Document:

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                                                                   EXHIBIT 10.14

                        [COMMUNITY BANK INDIANOLA LOGO]

April 26, 1999

George S. Hastings
President
Aquapro Corporation
1100 Highway 3
Sunflower, MS 38778

Dear George,

Community Bank, Indianola is pleased to commit to Aquapro Corporation two
revolving lines of credit. The first is in the amount of $700,000.00 for the
purpose of financing catfish feed purchased from Delta Western. The second is in
the amount of $400,000.00 to be used for catfish production. This commitment is
contingent on the following terms and conditions:

         1) The notes will be established as a revolving line of credit for the
specific and expressed purposes of financing catfish feed purchased from Delta
Western to be used to feed Aquapro Corporation and for catfish production.

         2) It is understood between Aquapro Corporation, hereinafter referred
to as borrower, and Community Bank, Indianola, hereinafter referred to as
lender, that borrower may not enter into any other catfish operations involving
the production and sale of catfish without prior written consent of the lender.
It is further understood that borrower may not pledge any assets described in
the security agreement between borrower and lender dated 4/26/99 without prior
written consent of the lender.

         3) The security on the loan will be a perfected first lien position on
all Delta Pride and FishCo stock owned. Minimum number of shares pledged will be
1968 shares of Delta Pride and 448 shares of FishCo. A first lien position on
inventory including fingerlings, food fish and stockers and accounts receivable
will also be granted by Aquapro. A first lien position will also be taken on
approximately 553 acres of land located in Sunflower County and Leflore County
known as Circle Creek and Panther Run and a second lien on 647 acres of land
located in Bolivar County. A blanket lien on all equipment. An assignment of
$1,000,000 of cash value life insurance taken on George Hastings and Randle
Willoughby.

         4) The interest rate charged on the loan will be equal to New York
Consensus Prime plus 165 basis points and will be subject to daily adjustments.

         5) This line of credit will mature on March 15, 2000.

         6) An operating deposit account will be maintained at Community Bank,
Indianola by Aquapro. All proceeds from pledged inventory sales and account
receivable collection will be deposited into the account and 50% will be applied
to the feed line and 50% will be applied to

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        -P.O. BOX 28 -INDIANOLA, MISSISSIPPI 38751 -PHONE:(601) 887-4513
<PAGE>
the production line, first to interest and secondly to principal. Maximum
principal balances below will apply to the feed line and production line
respectively.

<TABLE>
<CAPTION>
                                    Feed Line               Production Line
<S>                                 <C>                     <C>
       November 15, 1999            $560,000                $320,000
       December 15, 1999            $420,000                $240,000
       January 15, 2000             $280,000                $160,000
       February 15, 2000            $140,000                $ 80,000
       March 01, 2000                     -0-                     -0-
</TABLE>

Non-compliance with the above dates will result in the borrower being required
to obtain other outside funding to be applied to the LOC until the stated
compliance is achieved.

         7) By acceptance of this commitment letter, the borrower agrees to
comply with all terms and conditions herein and to a 1% ($11,000.00) commitment
fee. Fee payable to Community Bank, Indianola at the time the commitment letter
is accepted and delivered.

         8) The personal guarantee of George S. Hastings on the line of credit
is required.

         9) Monthly financial statements will be required to be submitted to
Community Bank, Indianola by the borrower within three weeks after the close of
the accounting period.

        10) As of today's date, there are outstanding taxes due for 1998 on
certain parcels of the real estate taken as collateral by Community Bank. These
taxes must be paid in full and the receipt delivered to the bank as soon as the
correct amount has been determined.

Community Bank, Indianola appreciates the opportunity to provide Aquapro
Corporation with this credit facility and I am looking forward to working with
you during this exciting time.

Sincerely,

/s/ Dave Dickson
Dave Dickson
Senior Vice President

Acceptance

         Intending to be legally bound, the undersigned hereby accepts the
foregoing loan commitment.

              Executed this 28th day of April, 1999.
                            ----

/s/ George S. Hastings
George S. Hastings
President
Aquapro Corporation
<PAGE>
<TABLE>
<CAPTION>
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<S>                                           <C>                                           <C>
AQUAPRO CORPORATION                                   COMMUNITY BANK,                       Loan Number 4256061
1100 HIGHWAY 3                                        INDIANOLA, MISSISSIPPI                Date 4/26/99
SUNFLOWER MS  38778                                   147 HWY 82E                           Maturity Date 3/15/00
                                                      INDIANOLA, MS  38751                  Loan Amount  $700,000.00
Renewal Of
           ------------
     BORROWER'S NAME AND ADDRESS                   LENDER'S NAME AND ADDRESS                   JJR/LAV
"I" includes each borrower above, jointly     "You" means the lender, its successors
and severally.                                 and assigns.
--------------------------------------------------------------------------------------------------------------------
</TABLE>

For value received, I promise to pay to you, or your order, at your address
listed above the PRINCIPAL sum of SEVEN HUNDRED THOUSAND AND NO/100 Dollars
$700,000.00

[ ]  SINGLE ADVANCE: I will receive all of this principal sum on ____________.

     No additional advances are contemplated under this note.

[X]  MULTIPLE ADVANCE: The principal sum shown above is the maximum amount of
     principal I can borrow under this note. On 4/26/99 I will receive the
     amount of $__________ and future principal advances are contemplated.
     CONDITIONS: The conditions for future advances are UPON CUSTOMER REQUEST
     AND AT BANK'S DISCRETION

     [X]  OPEN END CREDIT: You and I agree that I may borrow up to the maximum
          principal sum more than one time. This feature is subject to all other
          conditions and expires on 3/15/00.

     [ ]  CLOSED END CREDIT: You and I agree that I may borrow (subject to all
          other conditions) up to the maximum principal sum only one time.
INTEREST: I agree to pay interest on the outstanding principal balance
          from 4/26/99 at the rate of 9.400% per year until INDEX RATE CHANGES.

[X]  VARIABLE RATE: This rate may then change as stated below.

     [X]  INDEX RATE: The future rate will be 1.650% ABOVE the following index
          rate: NEW YORK CONSENSUS PRIME RATE AS PUBLISHED IN THE WALL STREET
          JOURNAL.

     [ ]  NO INDEX: The future rate will not be subject to any internal or
          external index. It will be entirely in your control.

     [X]  FREQUENCY AND TIMING: The rate on this note may change as often as
          DAILY.

     A Change in the interest rate will take effect DAILY.

     [ ]  LIMITATIONS: During the term of this loan, the applicable annual
          interest rate will not be more than ______% or less than ________%.
          The rate may not change more than _______% each _________________.

     EFFECT OF VARIABLE RATE: A change in the interest rate will have the
     following effect on the payments:

     [ ] The amount of each scheduled payment will change.

     [X] The amount of the final payment will change.

     [ ]
         --------------------------------------------------------------------.

ACCRUAL METHOD: Interest will be calculated on a ACTUAL/365 basis.

POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note
    owing after maturity, and until paid in full, as stated below:

     [X] on the same fixed or variable rate basis in effect before maturity (as
        indicated above).

     [ ] at a rate equal to _________________________________________________.

[X]  LATE CHARGE: If a payment is made more than 15 days after it is due, I
     agree to pay a late charge of 4% OF THE PAYMENT OR $5.00 WHICHEVER IS
     GREATER WITH A MAX. OF $50.00.

[X]  ADDITIONAL CHARGES: In addition to interest, I agree to pay the following
     charges which [X] are [ ] are not included in the principal amount above:
     FILING FEE 98.50________ ATTORNEY FEE_______ APPRAISAL FEE______.

PAYMENTS: I agree to pay this note as follows: ORIGINATION 7,000.00

[X]  INTEREST: I agree to pay accrued interest WITH THE PRINCIPAL

[X]  PRINCIPAL: I agree to pay the principal AT MATURITY

[ ]  INSTALLMENTS: I agree to pay this note in _______ payments. The first
     payment will be in the amount of $___________________ and will be due
     ______. A payment of $_________ will be due _________________ thereafter.
     The final payment of the entire unpaid balance of principal and interest
     will be due __________.

PURPOSE: The purpose of this loan is 1999 FEED LINE.

ADDITIONAL TERMS:

I/WE DO HEREBY AGREE THIS LOAN IS FURTHER SECURED BY R/E LOCATED IN SUNFLOWER,
LEFLORE AND BOLIVAR COUNTIES. 448 SHARES OF FISHCO STOCK, ASSN 1968 SHARES OF
DELTA PRIDE CATFISH STOCK, BLANKET LIEN ON ALL EQUIPMENT AND CATFISH INVENTORY,
KEY MAN LIFE INS POLICY IN THE AMOUNT OF $1,000,000 AND ASSN OF REBATES FROM
FISHCO INC TO DELTA WESTERN.

I AGREE TO PAY A MINIMUM INTEREST CHARGE OF $10.00 IF I PAY THIS LOAN OFF BEFORE
YOU HAVE EARNED THAT MUCH INTEREST.

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Copyright 1984, 1991 Bankers Systems, Inc.,                       GH
St. Cloud, MN Form UNS-LAZ 1/31/96                                   -----------

UNIVERSAL NOTE AND SECURITY AGREEMENT                             (page 1 of 10)
<PAGE>
                                    SECURITY

SECURITY INTEREST: I give you a security interest in all of the Property
described below that I now own and that I may own in the future (including, but
not limited to, all parts, accessories, repairs, improvements, and accessions to
the Property), wherever the Property is or may be located, and all proceeds and
products from the Property.

[X] INVENTORY: All inventory which I hold for ultimate sale or lease, or which
    has been or will be supplied under contracts of service, or which are raw
    materials, work in process, or materials used or consumed in my business.

[X] EQUIPMENT: All equipment including, but not limited to, all machinery,
    vehicles, furniture, fixtures, manufacturing equipment, farm machinery and
    equipment, shop equipment, office and recordkeeping equipment, and parts and
    tools. All equipment described in a list or schedule which I give to you
    will also be included in the secured property, but such a list is not
    necessary for a valid security interest in my equipment.

[X] FARM PRODUCTS: All farm products including, but not limited to:

    (a) all poultry and livestock and their young, along with their products,
    produce and replacements;

    (b) all crops, annual or perennial, and all products of the crops; and

    (c) all feed, seed, fertilizer, medicines, and other supplies used or
    produced in my farming operations.

[ ] ACCOUNTS, INSTRUMENTS, DOCUMENTS, CHATTEL PAPER AND OTHER RIGHTS TO
PAYMENT:

    All rights I have now and that I may have in the future to the payment of
    money including, but not limited to:

    (a) payment for goods and other property sold or leased or for services
    rendered, whether or not I have earned such payment by performance; and

    (b) rights to payment arising out of all present and future debt
    instruments, chattel paper and loans and obligations receivable.

    The above include any rights and interests (including all liens and security
    interests) which I may have by law or agreement against any account debtor
    or obligor of mine.

[ ] GENERAL INTANGIBLES: All general intangibles including, but not limited
    to, tax refunds, applications for patents, patents, copyrights, trademarks,
    trade secrets, good will, trade names, customer lists, permits and
    franchises, and the right to use my name.

[ ] GOVERNMENT PAYMENTS AND PROGRAMS: All payments, accounts, general
    intangibles, or other benefits (including, but not limited to, payments in
    kind, deficiency payments, letters of entitlement, warehouse receipts,
    storage payments, emergency assistance payments, diversion payments, and
    conservation reserve payments) in which I now have and in the future may
    have any rights or interest and which arise under or as a result of any
    preexisting, current or future Federal or state governmental program
    (including, but not limited to, all programs administered by the Commodity
    Credit Corporation and the ASCS).

[X] THE SECURED PROPERTY INCLUDES, BUT IS NOT LIMITED BY, THE FOLLOWING:

    1ST D/T DATED 4/26/99 COV 278 ACRES LOC IN LEFLORE COUNTY AND 275 ACRES LOC
    IN SUNFLOWER COUNTY. 2ND D/T DATED 4/26/99 COV 647 ACRES LOC IN BOLIVAR CTY
    ASSN 448 SHARES OF FISHCO INC STOCK CERT #556 AND 1968 SHARES OF DELTA PRIDE
    CATFISH INC STOCK CERT #1282, 1224, 1223, 1225, 1222, 1216 & 1283 ALL IN THE
    NAME OF AQUAPRO CORPORATION. BLANKET LIEN COV ALL MISC EQUIPMENT NOT LIMITED
    TO AND INCLUDING ALL FUTURE PURCHASES AND REPLACEMENTS THEREOF.

    ALL CATFISH INVENTORY NOT LIMITED TO AND INCLUDING STOCKERS, FINGERLINGS &

                                                                  (page 2 of 10)
<PAGE>
    FOOD FISH. LIFE INS. POLICY ISSUED BY VALLEY FORGE LIFE INS CO. POLICY #
    VIFB022778 IN THE NAME GEORGE S HASTINGS IN THE AMOUNT OF $1,000,000. LIFE
    INS POLICY ISSUED BY 1ST COLONY LIFE IN THE NAME OF RANDLE WILLOUGHBY IN THE
    AMOUNT OF $1,000,000. ASSN. OF FISHCO REBATES.

