Document:

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                                                                    EXHIBIT 10.2

                              ASSIGNMENT OF CLAIM

     1.   Davel Communications, Inc. its successors and assigns ("Assignor"),
for good and valuable consideration paid to the Assignor's account set forth on
Schedule I attached hereto, in the amount identified on Schedule I attached
hereto as the Initial Purchase Price, hereby absolutely and unconditionally
sells, transfers and assigns unto DEUTSCHE BANK SECURITIES INC., and its
successors and assigns, with offices at 31 West 52nd Street, New York, New York
10019 ("Assignee"), all right, title and interest in and to that certain claim
of Assignor against MCI Worldcom Network Services, Inc. ("Debtor"), the
debtor-in-possession in the chapter 11 reorganization case, Case No. 02-42229
(the "Case"), in the United States Bankruptcy Court for the Southern District of
New York (the "Bankruptcy Court"), and all of its right, title and interest in
and to the following (excluding, however, the "Retained Interest" as that term
is hereinafter defined) (a) the Proof of Claim (as defined below) and all
agreements, instruments, invoices, purchase orders, proofs of delivery and all
other documents evidencing, or relating to the claim and supporting the filing
of a proof of claim against the Debtor in the Claim Amount (as defined below);
(b) all of Assignor's right to receive principal, interest, fees, expenses,
damages, penalties and other amounts in respect of, or in connection with, any
of the foregoing; and (c) all other claims, causes of action against the Debtor,
its affiliates, any guarantor or other third party relating to or arising from
assessment of dial-around compensation for the periods denoted in the Proof of
Claim, together with voting and other rights and benefits arising from, under or
relating to any of the foregoing, including, without limitation, all of
Assignor's rights to receive cash, securities, instruments and/or other property
or distributions issued in connection with any of the foregoing or the Case
(collectively, the "Claim"). For purposes of this Agreement, the term Retained
Interest shall mean all of Assignor's right, title and interest in and to any
judgments, orders, proceeds, distributions or payments entered, made or
delivered in respect of the litigation (the "Litigation") commenced by APCC
Services, Inc. on behalf of, among others, the Assignor against the Debtor that
is currently pending, but stayed, in the United States District Court for the
District of Columbia, Case No. 1:01CV00638 and any appeals or removals to the
Bankruptcy Court therefrom or any similar litigation commenced by APCC Services,
Inc. on behalf of the Assignor against the Debtor in Bankruptcy Court in
connection therewith. The Retained Interest shall include any rights of the
Assignor to direct APCC Services, Inc. on issues, participate, or be heard, in
the Litigation. The Retained Interest shall not include any right of Assignor to
vote the Claim in connection with a plan or reorganization or liquidation in the
Case. The Initial Purchase Price shall be made by wire transfer within four
business days after execution of this Agreement.

     2.   Assignor represents, warrants and covenants to Assignee that as of the
date set forth on the signature page hereto, (i) a proof of claim (the "Proof of
Claim") in the amount of $21,418,744.38 (the "Proof of Claim Amount"), including
$13,514,510.64 representing the Retained Interest, has been duly and timely
filed in the Bankruptcy
<PAGE>

Case with respect to the Claim and a true and complete copy of the Proof of
Claim is attached hereto as "Exhibit B", (ii) the Proof of Claim has not been
revoked, withdrawn, or otherwise retracted or modified and no right thereunder
has been waived, (iii)(iv) and it is the intent of the parties that Assignee
shall be entitled to identify itself as the owner of that portion of the Proof
of Claim that excludes the Litigation Portion on the records of the Bankruptcy
Court.

     3.  Assignor further represents, warrants and covenants that, as of the
date set forth on the signature page hereof (a) the Claim is a valid,
liquidated, non-contingent, undisputed claim against the Debtor in at least the
amount of $1,015,150 (the "Claim Amount"), which is valid and enforceable
against the Debtor; (b) the Claim is listed in the Debtor's schedule of
liabilities filed by the Debtor in the Case (the "Schedule"), as liquidated,
non-contingent and undisputed in the Claim Amount; (c) except for the consent of
certain of Assignor's lenders as evidenced in "Exhibit D" (the "Lender's
Consent"), and a filing of a Bankruptcy Rule 3001 (e) notice, no other consent,
approval, filing or corporate, partnership or other action is required as a
condition to, or otherwise in connection with, the execution, delivery and
performance of this Assignment of Claim agreement (this "Agreement") by
Assignor; (d) this Agreement has been duly authorized, executed and delivered by
Assignor and Assignor has the requisite power and authority to execute, deliver
and perform this Agreement and the transactions contemplated by this Agreement
are not in contravention of any law, order, regulation or agreement by which
Assignor is bound; (e) this Agreement constitutes the valid, legal and binding
agreement of Assignor, enforceable against Assignor in accordance with its
terms, subject to bankruptcy, insolvency and similar laws affecting creditors'
rights in general and the availability of equitable remedies; (f) no payment or
other distribution has been received by Assignor, or by any third party on
behalf of Assignor, in full or partial satisfaction of, or in connection with
the Claim; (g) no portion of the Claim has been sold, assigned or pledged to any
third party in whole or in part; (h) Assignor has not engaged in any acts,
conduct or omissions that might result in Assignee receiving in respect of the
Claim proportionately less payments or distributions or less favorable treatment
than any other general unsecured creditors; (i) the Claim is not subject to any
factoring agreement; (j) Assignor owns, has and is hereby selling to Assignee
good and sole legal and beneficial title to the Claim free and clear of any and
all liens, security interests, encumbrances or claims of any kind or nature
whatsoever except as waived or released by the Lender's Consent; (k) the basis
for the Claim is amounts due and owing by the Debtor arising from the sale, of
goods or merchandise or other rendering of services to the Debtor in the
ordinary course of its business pursuant to ordinary business terms; (l) true
and complete copies of all agreements, instruments, invoices, summary of
invoices, purchase orders, proofs of delivery and other documents evidencing or
relating to the Claim are annexed hereto as Exhibit "A"; (m) Assignor has no
liability or obligation related to or in connection with the Claim or the Case;
(n) no objection to the Claim has been filed or threatened; (o) to the best of
Assignor's knowledge, the Claim is not subject to any defense, claim or right of
setoff, reduction, impairment, avoidance, disallowance, subordination or
preference action (whether or not under Section 547 of the Bankruptcy Code), in
whole or in part, whether on contractual, legal or equitable grounds, that have
been asserted by or on behalf of the Debtor or any other party; (p) no offer to
sell or solicitation of any offer to buy the Claim has been made by or at the
direction of the

                                      -2-

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Assignor in a manner that would violate or require registration under the
Securities Act of 1933, as amended; (q) except as waived or released by the
Lender's Consent no creditors of Assignor shall have an interest of any kind to
the Claim nor shall any such creditors file proofs of claim asserting such
interest; and (r) the Assignor is as the record holder of the Claim.

     4.     (a) Assignor is aware that the consideration being paid by Assignee
hereunder may differ both in kind and amount from the amount ultimately
distributed with respect to the Claim pursuant to any plan of reorganization
which is confirmed for the Debtor, any liquidation or any other distribution in
the case. Assignor further represents, warrants and covenants that it has
adequate information concerning the financial condition of the Debtor and the
Case to make an informed decision regarding the sale of the Claim and that it
has independently and without reliance on Assignee, and based on such
information as Assignor has deemed appropriate, made its own decision to enter
into this Agreement. Assignor is aware that information which may be pertinent
to Assignor's decision to transfer the Claim is available to Assignor and may be
obtained from the Bankruptcy Court's files. Assignor acknowledges and confirms
that (i) Assignee may now possess and/or may hereafter come into possession of
certain non-public information concerning the Claim and/or the Debtor that is
not known to Assignor and that may be material to a decision to sell the Claim,
(ii) Assignor has not requested to receive such information and has determined
to sell the Claim, (ii) Assignor has not requested to receive such information
and has determined to sell the Claim notwithstanding its lack of knowledge
thereof, and (iii) Assignee shall have no liability to Assignor with respect to
the non-disclosure of such information and Assignor hereby waives and releases
any claims it may have against Assignee or any other person, whether pursuant to
applicable securities laws or otherwise, with respect to such information.
Assignor further represents, warrants and covenants that it is not and has not
been an "insider" (as defined in Section 101 (31) of the Bankruptcy Code) of the
Debtor or a member of any official or unofficial committee in respect of the
Case.

            (b)    Assignee is aware that the consideration being paid by
Assignee hereunder may differ both in kind and amount from the amount ultimately
distributed with respect to the Claim pursuant to any plan of reorganization
which is confirmed for the Debtor, any liquidation or any other distribution in
the case. Assignee further represents, warrants and covenants that it has
adequate information concerning the financial condition of the Debtor and the
Case to make an informed decision regarding the sale of the Claim and that it
has independently and without reliance on Assignor, and based on such
information as Assignee has deemed appropriate, made its own decision to enter
into this Agreement. Assignee is aware that information which may be pertinent
to Assignee's decision to assume the Claim is available to Assignee and may be
obtained from the Bankruptcy Court's files. Assignee acknowledges and confirms
that (i) Assignor may now possess and/or may hereafter come into possession of
certain non-public information concerning the Claim and/or the Debtor that is
not known to Assignee and that may be material to a decision to buy the Claim,
(ii) Assignee has not requested to receive such information and has determined
to sell the Claim notwithstanding its lack of knowledge thereof, and (iii)
Assignor shall have no liability to Assignee with respect to the non-disclosure
of such information and Assignee hereby waives and releases any claims it may
have against Assignor or any other person, whether pursuant to applicable

                                     - 3 -
<PAGE>
securities laws or otherwise, with respect to such information. Assignee
further represents, warrants and covenants that it is not and has not been an
"insider" (as defined in Section 101 (31) of the Bankruptcy Code) of the Debtor
or a member of any official or unofficial committee in respect of the Case.

     5.     (a) If a final order is entered in the Bankruptcy Court (i)
disallowing the claim, or if all or any part of the Claim is avoided,
disallowed, subordinated, subject to setoff or offset, objected to, reduced, or
otherwise impaired in whole or in part in the Case for any reason whatsoever, or
(ii) disapproving the transfer of the Claim or any portion thereof, or if the
Bankruptcy Court does not substitute Assignee for Assignor, Assignor agrees to
immediately repay, upon demand of Assignee, the consideration paid by Assignee
hereunder, plus, interest thereon at the interest rate of seven percent (7%)
per annum from the date hereof to the date of such repayment by Assignor
to Assignee.

            (b)     In the event the Claim is allowed by a Final Order or a
distribution or payment is made by the Debtors in an amount that is greater than
the Claim Amount, Buyer shall pay to Seller within five (5) business days of
Buyer's receipt of a copy of such Final Order or other written proof to Buyer's
reasonable satisfaction, an amount equal to (i) the amount so allowed, permitted
or paid in excess of the Claim Amount up to the Proof of Claim Amount (the
"Excess Claim"), multiplied by (ii) the purchase rate specified in the Purchase
Rate Letter and identified on Schedule I. For the avoidance of doubt, Buyer
shall only purchase an Excess Claim in an amount up to a maximum of the
difference between the Claim Amount and the Proof of Claim Amount (less the
Retained Interest). Buyer's obligation to purchase any Excess Claim shall expire
six (6) months after the consummation of any plan of reorganization by the
Bankruptcy Court.

     6.     (a) Assignor agrees that if Assignor receives any payments or
distributions or notices with respect to or relating to the Claim after the date
hereof, Assignor shall accept the same as Assignee's agent and shall hold the
same in trust on behalf of and for the sole benefit of Assignee, and shall
promptly deliver the same to Assignee in the same form received (free of any
withholding, set-off, claim or deduction of any kind), within two (2) business
days in the case of cash and/or notices and within five (5) business days in the
case of securities, which are in good deliverable form, with the endorsement of
Assignor when necessary or appropriate. If Assignor fails to deliver the cash
distribution to Assignee within two (2) business days of Assignor's receipt,
Assignor shall be obligated to pay Assignee interest on the cash distribution at
the interest rate of seven percent (7%) per annum, from the date of Assignor's
receipt of such distribution to the date of Assignee's receipt of payment of
such distribution.

