Document:

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                                                                    EXHIBIT 10.1

                                 LOAN AGREEMENT

                               PalWeb Corporation
                            1607 West Commerce Street
                               Dallas, Texas 75208
                                 (214) 698-8330

December 1, 1999

Mr. Ralph Curton, Jr.
P.O. Box 7027
Dallas, Texas 75209

Dear Mr. Curton:

         The undersigned, PalWeb Corporation (the "Company"), a publicly held
and traded Delaware corporation, agrees with you as follows:

         SECTION 1.        DESCRIPTION OF THE NOTE AND COMMITMENT.

         1.1      DESCRIPTION OF THE NOTE. The Company agrees to issue to you
(or your nominee) a line of credit Convertible Debenture (the "Note") in the
aggregate principal amount of $500,000.00, with the Note to be dated as of the
date of issue, to bear interest from such date at the rate specified
hereinbelow. The Company shall use proceeds of the Loan represented by the Note
to pay the Company's general operating expenses and overhead. The Note shall be
substantially in the same form and substance as the note attached hereto as
Exhibit "A" and incorporated herein by reference for all purposes.

         Interest on the Note shall be computed on the basis of a 365 day year
consisting of twelve months at the rate of eight and one-half percent (8.5%) per
annum.

         The term Note, as used herein, shall include the Note delivered to you
pursuant to this Agreement. You are hereinafter sometimes referred to as the
"Noteholder".

         1.2      (a) COMMITMENT; CLOSING DATE. Subject to the terms and
conditions hereof, and the basis of the representations and warranties
hereinafter set forth, you agree to loan the Company up to $500,000.00, on a
revolving line of credit basis, with draws on the loan to be in the maximum
amount of $100,000.00 in any calendar month. The initial amount to be funded
shall be $25,000.00. Simultaneously with the funding by you of said initial
$25,000.00, the Company agrees to execute a Promissory Note, payable to you, in
the form of the note attached hereto as Exhibit "A".

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         Requests for funding under the terms of the of the Note shall be made
to you at your offices and payment therefor by you shall be in Federal or other
current or immediately available funds at Security National Bank and Trust
Company, Norman, Oklahoma, in the amount or the amounts requested by the
Company, subject, however, to the maximum monthly draw of $100,000.00, as set
forth above.

         (b) SUBSEQUENT DRAWS AFTER INITIAL LOAN AMOUNT. Following the funding
of the initial $25,000.00 which shall be funded within three (3) days of written
request, the Company shall have the right to increase its indebtedness over and
above the Initial Loan Amount by up to an additional $475,000.00 as provided in
Section 1.2(a) above by giving you five (5) business days prior written notices,
subject, however, to the previously stated maximum monthly draw of $100,000.00.

         1.3      OTHER AGREEMENTS. The Company may, at its sole discretion,
enter into similar or different note agreements with other lenders.

         SECTION 2.        REPRESENTATIONS.

         2.1      REPRESENTATIONS OF THE COMPANY. The Company represents and
warrants that, to the best of its knowledge, all representations that have been
made to you in writing are true and correct as of the date hereof and are
incorporated herein by reference with the same force and effect as though herein
set forth.

         2.2      REPRESENTATIONS OF NOTEHOLDER. In entering into this
Agreement, you acknowledge, represent, warrant, and agree with the Company, as
follows:

         (a)      No consent, approval, authorization, or order of any court or
governmental agency or body is required for, and no statutory waiting period is
required to expire before the execution and delivery by you of this Agreement or
the consummation by you of the transactions contemplated hereunder other than
those which have been obtained or will be obtained prior to or at the purchase
of the Note.

         (b)      The purchase of the Note by you hereunder and the performance
of this Agreement will not result in a breach or violation of any of the terms
or provisions of, or constitute a default under, any statute, or any indenture,
mortgage, deed of trust, loan agreement, or other agreement or instrument to
which you are a party or by which you are bound, the certificate or articles of
incorporation or bylaws of the undersigned if the undersigned is a corporation,
the partnership agreement of the undersigned if the undersigned is a
partnership, the trust instrument of the undersigned if the undersigned is a
trust, the will and letters testamentary of the undersigned if the undersigned
is an estate, or any order, rule, or regulation of any court or governmental
agency or body having jurisdiction over the undersigned or the property of the
undersigned.

         (c)      You are acquiring the Note for your own account as a
principal, for investment purposes only, and not with a view to or for resale,
distribution, or fractionalization thereof, in whole or in part, and no other
person has a direct or indirect beneficial interest in such Note.

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         (d)      You acknowledge that the offering and sale of the Note is
intended to be exempt from registration under the Securities Act of 1933, as
amended (the "Act"), and under the securities or Blue Sky laws of the states in
which the Note will be offered. You represent and warrant to, and agree with,
the Company that you have the financial ability to bear the economic risk of
your investment, have adequate means for providing for your current and
contemplated financial needs, personal or other contingencies, and have no need
for liquidity with respect to an investment in the Note.

