any
related registration statement, notification, or the like) incident to any such
registration, qualification, or compliance, or based on any omission (or alleged
omission) to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, or any violation by the
Company of the Securities Act or any rule or regulation thereunder applicable to
the Company and relating to action or inaction required of the Company in
connection with any such registration, qualification, or compliance, and will
reimburse each such Holder, each of its officers, directors, partners, legal
counsel, and accountants and each person controlling such Holder, each such
underwriter, and each person who controls any such underwriter, for any legal
and any other expenses

                                       7

<PAGE>

reasonably incurred in connection with investigating and defending or settling
any such claim, loss, damage, liability or action, provided that the Company
will not be liable in any such case to the extent that any such claim, loss,
damage, liability, or expense arises out of or is based on any untrue statement
or omission based upon written information furnished to the Company by such
Holder or underwriter and stated to be specifically for use therein. It is
agreed that the indemnity agreement contained in this Section 6.1 shall not
apply to amounts paid in settlement of any such loss, claim, damage, liability
or action if such settlement is effected without the consent of the Company
(which consent has not been unreasonably withheld).

                  6.2      Each Holder will, if Registrable Securities held by
such Holder are included in the securities as to which such registration,
qualification, or compliance is being effected, indemnify the Company, each of
its directors, officers, partners, legal counsel, and accountants and each
underwriter, if any, of the Company's securities covered by such a registration
statement, each person who controls the Company or such underwriter within the
meaning of Section 15 of the Securities Act, each other such Holder and each of
their officers, directors, and partners, and each person controlling such Holder
against all claims, losses, damages and liabilities (or actions in respect
thereof) arising out of or based on any untrue statement (or alleged untrue
statement) of a material fact contained in any such registration statement,
prospectus, offering circular, or other document, or any omission (or alleged
omission) to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, and will reimburse the
Company and such Holders, directors, officers, partners, legal counsel, and
accountants, persons, underwriters, or control persons for any legal or any
other expenses reasonably incurred in connection with investigating or defending
any such claim, loss, damage, liability, or action, in each case to the extent,
but only to the extent, that such untrue statement (or alleged untrue statement)
or omission (or alleged omission) is made in such registration statement,
prospectus, offering circular, or other document in reliance upon and in
conformity with written information furnished to the Company by such Holder and
stated to be specifically for use therein provided, however, that the
obligations of such Holder hereunder shall not apply to amounts paid in
settlement of any such claims, losses, damages, or liabilities (or actions in
respect thereof) if such settlement is effected without the consent of such
Holder (which consent shall not be unreasonably withheld); and provided that in
no event shall any indemnity under this Section 6.2 exceed the gross proceeds
from the offering received by such Holder.

                  6.3      Each party entitled to indemnification under this
Section 6 (the "Indemnified Party") shall give notice to the party required to
provide indemnification (the "Indemnifying Party") promptly after such
Indemnified Party has actual knowledge of any claim as to which indemnity may be
sought, and shall permit the Indemnifying Party to assume the defense of such
claim or any litigation resulting therefrom, provided that counsel for the
Indemnifying Party who shall conduct the defense of such claim or any litigation
resulting therefrom shall be approved by the Indemnified Party (whose approval
shall not unreasonably be withheld), and the Indemnified Party may participate
in such defense at such party's expense, and provided further that the failure
of any Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Section 6, to the extent such
failure is not prejudicial. No Indemnifying Party, in the defense of any such
claim or litigation, shall, except with the consent of each Indemnified Party,
consent to entry of any judgment or enter into any settlement that does

                                       8

<PAGE>

not include as an unconditional term thereof the giving by the claimant or
plaintiff to such Indemnified Party of a release from all liability in respect
to such claim or litigation. Each Indemnified Party shall furnish such
information regarding itself or the claim in question as an Indemnifying Party
may reasonably request in writing and as shall be reasonably required in
connection with defense of such claim and litigation resulting therefrom.

                  6.4      If the indemnification provided for in this Section 6
is held by a court of competent jurisdiction to be unavailable to an Indemnified
Party with respect to any loss, liability, claim, damage, or expense referred to
herein, then the Indemnifying Party, in lieu of indemnifying such Indemnified
Party hereunder, shall contribute to the amount paid or payable by such
Indemnified Party as a result of such loss, liability, claim, damage, or expense
in such proportion as is appropriate to reflect the relative fault of the
Indemnifying Party on the one hand and of the Indemnified Party on the other in
connection with the statements or omissions of the Indemnifying Party and of the
Indemnified Party. Such relative fault shall be determined by reference to,
among other things, whether the untrue or alleged untrue statement of a material
fact or the omission to state a material fact relates to information supplied by
the Indemnifying Party or by the Indemnified Party and the parties' relative
intent, knowledge, access to information, and opportunity to correct or prevent
such statement or omission; provided that in no event shall contribution by the
Holder under this Section 6.4 exceed the gross proceeds from the offering
received by the Holder.