If this agreement covers timber to be cut, minerals (including oil and gas),
fixtures or crops growing or to be grown, the description of the real estate is:

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[ ] If checked, file this agreement on the real estate records. Record owner
    (if not me)

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The Property will be used for a [ ] personal [ ] business [X] agricultural
[ ]                                  purpose.
   ---------------------------------

                   ADDITIONAL TERMS OF THE SECURITY AGREEMENT

GENERALLY - This agreement secures this note and any other debt I have with you,
now or later. However, it will not secure other debts if you fail with respect
to such other debts, to make any required disclosure about this security
agreement or if you fail to give any required notice of the right of rescission.
If property described in this agreement is located in another state, this
agreement may also, in some circumstances, be governed by the law of the state
in which the Property is located.

OWNERSHIP AND DUTIES TOWARD PROPERTY - I represent that I own all of the
Property, or to the extent this is a purchase money security interest I will
acquire ownership of the Property with the proceeds of the loan. I will defend
it against any other claim. Your claim to the Property is ahead of the claims of
any other creditor. I agree to do whatever you require to protect your security
interest and to keep your claim in the Property ahead of the claims of other
creditors. I will not do anything to harm your position.

   I will keep books, records and accounts about the Property and my business in
general. I will let you examine these records at any reasonable time. I will
prepare any report or accounting you request, which deals with the Property.

                                                                  (page 3 of 10)
<PAGE>
   I will keep the Property in my possession and will keep it in good repair and
use it only for the purpose(s) described on page 1 of this agreement. I will not
change this specified use without your express written permission. I represent
that I am the original owner of the Property and, if I am not, that I have
provided you with a list of prior owners of the Property.

   I will keep the Property at my address listed on page 1 of this agreement,
unless we agree I may keep it at another location. If the Property is to be used
in another state, I will give you a list of those states. I will not try to sell
the Property unless it is inventory or I receive your written permission to do
so. If I sell the Property I will have the payment made payable to the order of
you and me.

   You may demand immediate payment of the debt(s) if the debtor is not a
natural person and without your prior written consent; (1) a beneficial interest
in the debtor is sold or transferred, or (2) there is a change in either the
identity or number of members of a partnership, or (3) there is a change in
ownership of more than 25 percent of the voting stock of a corporation.

   I will pay all taxes and charges on the Property as they become due. You have
the right of reasonable access in order to inspect the Property. I will
immediately inform you of any loss or damage to the Property.

   If I fail to perform any of my duties under this security agreement, or any
mortgage, deed of trust, lien or other security interest, you may without notice
to me perform the duties or cause them to be performed. Your right to perform
for me shall not create an obligation to perform and your failure to perform
will not preclude you from exercising any of your other rights under the law or
this security agreement.

PURCHASE MONEY SECURITY INTEREST - For the sole purpose of determining the
extent of a purchase money security interest arising under this security
agreement: (a) payments on any nonpurchase money loan also secured by this
agreement will not be deemed to apply to the Purchase Money Loan, and (b)
payments on the Purchase Money Loan will be deemed to apply first to the
nonpurchase money portion of the loan, if any, and then to the purchase money
obligations in the order which the items of collateral were acquired or if
acquired at the same time, in the order selected by you. No security interest
will be terminated by application of this formula. "Purchase Money Loan" means
any loan the proceeds of which, in whole or in part, are used to acquire any
collateral securing the loan and all extensions, renewals, consolidations and
refinancing of such loan.

PAYMENTS BY LENDER - You are authorized to pay, on my behalf, charges I am or
may become obligated to pay to preserve or protect the secured property (such as
property insurance premiums). You may treat those payments as advances and add
them to the unpaid principal under the note secured by this agreement or you may
demand immediate payment of the amount advanced.

                                                                  (page 4 of 10)
<PAGE>
INSURANCE - I agree to buy insurance on the Property against the risks and for
the amounts you require and to furnish you continuing proof of coverage. I will
have the insurance company name you as loss payee on any such policy. You may
require added security if you agree that insurance proceeds may be used to
repair or replace the Property. I will buy insurance from a firm licensed to do
business in the state where you are located. The firm will be reasonably
acceptable to you. The insurance will last until the Property is released from
this agreement. If I fail to buy or maintain the insurance (or fail to name you
as loss payee) you may purchase it yourself.

WARRANTIES AND REPRESENTATIONS - If this agreement includes accounts, I will not
settle any account for less than its full value without your written permission.
I will collect all accounts until you tell me otherwise. I will keep the
proceeds from all the accounts and any goods which are returned to me or which I
take back in trust for you. I will not mix them with any other property of mine.
I will deliver them to you at your request. If you ask me to pay you the full
price on any returned items or items retaken by myself, I will do so.

   If this agreement covers inventory, I will not dispose of it except in my
ordinary course of business at the fair market value for the Property, or at a
minimum price established between you and me.

   If this agreement covers farm products I will provide you at your request, a
written list of the buyers, commission merchants or selling agents to or through
whom I may sell my farm products. In addition to those parties named on this
written list, I authorize you to notify at your sole discretion any additional
parties regarding your security interest in my farm products. I remain subject
to all applicable penalties for selling my farm products in violation of my
agreement with you and the Food Security Act. In this paragraph the terms farm
products, buyers, commission merchants and selling agents have the meanings
given to them in the Federal Food Security Act of 1985.

REMEDIES - I will be in default on this security agreement if I am in default on
any note this agreement secures or if I fail to keep any promise contained in
the terms of this agreement. If I default, you have all of the rights and
remedies provided in the note and under the Uniform Commercial Code. You may
require me to make the secured property available to you at a place which is
reasonably convenient. You may take possession of the secured property and sell
it as provided by law. The proceeds will be applied first to your expenses and
then to the debt. I agree that 10 days written notice sent to my last known
address by first class mail will be reasonable notice under the Uniform
Commercial Code. My current address is on page 1. I agree to inform you in
writing of any change of my address.

FILING - A carbon, photographic or other reproduction of this security agreement
or the financing statement covering the Property described in this agreement may
be used as a financing statement where allowed by law. Where permitted by law,

                                                                  (page 5 of 10)
<PAGE>
you may file a financing statement which does not contain my signature, covering
the Property secured by this agreement.

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Any person who signs within this box does so to give you a security interest in
the Property described on this page. This person does not promise to pay the
note. "I" as used in this security agreement will include the borrower and any
person who signs within this box.

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

Signed

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Copyright 1984, 1991 Bankers Systems, Inc., St. Cloud, MN Form UNS-LAZ 1/31/96

                                                                  (page 6 of 10)
<PAGE>
                          ADDITIONAL TERMS OF THE NOTE

DEFINITIONS - As used on pages 1 and 2, "[X]" means the terms that apply to this
loan. "I," "me" or "my" means each Borrower who signs this note and each other
person or legal entity (including guarantors, endorsers, and sureties) who
agrees to pay this note (together referred to as "us"). "You" or "your" means
the Lender and its successors and assigns.

APPLICABLE LAW - The law of the state in which you are located will govern this
agreement. Any term of this agreement which is contrary to applicable law will
not be effective, unless the law permits you and me to agree to such a
variation. If any provision of this agreement cannot be enforced according to
its terms, this fact will not affect the enforceability of the remainder of this
agreement. No modification of this agreement may be made without your express
written consent. Time is of the essence in this agreement.

PAYMENTS - Each payment I make on this note will first reduce the amount I owe
you for charges which are neither interest nor principal. The remainder of each
payment will then reduce accrued unpaid interest, and then unpaid principal. If
you and I agree to a different application of payments, we will describe our
agreement on this note. I may prepay a part of, or the entire balance of this
loan without penalty, unless we specify to the contrary on this note. Any
partial prepayment will not excuse or reduce any later scheduled payment until
this note is paid in full (unless, when I make the prepayment, you and I agree
in writing to the contrary).

INTEREST - Interest accrues on the principal remaining unpaid from time to time,
until paid in full. If I receive the principal in more than one advance, each
advance will start to earn interest only when I receive the advance. The
interest rate in effect on this note at any given time will apply to the entire
principal sum outstanding at that time. Notwithstanding anything to the
contrary, I do not agree to pay and you do not intend to charge any rate of
interest that is higher than the maximum rate of interest you could charge under
applicable law for the extension of credit that is agreed to in this note
(either before or after maturity). If any notice of interest accrual is sent and
is in error, we mutually agree to correct it, and if you actually collect more
interest than allowed by law and this agreement, you agree to refund it to me.

INDEX RATE - The index will serve only as a device for setting the interest rate
on this note. You do not guarantee by selecting this index, or the margin, that
the interest rate on this note will be the same rate you charge on any other
loans or class of loans you make to me or other borrowers.

POST MATURITY RATE - For purposes of deciding when the "Post Maturity Rate"
(shown on page 1) applies, the term "maturity" means the date of the last
scheduled payment indicated on page 1 of this note or the date you accelerate
payment on the note, whichever is earlier.

SINGLE ADVANCE LOANS - If this is a single advance loan, you and I expect that
you will make only one advance of principal. However, you may add other amounts
to the principal if you make any payments described in the "PAYMENTS BY LENDER"
paragraph on page 2.

MULTIPLE ADVANCE LOANS - If this is a multiple advance loan you and I expect
that you will make more than one advance of principal. If this is closed end
credit, repaying a part of the principal will not entitle me to additional
credit.

SET-OFF - I agree that you may set off any amount due and payable under this
note against any right I have to receive money from you.

    "Right to receive money from you" means:

    (1) any deposit account balance I have with you;

    (2) any money owed to me on an item presented to you or in your possession
        for collection or exchange; and

    (3) any repurchase agreement or other nondeposit obligation.

    "Any amount due and payable under this note" means the total amount of which
you are entitled to demand payment under the terms of this note at the time you
set off. This total includes any balance the due date for which you properly
accelerate under this note.

    If my right to receive money from you is also owned by someone who has not

                                                                  (page 7 of 10)
<PAGE>
agreed to pay this note, your right of set-off will apply to my interest in the
obligation and to any other amounts I could withdraw on my sole request or
endorsement. Your right of set-off does not apply to an account or other
obligation where my rights are only as a representative. It also does not apply
to any Individual Retirement Account or other tax-deferred retirement account.

    You will not be liable for the dishonor of any check when the dishonor
occurs because you set off this debt against any of my accounts. I agree to hold
you harmless from any such claims arising as a result of your exercise of your
right to set-off.

DEFAULT - I will be in default if any one or more of the following occur: (1) I
fail to make a payment on time or in the amount due; (2) I fail to keep the
Property insured, if required; (3) I fail to pay, or keep any promise, on any
debt or agreement I have with you; (4) any other creditor of mine attempts to
collect any debt I owe him through court proceedings; (5) I die, am declared
incompetent, make an assignment for the benefit of creditors, or become
insolvent (either because my liabilities exceed my assets or I am unable to pay
my debts as they become due); (6) I make any written statement or provide any
financial information that is untrue or inaccurate at the time it was provided;
(7) I do or fail to do something which causes you to believe you will have
difficulty collecting the amount I owe you; (8) any collateral securing this
note is used in a manner or for a purpose which threatens confiscation by a
legal authority; (9) I change my name or assume an additional name without first
notifying you before making such a change; (10) I fail to plant, cultivate and
harvest crops in due season; (11) any loan proceeds are used for a purpose that
will contribute to excessive erosion of highly erodible land or to the
conversion of wetlands to produce an agricultural commodity, as further
explained in 7 C.F.R. Part 1940, Subpart G, Exhibit M.

REMEDIES - If I am in default on this note you have, but are not limited to, the
following remedies:

    (1) You may demand immediate payment of all I owe you under this note
        (principal, accrued unpaid interest and other accrued unpaid charges).

    (2) You may set off this debt against any right I have to the payment of
        money from you, subject to the terms of the "SET-OFF" paragraph
        herein.

    (3) You may demand security, additional security, or additional parties to
        be obligated to pay this note as a condition for not using any other
        remedy.

    (4) You may refuse to make advances to me or allow purchases on credit by
        me.

    (5) You may use any remedy you have under state or federal law.

    (6) You may make use of any remedy given to you in any agreement securing
        this note.

    By selecting any one or more of these remedies you do not give up your right

                                                                  (page 8 of 10)
<PAGE>
to use later any other remedy. By waiving your right to declare an event to be a
default, you do not waive your right to consider later the event a default if it
continues or happens again.

COLLECTION COSTS AND ATTORNEY'S FEES - I agree to pay all costs of collection,
replevin or any other or similar type of cost if I am in default. In addition,
if you hire an attorney to collect this note, I also agree to pay any fee you
incur with such attorney plus court costs (except where prohibited by law). To
the extent permitted by the United States Bankruptcy Code, I also agree to pay
the reasonable attorney's fees and costs you incur to collect this debt as
awarded by any court exercising jurisdiction under the Bankruptcy Code.

WAIVER - I give up my rights to require you to do certain things. I will not
require you to:

    (1) demand payment of amounts due (presentment);

    (2) obtain official certification of nonpayment (protest); or

    (3) give notice that amounts due have not been paid (notice of dishonor).

    I waive any defenses I have based on suretyship or impairment of collateral.

