Document:

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                               ADVISORY AGREEMENT

      THIS AGREEMENT is made this 3rd day of October, 1997 between PEOPLE'S
PREFERRED CAPITAL CORPORATION, a Maryland corporation (the "Company"), and
PEOPLE'S BANK OF CALIFORNIA, a federally chartered savings bank (the "Advisor").
Capitalized terms used herein shall have the meanings set forth in Section 1 of
this Agreement.

      WHEREAS, the Company intends to qualify as a "real estate investment
trust" ("REIT") under the Internal Revenue Code of 1986, as amended (the
"Code"); and

      WHEREAS, the Company desires to avail itself of the experience and
assistance of the Advisor and to have the Advisor undertake, on the Company's
behalf, the duties and responsibilities hereinafter set forth, subject to the
control and supervision of the Board of Directors of the Company (the "Board of
Directors") as provided for herein; and

      WHEREAS, the Advisor desires to render such services for the Company
subject to the control and supervision of the Board of Directors, on the terms
and conditions hereinafter set forth.

      NOW THEREFORE, the parties hereto agree as follows:

      SECTION 1. Definitions. As used herein, the following terms shall have the
respective meanings set forth below:

      "Advisor" has the meaning set forth in the forepart of this Agreement.

      "Advisor Termination Date" means the date on which this Agreement
terminates.

      "Agreement" means this Advisory Agreement, as amended, modified and
supplemented from time to time.

      "Board of Directors" has the meaning set forth in the forepart of this
Agreement.

      "Code" has the meaning set forth in the forepart of this Agreement.

      "Company" has the meaning set forth in the forepart of this Agreement.

      "Gross Mortgage Assets" means for any month the weighted average book
value of the real estate mortgage assets held by the Company, before reserves
for depreciation or bad debts or other similar noncash reserves, computed at the
end of such month.

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      "Independent Directors" means the members of the Board of Directors of the
Company who are either not current officers or employees of the Company or
current directors, officers or employees of the Advisor or any affiliate of the
Advisor.

      "Operating Expenses" for any period means all of the operating expenses of
the Company (with the exception of those expenses to be borne by the Advisor in
accordance with Section 4 hereof), including without limitation the following:

      (a)   interest, taxes and other expenses incurred in connection with the
            mortgage assets of the Company;

      (b)   expenses related to the officers, directors and employees of the
            Company, including without limitation any fees or expenses of the
            directors;

      (c)   fees and expenses payable to accountants, appraisers, auditors,
            consultants, attorneys, collection and paying agents and all other
            Persons who contract with or are retained by the Company or by the
            Advisor on behalf of the Company;

      (d)   legal and other expenses incurred in connection with advice
            concerning, obtaining or maintaining the Company's status as a REIT,
            the determination of the Company's taxable income, any formal or
            informal administrative action or legal proceedings which involve a
            challenge to the REIT status of the Company or any claim that the
            activities of the Company, any member of the Board of Directors or
            any officer were improper;

      (e)   expenses relating to communications and reports to stockholders of
            the Company, including without limitation the costs of preparing,
            printing, duplicating and mailing the certificates for the stock of
            the Company, proxy solicitation materials and reports to
            stockholders, and the costs of arranging meetings of stockholders;

      (f)   the costs of insurance described in Section 2 hereof, including
            directors and officers liability insurance covering the directors
            and officers of the Company;

      (g)   expenses relating to the acquisition, disposition and ownership of
            mortgage assets, including without limitation and to the extent not
            paid by others, legal fees and other expenses for professional
            services and fees;

      (h)   expenses connected with the payments of dividends or interest or
            distributions in cash or any other form made or caused to be made by
            the Board of Directors to the stockholders of the Company;

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      (i)   expenses connected with any office or office facilities maintained
            by the Company separate from the office of the Advisor, including
            without limitation rent, telephone, utilities, office furniture and
            equipment and machinery; and

      (j)   other miscellaneous expenses of the Company which are not expenses
            of the Advisor under Section 4.

      "Person" means and includes individuals, corporations, limited
partnerships, general partnerships, joint stock companies or associations,
limited liability companies, joint ventures, associations, consortia, companies,
trusts, banks, savings institutions, trust companies, land trusts, common law
trusts, business trusts or other entities, governments and agencies and
political subdivisions thereof.