                  6.5      Notwithstanding the foregoing, to the extent that the
provisions on indemnification and contribution contained in the underwriting
agreement entered into in connection with the underwritten public offering are
in conflict with the foregoing provisions, the provisions in the underwriting
agreement shall control.

         7.       INFORMATION BY HOLDER. Each Holder of Registrable Securities
shall furnish to the Company such information regarding such Holder and the
distribution proposed by such Holder as the Company may reasonably request in
writing and as shall be reasonably required in connection with any registration,
qualification, or compliance referred to in this Agreement.

          8.      TRANSFER OR ASSIGNMENT OF REGISTRATION RIGHTS. The rights to
cause the Company to register securities granted to a Holder by the Company
under Section 2 or the right of the Holders to demand that the Company register
securities granted under Section 3 may be transferred or assigned by such Holder
to a transferee or assignee provided that the Company is given written notice at
the time of or within a reasonable time after said transfer or assignment,
stating the name and address of the transferee or assignee and identifying the
securities with respect to which such registration rights are being transferred
or assigned, and, provided further, that the transferee or assignee of such
rights assumes in writing the obligations of such Holder under this Agreement.

         9. "MARKET STAND-OFF" AGREEMENT. If requested by the Company and an
underwriter of Common Stock (or other securities) of the Company, a Holder shall
not sell or otherwise transfer or dispose of any Common Stock (or other
securities) of the Company held by such Holder (other than those

                                       9

<PAGE>

included in the registration) during the one hundred eighty (180) day period
following the effective date of a registration statement of the Company filed
under the Securities Act, provided that all Holders and officers and directors
of the Company are bound by and have entered into similar agreements.

                  The obligations described in this Section 9 shall not apply to
a registration relating solely to employee benefit plans on Form S-1 or Form S-8
or similar forms that may be promulgated in the future, or a registration
relating solely to a Rule 145 transaction on Form S-4 or similar forms that may
be promulgated in the future. The Company may impose stop-transfer instructions
with respect to the shares (or securities) subject to the foregoing restriction
until the end of said one hundred eighty (180) day period.

         10.      ALLOCATION OF REGISTRATION OPPORTUNITIES. In any circumstance
in which all of the Registrable Securities and other shares of Common Stock of
the Company with registration rights (the "Other Shares") requested to be
included in a registration on behalf of the Holders or other selling
stockholders cannot be so included as a result of limitations on the aggregate
number of shares of Registrable Securities and Other Shares that may be so
included, the number of shares of Registrable Securities and Other Shares that
may be so included shall be allocated among the Holders and other selling
stockholders requesting inclusion of shares pro rata on the basis of the number
of shares of Registrable Securities and Other Shares that would be held by such
Holders and other selling stockholders at the time of filing the Registration
Statement; provided, however, that those Registrable Securities held by Michael
W. Mattox and Vicki L. Brakebill shall be limited or excluded completely from
the registration before the other Investors suffer any limitation or exclusion
of their Registrable Securities from such registration; and provided, further,
that such allocation shall not operate to reduce the aggregate number of
Registrable Securities and Other Shares to be included in such registration. If
any Holder or other selling stockholder does not request inclusion of the
maximum number of shares of Registrable Securities and Other Shares allocated to
him pursuant to the above-described procedure, the remaining portion of this
allocation shall be reallocated among those requesting Holders and other selling
stockholders whose allocations did not satisfy their requests pro rata on the
basis of the number of shares of Registrable Securities and Other Shares that
would be held by such Holders and other selling stockholders and this procedure
shall be repeated until all of the shares of Registrable Securities and Other
Shares which may be included in the registration on behalf of the Holders and
other selling stockholders have been so allocated. The Company shall not limit
the number of Registrable Securities to be included in a registration pursuant
to this Agreement in order to include shares held by stockholders with no
registration rights.

         11.      LIMITATIONS ON REGISTRATION OF OTHER SECURITIES;
REPRESENTATION. Except with respect to acquisitions of assets or any business
entity, the Company shall not, without the prior written consent of a
majority in interests of the Holders, enter into any agreement with any
holder or prospective holder of any securities of the Company giving such
holder or prospective holder any registration rights the terms of which are
as or more favorable than registration rights granted to the Holders
hereunder unless the Company shall also give such rights to the Holders
hereunder.