OBLIGATIONS INDEPENDENT - I understand that I must pay this note even if someone
else has also agreed to pay it (by, for example, signing this form or a separate
guarantee or endorsement). You may sue me alone, or anyone else who is obligated
on this note, or any number of us together, to collect this note. You may
without notice release any party to this agreement without releasing any other
party. If you give up any of your rights, with or without notice, it will not
affect my duty to pay this note. Any extension of new credit to any of us, or
renewal of this note by all or less than all of us will not release me from my
duty to pay it. (Of course, you are entitled to only one payment in full.) I
agree that you may at your option extend this note or the debt represented by
this note, or any portion of the note or debt, from time to time without limit
or notice and for any term without affecting my liability for payment of the
note. I will not assign my obligation under this agreement without your prior
written approval.

CREDIT INFORMATION I agree and authorize you to obtain credit information about
me from time to time (for example, by requesting a credit report) and to report
to others your credit experience with me (such as a credit reporting agency). I
agree to provide you, upon request, any financial statement or information you
may deem necessary. I warrant that the financial statements and information I
provide to you are or will be accurate, correct and complete.

                                                                  (page 9 of 10)
<PAGE>
SIGNATURES: I AGREE TO THE TERMS OF THIS NOTE (INCLUDING THOSE ON PAGES 1 AND
2). I have received a copy on today's date.

    AQUAPRO CORPORATION

By: /s/ GEORGE S HASTINGS       PRESIDENT
    -----------------------------------------     ------------------------------
       GEORGE S HASTINGS

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

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

SIGNATURE FOR LENDER:
                      ----------------------------------------------------------

Copyright 1984, 1991 Bankers Systems, Inc., St. Cloud, MN Form UNS-LAZ 1/31/96

                                                                 (page 10 of 10)
<PAGE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
<S>                                           <C>                                           <C>
AQUAPRO CORPORATION                                   COMMUNITY BANK,                       Loan Number 4256087
1100 HIGHWAY 3                                        INDIANOLA, MISSISSIPPI                Date 4/26/99
SUNFLOWER MS  38778                                   147 HWY 82E                           Maturity Date 3/15/00
                                                      INDIANOLA, MS  38751                  Loan Amount $400,000.00
Renewal Of
           ------------

     BORROWER'S NAME AND ADDRESS                   LENDER'S NAME AND ADDRESS                   JJR/GSC
"I" includes each borrower above, jointly     "You" means the lender, its successors
and severally.                                 and assigns.
--------------------------------------------------------------------------------------------------------------------
</TABLE>

For value received, I promise to pay to you, or your order, at your address
listed above the PRINCIPAL sum of FOUR HUNDRED THOUSAND AND NO/100 Dollars
$400,000.00

[ ] SINGLE ADVANCE: I will receive all of this principal sum on
____________.
    No additional advances are contemplated under this note.

[X] MULTIPLE ADVANCE: The principal sum shown above is the maximum amount of
    principal I can borrow under this note. On 4/26/99 I will receive the amount
    of $__________ and future principal advances are contemplated.

CONDITIONS: The conditions for future advances are UPON CUSTOMER'S REQUEST AND
AT BANK'S DISCRETION

    [ ] OPEN END CREDIT: You and I agree that I may borrow up to the maximum
        principal sum more than one time. This feature is subject to all other
        conditions and expires on ___________.

    [X] CLOSED END CREDIT: You and I agree that I may borrow (subject to all
        other conditions) up to the maximum principal sum only one time.

INTEREST: I agree to pay interest on the outstanding principal balance from
        4/26/99 at the rate of 9.600% per year until INDEX RATE CHANGES.

[X] VARIABLE RATE: This rate may then change as stated below.

    [X] INDEX RATE: The future rate will be 1.650% ABOVE the following index
        rate: NEW YORK CONSENSUS PRIME RATE AS PUBLISHED IN THE WALL STREET
        JOURNAL

    [ ] NO INDEX: The future rate will not be subject to any internal or
        external index. It will be entirely in your control.

    [X] FREQUENCY AND TIMING: The rate on this note may change as often as
        DAILY.

          A Change in the interest rate will take effect DAILY.

    [ ] LIMITATIONS: During the term of this loan, the applicable annual
        interest rate will not be more than ______% or less than ________%. The
        rate may not change more than _______% each _________________.

    EFFECT OF VARIABLE RATE: A change in the interest rate will have the
          following effect on the payments:

    [ ] The amount of each scheduled payment will change.

    [X] The amount of the final payment will change.

    [ ] ______________________________________________________________________.

ACCRUAL METHOD: Interest will be calculated on a ACTUAL/365 basis.

POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note
    owing after maturity, and until paid in full, as stated below:

    [X] on the same fixed or variable rate basis in effect before maturity (as
        indicated above).

    [ ] at a rate equal to _________________________________________________.

[X] LATE CHARGE: If a payment is made more than 15 days after it is due, I agree
    pay a late charge of 4% OF THE PAYMENT OR $5.00 WHICHEVER IS GREATER WITH A
    MAX. OF $50.00.

[ ] ADDITIONAL CHARGES: In addition to interest, I agree to pay the following
    charges which [ ] are [X] are not included in the principal amount above:
    FILING FEE_________ ATTORNEY FEE_______ APPRAISAL FEE__________.

PAYMENTS: I agree to pay this note as follows: DOCUMENTATION
  ORIGINATION $4,000.00

[X] INTEREST: I agree to pay accrued interest WITH THE PRINCIPAL

[X] PRINCIPAL: I agree to pay the principal AT MATURITY

[ ] INSTALLMENTS: I agree to pay this note in _______ payments. The first
    payment will be in the amount of $___________________ and will be
    due ________. A payment of $_________ will be due ________________
    thereafter. The final payment of the entire unpaid balance of principal
    and interest will be due __________.

PURPOSE: The purpose of this loan is 1999 PRODUCTION LOAN.

ADDITIONAL TERMS:

I/WE DO HEREBY AGREE THAT THIS NOTE IS FURTHER SECURED BY A D/T DATED 04/26/99
AND S/A DATED 04/26/99 AND F/S DATED 04/26/99.

I AGREE TO PAY A MINIMUM INTEREST CHARGE OF $10.00 IF I PAY THIS LOAN OFF BEFORE
YOU HAVE EARNED THAT MUCH INTEREST.

--------------------------------------------------------------------------------
UNIVERSAL NOTE AND SECURITY AGREEMENT                             (page 1 of 10)

Copyright 1984, 1991 Bankers Systems, Inc.,                        GH
St. Cloud, MN Form UNS-LAZ 1/31/96                                    ----------
<PAGE>
                                    SECURITY

SECURITY INTEREST: I give you a security interest in all of the Property
described below that I now own and that I may own in the future (including, but
not limited to, all parts, accessories, repairs, improvements, and accessions to
the Property), wherever the Property is or may be located, and all proceeds and
products from the Property.

[X] INVENTORY: All inventory which I hold for ultimate sale or lease, or which
    has been or will be supplied under contracts of service, or which are raw
    materials, work in process, or materials used or consumed in my business.

[X] EQUIPMENT: All equipment including, but not limited to, all machinery,
    vehicles, furniture, fixtures, manufacturing equipment, farm machinery and
    equipment, shop equipment, office and recordkeeping equipment, and parts and
    tools. All equipment described in a list or schedule which I give to you
    will also be included in the secured property, but such a list is not
    necessary for a valid security interest in my equipment.

[X] FARM PRODUCTS: All farm products including, but not limited to:

    (a) all poultry and livestock and their young, along with their products,
    produce and replacements;

    (b) all crops, annual or perennial, and all products of the crops; and

    (c) all feed, seed, fertilizer, medicines, and other supplies used or
    produced in my farming operations.

[X] ACCOUNTS, INSTRUMENTS, DOCUMENTS, CHATTEL PAPER AND OTHER RIGHTS TO PAYMENT:

    All rights I have now and that I may have in the future to the payment of
    money including, but not limited to:

    (a) payment for goods and other property sold or leased or for services
    rendered, whether or not I have earned such payment by performance; and

    (b) rights to payment arising out of all present and future debt
    instruments, chattel paper and loans and obligations receivable.

    The above include any rights and interests (including all liens and security
    interests) which I may have by law or agreement against any account debtor

                                                                  (page 2 of 10)
<PAGE>
    or obligor of mine.

[X] GENERAL INTANGIBLES: All general intangibles including, but not limited to,
    tax refunds, applications for patents, patents, copyrights, trademarks,
    trade secrets, good will, trade names, customer lists, permits and
    franchises, and the right to use my name.

[ ] GOVERNMENT PAYMENTS AND PROGRAMS: All payments, accounts, general
    intangibles, or other benefits (including, but not limited to, payments in
    kind, deficiency payments, letters of entitlement, warehouse receipts,
    storage payments, emergency assistance payments, diversion payments, and
    conservation reserve payments) in which I now have and in the future may
    have any rights or interest and which arise under or as a result of any
    preexisting, current or future Federal or state governmental program
    (including, but not limited to, all programs administered by the Commodity
    Credit Corporation and the ASCS).

[X] THE SECURED PROPERTY INCLUDES, BUT IS NOT LIMITED BY, THE FOLLOWING:

    COLLATERAL ALREADY OWNED BY DEBTOR AS FOLLOWS: 1ST D/T DATED 4/26/99 COV 278
    ACRES LOC IN LEFLORE CO. AND 275 ACRES LOC IN SUNFLOWER CO; 2ND D/T DATED
    4/26/99 COV 647 ACRES LOC IN BOLIVAR CO. ASSN 448 SHARES OF FISHCO INC STOCK
    CERT #556 & 1968 SHARES OF DELTA PRIDE CATFISH INC STOCK CERT #1282, 1224,
    1223, 1225, 1222, 1216 & 1283 ALL IN THE NAME OF AQUAPRO CORP. BLANKET LIEN
    COV ALL MISC EQUIPMT NOT LIMITED TO AND INCLUDING ALL FUTURE PURCHASES AND
    REPLACEMENTS THEREOF.

    ALL CATFISH INVENTORY NOT LIMITED TO AND INCLUDING STOCKERS, FINGERLINGS &
    FOOD FISH, LIFE INS. POLICY ISSUED BY VALLEY FORGE LIFE INS CO. POLICY
    #V1FB022778 IN THE NAME GEORGE S. HASTINGS IN THE AMOUNT OF $1,000,000. LIFE
    INS POLICY ISSUED BY 1ST COLONY LIFE IN THE NAME OF RANDLE WILLOUGHBY IN THE
    AMOUNT OF $1,000,000 ASSN OF FISHCO REBATES.

If this agreement covers timber to be cut, minerals (including oil and gas),
fixtures or crops growing or to be grown, the description of the real estate is:

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

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

--------------------------------------------------------------------------------
[ ] If checked, file this agreement on the real estate records. Record owner
(if
    not me)

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

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

                                                                  (page 3 of 10)
<PAGE>
The Property will be used for a [ ] personal [ ] business [X] agricultural

[ ]                                  purpose.
   ---------------------------------

                   ADDITIONAL TERMS OF THE SECURITY AGREEMENT

GENERALLY - This agreement secures this note and any other debt I have with you,
now or later. However, it will not secure other debts if you fail with respect
to such other debts, to make any required disclosure about this security
agreement or if you fail to give any required notice of the right of rescission.
If property described in this agreement is located in another state, this
agreement may also, in some circumstances, be governed by the law of the state
in which the Property is located.

OWNERSHIP AND DUTIES TOWARD PROPERTY - I represent that I own all of the
Property, or to the extent this is a purchase money security interest I will
acquire ownership of the Property with the proceeds of the loan. I will defend
it against any other claim. Your claim to the Property is ahead of the claims of
any other creditor. I agree to do whatever you require to protect your security
interest and to keep your claim in the Property ahead of the claims of other
creditors. I will not do anything to harm your position.

   I will keep books, records and accounts about the Property and my business in
general. I will let you examine these records at any reasonable time. I will
prepare any report or accounting you request, which deals with the Property.

   I will keep the Property in my possession and will keep it in good repair and
use it only for the purpose(s) described on page 1 of this agreement. I will not
change this specified use without your express written permission. I represent
that I am the original owner of the Property and, if I am not, that I have
provided you with a list of prior owners of the Property.

   I will keep the Property at my address listed on page 1 of this agreement,
unless we agree I may keep it at another location. If the Property is to be used
in another state, I will give you a list of those states. I will not try to sell
the Property unless it is inventory or I receive your written permission to do
so. If I sell the Property I will have the payment made payable to the order of
you and me.

   You may demand immediate payment of the debt(s) if the debtor is not a
natural person and without your prior written consent; (1) a beneficial interest
in the debtor is sold or transferred, or (2) there is a change in either the
identity or number of members of a partnership, or (3) there is a change in
ownership of more than 25 percent of the voting stock of a corporation.

   I will pay all taxes and charges on the Property as they become due. You have

                                                                  (page 4 of 10)
<PAGE>
the right of reasonable access in order to inspect the Property. I will
immediately inform you of any loss or damage to the Property.

   If I fail to perform any of my duties under this security agreement, or any
mortgage, deed of trust, lien or other security interest, you may without notice
to me perform the duties or cause them to be performed. Your right to perform
for me shall not create an obligation to perform and your failure to perform
will not preclude you from exercising any of your other rights under the law or
this security agreement.