      "REIT" has the meaning set forth in the forepart of this Agreement.

      SECTION 2. Duties of Advisor. The Advisor shall consult with the Board of
Directors and the officers of the Company and shall, at the request of the Board
of Directors or the officers of the Company, furnish advice and recommendations
with respect to all aspects of the business and affairs of the Company. Subject
to the control and discretion and at the request of the Board of Directors, the
Advisor shall:

      (a)   administer the day-to-day operations and affairs of the Company,
            including without limitation the performance or supervision of the
            functions described in this Section 2;

      (b)   monitor the credit quality of the mortgage loans and other real
            estate and other assets held by the Company;

      (c)   advise the Company with respect to the acquisition, management,
            financing and disposition of the Company's mortgage loans and other
            real estate and other assets;

      (d)   represent the Company in its day-to-day dealings with Persons with
            whom the Company interacts, including without limitation
            stockholders of the Company, the transfer agent, consultants,
            accountants, attorneys, servicers of the Company's mortgage loans,
            custodians, insurers and banks;

      (e)   establish and provide necessary services for the Company, including
            executive, administrative, accounting, stockholder relations,
            secretarial, recordkeeping, copying, telephone, mailing and
            distribution facilities;

      (f)   [reserved]

      (g)   arrange, schedule and coordinate the regular and special meetings of
            the Board of Directors required for the conduct of the affairs of
            the Company or for timely action on any

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            matters the Company is required to act upon and implement all
            decisions of the Board of Directors, unless otherwise instructed,
            with regard to the Company and its assets;

      (h)   maintain communications and relations with the stockholders of the
            Company, including, but not limited to, responding to inquiries,
            proxy solicitations, providing reports to stockholders and arranging
            and coordinating all meetings of stockholders;

      (i)   arrange for the investment and management of any short-term
            investments of the Company;

      (j)   arrange for the services of third parties to collect and distribute
            funds of the Company and to perform such functions as the Board of
            Directors shall from time to time require;

      (k)   monitor and supervise the performance of all parties who have
            contracts to perform services for the Company, provided that the
            Advisor shall have no duty to assume the obligations or guarantee
            the performance of such parties under such contracts;

      (l)   establish and maintain such bank accounts in the name of the Company
            as may be required by the Company and approved by the Board of
            Directors and ensure that all funds collected by the Advisor in the
            name or on behalf of the Company shall be held in trust and shall
            not be commingled with the Advisor's own funds or accounts;

      (m)   make payment on behalf of the Company of all Operating Expenses;

      (n)   arrange for the execution and delivery of such documents and
            instruments by the officers of the Company as may be required in
            order to perform the functions herein described and to take any
            other required action;

      (o)   arrange for insurance for the Company including liability insurance,
            errors and omissions policies and officers and directors policies,
            which shall cover and insure the Company, members of the Board of
            Directors and the officers of the Company in amounts and with
            deductibles and insurers approved by the Board of Directors;

      (p)   maintain proper books and records of the Company's affairs and
            furnish or cause to be furnished to the Board of Directors such
            periodic reports and accounting information as may be required from
            time to time by the Board of Directors, including, but not limited
            to quarterly reports of all income and expenses of and distributions
            of the Company;

      (q)   consult and work with legal counsel for the Company in implementing
            Company decisions and undertaking measures consistent with all
            pertinent Federal, state and local laws and rules or regulations of
            governmental or quasi-governmental agencies, including, but not

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            limited to, Federal and state securities laws, the Code, as it
            relates to the Company's qualification as a REIT, and the
            regulations promulgated under each of the foregoing;

      (r)   consult and work with accountants for the Company in connection with
            the preparation of financial statements, annual reports and tax
            returns;

      (s)   arrange for an annual audit of the books and records of the Company
            by the accounting firm designated for such purposes by the Board of
            Directors;

      (t)   prepare and distribute in consultation with the accountants for the
            Company, annual reports to stockholders which will contain audited
            financial statements;

      (u)   furnish reports to the Board of Directors and provide research,
            economical and statistical data in connection with the Company's
            investments; and

      (v)   as reasonably requested by the Company, make reports to the Company
            of its performance of the foregoing services and furnish advice and
            recommendations with respect to other aspects of the business of the
            Company.