                                       10

<PAGE>

         12.      TERMINATION OF REGISTRATION RIGHTS. All rights provided for in
Sections 2 and 3 hereof expire four (4) years after the Closing of the Company's
initial public offering. In addition, a Holder's registration rights shall
expire on such date after the Company's initial public offering that all shares
of Registrable Securities held or entitled to be held upon conversion by such
Holder could immediately be sold under Rule 144 during any consecutive 90-day
period.

         13.      REPORTING.  The Company agrees to:

                  13.1     Make and keep public information available, as those
terms are understood and defined in Rule 144, at all times after ninety (90)
days after the effective date of the first registration filed by the Company for
an offering of its securities to the general public.

                  13.2     Use its best efforts to file with the Commission in a
timely manner all reports and other documents required of the Company under the
Securities Act and the Exchange Act.

         14.      MISCELLANEOUS.

                  14.1     GOVERNING LAW. This Agreement shall be governed in
all respects by the laws of the State of Georgia, as applied to agreements among
Georgia residents entered into and to be performed entirely within Georgia.

                  14.2     SUCCESSORS AND ASSIGNS. Except as otherwise expressly
provided herein, the provisions hereof shall inure to the benefit of, and be
binding upon, the successors, assigns, heirs, executors and administrators of
the parties hereto.

                  14.3     TERMINATION OF PRIOR AGREEMENT; ENTIRE AGREEMENT.
This Agreement restates and supersedes in its entirety the Amended and Restated
Registration Rights Agreement dated as of May 30, 1997 between the Company,
Chrysalis Ventures Limited Partnership, J. David Grissom, David A. Jones, W.
Patrick Ortale, III, Jack Tyrrell, JG Partnership, Ltd., Windcrest Partners,
Casselberry Partners, L.P., Michael W. Mattox and Vicki L. Brakebill. This
Agreement constitutes the full and entire understanding and agreement between
the parties with regard to the subjects hereof.

                  14.4     AMENDMENT; WAIVER. Neither this Agreement nor any
term hereof may be amended, waived, discharged or terminated, except by a
written instrument signed by the Company and holders of a majority in interest
of the Registrable Securities at the time such instrument is executed, and any
such amendment, waiver, discharge or termination shall be binding on all the
Holders, but in no event shall the obligation of any Holder hereunder be
materially increased, except upon the written consent of such Holder.

                  14.5     NOTICES. All notices, requests, consents, and other
communications under this Agreement shall be in writing and shall be mailed by
first class, registered, or certified mail, postage

                                       11

<PAGE>

prepaid, or sent via overnight reputable courier service, or delivered
personally or via facsimile with copy sent by mail as provided above:

         If to Investors, to:            J. David Grissom
                                         c/o Mayfair Capital
                                         Suite 2510
                                         400 West Market Street
                                         Louisville, KY  40202

                                         Chrysalis Ventures Limited Partnership,
                                          JG Funding, LLC and
                                          JG Partnership, Ltd.
                                         1850 National City Tower
                                         101 South Fifth Street
                                         Louisville, KY  40202

                                         David A. Jones
                                         c/o Chrysalis Ventures, Limited
                                           Partnership
                                         1850 National City Tower
                                         101 South Fifth Street
                                         Louisville, KY  40202

                                         Jack Tyrrell
                                         c/o Richland Ventures
                                         Suite 400
                                         3100 West End Avenue
                                         Nashville, TN  37203-1304

                                         Casselberry Partners, L.P.
                                         c/o Douglas F. Cobb
                                         600 West Main Street
                                         Louisville, KY 40202

                                         W. Patrick Ortale, III
                                         c/o Richland Ventures
                                         Suite 400
                                         3100 West End Avenue
                                         Nashville, TN  37203-1304

                                         Michael W. Mattox

                                       12

<PAGE>

                                         c/o Premier Appraisals, Inc.
                                         Suite 1220
                                         12 Perimeter Center East
                                         Atlanta, Georgia  30346

                                         Vicki L. Brakebill
                                         1030 Berrington Circle
                                         Birmingham, Alabama  35242

                                         Windcrest Partners
                                         49th Floor
                                         122 East 42nd Street
                                         New York, NY  10168-0130

                                         Richland Ventures II, L.P.
                                         3100 West End Avenue, Suite 400
                                         Nashville, TN  37203-1304

                                         South Atlantic Private Equity Fund IV
                                         Limited Partnership
                                         and
                                         South Atlantic Private Equity Fund IV
                                         (Q.P.), Limited Partnership
                                         c/o Don Burton
                                         614 W. Bay Street, Suite 200
                                         Tampa, FL  33606

                                         Moore Global Investments, Ltd.
                                                  and
                                         Remington Investments Strategies, L.P.
                                         c/o Moore Capital Management, Inc.
                                         1251 Avenue of the Americas
                                         New York, NY  10020
                                         Attn:  Michael Heffernan

         If to Company to:               Premier Appraisals, Inc.
                                         Suite 1220
                                         12 Perimeter Center East
                                         Atlanta, Georgia  30346
                                         Attn:  Michael W. Mattox, President
                                          and Chief Executive Officer

                                       13

<PAGE>

or to such other address of which the addressee shall have notified the sender
in writing. Notices mailed in accordance with this section shall be deemed given
three days after being mailed, notices sent by overnight courier service shall
be deemed given one day after placed in the hands of a representative of such
service and notice given by facsimile shall be deemed given on the date of
transmission subject to sender's receipt of a confirmation copy.