PURCHASE MONEY SECURITY INTEREST - For the sole purpose of determining the
extent of a purchase money security interest arising under this security
agreement: (a) payments on any nonpurchase money loan also secured by this
agreement will not be deemed to apply to the Purchase Money Loan, and (b)
payments on the Purchase Money Loan will be deemed to apply first to the
nonpurchase money portion of the loan, if any, and then to the purchase money
obligations in the order which the items of collateral were acquired or if
acquired at the same time, in the order selected by you. No security interest
will be terminated by application of this formula. "Purchase Money Loan" means
any loan the proceeds of which, in whole or in part, are used to acquire any
collateral securing the loan and all extensions, renewals, consolidations and
refinancing of such loan.

PAYMENTS BY LENDER - You are authorized to pay, on my behalf, charges I am or
may become obligated to pay to preserve or protect the secured property (such as
property insurance premiums). You may treat those payments as advances and add
them to the unpaid principal under the note secured by this agreement or you may
demand immediate payment of the amount advanced.

INSURANCE - I agree to buy insurance on the Property against the risks and for
the amounts you require and to furnish you continuing proof of coverage. I will
have the insurance company name you as loss payee on any such policy. You may
require added security if you agree that insurance proceeds may be used to
repair or replace the Property. I will buy insurance from a firm licensed to do
business in the state where you are located. The firm will be reasonably
acceptable to you. The insurance will last until the Property is released from
this agreement. If I fail to buy or maintain the insurance (or fail to name you
as loss payee) you may purchase it yourself.

WARRANTIES AND REPRESENTATIONS - If this agreement includes accounts, I will not
settle any account for less than its full value without your written permission.
I will collect all accounts until you tell me otherwise. I will keep the
proceeds from all the accounts and any goods which are returned to me or which I
take back in trust for you. I will not mix them with any other property of mine.
I will deliver them to you at your request. If you ask me to pay you the full
price on any returned items or items retaken by myself, I will do so.

   If this agreement covers inventory, I will not dispose of it except in my
ordinary course of business at the fair market value for the Property, or at a
minimum price established between you and me.

                                                                  (page 5 of 10)
<PAGE>
   If this agreement covers farm products I will provide you at your request, a
written list of the buyers, commission merchants or selling agents to or through
whom I may sell my farm products. In addition to those parties named on this
written list, I authorize you to notify at your sole discretion any additional
parties regarding your security interest in my farm products. I remain subject
to all applicable penalties for selling my farm products in violation of my
agreement with you and the Food Security Act. In this paragraph the terms farm
products, buyers, commission merchants and selling agents have the meanings
given to them in the Federal Food Security Act of 1985.

REMEDIES - I will be in default on this security agreement if I am in default on
any note this agreement secures or if I fail to keep any promise contained in
the terms of this agreement. If I default, you have all of the rights and
remedies provided in the note and under the Uniform Commercial Code. You may
require me to make the secured property available to you at a place which is
reasonably convenient. You may take possession of the secured property and sell
it as provided by law. The proceeds will be applied first to your expenses and
then to the debt. I agree that 10 days written notice sent to my last known
address by first class mail will be reasonable notice under the Uniform
Commercial Code. My current address is on page 1. I agree to inform you in
writing of any change of my address.

FILING - A carbon, photographic or other reproduction of this security agreement
or the financing statement covering the Property described in this agreement may
be used as a financing statement where allowed by law. Where permitted by law,
you may file a financing statement which does not contain my signature, covering
the Property secured by this agreement.

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

Any person who signs within this box does so to give you a security interest in
the Property described on this page. This person does not promise to pay the
note. "I" as used in this security agreement will include the borrower and any
person who signs within this box.

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

Signed

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

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

Copyright 1984, 1991 Bankers Systems, Inc., St. Cloud, MN Form UNS-LAZ 1/31/96

                                                                  (page 6 of 10)
<PAGE>
                          ADDITIONAL TERMS OF THE NOTE

DEFINITIONS - As used on pages 1 and 2, "[X]" means the terms that apply to this
loan. "I," "me" or "my" means each Borrower who signs this note and each other
person or legal entity (including guarantors, endorsers, and sureties) who
agrees to pay this note (together referred to as "us"). "You" or "your" means
the Lender and its successors and assigns.

APPLICABLE LAW - The law of the state in which you are located will govern this
agreement. Any term of this agreement which is contrary to applicable law will
not be effective, unless the law permits you and me to agree to such a
variation. If any provision of this agreement cannot be enforced according to
its terms, this fact will not affect the enforceability of the remainder of this
agreement. No modification of this agreement may be made without your express
written consent. Time is of the essence in this agreement.

PAYMENTS - Each payment I make on this note will first reduce the amount I owe
you for charges which are neither interest nor principal. The remainder of each
payment will then reduce accrued unpaid interest, and then unpaid principal. If
you and I agree to a different application of payments, we will describe our
agreement on this note. I may prepay a part of, or the entire balance of this
loan without penalty, unless we specify to the contrary on this note. Any
partial prepayment will not excuse or reduce any later scheduled payment until
this note is paid in full (unless, when I make the prepayment, you and I agree
in writing to the contrary).

INTEREST - Interest accrues on the principal remaining unpaid from time to time,
until paid in full. If I receive the principal in more than one advance, each
advance will start to earn interest only when I receive the advance. The
interest rate in effect on this note at any given time will apply to the entire
principal sum outstanding at that time. Notwithstanding anything to the
contrary, I do not agree to pay and you do not intend to charge any rate of
interest that is higher than the maximum rate of interest you could charge under
applicable law for the extension of credit that is agreed to in this note
(either before or after maturity). If any notice of interest accrual is sent and
is in error, we mutually agree to correct it, and if you actually collect more
interest than allowed by law and this agreement, you agree to refund it to me.

INDEX RATE - The index will serve only as a device for setting the interest rate
on this note. You do not guarantee by selecting this index, or the margin, that
the interest rate on this note will be the same rate you charge on any other
loans or class of loans you make to me or other borrowers.

POST MATURITY RATE - For purposes of deciding when the "Post Maturity Rate"
(shown on page 1) applies, the term "maturity" means the date of the last
scheduled payment indicated on page 1 of this note or the date you accelerate
payment on the note, whichever is earlier.

                                                                  (page 7 of 10)
<PAGE>
SINGLE ADVANCE LOANS - If this is a single advance loan, you and I expect that
you will make only one advance of principal. However, you may add other amounts
to the principal if you make any payments described in the "PAYMENTS BY LENDER"
paragraph on page 2.

MULTIPLE ADVANCE LOANS - If this is a multiple advance loan you and I expect
that you will make more than one advance of principal. If this is closed end
credit, repaying a part of the principal will not entitle me to additional
credit.

SET-OFF - I agree that you may set off any amount due and payable under this
note against any right I have to receive money from you.

    "Right to receive money from you" means:

    (1) any deposit account balance I have with you;

    (2) any money owed to me on an item presented to you or in your possession
        for collection or exchange; and

    (3) any repurchase agreement or other nondeposit obligation.

    "Any amount due and payable under this note" means the total amount of which
you are entitled to demand payment under the terms of this note at the time you
set off. This total includes any balance the due date for which you properly
accelerate under this note.

    If my right to receive money from you is also owned by someone who has not
agreed to pay this note, your right of set-off will apply to my interest in the
obligation and to any other amounts I could withdraw on my sole request or
endorsement. Your right of set-off does not apply to an account or other
obligation where my rights are only as a representative. It also does not apply
to any Individual Retirement Account or other tax-deferred retirement account.

    You will not be liable for the dishonor of any check when the dishonor
occurs because you set off this debt against any of my accounts. I agree to hold
you harmless from any such claims arising as a result of your exercise of your
right to set-off.

DEFAULT - I will be in default if any one or more of the following occur: (1) 1
fail to make a payment on time or in the amount due; (2) I fail to keep the
Property insured, if required; (3) I fail to pay, or keep any promise, on any
debt or agreement I have with you; (4) any other creditor of mine attempts to
collect any debt I owe him through court proceedings; (5) I die, am declared
incompetent, make an assignment for the benefit of creditors, or become
insolvent (either because my liabilities exceed my assets or I am unable to pay
my debts as they become due); (6) I make any written statement or provide any
financial information that is untrue or inaccurate at the time it was provided;
(7) I do or fail to do something which causes you to believe you will have
difficulty collecting the amount I owe you; (8) any collateral securing this
note is used in a manner or for a purpose which threatens confiscation by a
legal authority; (9) I change my name or assume an additional name without first
notifying you before making such a change; (10) I fail to plant, cultivate and

                                                                  (page 8 of 10)
<PAGE>
harvest crops in due season; (11) any loan proceeds are used for a purpose that
will contribute to excessive erosion of highly erodible land or to the
conversion of wetlands to produce an agricultural commodity, as further
explained in 7 C.F.R. Part 1940, Subpart G, Exhibit M.

REMEDIES - If I am in default on this note you have, but are not limited to, the
following remedies:

    (1) You may demand immediate payment of all I owe you under this note
        (principal, accrued unpaid interest and other accrued unpaid charges).

    (2) You may set off this debt against any right I have to the payment of
        money from you, subject to the terms of the "SET-OFF" paragraph
        herein.

    (3) You may demand security, additional security, or additional parties to
        be obligated to pay this note as a condition for not using any other
        remedy.

    (4) You may refuse to make advances to me or allow purchases on credit by
        me.

    (5) You may use any remedy you have under state or federal law.

    (6) You may make use of any remedy given to you in any agreement securing
        this note.

    By selecting any one or more of these remedies you do not give up your right
to use later any other remedy. By waiving your right to declare an event to be a
default, you do not waive your right to consider later the event a default if it
continues or happens again.

COLLECTION COSTS AND ATTORNEY'S FEES - I agree to pay all costs of collection,
replevin or any other or similar type of cost if I am in default. In addition,
if you hire an attorney to collect this note, I also agree to pay any fee you
incur with such attorney plus court costs (except where prohibited by law). To
the extent permitted by the United States Bankruptcy Code, I also agree to pay
the reasonable attorney's fees and costs you incur to collect this debt as
awarded by any court exercising jurisdiction under the Bankruptcy Code.

WAIVER - I give up my rights to require you to do certain things. I will not
require you to:

    (1) demand payment of amounts due (presentment);

    (2) obtain official certification of nonpayment (protest); or

    (3) give notice that amounts due have not been paid (notice of dishonor).

    I waive any defenses I have based on suretyship or impairment of collateral.

OBLIGATIONS INDEPENDENT - I understand that I must pay this note even if someone

                                                                  (page 9 of 10)
<PAGE>
else has also agreed to pay it (by, for example, signing this form or a separate
guarantee or endorsement). You may sue me alone, or anyone else who is obligated
on this note, or any number of us together, to collect this note. You may
without notice release any party to this agreement without releasing any other
party. If you give up any of your rights, with or without notice, it will not
affect my duty to pay this note. Any extension of new credit to any of us, or
renewal of this note by all or less than all of us will not release me from my
duty to pay it. (Of course, you are entitled to only one payment in full.) I
agree that you may at your option extend this note or the debt represented by
this note, or any portion of the note or debt, from time to time without limit
or notice and for any term without affecting my liability for payment of the
note. I will not assign my obligation under this agreement without your prior
written approval.

CREDIT INFORMATION I agree and authorize you to obtain credit information about
me from time to time (for example, by requesting a credit report) and to report
to others your credit experience with me (such as a credit reporting agency). I
agree to provide you, upon request, any financial statement or information you
may deem necessary. I warrant that the financial statements and information I
provide to you are or will be accurate, correct and complete.

SIGNATURES: I AGREE TO THE TERMS OF THIS NOTE (INCLUDING THOSE ON PAGES 1 AND
2). I have received a copy on today's date.

    AQUAPRO CORPORATION

By: /s/ GEORGE S HASTINGS       PRESIDENT
    -----------------------------------------     ------------------------------
       GEORGE S HASTINGS

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

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

SIGNATURE FOR LENDER:
                      ----------------------------------------------------------

Copyright 1984, 1991 Bankers Systems, Inc., St. Cloud, MN Form UNS-LAZ 1/31/96

                                                                 (page 10 of 10)<PAGE>
                                                                   EXHIBIT 10.16

                        [COMMUNITY BANK INDIANOLA LOGO]

AUGUST 29, 2001

George S. Hastings
President
AquaPro Corporation
1100 Highway 3
Sunflower, MS 38778

Dear George,

Community Bank, Indianola is pleased to commit to Aquapro Corporation two
revolving lines of credit. The first is in the amount of $1,550,563.00 for the
purpose of financing catfish feed purchased from Delta Western. The second is in
the amount of $990,787.50 to be used for catfish production. This commitment is
contingent on the following terms and conditions:

         1)       The notes will be established as a revolving line of credit
for the specific and expressed purposes of financing catfish feed purchased
from Delta Western to be used to feed Aquapro Corporation and for catfish
production from the $1,550,563.00 feed line.

         2)       It is understood between Aquapro Corporation, hereinafter
referred to as borrower, and Community Bank, Indianola, hereinafter referred to
as lender, that borrower may not enter into any other catfish operations
involving the production and sale of catfish without prior written consent of
the lender. It is further understood that borrower may not pledge any assets
described in the security agreement between borrower and lender without prior
written consent of the lender.