      SECTION 3. Compensation. The Company shall pay to the Advisor, for
services rendered by the Advisor hereunder, an annual management fee equal to
Two Hundred Thousand Dollars ($200,000), payable in equal quarterly
installments.

      SECTION 4. Expenses of the Advisor.

      (a)   Without regard to the compensation received pursuant to Section 3,
            the Advisor will bear the following expenses:

            (i)   employment expenses of the personnel employed by the Advisor,
                  including without limitation salaries, wages, payroll taxes
                  and the cost of employee benefit plans; and

            (ii)  rent, telephone equipment, utilities, office furniture and
                  equipment and machinery and other office expenses of the
                  Advisor incurred in connection with the maintenance of any
                  office facility of the Advisor.

      (b)   The Company shall reimburse the Advisor within 30 days of a written
            request by the Advisor, for any Operating Expenses paid or incurred
            by the Advisor on behalf of the Company.

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      SECTION 5. Records. The Advisor shall maintain appropriate books of
account and records relating to services performed hereunder, and such books of
account an records shall be accessible for inspection by the Board of Directors
or representatives of the Company at all times.

      SECTION 6. REIT Qualification and Compliance. The Advisor shall consult
and work with the Company's legal and tax counsel in maintaining the Company's
qualification as a REIT. Notwithstanding any other provisions of this Agreement
to the contrary, the Advisor shall refrain from any action which, in its
reasonable judgment or in the judgment of the Board of Directors (of which the
Advisor has received written notice), would adversely affect the qualification
of the Company as a REIT or which would violate any law, rule or regulation of
any governmental body or agency having jurisdiction over the Company or its
securities, or which would otherwise not be permitted by the Articles of
Incorporation or Bylaws of the Company. Furthermore, the Advisor shall take any
action which, in its judgment or the judgment of the Board of Directors (of
which the Advisor has received written notice), may be necessary to maintain the
qualification of the Company as a REIT or prevent the violation of any law or
regulation of any governmental body or agency having jurisdiction over the
Company or its securities.

      SECTION 7. Term; Termination. This Agreement shall be in full force and
effect for a term beginning on the date hereof with an initial term of five
years, and will be renewed automatically for additional five year periods unless
the Company delivers a notice of nonrenewal to the Advisor not less than 90 days
prior to the expiration of the initial term of this Agreement or 90 days prior
to the expiration of any renewal term. Notwithstanding the foregoing, at any
time after the initial term, the Company may terminate this Agreement at any
time upon 90 days' prior notice.

      SECTION 8. Other Activities of the Advisor.

      (a)   Nothing herein contained shall prevent the Advisor, an affiliate of
            the Advisor or an officer, a director, employee or stockholder of
            the Advisor from engaging in any activity, including without
            limitation originating, purchasing and managing mortgage loans and
            other real estate assets, rendering of services and investment
            advice with respect to real estate investment opportunities to any
            other Person (including other REITs) and managing other investments
            (including the investments of the Advisor and its affiliates).

      (b)   Directors, officers, stockholders, employees and agents of the
            Advisor or of the affiliates of the Advisor may serve as directors,
            officers, employees or agents of the Company but shall receive no
            compensation (other than reimbursement for expenses) from the
            Company for such service.

      SECTION 9. Binding Effect; Assignment. This Agreement shall inure to the
benefit of and shall be binding upon the parties hereto and their respective
successors and assigns. Neither party may assign this Agreement or any of its
respective rights hereunder (other than an assignment to a successor

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organization which acquires substantially all of the property of such party or,
in the case of the Advisor, to an affiliate of the Advisor) without the prior
written consent of the other party to this Agreement.

      SECTION 10. Subcontracting. The Advisor may at any time subcontract all or
a portion of its obligations under this Agreement to any affiliate of the
Advisor without the consent of the Company or if no affiliate of the Advisor is
engaged in the business of managing mortgage assets to an unaffiliated third
party with the approval of a majority of the Board of Directors as well as a
majority of the Independent Directors. Notwithstanding the foregoing, the
Advisor will not, in connection with subcontracting any of its obligations under
this Agreement, be relieved or discharged in any respect from its obligations
under this Agreement.