                  14.6 DELAYS OR OMISSIONS. No delay or omission to exercise any
right, power or remedy accruing to any Holder, upon any breach or default of the
Company under this Agreement shall impair any such right, power or remedy of
such Holder nor shall it be construed to be a waiver of any such breach or
default, or an acquiescence therein, or of or in any similar breach or default
thereafter occurring; nor shall any waiver of any single breach or default be
deemed a waiver of any other breach or default theretofore or thereafter
occurring. Any waiver, permit, consent or approval

of any kind or character on the part of any Holder of any breach or default
under this Agreement or any waiver on the part of any Holder of any provisions
or conditions of this Agreement must be made in writing and shall be effective
only to the extent specifically set forth in such writing. All remedies, either
under this Agreement or by law or otherwise afforded to any Holder, shall be
cumulative and not alternative.

                  14.7 RIGHTS; SEPARABILITY. Unless otherwise expressly provided
herein, a Holder's rights hereunder are several rights, not rights jointly held
with any of the other Holders. In case any provision of the Agreement shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.

                  14.8 TITLES AND SUBTITLES. The titles of the paragraphs and
subparagraphs of this Agreement are for convenience of reference only and are
not to be considered in construing or interpreting this Agreement.

                  14.9 COUNTERPARTS. This Agreement may be executed in any
number of counterparts, each of which shall be an original, but all of which
together shall constitute one instrument.

                  14.10 PREVAILING PARTY. In the event any legal action or other
proceeding is brought by a party hereto to enforce the terms of this Agreement,
the prevailing party in such action or proceeding will be entitled to reasonable
attorneys', paralegals' and accountants' fees and costs incurred before and at
trial and at all appellate levels, in addition to all awards, judgments and
recoveries of damages obtained.

                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement effective as of the day and year first written above.

                                       14
<PAGE>

                                "COMPANY"

                                PREMIER APPRAISALS, INC.

                                ------------------------------------------
                                Michael W. Mattox, President and
                                  Chief Executive Officer

                                "INVESTORS"

                                CHRYSALIS VENTURES LIMITED
                                 PARTNERSHIP

                                By:  ______________________________________
                                Its: General Partner

                                JG PARTNERSHIP, LTD.

                                By:  ______________________________________
                                Its:  General Partner

                                JG FUNDING, LLC

                                By:  ______________________________________
                                Its:  ______________________________________

                                CASSELBERRY PARTNERS, L.P.

                                By________________________________________
                                Its:  General Partner

                                       15

<PAGE>

                                 ________________________________________
                                 J. DAVID GRISSOM

                                 ________________________________________
                                 DAVID A. JONES

                                 ________________________________________
                                 W. PATRICK ORTALE, III

                                 ________________________________________
                                 JACK TYRRELL

                                 ________________________________________
                                 MICHAEL W. MATTOX

                                 ________________________________________
                                 VICKI L. BRAKEBILL

                                 WINDCREST PARTNERS

                                 By:_______________________________________
                                 A General Partner

                                 RICHLAND VENTURES II, L.P.

                                 By:_______________________________________
                                 Its:_______________________________________

                                 SOUTH ATLANTIC PRIVATE EQUITY FUND IV,
                                 LIMITED PARTNERSHIP

                                       16
<PAGE>

                              By: South Atlantic Private Equity Partners,
                                     Limited Partnership, Its General Partner

                              By:_______________________________________
                              Its:_______________________________________

                              SOUTH ATLANTIC PRIVATE EQUITY FUND IV,
                              (Q.P.), LIMITED PARTNERSHIP

                              By: South Atlantic Private Equity Partners,
                                     Limited Partnership, Its General Partner

                              By:_______________________________________
                              Its:_______________________________________

                              MOORE GLOBAL INVESTMENTS, LTD.

                              By:_______________________________________
                              ______________ of Moore Capital Management
                              Its:  Trading Advisor

                              REMINGTON INVESTMENTS STRATEGIES, L.P.

                              By:_______________________________________
                                 _____________ of Moore Capital Advisors, LLC
                              Its:  General Partner

                                       17

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