         3)       The security on the loan will be a perfected first lien
position on all FishCo stock owned. Minimum number of shares pledged will be 448
shares of FishCo. A first lien position on inventory including fingerlings, food
fish, stockers and accounts receivable will also be granted by Aquapro. A first
lien position will also be taken on approximately 553 acres of land located in
Sunflower County and Leflore County known as Circle Creek and Panther Run and a
second lien on 647 acres of land located in Bolivar County. An assignment of
$1,000,000 of life insurance taken on George Hastings.
<PAGE>

         4)       The interest rate charged on both loans will be a fixed rate
of 9.65%.

         5)       Both lines of credit will mature on October 15, 2001.

         6)       An operating deposit account will be maintained at Community
Bank, Indianola by Aquapro. All proceeds from pledged inventory sales and
account receivable collection will be deposited into the account and 50% will be
applied to the feed line and 50% will be applied to the production line, first
to interest and secondly to principal. The maturity date of October 15, 2001
will be considered a review date at which time all financial statements,
accounts receivable, accounts payable and fish inventory will be reviewed. At
that time, the Bank anticipates a renewal on 30 day increments with the
following target dates and feed line and production line paydowns to occur.

<TABLE>
<CAPTION>
                                             FEED LINE      PRODUCTION LINE
                                             ---------      ----------------
                  <S>                        <C>            <C>
                  November 15, 2001          $1,240,000         $792,000
                  December 15, 2001          $  929,500         $594,000
                  January 15, 2002           $  619,000         $396,000
                  February 15, 2002          $  308,500         $198,000
                  March 01, 2002                 -0-               -0-
</TABLE>

Noncompliance with the above dates will result in the borrower being required to
obtain other outside funding to be applied to the LOC until the stated
compliance is achieved. In the event that either line of credit is in compliance
and the opposite line of credit, not being in compliance, 100% of proceeds of
all sales or accounts receivable, whether being catfish sales or rebates, will
be used to pay down the non-compliant line of credit to the targeted amounts
listed above. Non compliance with the above terms will constitute a default on
both lines of credit and the loans will be due and payable at that time.

         7)       By acceptance of this commitment letter, the borrower agrees
to comply with all terms and conditions herein.

         8)       The personal guarantee of George S. Hastings on the line of
credit is required.

         9)       Monthly financial statements will be required to be submitted
to Community Bank, Indianola by the borrower within three weeks after the close
of the accounting period. In addition, borrower is required to submit weekly
sales reports listing both the processor sold to and the amount of pounds of
fish sold to each processing plant.

        10)       As of today's date, there are outstanding taxes due for 2000
on certain parcels of the real estate taken as collateral by Community Bank.
These taxes must be paid in full and the receipt delivered to the bank as soon
as the correct amount has been determined.

<PAGE>

Community Bank, Indianola appreciates the opportunity to provide Aquapro
Corporation with this credit facility and I am looking forward to working with
you during this exciting time.

Sincerely,

COMMUNITY BANK
/s/ JOSEPH J. RICOTTA

JOSEPH J. RICOTTA
President/CEO

Acceptance

         Intending to be legally bound, the undersigned hereby accepts the
foregoing loan commitment.

         Executed this  29th  day of August, 2001.
                      --------

/s/ GEORGE S. HASTINGS
----------------------
GEORGE S. HASTINGS
President
Aquapro Corporation
<PAGE>

<Table>
<S>                         <C>                       <C>
--------------------------------------------------------------------------------
|AQUAPRO CORPORATION      | COMMUNITY BANK,         |                          |
|1100 HIGHWAY 3           | INDIANOLA, MISSISSIPPI  | Loan Number 4295200      |
|SUNFLOWER MS 38778       | 147 HWY 82E             |             -----------  |
|                         | INDIANOLA, MS 38751     | Date 8/29/01             |
|                         |                         |      ------------------  |
|                         |                         | Maturity Date 10/15/01   |
|                         |                         |               ---------  |
|                         |                         | Loan Amount $990,787.50  |
|                         |         LENDER'S        |             -----------  |
|       BORROWER'S        |     NAME AND ADDRESS    | Renewal of 4288544       |
|    NAME AND ADDRESS     | "You" means the lender, |           -------------  |
|   "I" includes each     |     its successors      |         JJR/LAV          |
|     borrower above,     |       and assigns.      |                          |
| jointly and severally.  |                         |                          |
--------------------------------------------------------------------------------
</Table>

For value received, I promise to pay to you, or your order, at your address
listed above the PRINCIPAL sum of NINE HUNDRED NINETY THOUSAND SEVEN HUNDRED
EIGHTY-SEVEN AND 50/100 Dollars $990,787.50

[ ] SINGLE ADVANCE: I will receive all of this principal sum on _______________.
    No additional advances are contemplated under this note.

[X] MULTIPLE ADVANCE: The principal sum shown above is the maximum amount of
    principal I can borrow under this note. On 8/29/01 I will receive the amount
    of $ _____________________ and future principal advances are contemplated.

      Conditions: The conditions for future advances are UPON CUSTOMER REQUEST
AND AT BANK'S DISCRETION

      [X] OPEN END CREDIT: You and I agree that I may borrow up to the maximum
principal sum more than one time. This feature is subject to all other
conditions and expires on 10/15/01.

      [ ] CLOSED END CREDIT: You and I agree that I may borrow (subject to all
other conditions) up to the maximum principal sum only one time.

INTEREST: I agree to pay interest on the outstanding principal balance from
8/29/01 at the rate of 7.650% per year until 10/15/01.

[ ] VARIABLE RATE: This rate may then change as stated below.

       [ ] INDEX RATE: The future rate will be 1.650% ABOVE the following
index rate: NEW YORK CONSENSUS PRIME RATE AS PUBLISHED IN THE WALL STREET
JOURNAL

       [ ] NO INDEX: The future rate will not be subject to any internal or
           external index. It will be entirely in your control.

       [ ] FREQUENCY AND TIMING: The rate on this note may change as often as
           DAILY. A change in the interest rate will take effect   DAILY.

       [ ] LIMITATIONS: During the term of this loan, the applicable annual
           interest rate will not be more than ______________% or less
           than _____________%. The rate may not change more
           than _____________% each _____________.

       EFFECT OF VARIABLE RATE: A change in the interest rate will have the
following effect on the payments:

       [ ] The amount of each scheduled payment will change.
       [ ] The amount of the final payment will change.

       [ ] ____________________________________________________________________
ACCRUAL METHOD: Interest will be calculated on a ACTUAL/365 basis.

POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note
owing after maturity, and until paid in full, as stated below:

       [X] on the same fixed or variable rate basis in effect before maturity
           (as indicated above).

       [ ] at a rate equal to ________________________________________________.

[X] LATE CHARGE: If a payment is made more than 15 days after it is due, I agree
to pay a late charge of 4% OF THE PAYMENT OR $5.00 WHICHEVER IS GREATER WITH A
MAX. OF $50.00.

[X] ADDITIONAL CHARGES: In addition to interest, I agree to pay the following
charges which [X] are [ ] are not included in the principal amount above:
FILING FEE 112.50           ATTORNEY FEE                 APPRAISAL FEE

PAYMENTS: I agree to pay this note as follows: DOCUMENTATION 50.00

[X] INTEREST: I agree to pay accrued interest WITH THE PRINCIPAL

[X] PRINCIPAL: I agree to pay the principal AT MATURITY

[ ] INSTALLMENTS: I agree to pay this note in _______ payments. The first
payment will be in the amount of $_______________________________ and will
be due_________________________________. A payment of $ ________________ will be
due_________________________________ thereafter. The final payment of the entire
unpaid balance of principal and interest will be due _________________________.

PURPOSE: The purpose of this loan is 2001 PRODUCTION LINE OF CREDIT.

ADDITIONAL TERMS:

       I/WE DO HEREBY AGREE THAT THIS LOAN IS FURTHER SECURED BY D/T COVERING
       PROPERTY LOCATED IN SUNFLOWER, BOLIVAR AND LEFLORE COUNTIES; ASSN OF
       FISHCO INC STOCK, BLANKET LIEN ON ALL MISC EQUIPMENT, ASSN OF KEY MAN
       LIFE INSURANCE POLICY ON GEORGE S HASTINGS, JR AND AN ASSN OF ALL
       CATFISH/FISH INVENTORY INCLUDING ALL FOOD FISH, STOCKERS AND FINGERLINGS

       SECURITY AGREEMENTS DATED 4/19/01 AND UCC'S FILED IN BOLIVAR COUNTY I
       5/8/01;LEFLORE COUNTY 5/8/01. SUNFLOWER COUNTY 5/8/01; WASHINGTON 5/8/01
       SEC. OF STATE 5/8/01;
       STATE 5/8/00; S/A DATED 4/20/00 AND UCC'S FILED IN BOLIVAR COUNTY
       I, 5/3/00; LEFLORE COUNTY 5/3/00, SUNFLOWER COUNTY 5/2/00,
       SEC. OF STATE 5/3/00

I AGREE TO PAY A MINIMUM INTEREST CHARGE OF $10.00 IF I PAY THIS LOAN OFF BEFORE
YOU HAVE EARNED THAT MUCH INTEREST.

--------------------------------------------------------------------------------
UNIVERSAL NOTE AND SECURITY AGREEMENT                              (page 1 of 3)

<PAGE>

                                    SECURITY

SECURITY INTEREST: I give you a security interest in all of the Property
described below that I now own and that I may own in the future (including, but
not limited to, all parts, accessories, repairs, improvements, and accessions to
the Property), wherever the Property is or may be located, and all proceeds and
products from the Property.

[X] INVENTORY: All inventory which I hold for ultimate sale or lease, or which
    has been or will be supplied under contracts of service, or which are raw
    materials, work in process, or materials used or consumed in my business.

[X] EQUIPMENT: All equipment including, but not limited to, all machinery,
    vehicles, furniture, fixtures, manufacturing equipment, farm machinery and
    equipment, shop equipment, office and recordkeeping equipment, and parts
    and tools. All equipment described in a list or schedule which I give to
    you will also be included in the secured property, but such a list is not
    necessary for a valid security interest in my equipment.

[X] FARM PRODUCTS: All farm products including, but not limited to:
    (a) all poultry and livestock and their young, along with their products,
        produce and replacements;
    (b) all crops, annual or perennial, and all products of the crops; and
    (c) all feed, seed, fertilizer, medicines, and other supplies used or
        produced in my farming operations.

[X] ACCOUNTS, INSTRUMENTS, DOCUMENTS, CHATTEL PAPER AND OTHER RIGHTS TO
    PAYMENT: All rights I have now and that I may have in the future to the
    payment of money including, but not limited to:
    (a) payment for goods and other property sold or leased or for services
        rendered, whether or not I have earned such payment by performance.
        and
    (b) rights to payment arising out of all present and future debt
        instruments, chattel paper and loans and obligations receivable.
        The above include any rights and interests (including all liens and
        security interests) which I may have by law or agreement against any
        account debtor or obligor of mine.

[X] GENERAL INTANGIBLES: All general intangibles including, but not limited to,
    tax refunds, applications for patents, patents, copyrights, trademarks,
    trade secrets, good will, trade names, customer lists, permits and
    franchises, and the right to use my name.

[ ] GOVERNMENT PAYMENTS AND PROGRAMS: All payments, accounts, general
    intangibles, or other benefits (including, but not limited to, payments in
    kind, deficiency payments, letters of entitlement, warehouse receipts,
    storage payments, emergency assistance payments, diversion payments, and
    conservation reserve payments) in which I now have and in the future may
    have any rights or interest and which arise under or as a result of any
    preexisting, current or future Federal or state governmental program
    (including, but not limited to, all programs administered by the Commodity
    Credit Corporation and the ASCS).

[X] DEPOSIT ACCOUNTS: All deposit accounts including, but not limited to,
    demand, time, savings, passbook, and similar accounts.

[X] SPECIFIC PROPERTY DESCRIPTION: The property includes, but is not limited
    by, the following: Blanket lien on all misc. farm equipment together with
    all parts, accessories, attachment and replacements thereof and additions
    thereto and all other goods of the same class whether owned or hereafter
    acquired by debtor and the proceeds thereof.

If this agreement covers timber to be cut, minerals (including oil and gas),
fixtures or crops growing or to be grown, the description of the real estate is:
_______________________________________________________________________________
_______________________________________________________________________________
_______________________________________________________________________________

[ ] If checked, file this agreement on the real estate records. Record owner
(if not me) ___________________________________________________________________
_______________________________________________________________________________

The Property will be used for a   [ ] personal   [ ] business   [X] agricultural
[ ] ___________________________________________________________________ purpose.