            (b)     Assignee agrees that if Assignee receives any payments or
distributions or notices with respect to the Retained Interest, Assignee shall
accept the same as Assignor's agent and shall hold the same in trust on behalf
of and for the sole benefit of Assignor, and shall promptly deliver the same to
Assignor in the same form received (free of any withholding, set-off, claim or
deduction of any kind), within two (2) business days in the case of cash and/or
notices and within five (5) business days in the case of securities, which are
in good deliverable form, with the endorsement of Assignee

                                     - 4 -
<PAGE>
when necessary or appropriate. If Assignee fails to deliver the cash
distribution to Assignor within two (2) business days of Assignee's receipt,
Assignee shall be obligated to pay Assignor interest on the cash distribution
at the rate of seven percent (7%) per annum, from the date of Assignee's
receipt of such distribution to the date of Assignor's receipt of payment of
such distribution.

     7.   (a) Assignor agrees to indemnify Assignee from all losses, damages and
liabilities, including attorneys' fees and expenses, which result (a) from
Assignor's breach of any representation, warranty, indemnity, agreement or
covenant set forth herein, (b) from any action, proceeding, objection or
investigation relating to any attempt or threatened attempt to avoid, disallow,
reduce, subordinate or otherwise impair the Claim or otherwise delay any
payments or distributions in respect of the Claim, or (c) from any diminution or
unfavorable treatment of the Claim resulting from payments or property received
or applied with respect to the Claim by Assignor from or on account of the
Debtor. Assignee does not assume and shall not be responsible for any
obligations or liabilities of Assignor related to, or in connection with, the
Claim or the Case. In the event Assignor has sold or assigned the Claim or any
portion thereof to any other person or entity, Assignor shall, immediately upon
demand by Assignee, pay Assignee liquidated damages in an amount equal to twice
the sum of the purchase price paid hereunder and Assignee's costs and expenses
(including, without limitation, attorneys' fees and expenses) relating to this
Agreement or the Claim.

          (b) Assignee agrees to indemnify Assignor from all losses, damages and
liabilities, including attorneys' fees and expenses, which result from
Assignee's breach of any representation, warranty, indemnity, agreement or
covenant set forth herein.

     8.   (a) Assignor hereby irrevocably appoints Assignee with full power of
substitution as its true and lawful attorney and authorizes Assignee to act in
Assignor's name, place and stead, to demand, sue for, compromise and recover all
such sums of money which now are, or may hereafter become due and payable for,
or on account of the Claim herein assigned. Assignor grants to Assignee full
authority to do all things necessary to enforce the Claim or any portion thereof
and the Assignor's rights thereunder or related thereto pursuant to this
Agreement; (b) Assignor agrees that the powers granted by this Section are
discretionary in nature and exercisable at the sole option of Assignee; and (c)
Assignee shall have no obligation to take any action to prove, defend, demand or
take any action with respect to the Claim or otherwise in the Case. Assignor
agrees that it shall take no action whatsoever in respect of or in connection
with the Claim or any portion thereof without Assignee's express consent.
Notwithstanding the foregoing sentence no such consent shall be required for
actions by Assignor in connection with the Retained Interest. Assignor agrees to
execute, acknowledge and deliver all such further certificates, instruments and
other documents, and to take all such further action as may be necessary or
appropriate to effect assignment of the Claim and all interests therein to
Assignee, to cooperate with and assist Assignee in enforcing the Claim and to
otherwise effectuate the intent of this Agreement.

     9.   All representations, warranties, covenants, indemnities and agreements
contained herein shall survive the execution and delivery of this Agreement and
the

                                      -5-
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purchase and sale of the Claim and shall inure to the benefit of, be binding
upon and enforceable by the parties hereto and their respective successors and
assigns. Assignor agrees that Assignee may sell, transfer or assign the Claim
together with all right, title and interest of Assignee in and to this
Agreement. This Agreement shall be governed by and construed in accordance with
the laws of the State of New York, without giving effect to any choice of law
principles. Each party hereto irrevocably and unconditionally consents to the
jurisdiction of the courts located in the State of New York in any action to
enforce, interpret or construe any provision of this Agreement, and also hereby
irrevocably waives any defense of improper venue or forum non conveniens to any
such action brought in those courts. Each party hereto consents to service of
process by certified mail at its address listed in Paragraph 11 below. Assignor
further irrevocably agrees that any action to enforce, interpret or construe any
provision of this Agreement will be brought only in the court located in the
State of New York and not in any other court.

     10.  Assignor shall, concurrently with the execution of this Agreement,
execute the document attached hereto as Exhibit "C" and incorporated herein by
reference, which may be filed by Assignee with the Bankruptcy Court as evidence
of this transfer. Assignor grants Assignee the right to make any corrections to
Exhibit "C" necessary or appropriate to effect assignment of the Claim. Assignor
hereby waives any notice or hearing requirements imposed by Rule 3001 of the
Federal Rules of Bankruptcy Procedure, and stipulates that an order may be
entered recognizing this Agreement as an unconditional assignment and the
Assignee herein as the valid owner of the Claim.

     11.  All demands, notices, requests, consents and communications hereunder
shall be in writing and shall be deemed to have been duly given (a) at the time
of actual delivery thereof or (b) if given by certified or registered mail, five
(5) business days after certification or registration thereof, to the officer or
an authorized recipient of deliveries at the following addresses, or such other
addresses as may be furnished hereafter by notice in writing, to the following
parties:

     (A)  In the case of Assignor:

          Davel Communications, Inc.
          1001 Lakeside Avenue, Seventh Floor
          Cleveland, Ohio 44114

          Attention: Tammy L. Martin, General Counsel
          Telephone: (216) 875-4200
          Facsimile: (216) 875-4337

     (B)  In the case of Assignee:

          Deutsche Bank Securities Inc.
          31 West 52nd Street, 3rd Floor

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                         New York, New York 10019
                         Attention:  Matthew Doheny
                         Telephone:  212-469-5760
                         Facsimile:  212-469-2884

     IN WITNESS WHEREOF, the undersigned has duly executed this Assignment of
Claim by its duly authorized representative dated as of the 3rd day of March,
2003.

By: /s/ John D. Chichester
-------------------------------
Name: John D. Chichester
Title: Chief Executive Officer

DEUTSCHE BANK SECURITIES, INC.

By: /s/ Peter Schellbach
-------------------------------
Name: Peter Schellbach
Title: Director

                                      -7-<PAGE>

                                                                   EXHIBIT 10(a)

                            AIRCRAFT LEASE AGREEMENT

                                     between

                             Miramonte Aviation, LLC

                                    as LESSOR

                                       and

                       MPW Industrial Services Group, Inc.

                                    as LESSEE

                               Dated: May 12, 2003

To the extent, if any, this instrument constitutes chattel paper under the UCC,
no security interest herein may be created through the transfer and/or
possession of any counterpart other than the counterpart marked "Secured Party's
Original".

'Copy'. No interest herein may be created in the aircraft subject hereto through
the transfer and/or possession hereof' ".

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
Section                                                                Page
-------                                                                ----
<S>  <C>                                                               <C>
1    LEASE AND CONDITION. . . . . . . . . . . . . . . . . .             3
2    TERM. . . . . . . . . . . . . . . . . . . . . . . . .              3
3    RENTAL PAYMENTS       . . . . . . . . . . . . . . . . .            3
4    DELIVERY AND ACCEPTANCE . . . . . . . . . . . . . . . .            3
5    POSSESSION, USE, AND OPERATION OF AIRCRAFT  . . . . . .            4
6    MAINTENANCE AND REPAIR  . . . . . . . . . . . . . . . .            4
7    RETURN OF AIRCRAFT  . . . . . . . . . . . . . . . . . .            5
8    RISK OF LOSS AND INDEMNIFICATION  . . . . . . . . . . .            7
9    NET LEASE . . . . . . . . . . . . . . . . . . . . . . .            7
10   INSURANCE . . . . . . . . . . . . . . . . . . . . . . .            8
11   PROCEDURE ON LOSS, REQUISITION, OR DAMAGE . . . . . . .            8
12   EVENTS OF DEFAULT . . . . . . . . . . . . . . . . . . .           10
13   REMEDIES ON DEFAULT . . . . . . . . . . . . . . . . . .           10
14   LESSOR MAY ASSIGN AND ENCUMBER  . . . . . . . . . . . .           11
15   ASSIGNMENT OR SUBLEASE BY LESSEE  . . . . . . . . . . .           12
16   WARRANTIES  . . . . . . . . . . . . . . . . . . . . . .           12
17   TAXES . . . . . . . . . . . . . . . . . . . . . . . . .           12
18   REPRESENTATIONS OF LESSEE . . . . . . . . . . . . . . .           13
19   DEFINITIONS . . . . . . . . . . . . . . . . . . . . . .           14
20   MISCELLANEOUS . . . . . . . . . . . . . . . . . . . . .           15

EXHIBITS
A.   Aircraft Lease Schedule . . . . . . . . . . . . . . . .           17
B.   Certificate of Acceptance . . . . . . . . . . . . . . .           20
</TABLE>

                                       2

<PAGE>

                            AIRCRAFT LEASE AGREEMENT

         THIS AIRCRAFT LEASE AGREEMENT ("Lease") dated as of May 14, 2003 by and
between Miramonte Aviation, LLC, an Ohio limited liability company (hereinafter
called "Lessor"), and MPW Industrial Services Group, Inc., an Ohio corporation
(hereinafter called "Lessee"). (Words or phrases having initial capitals which
are not otherwise defined have the meanings set forth in Section 19.)

                              W I T N E S S E T H :

         WHEREAS, Lessor owns certain Aircraft.

         WHEREAS, Lessor desires to lease, and Lessee desires to hire, the
Aircraft pursuant to the terms and conditions hereinafter set forth.

         NOW THEREFORE, in consideration of the mutual promises herein set
forth, Lessor and Lessee covenant and agree as follows:

1.       LEASE AND CONDITIONS

         Lessor agrees to and does hereby lease, and Lessee agrees to and does
hereby rent, lease and hire, the Aircraft described in the Aircraft Lease
Schedule (the "Schedule") attached hereto and made a part hereof as Exhibit A.

         The parties hereto intend this Lease to be a true lease and Lessee
understands and agrees that it acquires only a leasehold interest hereunder and
that it does not acquire any right of beneficial ownership or equity in the
Aircraft by payment of rentals hereunder, and Lessee acknowledges that title to
the Aircraft remains in the Lessor. Except as any secured party or the Lessor
with the consent of any such secured party may specifically direct in writing,
Lessee shall not have the right to register the Aircraft in Lessee's name with
the United States Federal Aviation Administration ("FAA") or with any other
governing authority.

         This Lease of the Aircraft includes any and all Engines, Main
Components, avionics, appliances, parts, instruments, appurtenances,
accessories, furnishings and other equipment of whatever nature which may from
time to time be part of, attached to, incorporated in, or installed on the
Aircraft and all such components which shall have been removed or detached from
the Aircraft until a substitute or replacement component shall have been
provided pursuant to Section 6.2 hereof.

2.       TERM

         The Lease Term for the Aircraft shall commence upon the written
acceptance of this Lease by the Lessee, and shall terminate on the date set
forth in the Aircraft Lease Schedule, Exhibit A.