      SECTION 11. Liability and Indemnity of the Advisor. The Advisor assumes no
responsibilities under this Agreement other than to perform the services called
for hereunder in good faith. Neither the Advisor nor any of its affiliates,
stockholders, directors, officers or employees will have any liability to the
Company, or stockholders of the Company, or others except by reason of acts or
omissions constituting gross negligence or willful breach of any of its material
obligations under this Agreement. The Company shall indemnify and reimburse (if
necessary) the Advisor, its stockholders, directors, officers, employees and
agents for any and all expenses (including without limitation attorneys' fees
and expenses), losses, damages, liabilities, demands and charges of any nature
whatsoever in respect of or arising from any acts or omissions by the Advisor
pursuant to this Agreement, provided that the conduct against which the claim is
made was determined by such person, in good faith, to be in the best interest of
the Company and was not the result of gross negligence by such person or willful
breach of any of such person's material obligations by such person. The Advisor
agrees that any such indemnification is recoverable only from the assets of the
Company and not from the stockholders.

      SECTION 12. Action Upon Notice of Non-Renewal or Termination. Forthwith
upon giving of notice of non-renewal of this Agreement by the Company or of
termination of this Agreement by the Company, the Advisor shall not be entitled
to compensation after the Advisor Termination Date for further services under
this Agreement, but shall be paid all compensation accruing to the Advisor
Termination Date and shall be reimbursed for all expenses of the Company paid or
incurred by the Advisor as of the Advisor Termination Date which are
reimbursable by the Company under this Agreement. The Advisor shall promptly
after the Advisor Termination Date:

      (i)   deliver to the Company all assets and documents of the Company then
            in the custody of the Advisor; and

      (ii)  cooperate with the Company and take all reasonable steps requested
            to assist the Board of Directors in making an orderly transfer of
            the administrative functions of the Company.

      SECTION 13. No Joint Venture or Partnership. Nothing in this Agreement
shall be deemed to create a partnership or joint venture between the parties,
whether for purposes of taxation or otherwise.

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      SECTION 14. Notices. Unless expressly provided otherwise herein, all
notices, request, demands and other communications required or permitted under
this Agreement shall be in writing and shall be made by hand delivery, certified
mail, overnight courier service, telex or telecopier. Any notice shall be duly
addressed to the parties as follows:

      If to the Company:

            People's Preferred Capital Corporation
            5900 Wilshire Boulevard
            Los Angeles, California 90036
            Attention: Corporate Secretary

      If to the Advisor:

            People's Bank of California
            5900 Wilshire Boulevard
            Los Angeles, California 90036
            Attention: Corporate Secretary

      Either party may alter the address to which communications or copies are
to be sent by giving notice of such change of address in conformity with the
provisions of this Section 14 for the giving of notice.

      SECTION 15. Severability. If any term or provision of this Agreement or
the application thereof with respect to any Person or circumstance shall, to any
extent, be invalid or unenforceable, the remainder of this Agreement, or the
application of that term or provision to persons or circumstances other than
those as to which it is held invalid or unenforceable, shall not be affected
thereby, and each term and provision of this Agreement shall be valid and be
enforced to the fullest extent permitted by law.

      SECTION 16. Governing Law. This Agreement and all questions relating to
its validity, interpretation, performance and enforcement shall be governed by
and construed, interpreted and enforced in accordance with the laws of the State
of California.

      SECTION 17. Amendments. This Agreement shall not be amended changed,
modified, terminated or discharged in whole or in part except by an instrument
in writing signed by both parties hereto or their respective successors or
assigns, or otherwise as provided herein.

      SECTION 18. Headings. The section headings herein have been inserted for
convenience of reference only and shall not be construed to affect the meaning,
construction or effect of this Agreement.