BORROWER/OWNER        STATE OF ORGANIZATION/REGISTRATION:     TN#0192178

                   ADDITIONAL TERMS OF THE SECURITY AGREEMENT

GENERALLY - This agreement secures this note and any other debt I have with
you, now or later. However, it will not secure other debts if you fail with
respect to such other debts, to make any required disclosure about this
security agreement or if you fail to give any required notice of the right of
rescission. If property described in this agreement is located in another
state, this agreement may also, in some circumstances, be governed by the law
of the state in which the Property is located.
OWNERSHIP AND DUTIES TOWARD PROPERTY - I represent that I own all of the
Property, or to the extent this is a purchase money security interest I will
acquire ownership of the Property with the proceeds of the loan. I will defend
it against any other claim. Your claim to the Property is ahead of the claims
of any other creditor. I agree to do whatever you require to protect your
security interest and to keep your claim in the Property ahead of the claims of
other creditors. I will not do anything to harm your position.
         I will keep books, records and accounts about the Property and my
business in general. I will let you examine these records at any reasonable
time. I will prepare any report or accounting you request, which deals with the
Property.
         I will keep the Property in my possession and will keep it in good
repair and use it only for the purpose(s) described on page 1 of this
agreement. I will not change this specified use without your express written
permission. I represent that I am the original owner of the Property and, if I
am not, that I have provided you with a list of prior owners of the Property.
         I will keep the Property at my address listed on page 1 of this
agreement, unless we agree I may keep it at another location. If the Property
is to be used in another state, I will give you a list of those states. I will
not try to sell the Property unless it is inventory or I receive your written
permission to do so. If I sell the Property I will have the payment made
payable to the order of you and me.
         You may demand immediate payment of the debt(s) if the debtor is not a
natural person and without your prior written consent; (1) a beneficial
interest in the debtor is sold or transferred, or (2) there is a change in
either the identity or number of members of a partnership, or (3) there is a
change in ownership of more than 25 percent of the voting stock of a
corporation.
         I will pay all taxes and charges on the Property as they become due.
You have the right of reasonable access in order to inspect the Property. I
will immediately inform you of any loss or damage to the Property.
         If I fail to perform any of my duties under this security agreement,
or any mortgage, deed of trust, lien or other security interest, you may
without notice to me perform the duties or cause them to be performed. Your
right to perform for me shall not create an obligation to perform and your
failure to perform will not preclude you from exercising any of your other
rights under the law or this security agreement.
PURCHASE MONEY SECURITY INTEREST - For the sole purpose of determining the
extent of a purchase money security interest arising under this security
agreement: (a) payments on any nonpurchase money loan also secured by this
agreement will not be deemed to apply to the Purchase Money Loan, and (b)
payments on the Purchase Money Loan will be deemed to apply first to the
nonpurchase money portion of the loan, if any, and then to the purchase money
obligations in the order which the items of collateral were acquired or if
acquired at the same time, in the order selected by you. No security interest
will be terminated by application of this formula. "Purchase Money Loan" means
any loan the proceeds of which, in whole or in part, are used to acquire any
collateral securing the loan and all extensions, renewals, consolidations and
refinancing of such loan.
PAYMENTS BY LENDER - You are authorized to pay, on my behalf, charges I am or
may become obligated to pay to preserve or protect the secured property (such
as property insurance premiums). You may treat those payments as advances and
add them to the unpaid principal under the note secured by this agreement or
you may demand immediate payment of the amount advanced.
INSURANCE - I agree to buy insurance on the Property against the risks and for
the amounts you require and to furnish you continuing proof of coverage. I will
have the insurance company name you as loss payee on any such policy. You may
require added security if you agree that insurance proceeds may be used to
repair or replace the Property. I will buy insurance from a firm licensed to do
business in the state where you are located. The firm will be reasonably
acceptable to you. The insurance will last until the Property is released from
this agreement. If I fail to buy or maintain the insurance (or fail to name you
as loss payee) you may purchase it yourself.
WARRANTIES AND REPRESENTATIONS - If this agreement includes accounts, I will
not settle any account for less than its full value without your written
permission. I will collect all accounts until you tell me otherwise. I will
keep the proceeds from all the accounts and any goods which are returned to me
or which I take back in trust for you. I will not mix them with any other
property of mine. I will deliver them to you at your request. If you ask me to
pay you the full price on any returned items or items retaken by myself, I will
do so.
         If this agreement covers inventory, I will not dispose of it except in
my ordinary course of business at the fair market value for the Property, or at
a minimum price established between you and me.
         If this agreement covers farm products I will provide you, at your
request, a written list of the buyers, commission merchants or selling agents to
or through whom I may sell my farm products. In addition to those parties named
on this written list, I authorize you to notify at your sole discretion any
additional parties regarding your security interest in my farm products. I
remain subject to all applicable penalties for selling my farm products in
violation of my agreement with you and the Food Security Act. In this paragraph
the terms farm products, buyers, commission merchants and selling agents have
the meanings given to them in the Federal Food Security Act of 1985.
REMEDIES - I will be in default on this security agreement if I am in default on
any note this agreement secures or if I fail to keep any promise contained in
the terms of this agreement. If I default, you have all of the rights and
remedies provided in the note and under the Uniform Commercial Code. You may
require me to make the secured property available to you at a place which is
reasonably convenient. You may take possession of the secured property and sell
it as provided by law. The proceeds will be applied first to your expenses and
then to the debt. I agree that 10 days written notice sent to my last known
address by first class mail will be reasonable notice under the Uniform
Commercial Code. My current address is on page 1. I agree to inform you in
writing of any change of my address.
FILING - A carbon, photographic or other reproduction of this security
agreement or the financing statement covering the Property described in this
agreement may be used as a financing statement where allowed by law. Where
permitted by law, you may file a financing statement which does not contain my
signature, covering the Property secured by this agreement.

                                                                   (page 2 of 3)
<PAGE>
                          ADDITIONAL TERMS OF THE NOTE

DEFINITIONS - As used on pages 1 and 2, "[X]" means the terms that apply to this
loan. "I," "me" or "my" means each Borrower who signs this note and each other
person or legal entity (including guarantors, endorsers, and sureties) who
agrees to pay this note (together referred to as "us"). "You" or "your" means
the Lender and its successors and assigns.

APPLICABLE LAW - The law of the state in which you are located will govern this
agreement. Any term of this agreement which is contrary to applicable law will
not be effective, unless the law permits you and me to agree to such a
variation. If any provision of this agreement cannot be enforced according to
its terms, this fact will not affect the enforceability of the remainder of this
agreement. No modification of this agreement may be made without your express
written consent. Time is of the essence in this agreement.

PAYMENTS - Each payment I make on this note will first reduce the amount I owe
you for charges which are neither interest nor principal. The remainder of each
payment will then reduce accrued unpaid interest, and then unpaid principal. If
you and I agree to a different application of payments, we will describe our
agreement on this note. I may prepay a part of, or the entire balance of this
loan without penalty, unless we specify to the contrary on this note. Any
partial prepayment will not excuse or reduce any later scheduled payment until
this note is paid in full (unless, when I make the prepayment, you and I agree
in writing to the contrary).

INTEREST - Interest accrues on the principal remaining unpaid from time to
time, until paid in full. If I receive the principal in more than one advance,
each advance will start to earn interest only when I receive the advance. The
interest rate in effect on this note at any given time will apply to the entire
principal sum outstanding at that time. Notwithstanding anything to the
contrary, I do not agree to pay and you do not intend to charge any rate of
interest that is higher than the maximum rate of interest you could charge
under applicable law for the extension of credit that is agreed to in this note
(either before or after maturity). If any notice of interest accrual is sent
and is in error, we mutually agree to correct it, and if you actually collect
more interest than allowed by law and this agreement, you agree to refund it to
me.

INDEX RATE - The index will serve only as a device for setting the interest
rate on this note. You do not guarantee by selecting this index, or the margin,
that the interest rate on this note will be the same rate you charge on any
other loans or class of loans you make to me or other borrowers.

POST MATURITY RATE - For purposes of deciding when the "Post Maturity Rate"
(shown on page 1) applies, the term "maturity" means the date of the last
scheduled payment indicated on page 1 of this note or the date you accelerate
payment on the note, whichever is earlier.

SINGLE ADVANCE LOANS - If this is a single advance loan, you and I expect that
you will make only one advance of principal. However, you may add other amounts
to the principal if you make any payments described in the "PAYMENTS BY LENDER"
paragraph on page 2.

MULTIPLE ADVANCE LOANS - If this is a multiple advance loan, you and I expect
that you will make more than one advance of principal. If this is closed end
credit, repaying a part of the principal will not entitle me to
additional credit.

SET-OFF - I agree that you may set off any amount due and payable under this
note against any right I have to receive money from you.

         "Right to receive money from you" means:

         (1) any deposit account balance I have with you;
         (2) any money owed to me on an item presented to you or in your
             possession for collection or exchange; and
         (3) any repurchase agreement or other nondeposit obligation.

         "Any amount due and payable under this "note" means the total amount of
which you are entitled to demand payment under the terms of this note at the
time you set off. This total includes any balance the due date for which you
properly accelerate under this note.

         If my right to receive money from you is also owned by someone who has
not agreed to pay this note, your right of set-off will apply to my interest in
the obligation and to any other amounts I could withdraw on my sole request or
endorsement. Your right of set-off does not apply to an account or other
obligation where my rights are only as a representative. It also does not apply
to any Individual Retirement Account or other tax-deferred retirement account.

         You will not be liable for the dishonor of any check when the dishonor
occurs because you set off this debt against any of my accounts. I agree to hold
you harmless from any such claims arising as a result of your exercise of your
right to set-off.

DEFAULT - I will be in default if any one or more of the following occur: (1) I
fail to make a payment on time or in the amount due; (2) I fail to keep the
Property insured, if required; (3) I fail to pay, or keep any promise, on any
debt or agreement I have with you; (4) any other creditor of mine attempts to
collect any debt I owe him through court proceedings; (5) I die, am declared
incompetent, make an assignment for the benefit of creditors, or become
insolvent (either because my liabilities exceed my assets or I am unable to pay
my debts as they become due); (6) I make any written statement or provide any
financial information that is untrue or inaccurate at the time it was provided;
(7) I do or fail to do something which causes you to believe you will have
difficulty collecting the amount I owe you; (8) any collateral securing this
note is used in a manner or for a purpose which threatens confiscation by a
legal authority; (9) I change my name or assume an additional name without first
notifying you before making such a change; (10) I fail to plant, cultivate and
harvest crops in due season; (11) any loan proceeds are used for a purpose that
will contribute to excessive erosion of highly erodible land or to the
conversion of wetlands to produce an agricultural commodity, as further
explained in 7 C.F.R. Part 1940, Subpart G, Exhibit M.

REMEDIES - If I am in default on this note you have, but are not limited to,
the following remedies:

         (1) You may demand immediate payment of all I owe you under this note
             (principal, accrued unpaid interest and other accrued unpaid
             charges).
         (2) You may set off this debt against any right I have to the payment
             of money from you, subject to the terms of the "SET-OFF" paragraph
             herein.
         (3) You may demand security, additional security, or additional parties
             to be obligated to pay this note as a condition for not using any
             other remedy.
         (4) You may refuse to make advances to me or allow purchases on credit
             by me.
         (5) You may use any remedy you have under state or federal law.
         (6) You may make use of any remedy given to you in any agreement
             securing this note.

         By selecting any one or more of these remedies you do not give up your
right to use later any other remedy. By waiving your right to declare an event
to be a default, you do not waive your right to consider later the event a
default if it continues or happens again.

COLLECTION COSTS AND ATTORNEY'S FEES - I agree to pay all costs of collection,
replevin or any other or similar type of cost if I am in default. In addition,
if you hire an attorney to collect this note, I also agree to pay any fee you
incur with such attorney plus court costs (except where prohibited by law). To
the extent permitted by the United States Bankruptcy Code, I also agree to pay
the reasonable attorney's fees and costs you incur to collect this debt as
awarded by any court exercising jurisdiction under the Bankruptcy Code.

WAIVER - I give up my rights to require you to do certain things. I will not
require you to:

         (1) demand payment of amounts due (presentment);
         (2) obtain official certification of nonpayment (protest); or
         (3) give notice that amounts due have not been paid (notice of
             dishonor).

         I waive any defenses I have based on suretyship or impairment of
collateral.

OBLIGATIONS INDEPENDENT - I understand that I must pay this note even if
someone else has also agreed to pay it (by, for example, signing this form or a
separate guarantee or endorsement). You may sue me alone, or anyone else who is
obligated on this note, or any number of us together, to collect this note. You
may without notice release any party to this agreement without releasing any
other party. If you give up any of your rights, with or without notice, it will
not affect my duty to pay this note. Any extension of new credit to any of us,
or renewal of this note by all or less than all of us will not release me
from my duty to pay it. (Of course, you are entitled to only one payment in
full.) I agree that you may at your option extend this note or the debt
represented by this note, or any portion of the note or debt, from time to time
without limit or notice and for any term without affecting my liability for
payment of the note. I will not assign my obligation under this agreement
without your prior written approval.

CREDIT INFORMATION - I agree and authorize you to obtain credit information
about me from time to time (for example, by requesting a credit report) and to
report to others your credit experience with me (such as a credit reporting
agency). I agree to provide you, upon request, any financial statement or
information you may deem necessary. I warrant that the financial statements and
information I provide to you are or will be accurate, correct and complete.

SIGNATURES: I AGREE TO THE TERMS OF THIS NOTE (INCLUDING THOSE ON PAGES 1, 2
AND 3). I have received a copy on today's date.
  AQUAPRO CORPORATION, INC.