3.       RENTAL PAYMENTS

         Lessee covenants and agrees to pay Lessor rent (the "Rent") for the use
of the Aircraft as set forth in the Schedule. Rent plus any applicable state
sales and/or use taxes with respect to this Lease for the entire Term of this
Lease shall be due and payable in advance commencing on acceptance as set forth
in the Certificate of Acceptance to the Aircraft Lease Schedule and on the first
day of each and every month during the remainder of the rental term and any
extension hereof. Rent for partial months at the beginning and end of any term
hereunder shall be prorated at a daily rate equal to 1/30th of the monthly
rental. In addition, the Lessee shall pay to Lessor any and all other amounts
payable hereunder, if any, which the Lessee assumes the obligation to pay, or
agrees to pay under this Lease to Lessor or others, if any, including, without
limitation, any amount payable hereunder as Casualty Loss Value. All payments of
Rent and other sums due hereunder shall be made to Lessor on the date payable
hereunder by check drawn payable to Lessor and delivered at its address set
forth herein or at such other address or to such other person as the Lessor may
from time to time direct by notice in writing to Lessee. Any Rent or other
payment due hereunder which is not paid prior to the tenth day following the due
date for such payment shall bear interest from maturity until paid at the lesser
of the rate equal to three percentage points plus the prime rate charged from
time to time by Chase Manhattan Bank, N.A. or the maximum rate of interest from
time to time permitted under applicable law.

                                       3
<PAGE>

4.       DELIVERY AND ACCEPTANCE

         The Aircraft shall not be leased by Lessor to the Lessee and the Lessee
shall have no right to possession of any aircraft until the following conditions
precedent have been fulfilled:

         a. The Lessor has received evidence of the insurance coverage required
under Section 10 hereof.

         b. Lessee has unconditionally accepted delivery of the Aircraft without
reservation or exception and duly executed the Certificate of Acceptance to
Aircraft Lease Schedule attached hereto as Exhibit B and incorporated herein by
reference for all purposes.

         c. The initial lease payment plus any applicable state sales and/or use
taxes with respect to this Lease for the entire Term of this Lease has been paid
pursuant to the Schedule.

5.       POSSESSION, USE, AND OPERATION OF AIRCRAFT

5.1 Possession. Title to and ownership of the Aircraft shall be and remain
exclusively in the name of the Lessor to the exclusion of Lessee. Upon
reasonable notice to Lessee, Lessor shall have the right, but not the duty, to
inspect the Aircraft at the principal location of the Aircraft which shall be as
set forth in the Schedule, and any such inspection shall be conducted as so not
unreasonably to interfere with use of the Aircraft by Lessee. Lessee agrees not
to change the principal location of the Aircraft without the written consent of
Lessor, which consent shall not be unreasonably withheld. Upon request by the
Lessor, the Lessee shall confirm to the Lessor the location of the Aircraft and
shall at any reasonable time make the Aircraft and all its logs, books, manuals
and records available to the Lessor for inspection at the principal location of
the Aircraft.

5.2 Use. Lessee shall be entitled to the non-exclusive possession and use of the
Aircraft. Lessee agrees, by the acceptance of the Aircraft, that the Aircraft is
in good operating order, repair, condition and appearance.

5.3 Operation. The Aircraft shall be operated and maintained at all times (1) in
accordance with the operating instructions of its FAA approved Aircraft Flight
Manual, Lessee's operating procedures and the Manufacturer's operating and
maintenance instructions; (2) in conformity with all laws, ordinances, rules and
regulations, national, state, municipal or otherwise, existing or which may be
enacted, which affect the operation, use or possession of the Aircraft or the
use of any airport premises by the Aircraft; (3) in compliance with the terms,
conditions and limitations of and in the geographical areas allowed by the
insurance policies required under Section 10 hereof; and (4) in accordance with
the operating and maintenance procedures established by Lessee or any person
with whom Lessee may contract for the operation and/or maintenance of the
Aircraft. It shall be the responsibility of Lessee to assure that the Aircraft
is operated and maintained in accordance with the requirements of this
provision.

6.       MAINTENANCE AND REPAIR

6.1 Care and Use. During the Term of this Lease, Lessee, at its own cost and
expense, shall (i) maintain, service, repair, overhaul and test, or cause the
same to be done to, the Aircraft so as to keep the Aircraft in the same
operating condition, state of repair and appearance as when delivered to Lessee
hereunder, ordinary wear and tear excepted, and in such condition as required to
enable the Airworthiness Certification of such Aircraft to be maintained in good
standing at all times under the Federal Aviation Act of 1958, as amended, or as
required by any other applicable government authority; (ii) maintain all
records, logs, manuals and other materials required by the FAA to be maintained
in respect to the Aircraft; (iii) promptly furnish to Lessor such information as
may be required to enable Lessor to file any reports required to be filed by
Lessor (or the owner, if other than the Lessor) of the Aircraft with any
governmental authority; and (iv) maintain the Aircraft, Engines and or Main
Components in accordance with a Manufacturer's continuous airworthiness
maintenance program or other such program offered by a lessor approved provider
and ensure the Aircraft's eligibility to be placed on another operator's
maintenance program. Lessor shall notify Lessee of any notices or similar
documents which it receives from the Manufacturer or any governmental agency
concerning the maintenance, service repair, overhaul, testing or use of the
aircraft.

6.2 Replacement of Parts, Alteration, Modifications. Subject to the provisions
of Section 11 hereof, Lessee, at its own cost and expense except as stated
otherwise in this Lease, shall promptly replace with new, newly overhauled, or
serviceable parts, all Parts which from time to time become worn out, lost,
stolen, destroyed, seized, confiscated, damaged beyond repair or permanently
rendered or declared unfit for use for any reason whatsoever (such substituted
parts hereinafter called "Replacement Parts"). In addition, in the ordinary
course of maintenance, service, repair, overhaul or testing, the Lessee may, at
its own cost and expense, remove any Parts, whether or not worn out, lost,
stolen, destroyed, seized, confiscated, damaged beyond repair or permanently
rendered or declared unfit for use, provided that the Lessee shall, at its own
cost and expense, replace such Parts as promptly as practicable. All

                                       4
<PAGE>

Replacement Parts shall be free and clear of all Liens (other than any lien
created by Lessor) and shall be in as good operating condition as, and shall
have a value and utility at least equal to, the Parts replaced, assuming such
replaced Parts were in the condition and repair required to be maintained by the
terms hereof. All Parts and Replacement Parts at any time removed from the
Aircraft shall remain the property of the Lessor no matter where located, until
such time as such parts shall be replaced by new, newly overhauled, or
servicable parts which have been incorporated in or installed in, or attached to
the Aircraft, which meet the requirements for Replacement Parts as specified
above. Immediately upon any Replacement Part becoming incorporated in, installed
in, or attached to the Aircraft, without further act: (i) title to the removed
parts shall thereupon vest in the Lessee free and clear of all rights of the
Lessor and shall no longer be deemed a part hereunder, (ii) clear title to such
Replacement Parts shall thereupon vest in the Lessor, (iii) such Replacement
Parts shall be considered Parts hereunder and shall become subject to this Lease
and be deemed part of the Aircraft for all purposes hereof to the same extent as
the parts originally incorporated or installed in or attached to the Aircraft.
The Lessee will, upon Lessor's request, deliver to Lessor a Bill of Sale
covering such Replacement Parts, and agrees to execute and file such documents
as may be reasonably required to create, perfect and maintain the Lessor's
ownership interest in any such Replacement Parts.

6.3 Voluntary Improvements. The Lessee will not, without the prior written
consent of the Lessor, affix or install any accessory, equipment or device to
the Aircraft or make any improvement, modification, alteration or addition
thereto (any such accessory, installed equipment or device, improvement,
modification, alteration or addition affixed or installed pursuant to this
paragraph being herein referred to as an "Improvement"), which consent shall not
be unreasonably withheld, provided the utility or value of the Aircraft will not
be impaired as a result of such Improvements. Title to all Parts constituting
Improvements to which the Lessor consents shall, upon the making, affixing or
installing of such Improvement, without further act, vest in the Lessor (except
such Improvements as may be readily removed from the Aircraft without causing
damage thereto and without in any way affecting or impairing the originally
intended function, value or use of the Aircraft). Upon the removal by the Lessee
of any such Improvement as above provided, title thereto shall, without further
act, vest in the Lessee and such Improvement shall no longer be deemed part of
the Aircraft from which it was removed. Any Improvement not removed by the
Lessee as above provided prior to the return of the Aircraft to the Lessor
hereunder shall remain the property of the Lessor. The Lessee will, upon
Lessor's request, deliver to Lessor a Bill of Sale covering such Improvements,
and agrees to execute and file such documents as may be reasonably required to
create, perfect and maintain the Lessor's ownership interest in any such
Improvement.

6.4 Aircraft Marking. The Lessee agrees, at its own cost and expense, to (i)
cause the Airframe and the Engines to be kept numbered with the identification
serial number therefore as specified in the Schedules, and (ii) maintain the
same configuration, appearance and basic coloring of the Aircraft as when
accepted by the Lessee hereunder or as may be approved by Lessor. The Lessee
will promptly replace any such Aircraft Marking which may be removed, defaced or
destroyed.

7.       RETURN OF AIRCRAFT

7.1      Return.

         (i) On termination of this Lease, Lessee shall, at its own expense,
return the Aircraft along with all logs, manuals, inspection data, modification
and overhaul records required to be maintained with respect thereto, to such
place as Lessor shall determine. In the same condition as received, reasonable
wear and tear excepted, with Lessee's logos stripped from the Aircraft. In
addition, Lessee shall have installed all applicable vendors' and manufacturers'
service bulletin kits theretofore received by Lessee that are required for the
Aircraft, as well as incorporating all Airworthiness Directives and required
manufacturer's service bulletins that become effective during the term of the
Lease.

         (ii) At least thirty (30) days prior to the expiration or earlier
termination of the Term, Lessee will schedule an phase check of the Aircraft and
perform a Borescope inspection of the Engines which is to be completed
immediately prior to the return of the Aircraft to Lessor by an authorized
Federal Aviation Administration (FAA) inspection and repair facility approved by
the Manufacturers of the Airframe, Engines and Main Components, in the manner
prescribed by the Manufacturers and approved by the FAA. Lessee, at its sole
cost and expense, will pay for such inspections and all work required thereby to
assure that the Aircraft is in compliance with all airworthiness directives
issued by the FAA and all required Manufacturer service bulletins pertaining to
the Aircraft. Lessee shall pay for all work, repair and services that may be
determined to be necessary by such FAA inspection and repair facility so as to
enable Lessee to return the Aircraft to Lessor with its FAA Certificate of
Airworthiness currently validated by appropriate entries, and duly executed by
currently licensed FAA inspectors and all applicable log books for the Aircraft.

         (iii) Upon return of the Aircraft, Lessor or its agent shall inspect
the Aircraft. If in the Lessor's reasonable opinion the Aircraft is not in
compliance with the conditions herein described, a mutually acceptable
independent inspection appraiser shall be appointed by the Lessor to inspect the
Aircraft for the purpose of determining the repairs,

                                       5
<PAGE>

additions or replacements, if any, which are necessary to place the Aircraft in
the condition hereinafter described. If the appraiser determines that the
Aircraft is in compliance with the conditions herein described, the cost of such
independent inspection shall be borne by Lessor, and if the appraiser determines
that the Aircraft is not in compliance with such conditions, such cost shall be
borne by Lessee.

         (iv) At the time of return of the Aircraft, each Main Component not
covered by a Maintenance Service Plan, or an overhaul reserve account (Ref.
Paragraph 7.1 v.) shall have remaining a minimum of fifty percent (50%) of the
Manufacturers' recommended time between overhaul (TBO) and/or time retirement
life. In the event the foregoing requirement is not met, Lessee shall pay to
Lessor in respect of each such Main Component for which such requirement is not
met a dollar amount which equals the product of (i) the fraction, the numerator
of which is the difference between (x) fifty percent (50%) of the Manufacturer's
recommended TBO and/or time retirement life for such Main Component and (y) the
amount of the Manufacturer's recommended TBO and/or time retirement life
remaining for such Main Component, and the denominator of which is the
Manufacturer's recommended TBO and/or time retirement life for such Main
Component; multiplied by (ii) the total cost, as identified by the Manufacturer
of such Main Component, to overhaul or, if replacement is necessary, to replace
such Main Component, as the case may be, at the time of return. In no event will
any time or cycle related Main Component on the Aircraft have less than 25% of
time or cycles remaining to replacement or overhaul at the time or return, and
Lessee shall overhaul or replace any Main Component as necessary prior to return
of the Aircraft to ensure that the requirement of this sentence is met.