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

                                        PEOPLE'S PREFERRED CAPITAL CORPORATION

                                        By: /s/ J. Michael Holmes
                                            ------------------------------------
                                            Name: J. Michael Holmes
                                            Title: Executive Vice President /
                                                   Chief Financial Officer

                                        PEOPLE'S BANK OF CALIFORNIA

                                        By: /s/ J. Michael Holmes
                                            ------------------------------------
                                            Name: J. Michael Holmes
                                            Title: Executive Vice President /
                                                   Chief Financial Officer

                                        By: /s/ William W. Flader
                                            ------------------------------------
                                            Name: William W. Flader
                                            Title: Executive Vice President

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                                       19<PAGE>

                                                                    EXHIBIT 10.6

                              AMENDED AND RESTATED
                                 PROMISSORY NOTE
                                    NO. 2437

$5,399,316.86                                           Doylestown, Pennsylvania
                                                               December 21, 1999

        FOR VALUE RECEIVED AND INTENDING TO BE LEGALLY BOUND, MEDICAL RESOURCES,
INC., a Delaware corporation with an office at 155 State Street, Hackensack, New
Jersey 07601 ("BORROWER"), hereby promises to pay to the order of DVI FINANCIAL
SERVICES INC. with an office at 500 Hyde Park, Doylestown, Pennsylvania 18901
("LENDER"), the principal sum of Five Million Three Hundred Ninety-Nine Thousand
Three Hundred Sixteen Dollars and Eighty-Six cents ($5,399,316.86), together
with interest thereon upon the terms and conditions hereinafter set forth.

        1.     INTEREST RATE. Interest on the unpaid principal balance hereof
will accrue from the date hereof until final payment thereof at the rate of ten
and two hundred sixty-five one hundredths percent (10.265%) per annum. Interest
shall be calculated on the basis of a three hundred sixty (360) day year
comprised of twelve (12) 30-day months for the actual number of days elapsed in
such calendar year.

        2.     DEFAULT RATE. Notwithstanding the foregoing, interest will accrue
and be payable on the outstanding principal amount hereof and all other sums
payable under the Loan Documents, as defined in SECTION 8 hereof, following the
occurrence of an Event of Default, until paid, at a rate of eighteen percent
(18%) per annum (the "DEFAULT RATE"). Any judgment obtained for sums due
hereunder or under the Loan Documents will accrue interest at the Default Rate
until paid.

        3.     PAYMENTS. Principal and accrued interest thereon is due and
payable in (i) seventeen (17) equal consecutive monthly payments in the amount
of Three Hundred Twenty-Four Thousand Eight Hundred Eighty-Nine Dollars
($324,889.00) each, with the first such payment due and payable on January 30,
2000 and like payments due on the thirtieth (30th) day of each month thereafter;
and (ii) one final payment in the amount of the outstanding principal balance
hereof, together with all accrued and unpaid interest thereon and all other
fees, costs and expenses payable hereunder or under the Loan Documents (as
hereinafter defined), due on June 30, 2001.

        4.     FEES. On or before the date hereof, Borrower shall pay to Lender
a refinance fee of Fifty-Three Thousand Nine Hundred Ninety-Three Dollars and
Seventeen Cents ($53,993.17) and shall bring current its payments due
(including, without limitation, the payment due in December 1999) under the
Prior Note (as defined below) in the aggregate amount of One Hundred Seventy
Thousand Nine Hundred Sixty-Two Dollars and Eleven Cents ($170,962.11).

        5.     PREPAYMENT. The obligations of the Borrower hereunder may be
prepaid, in whole or in part, at any time without penalty.

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        6.     PLACE OF PAYMENT. Principal and interest hereunder shall be
payable at the office of Lender set forth in the heading hereof, or at such
other place as Lender, from time to time, may designate in writing.

        7.     APPLICATION OF PAYMENTS. Any and all payments on account of this
Note shall be applied, at the option of Lender, to accrued and unpaid interest,
outstanding principal and other sums due hereunder or under the Loan Documents,
in such order as Lender, in its sole discretion, elects. Borrower agrees that,
to the extent Borrower makes a payment or payments and such payment or payments,
or any part thereof, are subsequently invalidated, declared to be fraudulent or
preferential, set aside or are required to be repaid to a trustee, receiver, or
any other party under any bankruptcy act, state or federal law, common law or
equitable cause, then to the extent of such payment or payments, the obligations
or part thereof hereunder intended to be satisfied shall be revived and
continued in full force and effect as if said payment or payments had not been
made.