By:                     PRESIDENT
---------------------------------         ----------------------------------
      GEORGE S HASTINGS, JR

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

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

SIGNATURE FOR LENDER:
----------------------------------------------------------------------------
                                                               (page 3 of 3)
<PAGE>
                                                                         4295200

                                 LINE OF CREDIT
                             AUTHORITY TO TRANSFER

To:   COMMUNITY BANK, INDIANOLA, MISSISSIPPI
   --------------------------------------------

I/WE DO HEREBY GIVE AUTHORITY TO THE ABOVE NAMED LENDER THE RIGHT TO MOVE FUNDS
FROM THE LINE OF CREDIT REFERENCED BELOW TO COVER EXPENSES OR TO COVER
OVERDRAFTS.

LOC LOAN#   4295200
         ----------------------------

ACCOUNT#    519926
        -----------------------------

NAME OF ACCOUNT:   AQUAPRO CORPORATION
                ------------------------------------

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

SIGNATURE OF BORROWER(S)

/s/
----------------------------------------------------
AQUAPRO CORPORATION

----------------------------------------------------
<PAGE>

<Table>
<S>                                  <C>                                        <C>
|------------------------------------|------------------------------------------|------------------------------------------------|
|       AQUAPRO CORPORATION          |          COMMUNITY BANK,                 |                                                |
|       1100 HIGHWAY 3               |          INDIANOLA, MISSISSIPPI          |        Loan Number           4295275           |
|       SUNFLOWER MS 38778           |          147 HWY 82E                     |                    -------------------         |
|                                    |          INDIANOLA, MS 38751             |        Date                  8/29/01           |
|                                    |                                          |            ---------------------------         |
|                                    |                                          |        Maturity Date        10/15/01           |
|                                    |                                          |                     ------------------         |
|                                    |                                          |        Loan Amount $    1,550,563.00           |
|                                    |                                          |                     ------------------         |
|                                    |                                          |        Renewal of            4288759           |
|     BORROWER'S NAME AND ADDRESS    |         LENDER'S NAME AND ADDRESS        |                  ---------------------         |
|     "I" includes each borrower     |  "You" means the lender, its successors  |               JJR/LAV                          |
|    above, jointly and severally.   |  and assigns.                            |                                                |
|------------------------------------|------------------------------------------|------------------------------------------------|
</Table>

For value received, I promise to pay to you, or your order, at your address
listed above the PRINCIPAL sum of ONE MILLION FIVE HUNDRED FIFTY THOUSAND FIVE
HUNDRED SIXTY-THREE AND NO/100 Dollars      $1,550,563.00

[ ] SINGLE ADVANCE: I will receive all of this principal sum on _____________ .
    No additional advances are contemplated under this note.

[X] MULTIPLE ADVANCE: The principal sum shown above is the maximum amount of
    principal I can borrow under this note. On 8/29/01 I will receive the amount
    of $ ______________ and future principal advances are contemplated.

      CONDITIONS: The conditions for future advances are UPON CUSTOMER REQUEST
      AND AT BANK'S DISCRETION.

      [X] OPEN END CREDIT: You and I agree that I may borrow up to the maximum
          principal sum more than one time. This feature is subject to all
          other conditions and expires on 10/15/01.

      [ ] CLOSED END CREDIT: You and I agree that I may borrow (subject to all
          other conditions) up to the maximum principal sum only one time.

INTEREST: I agree to pay interest on the outstanding principal balance from
8/29/01 at the rate of 9.650% per year until 10/15/01.

[ ] VARIABLE RATE: This rate may then change as stated below.

       [ ] INDEX RATE: The future rate will be 1.650% ABOVE the following index
           rate: NEW YORK CONSENSUS PRIME RATE AS PUBLISHED IN THE WALL STREET
           JOURNAL

       [ ] NO INDEX: The future rate will not be subject to any internal or
           external index. It will be entirely in your control.

       [ ] FREQUENCY AND TIMING: The rate on this note may change as often as
           DAILY.

              A change in the interest rate will take effect DAILY.

       [ ] LIMITATIONS: During the term of this loan, the applicable annual
           interest rate will not be more than _______% or less than _______%.
           The rate may not change more than _______% each ________.

       EFFECT OF VARIABLE RATE: A change in the interest rate will have the
       following effect on the payments:

       [ ] The amount of each scheduled payment will change.

       [ ] The amount of the final payment will change.

       [ ] ___________________________________________________________________ .

       ACCRUAL METHOD: Interest will be calculated on a ACTUAL/365 basis.

POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note
owing after maturity, and until paid in full, as stated below:

       [X] on the same fixed or variable rate basis in effect before maturity
           (as indicated above).

       [ ] at a rate equal to ________________________________________________ .

[X] LATE CHARGE: If a payment is made more than 15 days after it is due, I
    agree to pay a late charge of 4% OF THE PAYMENT OR $5.00 WHICHEVER IS
    GREATER WITH A MAX. OF $50.00.

[X] ADDITIONAL CHARGES: In addition to interest, I agree to pay the following
    charges which [X] are [ ] are not included in the principal amount above:
       FILING FEE                 ATTORNEY FEE             APPRAISAL FEE

PAYMENTS: I agree to pay this note as follows: DOCUMENTATION   50.00

[X] INTEREST: I agree to pay accrued interest WITH THE PRINCIPAL.

[X] PRINCIPAL: I agree to pay the principal AT MATURITY.

[ ] INSTALLMENTS: I agree to pay this note in _______ payments. The first

    payment will be in the amount of $ _________ and will be due _____________ .
    A payment of $ __________ will be due _____________________________________
    thereafter. The final payment of the entire unpaid balance of principal and
    interest will be due______________________________________________________ .

PURPOSE: The purpose of this loan is 2001 FEED LINE OF CREDIT.

ADDITIONAL TERMS:

       I/WE HEREBY AGREE THAT THIS LOAN IS FURTHER SECURED BY D/T COVERING
       PROPERTY LOCATED IN SUNFLOWER, LEFLORE & BOLIVAR COUNTIES. ASSN OF ALL
       CATFISH/FISH INVENTORY INCLUDING ALL FOOD FISH, STOCKERS AND FINGERLINGS.
       ALL ACCOUNTS, CONTRACT RIGHTS, GENERAL INTANGIBLES AND CHATTEL PAPER NOW
       IN EXISTENCE OR HEREWITH ACQUIRED, ENTERED INTO OR CREATED AND ALL
       PROCEEDS. PROCEEDS THEREOF TOGETHER. ASSN OF FISHCO INC STOCK IN THE
       NAME OF AQUA PRO CORPORATION
       ASSN OF KEY MAN LIFE INSURANCE POLICY IN THE AMT OF $1,000,000
       IN THE NAME OF GEORGE S. HASTINGS, JR. S/A DATED 4/20/00 AND UCC'S FILED
       IN BO.CO I 5/3/00; LEFLORE CO. 5/3/00, SUNFLOWER 5/2/00; SS 5/3/00 S/A &
       UCC'S DATED 8/26/01 IN BOLIVAR I & II, SUNFLOWER, LEFLORE, WASHINGTONE.

       S/A dated 4/19/01 AND UCC'S FILED IN BOLIVAR COUNTY I 5/8/01, LEFLORE
       COUNTY 5/8/01 SUNFLOWER COUNTY 5/8/01, WASHINGTON 5/8/01, SECRETARY OF
       STATE 5/8/01

       I AGREE TO PAY A MINIMUM INTEREST CHARGE OF $10.00 IF I PAY THIS LOAN
       OFF BEFORE YOU HAVE EARNED THAT MUCH INTEREST.

-------------------------------------------------------------------------------
UNIVERSAL NOTE AND SECURITY AGREEMENT                             (page 1 of 3)

<PAGE>

<TABLE>
<S>                                                           <C>
                                                              SECURITY

SECURITY INTEREST: I give you a security interest in all of the Property described below that I now own and that I may own in the
  future (including, but not limited to, all parts, accessories, repairs, improvements, and accessions to the Property), wherever
  the Property is or may be located, and all proceeds and products from the Property.

  [X]  INVENTORY: All inventory which I hold for ultimate sale or lease, or which has been or will be supplied under contracts of
       service, or which are raw materials, work in process, or materials used in my business.

  [X]  EQUIPMENT: All equipment including, but not limited to, all machinery, vehicles, furniture, fixtures, manufacturing
       equipment, farm machinery and equipment, shop equipment, office and recordkeeping equipment, and parts and tools. All
       equipment described in a list or schedule which I give to you will also be included in the secured property, but such a
       list is not necessary for a valid security interest in my equipment.

  [X]  FARM PRODUCTS: All farm products including, but not limited to:
       (a) all poultry and livestock and their young, along with their products, produce and replacements;
       (b) all crops, annual or perennial, and all products of the crops; and
       (c) all feed, seed, fertilizer, medicines, and other supplies used or produced in my farming operations.

  [X]  ACCOUNTS, INSTRUMENTS, DOCUMENTS, CHATTEL PAPER AND OTHER RIGHTS TO PAYMENT: All rights I have now and that I may have in
       the future to the payment of money including, but not limited to:
       (a) payment for goods and other property sold or leased or for services rendered, whether or not I have earned such payment
       by performance, and
       (b) rights to payment arising out of all present and future debt instruments, chattel paper and loans and obligations
       receivable.
       The above include any rights and interests (including all liens and security interests) which I may have by law or agreement
       against any account debtor or obligor of mine.

  [X]  GENERAL INTANGIBLES: All general intangibles including, but not limited to, tax refunds, applications for patents, patents,
       copyrights, trademarks, trade secrets, good will, trade names, customer lists, permits and franchises, and the right to use
       my name.

  [X]  GOVERNMENT PAYMENTS AND PROGRAMS: All payments, accounts, general intangibles, or other benefits (including, but not limited
       to, payments in kind, deficiency payments, letters of entitlement, warehouse receipts, storage payments, emergency assistance
       payments, diversion payments, and conservation reserve payments) in which I now have and in the future may have any rights or
       interest and which arise under or as a result of any preexisting, current or future Federal or state governmental program
       (including, but not limited to, all programs administered by the Commodity Credit Corporation and the ASCS).

  [ ]  INVESTMENT PROPERTY: All investment property including, but not limited to, certificated securities, uncertificated
       securities, securities entitlements, securities accounts, commodity contracts, commodity accounts, and financial assets.

  [X]  Deposit Accounts: All deposit accounts including, but not limited to, demand, time, savings, passbook, and similar accounts.

  [X]  Specific Property Description: The Property includes, but is not limited by, the following:

       ADDITIONAL ADVANCE ON S/A DATED 4/19/01 (4295200) 2ND LIEN POSITION ON 553 ACRES OF LAND; 3RD LIEN POSITION ON APPROX 647
       ACRES OF LAND; 449 SHARES OF FISHCO STOCK; BLANKET LIEN ON ALL EQUIP, AR; ASSN OF LIFE INS POLICY IN THE AMT OF $1,000,000
       IN THE NAME OF GEORGE S. HASTINGS, JR.

If this agreement covers timber to be cut, minerals (including oil and gas), fixtures or crops growing or to be grown, the
description of the real estate is:

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

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

-----------------------------------------------------------------------------------------------------------------------------------
[ ] If checked, file this agreement on the real estate records. Record owner (if not me)
                                                                                         ------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
The Property will be used for a  [ ] personal    [ ] business    [X] agricultural    [ ]                                   purpose.
                                                                                         ---------------------------------
BORROWER/OWNER        STATE OF ORGANIZATION/REGISTRATION       TN#0192178

                                             ADDITIONAL TERMS OF THE SECURITY AGREEMENT

GENERALLY - This agreement secures this note and any other debt I have with you, now or later. However, it will not secure other
debts if you fail with respect to such other debts, to make any required disclosure about this security agreement or if you fail to
give any required notice of the right of rescission. If property described in this agreement is located in another state, this
agreement may also, in some circumstances, be governed by the law of the state in which the Property is located.

OWNERSHIP AND DUTIES TOWARD PROPERTY - I represent that I own all of the Property, or to the extent this is a purchase money
security interest I will acquire ownership of the Property with the proceeds of the loan. I will defend it against any other claim.
Your claim to the Property is ahead of the claims of any other creditor. I agree to do whatever you require to protect your security
interest and to keep your claim in the Property ahead of the claims of other creditors. I will not do anything to harm your
position.

         I will keep books, records and accounts about the Property and my business in general. I will let you examine these
records at any reasonable time. I will prepare any report or accounting you request, which deals with the Property.

         I will keep the Property in my possession and will keep it in good repair and use it only for the purpose(s) described on
page 1 of this agreement. I will not change this specified use without your express written permission. I represent that I am the
original owner of the Property and, if I am not, that I have provided you with a list of prior owners of the Property.

         I will keep the Property at my address listed on page 1 of this agreement, unless we agree I may keep it at another
location. If the Property is to be used in another state, I will give you a list of those states. I will not try to sell the
Property unless it is inventory or I receive your written permission to do so. If I sell the Property I will have the payment made
payable to the order of you and me.

         You may demand immediate payment of the debt(s) if the debtor is not a natural person and without your prior written
consent; (1) a beneficial interest in the debtor is sold or transferred, or (2) there is a change in either the identity or number
of members of a partnership, or (3) there is a change in ownership of more than 25 percent of the voting stock of a corporation.