         (v.) In order to establish funds to be held in reserve for the cost of
engine hot section inspections, and/or engine overhauls, Lessee shall pay to
Lessor a reserve in the amount equal to $300 per aircraft hour pro-rated per
each tenth of an hour. This reserve amount shall be payable to Lessor monthly on
the first day of each month for the aircraft hours used by the Lessee in the
preceding month.

         (vi.) Before return of the Aircraft under this Section, Lessor shall be
entitled to a return delivery flight and inspection to be conducted at Lessee's
expense. During the return delivery flight, a pilot and other personnel
appointed by Lessor or its designee, in conjunction with Lessee's (or any
relevant sublessee's) flight crew, will accomplish a flight to determined the
acceptability of the condition of the Aircraft pursuant to the provisions of
this Section, including determination of the airworthiness of the Aircraft and
proper functioning of all systems and components. Any discrepancy or malfunction
not in compliance with the return provisions of this Section, including any
discrepancy or malfunction detected of an airworthiness or operational nature
under the FAA-approved maintenance program of Lessee (or any Sublessee), shall
be corrected. All costs associated with such corrections shall be for the
account of Lessee.

7.2 Main Components. In the event any Main Component shall be replaced by a
component not owned by Lessor and such component shall be delivered with the
returned Airframe, such component shall be of the same model, including
upgrades, as the Main Component described herein which it replaces, and shall
have a value and utility at least equal to, and be in as good operating
condition and repair as required by the terms hereof, immediately prior to such
return, and the remaining operating time between hot section inspections and
overhauls on each such component shall not be less than the minimum remaining
operating time specified in Section 7.1 hereof, and Lessee will, at its own cost
and expense and concurrently with such delivery, furnish Lessor with a Bill of
Sale, in form and substance satisfactory to Lessor, with respect to each such
component, and with evidence of Lessee's unencumbered title to such component
(including, if reasonably requested by Lessor, an opinion of Lessee's counsel
with respect to such title) and shall take such other action as Lessor may
request in order that full title to such component, free and clear of all Liens
(other than any lien created by Lessor), shall be duly and properly vested in
Lessor, and upon passage of such title to Lessor, such component shall be a Main
Component for all purposes of this Lease. Upon full compliance with the terms of
this Section 7.2, Lessor will transfer to Lessee Lessor's interest in any Main
Component (including, to the extent transferable, any interest of Lessor in any
unexpired warranty applicable to such Main Component and issued by a person
other than Lessor) so substituted for and not installed on the Airframe at the
time of the return thereof, "As Is, Where Is," without representation, warranty
or recourse of any kind whatsoever, expressed or implied.

7.3 Records. Upon the return of the Aircraft, Lessee shall concurrently deliver
to Lessor all logs and all other manuals, certificates, inspection data,
modification, maintenance and overhaul records and other documents required to
be maintained with respect thereto under applicable rules and regulations of the
FAA or otherwise. Upon such delivery, all of the foregoing items shall become
the sole property of Lessor. In the event logs are missing or incomplete, Lessor
shall have the right to cause the logs to be reconstructed at the expense of
Lessee or, at Lessor's option, to pursue Lessor's remedies under Section 13
hereof.

7.4 Failure To Meet Return Condition. If Lessee does not return the Aircraft or
any Main Component in accordance with conditions set forth in Section 7.1
through 7.3,

         (i) Lessor may make (or cause to be made) any repairs reasonably
necessary to restore the Aircraft or any Main Component to the required
condition or,

                                       6
<PAGE>

         (ii) In the event that the Aircraft or any Main Component cannot be
restored to the required Return Condition or has suffered any damage of the kind
requiring the use of an FAA Form 337 or its successor, Lessee shall compensate
Lessor for the diminished value of the Aircraft resulting from Lessee's failure
to return the Aircraft or any Main Component in such condition to Lessor's
satisfaction. If Lessee and Lessor cannot agree on the diminished value of the
Aircraft or any Main Component, said value shall be established by using the
average of two appraisals (each party, at its own cost, appointing one
appraiser) if these are within fifteen percent (15%) of the highest; if not, a
third appraisal shall be done with Lessee and Lessor sharing evenly the cost
thereof (the appraiser being appointed by the two preceding appraisers) and the
average of the two closest appraisal shall be used and,

         (iii) Lessee shall reimburse Lessor, within five (5) days of written
demand, for any reasonable costs, expenses and fees (including, without
limitation, reasonable fees and expenses for repairs and lost rentals at a per
diem rate of one-thirtieth of the last Rent due) related to such failure to meet
return conditions.

7.5 Survival. Lessee's obligations arising under the provisions of Section 7.1
through 7.4 hereof shall survive the expiration or earlier termination of this
Lease, and the return of the Aircraft.

8.       RISK OF LOSS AND INDEMNIFICATION

8.1 Risk of Loss - Lessor Not Liable. Lessee hereby assumes all risk of loss or
damage with respect to the Aircraft, whether such loss or damage is with respect
to the entire Aircraft or to some portion, Main Component or Part thereof, from
any cause whatsoever from the date hereof continuing until the Aircraft has been
returned in accordance with the provisions of Section 7 hereof. Lessor shall not
be liable to Lessee for any damage to or loss or destruction of the Aircraft, or
for the use, maintenance, operating, handling, hangaring or storage thereof, or
loads thereon, or the repairs, servicing, or adjustment thereto, or because the
same is, or has become unsuitable or unserviceable, or by an interruption of
service or loss of use thereof, or for any loss of business or damage whatsoever
or howsoever caused. Additionally it is expressly understood and agreed that
Lessor assumes no liability for any acts or omissions of Lessee, or of Lessee's
agents, servants or employees, or for any property of Lessee or person in
privity with Lessee, damaged, lost or stolen in or from the Aircraft.

8.2 Indemnification. Lessee assumes liability for, and covenants and agrees to
indemnify, protect, defend and pay on behalf of, save and keep harmless Lessor,
its affiliates, agents and employees and any successors and assignees of Lessor,
from and against any and all losses, claims, damages or expenses resulting from,
or arising out of, loss or damage to the Aircraft, and from and against any and
all losses, damages, claims, demands, penalties, obligations, actions, suits and
all expenses, legal or otherwise (including court costs and attorneys' fees) of
whatsoever kind and nature, relating to or resulting from the death of any
person or damage or injury to the person or property of any person (including
specifically, but without limitation, payments under any workmen's compensation
law or under any plan for employee's disability and death benefits) and arising
on account of or any way related to the use, possession, storage, removal,
return, sale, leasing, maintenance, condition, repair, overhaul, charter,
sublease (including, but without limitation, latent and other defects, whether
or not discoverable by Lessor) or operation of the Aircraft during the term of
this Lease, and by whomsoever used, operated, or caused; provided, however, that
Lessee shall be subrogated to all rights which Lessor may have against any
unaffiliated third parties. Any sales, use, excise or similar taxes or sums that
may be imposed by any governmental authority which are applicable to the
possession or use of the Aircraft will be the responsibility of the Lessee.
LESSEE AGREES THAT LESSOR SHALL NOT BE LIABLE TO LESSEE FOR ANY CLAIM CAUSED
DIRECTLY OR INDIRECTLY BY THE INADEQUACY OF THE AIRCRAFT OR ANY PART THEREOF FOR
ANY PURPOSE OR ANY DEFICIENCY OR DEFECT THEREIN OR THE USE OR MAINTENANCE
THEREOF OR ANY REPAIRS, SERVICING OR ADJUSTMENT THERETO OR ANY DELAY IN
PROVIDING OR FAILURE TO PROVIDE ANY SERVICE OR INTERRUPTION OR LOSS OF SERVICE
OR USE THEREOF OR ANY LOSS OF BUSINESS, ALL OF WHICH SHALL BE THE RISK AND
RESPONSIBILITY OF LESSEE.

8.3 Survival. Lessee's obligations arising under the provisions of Sections 8.1
through 8.2 hereof shall survive the expiration or earlier termination of this
Lease, and the return of the Aircraft.

9.       NET LEASE

         This is an absolute net lease, and Rent and other sums payable by
Lessee shall be paid promptly when due hereunder without notice or demand of any
character, and without counterclaim, set off, deduction, recoupment or any
defense that Lessee may have against Lessor or any other person, firm or
corporation so that Lessor, or its assigns shall receive the full amount of each
installment of Rent throughout the term of this Lease. Lessee's obligation for
the payment of Rent hereunder is and shall be absolute and unconditional, and
there shall be no abatement, suspension, deferment or diminution in the Rent by
reason of, and the obligations and liabilities of Lessee under this Lease shall
not be affected by, any circumstances or occurrence whatsoever, including
without limitation, (a) destruction of or damage to the Aircraft, or any part
thereof, by reason of any casualty or cause whatsoever, subject to the
provisions of Section

                                       7
<PAGE>

11 hereof, (b) any restriction or prevention of, or interference with, any use
of the Aircraft, or any part thereof unless caused by a willful or intentional
act of omission of Lessor, (c) any defect in the condition, airworthiness,
design, operation, quality or fitness for use of the Aircraft, or any part
thereof, (d) any condemnation, expropriation, requisition or other taking of the
Aircraft, or any part thereof, subject to the provisions of Section 11 hereof,
(e) any encumbrance, lien or right of any person whomsoever respecting, or any
dispossession from, or interference with possession or enjoyment of, the
Aircraft, or any part thereof, unless same shall constitute a breach of Lessor's
warranty made under Section 16.1 hereof, (f) any bankruptcy, insolvency,
reorganization, composition, adjustment, dissolution, liquidation or other like
proceedings by or against Lessee or any action taken with respect to this Lease
by any trustee or receiver of Lessee or by any court in any such proceeding, or
(g) any change, extension, waiver, sufferance or other action or omission in
respect of any obligation or liability of Lessee.

10.      INSURANCE

         Lessee will cause to be carried and maintained, at its sole expense,
with respect to the Aircraft at all times during the Term hereof and until the
Aircraft has been returned to Lessor such insurance as may be required by the
Lessor's secured party/lender, or if not so required, the following insurance:
(a) aircraft "All-Risk" ground and flight hull insurance in an amount of not
less than the current Casualty Loss Value of the Aircraft as stipulated in each
Schedule as well as fire and extended coverage insurance on Engines, Main
Components and other equipment (including Parts) while removed from the
Aircraft, in such amount and of such type as shall be satisfactory to Lessor,
and (b) aircraft liability insurance, including contractual liability, public
liability, passenger legal liability, premises damage liability, personal
property liability, bodily and personal injury, death and property damage
liability, and covering any other risks which Lessor or Lessee might incur by
reason of the ownership, maintenance, use or operation of the Aircraft in or
over any area, in an amount of not less than $50,000,000.00 combined single
limit per occurrence.

         All policies of insurance referred to in clause (a) above will name
Lessor (and/or such other persons as Lessor may from time to time designate in
writing) as the exclusive loss payee(s), so that (and Lessor and Lessee hereby
agree that) in the event of loss, the insurance will be adjusted solely with
Lessor (and/or its designees, if any) and the insurance proceeds payable under
such policies will be payable and paid solely to Lessor (and/or its designees,
if any) to the extent of the Insured Value and shall be amended to name Lessor,
as owner of the Aircraft, as additional named insured as its interest may
appear. Additionally, all such policies shall include an endorsement waiving the
insurance companies' rights of subrogation against Lessor and its affiliates.