        8.     LOAN DOCUMENTS. This Note, those certain Common Stock Purchase
Warrant Nos. 1 and 2 granted by Borrower to DVI, and all other documents
executed or delivered in connection herewith, as any of them may be amended from
time to time, shall be collectively referred to as the "LOAN DOCUMENTS". All of
Borrower's obligations and liabilities hereunder and under any of the other Loan
Documents shall be collectively referred to as the "DVI INDEBTEDNESS".

        9.     BORROWER'S REPRESENTATIONS AND WARRANTIES. Borrower represents
and warrants to Lender as follows:

               (a)    Borrower is duly organized and existing under the laws of
the State of its formation without limit as to the duration of its existence,
and is authorized and in good standing to do business in said State; Borrower
has corporate powers and adequate authority, rights and franchises to own its
own property and to carry on its business as now conducted, and is duly
qualified and in good standing in each state in which the character of the
properties owned by it therein or the conduct of its business makes such
qualifications necessary; and Borrower has the corporate power and adequate
authority to make and carry out this Agreement.

               (b)    The execution, delivery and performance of this Note and
the other Loan Documents are duly authorized and do not, to the best of the
Borrower's knowledge, require the consent or approval of any governmental body
or other regulatory authority; are not in contravention of or in conflict with
any law, regulation or any term or provision of its articles of formation or
bylaws, and this Note and the other Loan Documents are valid and binding
obligations of Borrower legally enforceable in accordance with their terms.

               (c)    The execution, delivery and performance of this Note and
the other Loan Documents will not contravene or conflict with any agreement,
indenture or undertaking to which Borrower is a party or by which it or any of
its property may be bound by or affected, and will not cause any lien, charge or
other encumbrance to be created or imposed upon any such property by reason
thereof.

                                        2
<PAGE>

        10.    EVENTS OF DEFAULT. For purposes hereof, each of the following
shall constitute an Event of Default ("EVENT OF DEFAULT") hereunder and under
each of the Loan Documents: (a) The failure of Borrower to pay any amount of
principal or interest on this Note, any fee or other sums payable hereunder or
any other DVI Indebtedness on the date on which such payment is due, whether on
demand, at the stated maturity or due date thereof or otherwise and such failure
continues unremedied for a period of five (5) days after the date such payment
is first due; (b) The failure of Borrower to duly perform or observe any
obligation, covenant or agreement on its part contained herein or in any other
Loan Document not otherwise specifically constituting an Event of Default under
this SECTION 10 and such failure continues unremedied for a period of fifteen
(15) days after notice of the existence of such failure from Lender; (c) The
occurrence of an event of acceleration under (i) the Loan Documents or any other
agreement, instrument or document by and between Borrower and Lender, whether or
not related to this Note, or (ii) under any loan, security agreement, mortgage
or other agreement, instrument or documents by and between Borrower and any
third party evidencing any material indebtedness for borrowed money; (d) The
adjudication of Borrower as a bankrupt or insolvent, or the entry of an Order
for Relief against Borrower or the entry of an order appointing a receiver or
trustee for Borrower or any of their property or approving a petition seeking
reorganization or other similar relief under the bankruptcy or other similar
laws of the United States or any state or any other competent jurisdiction; (e)
A proceeding under any bankruptcy, reorganization, arrangement of debt,
insolvency, readjustment of debt or receivership law is filed by or (unless
dismissed or stayed within 60 days) against Borrower, or Borrower makes an
assignment for the benefit of creditors or Borrower takes any action to
authorize any of the foregoing; (f) The entry of a final judgment for the
payment of money against Borrower in an amount in excess of One Hundred Fifty
Thousand Dollars, individually or in the aggregate, which, within twenty (20)
days after such entry, shall not have been discharged or execution thereof
stayed pending appeal; (g) Any representation or warranty of Borrower in any of
the Loan Documents is discovered to be untrue in any material respect or any
statement, certificate or data furnished by Borrower pursuant hereto is
discovered to be untrue in any material respect as of the date as of which the
facts therein set forth are stated or certified; (h) Borrower voluntarily or
involuntarily dissolves or is dissolved, liquidates or is liquidated; or (i) The
validity or enforceability of this Note or any of the Loan Documents is
contested by the Borrower; or Borrower denies that it has any or any further
liability or obligation hereunder or thereunder.