         I will pay all taxes and charges on the Property as they become due. You have the right of reasonable access in order to
inspect the Property. I will immediately inform you of any loss or damage to the Property.

         If I fail to perform any of the duties under this security agreement, or any mortgage, deed of trust, lien or other
security interest, you may without notice to me perform the duties or cause them to be performed. Your right to perform for me
shall not create an obligation to perform and your failure to perform will not preclude you from exercising any of your other
rights under the law or this security agreement.

PURCHASE MONEY SECURITY INTEREST - For the sole purpose of determining the extent of a purchase money security interest arising
under this security agreement: (a) payments on any nonpurchase money loan also secured by this agreement will not be deemed to
apply to the Purchase Money Loan, and (b) payments on the Purchase Money Loan will be deemed to apply first to the nonpurchase
money portion of the loan, if any, and then to the purchase money obligations in the order which the items of collateral were
acquired or if acquired at the same time, in the order selected by you. No security interest will be terminated by application of
this formula. "Purchase Money Loan" means any loan the proceeds of which, in whole or in part, are used to acquire any collateral
securing the loan and all extensions, renewals, consolidations and refinancing of such loan.

PAYMENTS BY LENDER - You are authorized to pay, on my behalf, charges I am or may become obligated to pay to preserve or protect
the secured property (such as property insurance premiums). You may treat those payments as advances and add them to the unpaid
principal under the note secured by this agreement or you may demand immediate payment of the amount advanced.

INSURANCE - I agree to buy insurance on the Property against the risks and for the amounts you require and to furnish you
continuing proof of coverage. I will have the insurance company name you as loss payee on any such policy. You may require added
security if you agree that insurance proceeds may be used to repair or replace the Property. I will buy insurance from a firm
licensed to do business in the state where you are located. The firm will be reasonably acceptable to you. The insurance will last
until the Property is released from this agreement. If I fail to buy or maintain the insurance (or fail to name you as loss payee)
you may purchase it yourself.

WARRANTIES AND REPRESENTATIONS - If this agreement includes accounts, I will not settle any account for less than its full value
without your written permission. I will collect all accounts until you tell me otherwise. I will keep the proceeds from all the
accounts and any goods which are returned to me or which I take back in trust for you. I will not mix them with any other property
of mine. I will deliver them to you at your request. If you ask me to pay you the full price on any returned items retaken by
myself, I will do so.

         If this agreement covers inventory, I will not dispose of it except in my ordinary course of business at the fair market
value for the Property, or at a minimum price established between you and me.

         If this agreement covers farm products I will provide you, at your request, a written list of the buyers, commission
merchants or selling agents to or through whom I may sell my farm products. In addition to those parties named on this written
list, I authorize you to notify at your sole discretion any additional parties regarding your security interest in my farm
products. I remain subject to all applicable penalties for selling my farm products in violation of my agreement with you and the
Food Security Act. In this paragraph the terms farm products, buyers, commission merchants and selling agents have the meanings
given to them in the Federal Food Security Act of 1985.

REMEDIES - I will be in default on this security agreement if I am in default on any note this agreement secures or if I fail to
keep any promise contained in the terms of this agreement. If I default, you have all of the rights and remedies provided in the
note and under the Uniform Commercial Code. You may require me to make the secured property available to you at a place which is
reasonably convenient. You may take possession of the secured property and sell it as provided by law. The proceeds will be applied
first to your expenses and then to the debt. I agree that 10 days written notice sent to my last known address by first class mail
will be reasonable notice under the Uniform Commercial Code. My current address is on page 1. I agree to inform you in writing of
any change of my address.

FILING - A carbon, photographic or other reproduction of this security agreement or the financing statement covering the Property
described in this agreement may be used as a financing statement where allowed by law. Where permitted by law, you may file a
financing statement which does not contain my signature, covering the Property secured by this agreement.

-----------------------------------------------------------------------------------------------------------------------------------
   Any person who signs within this box does so to give you a security interest in the Property described on this page. This
   person does not promise to pay the note. "I" as used in this security agreement will include the borrower and any person
   who signs within this box.

   Signed                                                                        Date
          ----------------------------------------------                              ---------------------------------

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                                                                                                                       (page 2 of 3)
</TABLE>
<PAGE>
                          ADDITIONAL TERMS OF THE NOTE

DEFINITIONS - As used on pages 1 and 2, "[X]" means the terms that apply to
this loan. "I," "me" or "my" means each Borrower who signs this note and each
other person or legal entity (including guarantors, endorsers, and sureties) who
agrees to pay this note (together referred to as "us"). "You" or "your" means
the Lender and its successors and assigns.

APPLICABLE LAW - The law of the state in which you are located will govern
this agreement. Any term of this agreement which is contrary to applicable law
will not be effective, unless the law permits you and me to agree to such a
variation. If any provision of this agreement cannot be enforced according to
its terms, this fact will not affect the enforceability of the remainder of
this agreement. No modification of this agreement may be made without your
express written consent. Time is of the essence in this agreement.

PAYMENTS - Each payment I make on this note will first reduce the amount I owe
you for charges which are neither interest nor principal. The remainder of each
payment will then reduce accrued unpaid interest, and then unpaid principal. If
you and I agree to a different application of payments, we will describe our
agreement on this note. I may prepay a part of, or the entire balance of this
loan without penalty, unless we specify to the contrary on this note. Any
partial prepayment will not excuse or reduce any later scheduled payment until
this note is paid in full (unless, when I make the prepayment, you and I agree
in writing to the contrary).

INTEREST - Interest accrues on the principal remaining unpaid from time to
time, until paid in full. If I receive the principal in more than one advance,
each advance will start to earn interest only when I receive the advance. The
interest rate in effect on this note at any given time will apply to the entire
principal sum outstanding at that time. Notwithstanding anything to the
contrary, I do not agree to pay and you do not intend to charge any rate of
interest that is higher than the maximum rate of interest you could charge under
applicable law for the extension of credit that is agreed to in this note
(either before or after maturity). If any notice of interest accrual is sent and
is in error, we mutually agree to correct it, and if you actually collect more
interest than allowed by law and this agreement, you agree to refund it to me.

INDEX RATE - The index will serve only as a device for setting the interest
rate on this note. You do not guarantee by selecting this index, or the margin,
that the interest rate on this note will be the same rate you charge on any
other loans or class of loans yo make to me or other borrowers.

POST MATURITY RATE - For purposes of deciding when the "Post Maturity Rate"
(shown on page 1) applies, the term "maturity" means the date of the last
scheduled payment indicated on page 1 of this note or the date you accelerate
payment on the note, whichever is earlier.

SINGLE ADVANCE LOANS - If this is a single advance loan, you and I expect that
you will make only one advance of principal. However, you may add other amounts
to the principal if you make any payments described in the "PAYMENTS BY LENDER"
paragraph on page 2.

MULTIPLE ADVANCE LOANS - If this is a multiple advance loan, you and I expect
that you will make more than one advance of principal. If this is closed end
credit, repaying a part of the principal will not entitle me to additional
credit.

SET-OFF - I agree that you may set off any amount due and payable under this
note against any right I have to receive money from you.

         "Right to receive money from you" means:

         (1) any deposit account balance I have with you;

         (2) any money owed to me on an item presented to you or in your
             possession for collection or exchange; and

         (3) any repurchase agreement or other nondeposit obligation.

         "Any amount due and payable under this note" means the total amount of
which you are entitled to demand payment under the terms of this note at the
time you set off. This total includes any balance the due date for which you
properly accelerate under this note.

         If my right to receive money from you is also owned by someone who has
not agreed to pay this note, your right of set-off will apply to my interest in
the obligation and to any other amounts I could withdraw on my sole request or
endorsement. Your right of set-off does not apply to an account or other
obligation where my rights are only as a representative. It also does not apply
to any Individual Retirement Account or other tax-deferred retirement account.

         You will not be liable for the dishonor of any check when the dishonor
occurs because you set off this debt against any of my accounts. I agree to
hold you harmless from any such claims arising as a result of your exercise of
your right to set-off.

DEFAULT - I will be in default if any one or more of the following occur: (1) I
fail to make a payment on time or in the amount due; (2) I fail to keep the
Property insured, if required; (3) I fail to pay, or keep any promise, on any
debt or agreement I have with you; (4) any other creditor of mine attempts to
collect any debt I owe him through court proceedings; (5) I die, am declared
incompetent, make an assignment for the benefit of creditors, or become
insolvent (either because my liabilities exceed my assets or I am unable to pay
my debts as they become due); (6) I make any written statement or provide any
financial information that is untrue or inaccurate at the time it was provided;
(7) I do or fail to do something which causes you to believe you will have
difficulty collecting the amount I owe you; (8) any collateral securing this
note is used in a manner or for a purpose which threatens confiscation by a
legal authority; (9) I change my name or assume an additional name without first
notifying you before making such a change; (10) I fail to plant, cultivate and
harvest crops in due season; (11) any loan proceeds are used for a purpose that
will contribute to excessive erosion of highly erodible land or to the
conversion of wetlands to produce an agricultural commodity, as further
explained in 7 C.F.R. Part 1940, Subpart G, Exhibit M.

REMEDIES - If I am in default on this note you have, but are not limited to,
the following remedies:

         (1) You may demand immediate payment of all I owe you under this note
             (principal, accrued unpaid interest and other accrued unpaid
             charges).

         (2) You may set off this debt against any right I have to the payment
             of money from you, subject to the terms of the "SET-OFF" paragraph
             herein.

         (3) You may demand security, additional security, or additional
             parties to be obligated to pay this note as a condition for not
             using any other remedy.

         (4) You may refuse to make advances to me or allow purchases on credit
             by me.

         (5) You may use any remedy you have under state or federal law.

         (6) You may make use of any remedy given to you in any agreement
             securing this note.

         By selecting any one or more of these remedies you do not give up your
right to use later any other remedy. By waiving your right to declare an event
to be a default, you do not waive your right to consider later the event a
default if it continues or happens again.

COLLECTION COSTS AND ATTORNEY'S FEES - I agree to pay all costs of collection,
replevin or any other or similar type of cost if I am in default. In addition,
if you hire an attorney to collect this note, I also agree to pay any fee you
incur with such attorney plus court costs (except where prohibited by law). To
the extent permitted by the United States Bankruptcy Code, I also agree to pay
the reasonable attorney's fees and costs you incur to collect this debt as
awarded by any court exercising jurisdiction under the Bankruptcy Code.

WAIVER - I give up my rights to require you to do certain things. I will not
require you to:

         (1) demand payment of amounts due (presentment);

         (2) obtain official certification of nonpayment (protest); or

         (3) give notice that amounts due have not been paid (notice of
             dishonor).

         I waive any defenses I have based on suretyship or impairment of
collateral.

OBLIGATIONS INDEPENDENT - I understand that I must pay this note even if
someone else has also agreed to pay it (by, for example, signing this form or a
separate guarantee or endorsement). You may sue me alone, or anyone else who is
obligated on this note, or any number of us together, to collect this note. You
may without notice release any party to this agreement without releasing any
other party. If you give up any of your rights, with or without notice, it will
not affect my duty to pay this note. Any extension of new credit to any of us,
or renewal of this note by all or less than all of us will not release me from
my duty to pay it. (Of course, you are entitled to only one payment in full.) I
agree that you may at your option extend this note or the debt represented by
this note, or any porion of the note or debt, from time to time without limit or
notice and for any term without affecting my liability for payment of the note.
I will not assign my obligation under this agreement without your prior written
approval.

CREDIT INFORMATION - I agree and authorize you to obtain credit information
about me from time to time (for example, by requesting a credit report) and to
report to others your credit experience with me (such as a credit reporting
agency). I agree to provide you, upon request, any financial statement or
information you may deem necessary. I warrant that the financial statements and
information I provide to you are or will be accurate, correct and complete.

SIGNATURES: I AGREE TO THE TERMS OF THIS NOTE (INCLUDING THOSE ON PAGES 1 AND
2). I have received a copy on today's date.

    AQUAPRO CORPORATION

BY: /s/ George S. Hastings, Jr.  PRESIDENT
------------------------------------------    ----------------------------------
     GEORGE S. HASTINGS, JR.

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

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

SIGNATURE FOR LENDER:
                     -----------------------------------------------------------

                                                                   (page 3 of 3)
<PAGE>
                                                                         4295275

                                 LINE OF CREDIT
                             AUTHORITY TO TRANSFER

To:   COMMUNITY BANK, INDIANOLA, MISSISSIPPI
   --------------------------------------------

I/WE DO HEREBY GIVE AUTHORITY TO THE ABOVE NAMED LENDER THE RIGHT TO MOVE FUNDS
FROM THE LINE OF CREDIT REFERENCED BELOW TO COVER EXPENSES OR TO COVER
OVERDRAFTS.

LOC LOAN#   4295275
         ----------------------------

ACCOUNT#    519926
        -----------------------------

NAME OF ACCOUNT:   AQUAPRO CORPORATION
                ------------------------------------

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

SIGNATURE OF BORROWER(S)

/s/
----------------------------------------------------
AQUAPRO CORPORATION

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

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