         All policies of insurance required by this Section 10 shall provide
that the policies may not be invalidated against Lessor or against any of the
additional insured parties named above by reason of any violation of a condition
or by any breach of warranty of the policies and that the policies may be
canceled or materially altered or reduced in coverage by the insurer only after
thirty (30) days prior written notice to Lessor, and that the insurer will give
written notice by certified mail, return receipt requested, to Lessor in the
event of any nonpayment of premium by Lessee when due. The policies of insurance
required under this Section shall be valid and enforceable policies issued by
insurers of recognized responsibility acceptable to Lessor and its designees.
Upon the execution of this Lease, and thereafter not less than thirty (30) days
prior to the expiration dates of any expiring policies theretofore furnished
under this Section, copies of the policies of insurance and all endorsements
required by this Section, as certified by the insurer(s), shall be delivered by
Lessee to Lessor; provided, however, that Lessor shall accept certificates of
insurance evidencing the coverages required hereunder prior to receipt of
certified copies of the policies until such copies become available from the
insurer, in which event Lessee shall secure such copies from the insurer to be
delivered to Lessor within 30 days of the commencement of the Term of this
Lease. On or before the execution of this Lease, and thereafter at intervals of
not more than twelve months, Lessee will furnish or cause to be furnished to
Lessor a certificate or other evidence satisfactory to Lessor, signed by the
insurance companies, evidencing the insurance then carried and maintained on the
Aircraft in compliance with all the requirements of this Section.

         Lessee covenants, warrants and represents that Lessee shall not do any
act or voluntarily suffer or permit any act to be done whereby any insurance
required hereunder shall or may be suspended, impaired or defeated and Lessee in
no circumstances will suffer or permit the Aircraft to be used or operated
during the term of this Lease when Lessor may be at risk for the risks protected
against by the prescribed insurance without such insurance being fully in
effect, including, without limitation, use of the Aircraft in any geographical
area not covered by the prescribed policies issued to Lessee and then in effect.

11.      PROCEDURE ON LOSS, REQUISITION, OR DAMAGE

11.1 Event of Loss - Aircraft. The Lessee shall notify the Lessor of the
occurrence of an Event of Loss in writing within five (5) days of the date
thereof and, no later than sixty (60) days after the Event of Loss, the Lessee
shall pay to the Lessor the Casualty Loss Value of the Aircraft determined as of
the date of the Event of Loss, together with the Rent and any other amounts due
and unpaid as of the date of such payment. To the extent the insurance carrier
pays the

                                       8
<PAGE>

Lessor the Casualty Loss Value of the Aircraft, Lessee shall be relieved of the
obligation to pay such amount. Upon payment of such Casualty Loss Value in
respect thereof and all Rent and other amounts due and owing with respect
hereto, the Lessee's obligation to pay Rent due for dates subsequent to the date
of payment of the Casualty Loss Value shall cease and this Lease shall be deemed
terminated as to such Aircraft, but the Lessee's obligation to pay any other
amounts, if any, for the Aircraft shall remain unchanged. Except in the case of
total destruction, theft, or disappearance, the Lessor shall be entitled to
recover possession of the Aircraft, unless possession thereof is required to be
delivered to an insurance carrier (other than the Lessee) in order to settle an
insurance claim arising out of such Event of Loss. The Lessor shall be entitled
to retain any salvage value collected by such insurance carrier in excess of the
amount paid to the Lessor by such insurance carrier. The Lessor shall be under
no duty to the Lessee to pursue any claim against any governmental authority or
any other person, but the Lessee may at its own cost and expense purse such
claim on behalf of the Lessor in such manner as may be satisfactory to the
Lessor. If, after receipt of payments from the Lessee under this Section 11.1
and from the proceeds of insurance hereunder, the aggregate amount of such
payments received exceeds the amount required to satisfy and discharge Lessee's
payment obligations hereunder, then Lessor shall promptly return to Lessee such
excess; provided, however, that any amount returned to Lessee pursuant to this
sentence shall not exceed the aggregate amount of payments received from Lessee,
exclusive of payments received from the proceeds of insurance.

         Following the payment of the Casualty Loss Value of the Aircraft in
accordance with the provisions of this Section and outlined in the schedule, the
Lessee, if requested, shall, as agent for the Lessor, dispose of the Aircraft as
soon as it is able to do so for the best cash price obtainable. Any such
disposition shall be on an "as is", "where is" basis without recourse,
representation or warranty, express or implied. The Lessee may, after paying the
Lessor the amounts specified in this Section, retain all amounts of such price
up to the Casualty Loss Value of the Aircraft previously paid by Lessee to
Lessor, and the Lessee's reasonable costs and expenses of disposition
attributable thereto, and shall remit the excess, if any, to the Lessor. In the
event of any other disposition, the Lessor agrees that the Lessee shall receive
and retain all net amounts payable to the Lessor as a direct result of such
disposition up to the amount, if any, of the Casualty Loss Value previously paid
by the Lessee to the Lessor hereunder, and any excess shall be paid over to or
retained by the Lessor (such disposition shall not be made to Lessee).

         In the Event of Loss due to any condemnation, seizure or other taking
of the Aircraft or the Airframe and the Main Components then installed thereon
by governmental authority, whether under the power of eminent domain or
otherwise, for a period equal to at least the then unexpired remaining portion
of the Term of this Lease, then the Lessor and Lessee shall have the same
rights, duties and responsibilities with reference to such Aircraft so
condemned, seized or taken, as they would in the event of a total loss or
destruction of such Aircraft under the provisions of this Section. The Lessor
agrees that the Lessee shall receive and retain all amounts paid by a
governmental authority up to the Casualty Loss Value paid by the Lessee to the
Lessor hereunder, and any excess shall be paid over and retained by the Lessor.
In the event the Aircraft during the term of this Lease should be condemned,
seized or taken for a period which is reasonably expected to be shorter than the
then remaining unexpired term of this Lease, such a condemnation or taking will
be considered temporary in nature, with the result that the rentals will not be
diminished or abated, this Lease will continue in full force and effect as if
such temporary condemnation or taking had not occurred, Lessee shall continue to
pay rentals due hereunder, upon the date otherwise due, and Lessee shall be
entitled to retain and keep any award paid by the condemning governmental
authority as compensation for the interruption of Lessee's leasehold interest in
such Aircraft. Lessor shall make the determination whether the taking of the
Aircraft is expected to be for a period which is shorter than the remaining term
of the Lease, subject to the requirement that such determination must be
reasonable.

11.2 Event of Loss - Main Components. Upon the occurrence of an Event of Loss
with respect to any Main Component under circumstances in which there has not
occurred an Event of Loss with respect to the Airframe upon which such Main
Component was installed, the Lessee shall give the Lessor prompt written notice
within five (5) days of the date thereof and shall, within sixty (60) days after
the occurrence of such Event of Loss, duly convey to the Lessor, as replacement
for the Main Component with respect to which such Event of Loss occurred, title
to another engine or part free and clear of all liens and of the same model as,
and having a value and utility equal to or better than, and being in at least as
good operating condition as, the Main Component with respect to which such Event
of Loss occurred, assuming such Main Component was of the value or utility and
in the condition and repair required by the terms hereof immediately prior to
the occurrence of such Event of Loss. Prior to or at the time of any such
conveyance, the Lessee, at its own expense, will furnish the Lessor with such
documents to evidence such conveyance as the Lessor shall request, including,
without limitation, a full warranty bill of sale and opinion of counsel with
respect to title to such replacement Main Component. Upon full compliance by the
Lessee with the terms of this Section, the Lessor will transfer to the Lessee,
"as is", without recourse or warranty, all of the Lessor's right, title and
interest, if any, in and to the Main Component (including, to the extent
transferable, any interest of Lessor in any unexpired warranty applicable to
such Main Component and issued by a person other than Lessor) with respect to
which such Event of Loss occurred. For all purposes hereof, each such
replacement Main Component or replacement shall, after such conveyance, be
deemed part of the Aircraft leased hereunder, shall be deemed a "Main Component"
as defined herein and shall be deemed part of the same Aircraft as the Main
Component replaced thereby. No Event of Loss with respect to a Main

                                       9
<PAGE>

Component under the circumstances contemplated by the terms of this Section
shall result in any reduction or abatement in Rent hereunder.

11.3 Partial Damage. If the Aircraft is only partially damaged (even if such
partial damage constitutes an Event of Loss with respect to one or more Main
Components), but an Event of Loss with respect to the entire Aircraft shall not
have occurred, this Lease shall remain in full force and effect, there shall be
no abatement in Rent, and the net insurance proceeds shall be paid over by
Lessor to Lessee to the extent of amounts expended by Lessee to repair the
Aircraft. Lessee shall arrange for the Aircraft to be fully repaired at Lessee's
sole cost and expense (to the extent the cost and expense of repairs exceed the
amount of any insurance proceeds applied to such repairs pursuant to the
immediately preceding sentence) so as to place it in the same condition,
utility, and value as it was in before such damage and, upon receipt of written
approval from Lessor, shall cause such repairs to be accomplished.

11.4 No Release of Obligation. Except as expressly provided in this Section 11,
the Lessee shall bear all the risk of loss and shall not be released from its
obligations hereunder in the Event of any damage to the Aircraft or any part
thereof or any Event of Loss relating thereto.

12.      EVENTS OF DEFAULT

         The term Event of Default, wherever used herein, shall mean any of the
following events under this Lease (whatever the reason for such Event of Default
and whether it shall be voluntary or involuntary, or come about or be affected
by operation of law, or be pursuant to or in compliance with any judgment,
decree or order of any court or any order, rule or regulation of any
administrative or governmental body):

         (a) The Lessee shall fail to make any payment of Rent, or any other
payment due hereunder, within five (5) business days after such payment shall
become due; or

         (b) The Lessee shall fail to carry and maintain insurance at all times
on or with respect to the Aircraft in accordance with the provisions of Section
10 hereof or shall fail to provide evidence of such insurance at such times and
in such form as required in Section 10 hereof; or (c) The Lessee shall use or
permit the Aircraft to be used for any criminal or unlawful purpose; or

         (d) The Lessee shall fail to perform or observe any other covenant,
condition, warranty or agreement to be performed or observed by it under this
Lease or any agreement, document or certificate delivered by the Lessee in
connection herewith, and such failure shall continue for fifteen (15) days after
written notice thereof from the Lessor to the Lessee; or

         (e) Any representation or warranty made by Lessee in this Lease or any
agreement, document or certificate delivered by the Lessee in connection
herewith or pursuant hereto shall prove to be untrue or incorrect in any
material respect; or

         (f) The Lessee shall, or shall attempt to, make any unauthorized
assignment or transfer of this Lease or (except as expressly permitted by this
Lease) shall, or shall attempt to, sell, transfer, encumber, alienate, assign or
sublet the Aircraft or Parts, or shall permit the same to occur; or

         (g) The Lessee shall become insolvent or bankrupt or make an assignment
for the benefit of creditors of the Lessee or consent to the appointment of a
trustee or receiver in respect of any assets of Lessee; or

         (h) A trustee or a receiver shall by appointed for Lessee or for a
substantial part of its property without its consent and such trustee or
receiver, and the proceedings under which such appointment is made, is not
dismissed and discharged within sixty (60) days after such appointment; or

         (i) Bankruptcy, arrangement, reorganization or insolvency proceedings
with respect to Lessee shall be instituted by or against Lessee and, if
instituted against Lessee, shall not be dismissed within thirty (30) days; or

         (j) Lessee admits in writing its inability to pay its debts as they
mature or any obligation of Lessee for payment of borrowed money, for the
deferred purchase price of property or for the payment of rent or hire under any
lease of property shall not be paid when due, other than by reason of
acceleration, and the period of grace, if any, provided with respect thereto,
shall have elapsed, or any such obligation shall be accelerated, or Lessee or
any of its subsidiaries shall forfeit its rights hereunder.