        11.    REMEDIES. Upon the occurrence of an Event of Default, Lender, at
its option and without notice to Borrower, may declare immediately due and
payable the entire DVI Indebtedness, together with interest accrued thereon at
the applicable rate specified herein to the date of the Event of Default and
thereafter at the Default Rate. Payment thereof may be enforced and recovered in
whole or in part at any time by one or more of the remedies in this Note or in
the Loan Documents, or as may be available to Lender at law or in equity.

        12.    DELAY OR OMISSION NOT WAIVER. Neither the failure nor any delay
on the part of Lender to exercise any right, remedy, power or privilege under
the Loan Documents upon the occurrence of any Event of Default or otherwise
shall operate as a waiver thereof or impair any such right, remedy, power or
privilege.

                                       3
<PAGE>

        13.    REMEDIES CUMULATIVE. The rights, remedies, powers and privileges
provided for herein or in the Loan Documents shall not be deemed exclusive, but
shall be cumulative and shall be in addition to all other rights, remedies,
powers and privileges in Lender's favor at law or in equity.

        14.    SUBMISSION TO JURISDICTION. Borrower hereby consents to the
jurisdiction of any state or federal court located within the Commonwealth of
Pennsylvania, and irrevocably agrees that, subject to Lender's election, any
actions or proceedings relating to the Loan Documents or the transactions
contemplated hereunder may be litigated in such courts, and Borrower waives any
objection which it may have based on lack of personal jurisdiction, improper
venue or FORUM NON CONVENIENS to the conduct of any proceeding in any such court
and waives personal service of any and all process upon it, and consents that
all such service of process be made by mail or messenger directed to it at the
address set forth in SECTION 16. Nothing contained in this SECTION 14 shall
affect the right of Lender to serve legal process in any other manner permitted
by law or affect the right of Lender to bring any action or proceeding against
Borrower or its property in the courts of any other jurisdiction.

        15.    FEES, COSTS AND EXPENSES. Borrower shall pay upon demand all
reasonable third-party costs and expenses incurred by Lender in connection with
the negotiation, documentation, administration and enforcement of the Loan
Documents and the DVI Indebtedness, including without limitation all reasonable
legal fees and costs.

        16.    COMMUNICATIONS AND NOTICES. All notices, requests and other
communications made or given in connection with the Loan Documents shall be in
writing and, unless receipt is stated herein to be required, shall be deemed to
have been validly given if delivered personally to the individual or division or
department to whose attention notices to a party are to be addressed, or by
private carrier, or registered or certified mail, return receipt requested, or
by telecopy with the original forwarded by first-class mail, in all cases, with
charges prepaid, addressed as follows, until some other address (or individual
or division or department for attention) shall have been designated by notice
given by one party to the other:

        To Obligor:

               Medical Resources, Inc.
               155 State Street
               Hackensack, NJ  07601
               Attention:  Geoffrey  A.  Whynot,
               Co-Chief  Executive  Officer  & Chief  Financial Officer
               Telecopier:  (201) 342-1784

                                       4
<PAGE>

        To Lender:

               DVI Financial Services Inc.
               500 Hyde Park
               Doylestown, PA  18901
               Attention:  Vice President - Credit
               Telecopier: (215) 230-8108

        With a copy to:

               DVI Financial Services Inc.
               500 Hyde Park
               Doylestown, PA 18901
               Attention:  Legal Department
               Telecopier:  (215) 345-7759

        17.    LIMITATION OF INTEREST TO MAXIMUM LAWFUL RATE. In no event shall
the rate of interest payable hereunder exceed the maximum rate of interest
permitted to be charged by applicable law (including the choice of law rules)
and any interest paid in excess of the permitted rate shall be refunded to
Borrower. Such refund shall be made by application of the excessive amount of
interest paid against any sums outstanding and shall be applied in such order as
Lender may determine. If the excessive amount of interest paid exceeds the sums
outstanding, the portion exceeding the said sums outstanding shall be refunded
in cash by Lender. Any such crediting or refund shall not cure or waive any
default by Borrower hereunder. Borrower agrees, however, that in determining
whether or not any interest payable under this Note exceeds the highest rate
permitted by law, any non-principal payment, including, without limitation, late
charges, loan fees and expenses are and shall be deemed to the extent permitted
by law to be late charges, loan fees or expenses, as applicable, and not
interest.