13.      REMEDIES ON DEFAULT

                                       10
<PAGE>

13.1 Remedies. If one or more Events of Default shall have occurred and be
continuing, Lessor may, at its option, without notice of its election and
without demand, declare this Lease to be in default and, at any time thereafter,
may exercise one or more of the following remedies, all of which are hereby
authorized by the Lessee:

         (a) Lessor may proceed by appropriate court action, either at law or in
equity, to enforce performance by Lessee of the applicable covenants of this
Lease or to recover damages for the breach thereof.

         (b) By written notice (except written notice shall not be required for
events of insolvency or bankruptcy) to Lessee specifying the occurrence giving
rise to such Event(s) of Default, terminate this Lease on the date specified in
such notice, which shall be at least ten (10) days after the giving of such
notice (herein called the "Date of Termination"), and upon the date so
specified, if any such Event of Default shall be continuing, subject to the
provisions hereof relating to the survival of Lessee's obligations, this Lease
shall expire and terminate, whereupon all rights of Lessee under this Lease or
to the use of any Aircraft or any part thereof shall absolutely cease and
terminate; provided, however, that Lessee shall nevertheless remain liable under
this Lease. If this Lease shall expire and terminate pursuant to this Section
13.1(b), Lessee, if so requested by Lessor, shall at its expense promptly return
the Aircraft to the possession of Lessor at such place as Lessor shall designate
in accordance with Section 7, or Lessor, by its agent or agents, may at its
option, enter upon the premises where the Aircraft is located and take immediate
possession of and remove the Aircraft (together with any Main Component(s) or
Part(s) owned by Lessor, whether or not installed in the Airframe, subject to
all of the rights of the owner, Lessor, or secured party of such component or
part, which component or part may, at the option of Lessor, be exchanged with
Lessee, at Lessee's expense, for a Main Component or Part owned by Lessor) by
summary proceedings or otherwise without liability to return to Lessee any
rental theretofore paid hereunder and free of any claims of Lessee whatsoever.
In addition, upon the written request of Lessor, Lessee, at its expense, will
replace any component or part installed on the Airframe which is not owned by
Lessor with a Main Component or Part owned by Lessor.

         (c) Upon termination of this Lease, Lessor may require Lessee to pay to
Lessor an amount equal to any unpaid Rent due and payable for all periods up to
and including the Date of Termination, except as otherwise provided in Section
13.1(d) below.

         (d) Following the return of the Aircraft to Lessor pursuant to this
Section, Lessor may either (i) lease the Aircraft, in a commercially reasonable
manner, or (ii) proceed to sell the Aircraft. The proceeds of such sale or lease
shall be applied by Lessor, first, to pay all costs, charges and expenses,
incurred by Lessor as a result of the default and the exercise of its remedies
with respect thereto, including Liens, governmental fines and assessments prior
in right of that of Lessor in the Aircraft and all reasonable legal fees and
disbursements, incurred by Lessor as a result of the default and the exercise of
its remedies with respect thereto, and second, to pay to Lessor an amount equal
to any unpaid Rent due and payable to the extent not previously paid, and third,
pay to Lessor an amount equal to the Casualty Loss Value. Any surplus remaining
thereafter shall be retained by Lessor. Lessee shall forthwith pay to Lessor the
amount, if any, by which the sum of (a) all Rent then due and payable with
respect to the Aircraft; (b) all costs and expenses sustained by Lessor in
connection with an Event of Default; and (c) the Casualty Loss Value of the
Aircraft exceeds the sale or lease proceeds of the Aircraft.

13.2 Lessor's Expenses. Lessee shall be liable for all costs, charges and
expenses, including reasonable legal fees and disbursements, incurred by the
Lessor by reason of the occurrence of any Event of Default or the exercise of
the Lessor's rights or remedies with respect thereto.

13.3 Further Remedies. No remedy referred to herein is intended to be exclusive,
but each shall be cumulative and in addition to any other remedy referred to
above or otherwise available to the Lessor at law or in equity. No express or
implied waiver by the Lessor of any Default or Event of Default hereunder shall
in any way be, or be construed to be, a waiver of any future or subsequent
default or Event of Default. The failure or delay of the Lessor in exercising
any rights granted it hereunder upon any occurrence of any of the contingencies
set forth herein shall not constitute a waiver of any such right upon the
continuation or recurrence of any such contingencies or similar contingencies
and any single or partial exercise of any particular right by the Lessor shall
not exhaust the same or constitute a waiver of any other right provided herein.

13.4 Waiver. Lessor may, at its election, waive any Event of Default and its
consequences and rescind and annul any notice of termination hereunder by notice
in writing to that effect and thereupon the respective rights of the parties
shall be as they would have been if no Event of Default had occurred and no such
notice had been given. Lessee hereby waives any and all existing or future
claims to any offset against the Rent and other payments due hereunder and
agrees to make the Rent and other payments regardless of any offset or claim
which may be asserted by Lessee or on its behalf in connection with the Lease of
the Aircraft.

14.      LESSOR MAY ASSIGN AND ENCUMBER

                                       11
<PAGE>

         Lessor reserves the right for itself, both before and after the date of
this Lease to encumber the Aircraft with lease agreements, security agreements
and other liens which shall constitute rights superior to those created by or
arising under the terms of this Lease; and Lessee hereby agrees to execute
whatever documents as may be required to document such superior rights. Lessor's
right, title and interest in and to this Lease and the Aircraft may be
transferred and assigned by Lessor without notice to or approval of Lessee, and
in such event Lessor's assignee shall have all the rights, powers, privileges
and remedies of Lessor hereunder. Assignee's rights shall be free from all
defenses, set-offs or counterclaims which Lessee may be entitled to assert
against Lessor.

15.      ASSIGNMENT OR SUBLEASE BY LESSEE

         As provided in this Section 15, Lessee may sublease the Aircraft to
affiliates of Lessee and Lessor, and (b) to other parties with the written
consent of Lessor and Lessor's lender, which consent shall not be unreasonably
withheld. In the case of all such subleases (i) the term of the Sublease and any
subsequent sublease shall not extend beyond the Term of this Lease and; (ii) no
such subleasing shall release Lessee from any of its obligations under this
Lease.

         In consideration of Lessor allowing Lessee to sublease the Aircraft,
Lessee hereby assigns, transfers, and sets over unto Lessor, as collateral
security for the payment and performance of the obligations of Lessee under this
Lease, all of Lessee's right, title and interest, powers, privileges and other
benefits under the Sublease and any subsequent subleases. The Lessor shall have
all the rights of a secured party under the Uniform Commercial Code and Lessee
shall take such steps to maintain such security interest, including the filing
of all documents relating to such sublease, with the FAA. The nature of this
assignment is such that unless and until there occurs an Event of Default under
this Lease, Lessee may continue to enjoy its powers and privileges pursuant to
the Sublease and any subsequent sublease; provided, however, that from and after
the occurrence of an Event of Default under this Lease, Lessee is immediately
and absolutely divested of all its rights, title and interest in and to the
Sublease and any subsequent subleases and Lessor becomes immediately and
irrevocably entitled to all of Lessee's right title and interest in the Sublease
and any subsequent subleases, including without limitation, the immediate right
to receive and collect all rentals, profits, and other sums payable to or
receivable by Lessee under or pursuant to the provisions of the Sublease or any
subsequent subleases whether as rent, casualty payment, indemnity, liquidated
damages or otherwise, and the right to make waivers and agreements, to give all
notices, consents and releases, to take all action upon the happening of an
Event of Default specified in the Sublease and subsequent subleases, and to do
all other things whatsoever which Lessee is or may become entitled to do under
the Sublease and any subsequent subleases.

16.      WARRANTIES
16.1 Warranty of Lessor. Lessor warrants that during the Term of this Lease, if
no Event of Default has occurred, Lessee's use of the Aircraft shall not be
interrupted by Lessor or any other person to the extent that such person claims
through or under Lessor.

16.2 No Warranties. The warranty set forth in Section 16.1 is in lieu of all
other warranties of the Lessor. THE AIRCRAFT SHALL BE DELIVERED TO LESSEE IN AN
"AS IS" CONDITION AND LESSOR MAKES NO REPRESENTATION OR WARRANTY, EITHER
EXPRESSED OR IMPLIED, AS TO ANY MATTER WHATSOEVER, INCLUDING, WITHOUT
LIMITATION, THE DESIGN OR CONDITION OF THE AIRCRAFT, THE AIRFRAME OR ANY MAIN
COMPONENT, THEIR MERCHANTABILITY, DURABILITY, SUITABILITY OR FITNESS FOR ANY
PARTICULAR PURPOSE, THE QUALITY OF THE MATERIAL OR WORKMANSHIP OF THE AIRCRAFT,
AIRFRAME OR ANY MAIN COMPONENT, OR THE CONFORMITY OF THE AIRCRAFT, THE AIRFRAME
OR ANY MAIN COMPONENT, TO THE PROVISIONS AND SPECIFICATIONS OF ANY PURCHASE
ORDER OR ORDERS RELATING THERETO, AND LESSOR HEREBY SPECIFICALLY DISCLAIMS ANY
SUCH REPRESENTATION OR WARRANTY, WARRANTY, WHICH DISCLAIMER LESSEE HEREBY
ACKNOWLEDGES. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, LESSOR SHALL NOT
BE LIABLE OR RESPONSIBLE FOR ANY DEFECTS, EITHER PATENT OR LATENT (WHETHER OR
NOT DISCOVERABLE BY LESSOR OR LESSEE), IN THE AIRCRAFT, THE AIRFRAME, OR ANY
MAIN COMPONENT, OR FOR ANY DIRECT OR INDIRECT DAMAGE TO PERSONS OR PROPERTY
RESULTING THEREFROM, OR FOR LESSEE'S LOSS OF USE OF THE AIRCRAFT, AIRFRAME, OR
ANY MAIN COMPONENT OR FOR ANY INTERRUPTION IN LESSEE'S BUSINESS CAUSED BY
LESSEE'S INABILITY TO USE THE AIRCRAFT, AIRFRAME OR ANY MAIN COMPONENT FOR ANY
REASON WHATSOEVER. So long and only so long as an Event of Default shall not
have occurred and be continuing beyond any applicable grace period granted
herein, and so long and only so long as the Aircraft shall be subject to this
Lease and Lessee shall be entitled to possession of the Aircraft hereunder,
Lessor authorizes Lessee, at Lessee's expense, to assert for Lessor's account,
all rights and powers of Lessor, if any, under any manufacturer's, vendor's or
dealer's warranty on the Aircraft, Airframe, each Engine and Part, and any part
thereof, provided, however, that Lessee shall indemnify, protect, save, defend
and hold harmless Lessor and its successors or assigns from and against any and
all claims, and all costs, expenses, damages, losses, and liabilities incurred
or suffered by Lessor in connection therewith, as a result of, or incident to,
any action by Lessee pursuant to the foregoing authorization.

                                       12
<PAGE>

17.      TAXES

17.1 General. The Lessee agrees to pay and to indemnify the Lessor for, and hold
the Lessor harmless from and against, on an after tax basis, all license and
registration fees, income, franchise, gross receipts, sales, transfer, use,
excise, personal property, ad valorem, value added, leasing, leasing use, stamp,
landing, airport use or other taxes, levies, imposts, imports, duties, charges,
or withholdings of any nature, together with any penalties, fines, or interest
thereon ("Impositions"), arising out of the Lease or any lease transactions or
any use or possession of the Aircraft contemplated by this Lease and imposed
against the Lessor, the Lessee, or the Aircraft or any part thereof by any
Federal, state, local, or foreign government or other taxing authority;
provided, however, that Lessee shall have no obligation to pay Lessor pursuant
to this Section for taxes, fees or other charges imposed by the Federal
government or any State, and levied on or measured solely by the net income or
by the capital of the Lessor (except in all such cases for any such tax imposed
as a result of a payment of any indemnity pursuant to this Lease). Lessee shall,
to the extent provided by law, cause all Impositions to be billed to Lessee.
Lessee shall, at its expense, timely file all forms and returns and timely do
all things required to be done in connection with the levy, assessment and
payment of any Impositions. Lessee shall submit, upon request of Lessor, written
evidence to Lessor of the payment of all Impositions required to be paid
hereunder. Notwithstanding the foregoing, Lessor, in its sole discretion, may
pay any Imposition itself or file any forms or returns with respect thereto. If
Lessor pays any Imposition, Lessee shall, when billed, promptly reimburse Lessor
for such payment.

17.2     Income Tax Indemnity-Lessees Acts or Omissions.

         (a) Indemnity. In entering into this Lease, Lessor has assumed that it
is entitled to depreciation deductions for Federal income tax purposes under the
most accelerated method described in the Internal Revenue of 1986, as amended
(the "Code"), over the shortest depreciable life (recovery period) allowed
thereby and based upon 100% of its acquisition cost of the Aircraft (the
"Depreciation Deduction"). If as a result of an act or omission of Lessee of the
incorrectness of any warranty or representation by Lessee herein, Lessor, in
determining its Federal income tax liability for any taxable year, shall lose,
shall not have, shall lose the right to claim, or shall suffer a disallowance or
recapture of, or delay or claiming, all or any portion of the Depreciation
Deduction or if, for Federal income tax purposes, any item of income, loss or
deduction with respect to the Aircraft is treated as derived from sources
outside the United States, or if there shall be included in Lessor's gross
income for Federal income tax purposes and amount on account of any addition,
modification or improvement to or in respect of the Aircraft (a "Tax Loss"),
Lessee shall pay to Lessor within thirty (30 days of Lessor's invoice and amount
which, after deduction of all taxes required to be paid by Lessor as a result of
Lessor's receipt of such payment, will maintain Lessor's after-tax economic
yield in respect of the Aircraft at the same level that would have been
available if such Tax Loss had not occurred, plus penalties and interest payable
in connection with such Tax Loss.

         (b) Timing of Tax Loss. A tax Loss shall be deemed to occur upon the
earliest of (i) the filing of any tax return, including any statement of
estimated tax, in which Lessor reasonably and in good faith takes the position
that a Tax Loss has occurred, (ii) the receipt by Lessor from the Internal
Revenue Service of notice of proposed adjustments to Lessor's tax returns which
adjustments are based upon the occurrence of a Tax Loss, or (iii) the
determination by a court of competent jurisdiction that a Tax Loss has occurred.

         (c) Calculation of Yield. All calculations of Lessor's after-tax
economic yield with respect to a Tax Loss under this Section shall be determined
on the basis of the assumptions that the Lessor will be subject to the highest
marginal Federal corporate income tax rate and the highest applicable state or
local corporate income or franchise tax rate in effect on the date of the Tax
Loss.

         (d) Representations. Lessee represents and warrants that, for Federal
income tax purposes, (i) Lessee is not the owner of the Aircraft and will take
no actions inconsistent therewith; (ii) the Aircraft shall be in service as of
the first Rent payment date; and (iii) the Aircraft shall have a recovery period
under the Code of five (5) years.

18.      REPRESENTATIONS OF LESSEE

         Lessee covenants, represents, and warrants to Lessor that:

         (a) Lessee is a corporation duly organized, validly existing and in
good standing under the laws of the State of Ohio, is qualified to do business
in each jurisdiction in which such qualification to do business is necessary in
order for Lessee to carry on its business and to perform its obligations
hereunder, and is in good standing under the laws of each jurisdiction in which
it is so qualified and has the corporate power and authority to carry on its
business and to enter into and perform its obligation under this Lease.

<PAGE>

                                       13

         (b) This Lease has been duly authorized by all necessary corporate
action, if any, on the part of Lessee, does not require any stockholder approval
or other approval or consent, and neither the execution and delivery thereof by
Lessee nor the consummation of the transaction contemplated hereby nor
compliance by Lessee with any of the terms and provisions hereof nor the
operation of the Aircraft by Lessee will contravene any law, judgment,
governmental rule, regulation or order applicable to or finding on Lessee, or
contravene or result in any breach of, or constitute any default under, or
result in the creation of any Lien, charge or encumbrance (other than is
permitted hereunder) upon any property of Lessee under any agreement or
instrument to which Lessee is a party or by which Lessee or its properties may
be bound or affected.

         (c) Neither the execution, delivery, and performance by Lessee of this
Lease nor the consummation of any of the transactions by Lessee contemplated
hereby requires the consent or approval of, the giving of notice to, or the
registration with, or the taking of any other action in respect of, the FAA or
any other federal, state or foreign governmental authority or agency or other
Person, or, if any such approval, notice, registration or action is required, it
has been duly given or obtained.

         (d) This Lease has been executed by a duly authorized officer or
employee of the Lessee and constitutes a legal, valid, and binding obligation of
Lessee enforceable against Lessee in accordance with its terms, except as
limited by any bankruptcy, insolvency, reorganization, or other similar laws of
general application affecting the enforcement of creditor or Lessor rights.

         (e) There are no pending or threatened actions or proceedings before
any court of administrative agency which might materially adversely affect the
financial condition, business or operation of Lessee, or the ability of Lessee
to perform its obligations under this Lease or might adversely affect or impair
title to the Aircraft.

         (f) No provisions of this Agreement are prohibited, unlawful or
unenforceable under federal, state or local laws and there is no existing law,
decree or doctrine of law, which would limit the exercise by Lessor of the
remedies under Section 13 hereof in the Event of Default.

         (g) The chief executive office or chief place of business (as either of
such terms is used in Article 9 of the Uniform Commercial Code) of the Lessee is
as set forth in Section 20.2 and the Lessee agrees to give the Lessor prior
written notice of any relocation of said chief executive office or chief place
of business from its present location.

19.      DEFINITIONS

         For the purposes of the Lease, the following definitions will apply:

         "Aircraft" shall mean the Airframe to be delivered and leased under the
Lease with the two (2) Engines initially installed on such Airframe when
delivered and leased thereunder (or any Engine substituted for any of such
Engines thereunder), whether or not any of such initial or substituted Engines
may from time to time no longer be installed on such Airframe or may be
installed on any other airframe or on any other aircraft, as specifically
described in the Schedule.

         "Airframe" shall mean (i) the airframe (except Engines or engines from
time to time installed thereon) manufactured by the manufacturer described in
the Schedule, and (ii) any and all Parts so long as the same shall be
incorporated or installed in or attached to any such aircraft, or so long as
title thereto shall remain vested in the Lessor in accordance with the terms of
Section 6.2 of the Lease, after removal from such aircraft.

         "Casualty Loss Value" shall mean the higher of the then current Fair
Market Value or the applicable amount set forth in Table 1 to the Aircraft Lease
Schedule attached hereto as Exhibit A.

         "Certificate" shall mean the Certificate of Acceptance attached hereto
as Exhibit B.

         "Default" shall mean any event or condition which, by itself or with
the lapse of time or the giving of notice, or both, would constitute an Event of
Default.

         "Engine" shall mean (i) each of the engines listed by manufacturer and
manufacturer's serial number in the Schedule, whether or not from time to time
no longer installed on such Airframe or installed on any other airframe or on
any other aircraft, and (ii) any engine which may from time to time be
substituted, together in each case with any and all Parts incorporated or
installed in or attached thereto and or any and all Parts removed therefrom so
long as title thereto shall remain vested in the Lessor in accordance with the
terms of Sections 6.2 of the Lease after removal of such Parts.

                                       14

<PAGE>

         "Event of Loss" with respect to the Aircraft, the Airframe or any
Engine or other Main Component shall mean any of the following events with
respect to such property: (i) loss of such property or the use thereof due to
theft, disappearance, destruction, damage beyond repair or rendition of such
property permanently unfit for normal use for any reason whatsoever; (ii) any
damage to such property which results in an insurance settlement with respect to
such property on the basis of a total loss; (iii) the condemnation, confiscation
or seizure of, or requisition of title to or use of, such property by the act of
any government (foreign or domestic) or of any state or local authority or any
instrumentality or agency of the foregoing (Requisition of Use); or (iv) as a
result of any rule, regulation, order of or other action by any government
(foreign or domestic) or governmental body (including, without limitation, the
FAA or any foreign governmental body), having jurisdiction, the use of such
property in the normal course of business of air transportation shall have been
prohibited, or such property shall have been declared unfit for use, for a
period of thirty (30) consecutive days, unless the Lessee, prior to the
expiration or such thirty (30) day period, shall have undertaken and, in the
opinion of the Lessor shall be diligently carrying forward all steps which are
necessary or desirable to permit the normal use of such property by the Lessee
or, in any event, if use shall have been prohibited, or such property shall have
been declared unfit for use, for a period of ninety (90) consecutive days. The
date of such Event of Loss shall be the date of such theft, disappearance,
destruction, damage, Requisition of Use or unfitness for use for the stated
period. An Event of Loss with respect to the Aircraft shall be deemed to have
occurred if any Event of Loss occurs with respect to the Airframe which is part
of such Aircraft. An Event of Loss with respect to any Engine or Main Component
shall not, without an Event of Loss with respect to the Airframe, be deemed an
Event of Loss with respect to any Aircraft.

         "Fair Market Value" shall mean the price obtained or that could be
obtained from a sale between a willing seller and willing buyer.

         "Lien" shall mean any lien, mortgage, encumbrance, pledge, charge,
lease, right of other or security interest of any kind, including, but not
limited to, any interest thereof arising under any conditional sales contract or
other title retention agreement.

         "Main Components" shall include any Engine and other component listed
on Exhibit A or delivered with the Aircraft as described herein.

         "Manufacturer" shall mean the company listed on the Schedule.

         "Parts" shall mean all appliances, parts, instruments, appurtenances,
accessories, furnishing and other equipment of whatever nature, which may from
time to time be incorporated or installed in or attached to the Airframe or any
Main Component.

         "Person" shall mean any individual, partnership, corporation, trust,
unincorporated association or joint venture, a government or any department or
agency thereof, or any other entity.

20.      MISCELLANEOUS

20.1 Successors and Assigns. This Lease shall be binding upon and inure to the
benefit of the respective successors and assignees of the parties, except as
herein provided. Lessee shall not assign the Lease without express written
consent of Lessor.

20.2 Notices. All Notices provided for or required under the terms and
provisions hereof shall be in writing and any such notice shall be deemed given
when delivered personally or by overnight carrier or when deposited in the
United States mails, with proper postage prepaid, for first class certified
mail, return receipt requested, addressed as follows:

         If to Lessor:     Miramonte Aviation, LLC
                           Attn; Mr. Monte Black
                           9711 Lancaster Rd.
                           Hebron, OH 43025

         If to Lessee:     MPW Industrial Services Group, Inc.
                           Attn: Mr. Rick Kahle
                           9711 Lancaster Rd.
                           Hebron, OH 43025

or to such other address as Lessor or Lessee, may from time to time designate in
writing.

                                       15
<PAGE>

20.3 Governing Law, Severability, Construction of Lease. THIS LEASE IS TO BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF OHIO. ANY DISPUTES ARISING
UNDER THIS LEASE SHALL BE HEARD IN THE COURTS OF OHIO AND LESSEE AGREES TO WAIVE
TRAIL BY JURY. To the extent permitted by applicable law, Lessee hereby waives
any provision of law which renders any provision hereof prohibited or
unenforceable in any respect. Otherwise, any provision of this Lease which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability, without
invalidating any of the remaining provisions hereof, and any such prohibition or
unenforceability in any one or more jurisdictions shall not invalidate or render
unenforceable such provisions in other jurisdictions. No delay by Lessor in
exercising any right, power or remedy under this Lease shall constitute a
waiver, and any waiver by Lessor on any one occasion shall not be construed as a
waiver on any future occasion or for any other purpose.