        18.    NO NOVATION. This Promissory Note amends and restates that
certain Promissory Note dated December 29, 1997 by Borrower in favor of Lender
in the original principal amount of Fifteen Million Dollars ($15,000,000.00)
(the "PRIOR NOTE"). Nothing contained herein shall be deemed to constitute a
novation, termination or release of Borrower's obligations under the Prior Note;
provided, however, that this Note evidences the entire indebtedness of Borrower
hereunder and under the Prior Note and to the extent of any inconsistency
between this Note and the Prior Note, this Note shall prevail.

        19.    LAW GOVERNING. This Note will be construed in accordance with and
governed by the laws of the Commonwealth of Pennsylvania (without giving effect
to any principles of conflicts of law).

        20.    ASSIGNMENT OR SALE BY LENDER. Upon Borrower's prior written
consent, which shall not be unreasonably withheld, Lender may sell, assign or
participate all or a portion of its interest in this Note and/or any of the Loan
Documents and in connection therewith may make available to any prospective
purchaser, assignee or participant any information relative to Borrower in its
possession. Nothing contained in this provision shall be deemed to prohibit
Lender from pledging this Note or any of the Loan Documents as collateral for
Lender's indebtedness to its lenders.

                                       5
<PAGE>

        21.    NO ASSIGNMENT BY BORROWER. Borrower may not assign any of its
rights hereunder without the prior written consent of Lender, and Lender shall
not be required to lend hereunder except to Borrower as it presently exists.

        22.    BINDING EFFECT. This Note and all rights and powers granted
hereby will bind and inure to the benefit of the parties hereto and their
respective permitted successors and assigns.

        23.    MODIFICATIONS. No modification of this Note or any of the Loan
Documents shall be binding or enforceable unless in writing and signed by or on
behalf of the party against whom enforcement is sought.

        24.    JURY TRIAL WAIVER. BORROWER AND LENDER WAIVE ANY RIGHT TO TRIAL
BY JURY ON ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (a) ARISING UNDER ANY OF
THE LOAN DOCUMENTS OR (b) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO
THE DEALINGS OF BORROWER OR LENDER WITH RESPECT TO ANY OF THE LOAN DOCUMENTS OR
THE TRANSACTIONS RELATED HERETO OR THERETO, IN EACH CASE WHETHER SOUNDING IN
CONTRACT OR TORT OR OTHERWISE. BORROWER AND LENDER AGREE AND CONSENT THAT ANY
SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL
WITHOUT A JURY, AND THAT ANY PARTY TO THE LOAN DOCUMENTS MAY FILE AN ORIGINAL
COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE
CONSENT OF BORROWER AND LENDER TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.
BORROWER ACKNOWLEDGES THAT IT HAS HAD THE OPPORTUNITY TO CONSULT WITH COUNSEL
REGARDING THIS SECTION, THAT IT FULLY UNDERSTANDS ITS TERMS, CONTENT AND EFFECT,
AND THAT IT VOLUNTARILY AND KNOWINGLY AGREES TO THE TERMS OF THIS SECTION.

        IN WITNESS WHEREOF, Borrower, intending to be legally bound hereby, has
caused this Note to be duly executed the day and year first above written.

                                             MEDICAL RESOURCES, INC.

                                             By:      /s/ GEOFFREY A. WHYNOT
                                                    ---------------------------
                                             Name:   GEOFFREY A. WHYNOT
                                                    ---------------------------
                                             Title:   CFO
                                                    ---------------------------

                                       6
<PAGE>

The undersigned hereby joins in this Note for the sole purpose of evidencing its
agreement to the waiver of jury trial contained in SECTION 24.

                                             DVI FINANCIAL SERVICES INC.

                                             By:      /s/ RICHARD E MILLER
                                                    ---------------------------
                                             Name:   RICHARD E MILLER
                                                    ---------------------------
                                             Title:   PRESIDENT
                                                    ---------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}]]