20.4 Entire Agreement, Modification. To the extent inconsistent with this Lease,
all prior agreements, understanding, representations and statements, oral or
written, with respect to the transactions contemplated herein, are superseded by
this Lease. Neither this Lease nor any provision hereof may be waived, modified,
amended, discharged or terminated except by an instrument signed by the party
against whom the enforcement of such waiver, modification, amendment, discharge
or termination is sought, and then only to the extent set forth in such
instrument.

20.5 Delivery of Documents. Lessee agrees to deliver to Lessor, its successors
and assigns, upon the request of Lessor, such information, documentation,
certificates, acknowledgments, consents and other instruments, which Lessor may
reasonably determine to be necessary or proper to protect Lessor's rights
hereunder and to facilitate the encumbrance or assignment, if any, by Lessor of
its rights, title and interest in and to this Lease and the Aircraft subject to
this Lease. Lessee agrees to take any and all other action reasonably requested
by Lessor from time to time for the purpose of fully effectuating the contents
and purposes of this Lease, and to protect the interests of the Lessor, its
successors and assigns.

20.6 Notice of any Claims. In the event the Aircraft or the use, operation,
transportation, storage, repair or maintenance thereof, or any other activity
pertaining thereto, or any fee or charge for any of the foregoing, is the
subject of or otherwise becomes involved in any litigation, whether or not
Lessee is a party to such litigation, Lessee shall promptly give notice of such
litigation and provide any details pertaining thereto to Lessor, and shall
thereafter keep Lessor advised as to the progress of such litigation.

20.7 Brokers and Agents. Lessor and Lessee each represents and warrants to the
other that it has not dealt with any broker. Each party hereto agrees to
indemnify and hold harmless the other against and in respect of all claims for
brokerage commissions, finder's fees and similar compensation arising out of the
purchase or lease of the Aircraft, which claims are based in any way upon breach
of the foregoing representation by such indemnifying party.

20.8 Counterparts. This Lease may be executed in any number of counterparts and
by the parties hereto on separate counterparts, of which only the Lease
identified as Counterpart No. 1 shall constitute "Chattel Paper" or other
"Collateral" within the meaning of the Uniform Commercial Code in any
jurisdiction.

20.9 Section Headings. All section headings contained herein are for convenience
of reference only and are not intended to define or limit the scope of any
provision of this Lease.

20.10    TRUTH-IN-LEASING.

         (SEE FEDERAL AVIATION REGULATIONS FAR 91.23). AT ALL TIMES FROM DATE OF
MANUFACTURE TO THE DATE OF THE EXECUTION OF THIS LEASE, THE AIRCRAFT HAS BEEN
MAINTAINED AND INSPECTED IN ACCORDANCE WITH FAR PART 91. LESSEE REPRESENTS THAT
THE AIRCRAFT WILL BE MAINTAINED BY LESSEE UNDER FAR 91 FOR THE OPERATIONS TO BE
CONDUCTED UNDER THIS LEASE. LESSEE WILL BE RESPONSIBLE FOR OPERATIONAL CONTROL
OF THE AIRCRAFT UNDER THIS LEASE.

         AN EXPLANATION OF THE FACTORS BEARING ON OPERATIONAL CONTROL AND
PERTINENT FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE NEAREST FEDERAL
AVIATION ADMINISTRATION FLIGHT STANDARDS DISTRICT OFFICE.

         THE UNDERSIGNED LESSEE WHOSE ADDRESS APPEARS BELOW, CERTIFIES THAT IT
IS RESPONSIBLE FOR OPERATIONAL CONTROL OF THE AIRCRAFT AND THAT IT UNDERSTANDS
ITS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION
ADMINISTRATION REGULATIONS.

LESSEE SHALL MAIL AN EXECUTED COPY OF THIS LEASE TO THE FEDERAL AVIATION
ADMINISTRATION, AIRCRAFT REGISTRATION BRANCH, ATTENTION: TECHNICAL SECTION, P.O.
BOX 25724, OKLAHOMA CITY, OK

                                       16
<PAGE>

73125 WITHIN 24 HOURS OF THE TIME OF EXECUTION
HEREOF, AND SHALL CARRY A COPY OF THIS LEASE IN THE AIRCRAFT AT ALL TIMES.

         IN WITNESS WHEREOF, the parties hereto have executed this Lease as of
May 12, 2003.

<TABLE>
<S>                                             <C>
(Lessor)   Miramonte Aviation, LLC              (Lessee) MPW Industrial Services Group, Inc.
                                                (Address)_______________________

                                                         _______________________

                                                         _______________________

By: /s/ Monte R. Black                          By:  /s/ Richard R. Kahle

Title: Member                                   Title:  VP-CFO
</TABLE>

                                       17
<PAGE>

                                    EXHIBIT A

                             AIRCRAFT LEASE SCHEDULE

         Aircraft Lease Agreement, dated as of May 12, 2003.

         This Aircraft Lease Schedule is entered into by and between MPW
Industrial Services Group, Inc. (Lessee) and Miramonte Aviation, LLC (Lessor).

         Lessor and Lessee hereby agree to append this Aircraft Lease Schedule
and all exhibits, attachments, schedules and tables thereto (the "Schedule") to
the above-referenced Lease and agree, further, that the terms and conditions of
the Lease are incorporated herein by reference and made a part hereof with
respect to the Aircraft listed below, except as provided herein. As used in this
Schedule the terms defined in the Lease shall have the meanings set forth
therein except as otherwise defined herein.

1.       Description of Aircraft:

         Airframe: Cessna Citation Excel, N20SB
         Model:560
         Manufacturer:Cessna Aircraft Corp.
                  Serial No. 560-5114

         Engines:  2  Pratt & Whitney
         Model: PW545A
         Manufacturer: Pratt & Whitney
                                    No. 1 - Serial No.  PCEDB0233
                                    No. 2 - Serial No.  PCEDB0234

Together with any and all avionics, appliances, parts, instruments,
appurtenances, accessories, furnishings and other equipment of whatever nature
which may from time to time by part of, attached to, incorporated in, or
installed on the Aircraft and all such components which shall have been removed
or detached from the Aircraft until a substitute or replacement component shall
have been provided pursuant to Section 6.2 of the Lease.

The Lessor may, with the consent of the Lessee And Lessor's lender, replace or
substitute the Aircraft described above with another aircraft anytime during the
term of this lease. All other terms of the lease would stay in full force and
effect and apply to the new aircraft.

2.       Rent.

         The Lessee shall pay Rent for the Aircraft in the amount of $35,000 per
month in advance, without notice or demand, commencing on first day of May 12,
2003 and on the first day of each and every month thereafter for the Term of the
Lease and terminate on May 12, 2004. The first months Rent shall include all
applicable state and local sales and use taxes with respect to this Lease for
the entire Term of this Agreement.

3.       Renewal Terms

         There shall be four one-year renewal terms at the option of the Lessor.
         To exercise each option, Lessor shall give written notice to the Lessee
         at least 30 days prior to the end of the original term or any
         subsequent renewal term. The monthly rental amount shall remain the
         same for each renewal term.

                                       18
<PAGE>

4.       Principal Location.

         The principal location of the Aircraft shall be the MPW Industrial
Services Group, Inc. hangar at 300 Heath Rd. Heath, Ohio 43056 Lessee may change
the principal location of the Aircraft only with the written consent of Lessor,
which consent shall not be unreasonably withheld. The Lessee shall provide for
hangar storage of the aircraft whenever the aircraft is at its principal
location.

5.       Casualty Loss Value.

         The Casualty Loss Value of the Aircraft shall be the dollar amounts set
forth opposite the applicable rent payment periods in Table 1 attached hereto
and incorporated herein by reference.

6.       The Aircraft described above is owned by:

         OWNER: Miramonte Aviation, LLC
         ADDRESS:

                       TABLE 1 TO AIRCRAFT LEASE SCHEDULE
                              CASUALTY LOSS VALUES

         The Casualty Loss Value shall be equal to the amount shown below as of
the Rental Payment Date preceding the Casualty Occurrence.
<TABLE>
<CAPTION>
Monthly Rent               Casualty         Monthly Rent              Casualty
Period                     Loss Value        Period                   Loss Value
------------               -----------      ------------              ----------
<S>                        <C>              <C>                       <C>
Prior to month 1           $7,600,000
</TABLE>

                                       19

<PAGE>

                                    EXHIBIT B
                          CERTIFICATE OF ACCEPTANCE TO
                            AIRCRAFT LEASE SCHEDULE

         In accordance with the Aircraft Lease Agreement (the "Lease")
dated      , and the Aircraft Lease Schedule (the "Schedule") dated as
of      , Lessee hereby acknowledges and agrees that the Aircraft described
below has been delivered to Lessee on the date hereof and that, as between
Lessor and Lessee, the Aircraft (i) has been inspected to the complete
satisfaction of Lessee; (ii) is in good operating order, repair and condition;
(iii) is of a size, design, capacity and manufacture selected by Lessee, and
suitable for Lessee's purposes; and (iv) has been unconditionally accepted by
Lessee without reservation or exception on the date hereof, for all purposes of
the Lease and the Schedule, and is subject to all of the terms, conditions and
provisions of the Lease and the Schedule. Lessee further acknowledges, agrees
and certifies that Lessor has made no warranty, express or implied, with respect
to the Aircraft and that the Aircraft is currently certificated under existing
Federal Aviation Administration rules and regulations and is completely
airworthy in all respects. All capitalized terms used herein which are not
otherwise defined herein shall have the meaning given to such terms in the Lease
and the Schedule.

         Description of the Aircraft:

         (a)      Cessna Citation Excel, N20SB

                  FAA REGISTRATION NO. N20SB         Manufacturer's Serial No.
                  560-5114

         (b)      Engines:
                  2 Pratt & Whitney
                  Engine 1 Serial No. PCEDB0233
                  Engine 2 Serial No. PCEDB0234

         (c)      Avionics and other equipment as specified in Table A hereto.

         IN WITNESS WHEREOF, the Lessee has caused this Certificate of
Acceptance to be executed by its duly authorized officer this           day
of            .

By:

Title:

                                       20

<PAGE>

                                     Table A

AVIONICS

Flight Director, 3-8x7" EFIS Displays                Honeywell P-1000
Auto Pilot                                           Honeywell P-1000
Full Color Central Radio Management Unit             Honeywell Primus II
-Dual Comms                                          Honeywell TR-833
-Single ADF                                          Honeywell DF-850
-Dual DMEs                                           Honeywell DM-850
-Dual Diversity Transponders                         Honeywell XS-852
-Dual Navs                                           Honeywell NV-850
Radio Altimeter                                      ALT-55
Stabilized Color Radar                               Honeywell Primus-880
Flight Management System                             Dual UNS-1Csp
HF Communication                                     King KHF-950
Traffic Collision Avoidance System                   Honeywell TCAS II
Enhanced Ground Proximity Warning System             Honeywell EGPWS
SATCOM System with SELCAL                            TT-3000 Aero-M
Cockpit Voice Recorder                               L3 Comm A-200S

ADDITIONAL EQUIPMENT

Thrust Reversers
Auxiliary Power Unit
Angle of Attack with Indexer
Ground Pulselite System
Double wide Pedestal
76 cubic foot Oxygen System
Monorail Sunvisors
Remote Cabin Temperature Control
Right Hand Landing Gear Control
Heads-Up Cabin Briefer
fax/data port in cabin
Airshow 400
10.4" Video Monitor on aft side of right-hand closet

INTERIOR

Overall light beige and charcoal gray. The passenger seats are in light beige
leather, the window reveals are light beige/gray, and the lower sidewalls are
charcoal gray leather. The carpet is dark charcoal gray with accents. The
cabinetry is in a light beige high gloss European finish. The plating color is
polished black nickel.

                                       21

<PAGE>

EXTERIOR

Overall Matterhorn White with Gray and Maroon Stripes.

                                       22

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