         (e)      You have complete knowledge of the Company's business and
intended use of the proceeds from the sale of the Note (which shall include, but
not be limited to, the following purposes: (i) operating capital for the
Company; and (ii) any other purpose approved by a majority vote of the Board of
Directors of the Company), and you have experience in financial and business
matters such that you are capable of evaluating the merits and risks of your
investment in the Note.

         (f)      You meet all suitability standards imposed by the State of
Texas in connection with the purchase of promissory notes.

         (g)      That you:

                  (i)      have been furnished with information and documents
that you have requested, and have carefully examined such information and
documents and have evaluated the risks and other considerations relating to a
purchase of the Note;

                  (ii)     have been given the opportunity to ask questions of,
and receive answers from the Company concerning the terms and conditions of the
purchase and sale of the Note to which this Agreement relates, and other matters
pertaining to this investment, and have been given the opportunity to obtain
such additional information necessary to verify the accuracy of the information
disseminated by the Company in order for you to evaluate the merits and risks of
a purchase of the Note to the extent the Company possesses such information or
can acquire it without unreasonable effort or expense; and

                  (iii)    have determined that the Note is a suitable
investment and that at this time you have no need for liquidity of this
investment and could bear the complete loss thereof.

         (h)      You represent, warrant, and agree that you will not sell or
otherwise transfer the Note or any portion thereof without notifying the Company
in writing, and fully understand and agree that you must bear the economic risk
of this purchase for an indefinite period of time because, among other reasons,
the Note has not been registered under the Act or under the securities or Blue
Sky laws of any state, and, therefore, cannot be resold, pledged, assigned, or
otherwise disposed of unless applicable securities laws of such states or an
exemption from such registration is available. You understand that the Company
is under no obligation to register the Note on your behalf or to assist you in
complying with any exemption from

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registration under the securities laws. You also understand that sales or
transfers of the Note are further restricted by the provisions of state
securities or Blue Sky laws.

         (i)      No representations or warranties have been made to you by the
Company or any officer, employee, agent, or subsidiary of the Company, other
than the representations and warranties of the Company in this Agreement.

         (j)      Any information that the undersigned has heretofore furnished
to the Company is true, correct, and complete as of the date of this Agreement,
and if there should be any change in such information at or prior to the closing
date hereunder, you will immediately furnish such revised or corrected
information to the Company.

         You comprehend, acknowledge, represent, agree, and are aware of each of
the following:

         (a)      The Company is a developmental stage company, as defined under
generally accepted auditing standards, and has not realized a profit from
operations for several years. The Company does not currently have sufficient net
operating income to either make the interest payments or retire the principal
debt represented by the Note.

         (b)      No federal or state agency has passed upon the Note as
securities or made any finding or determination as to the fairness of this loan
as a potential investment.

         (c)      There are substantial risks of loss of investment incident to
the purchase of Note, and that no person or entity shall be personally liable or
responsible for the repayment of any interest or principal payments related to
the Note.

         (d)      The investment in the Note is an illiquid investment and you
must bear the economic risk of investment for an indefinite period of time.

         (e)      There is no established market for the Note and there can be
no assurance that a public market for the Note will develop.

         (f)      This Agreement contains restrictions on transferability of the
Note. The Note cannot be transferred without the Company, in its sole
discretion, being assured that such transfer complies with federal securities
laws, and the Company may request an opinion of counsel to that effect.

         You hereby represent and warrant that you are, or the entity for which
you are executing this Agreement is, an "accredited investor". An accredited
investor is defined as:

         (1)      a natural person, over the age of 21 and legally competent,
whose net worth, individually or jointly with his or her spouse exceeds
$1,000,000.00 (inclusive of the value of home, home furnishings, and
automobiles); or

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         (2)      a natural person, over the age of 21 and legally competent,
whose individual annual adjusted gross income (as defined herein) exceeded
$200,000.00 or whose joint annual adjusted gross income (as defined herein) with
his or her spouse exceeded $300,000.00, in the last two (2) prior years and who
reasonably expects that his or her individual personal income will exceed
$200,000.00, or his or her joint income with his or her spouse will exceed
S300,000.00, in the current year; "individual annual adjusted gross income"
means an individual's "adjusted gross income" as reported for federal income tax
purposes, less any income increased by the following amounts (but not including
any amounts attributable to a spouse or the property owned by a spouse): (i) the
amount of any tax-exempt interest income received; (ii) the amount of losses
claimed as a limited partner in a limited partnership; (iii) any deduction
claimed for depletion; (iv) any deduction allowed for amounts contributed to an
IRA or Keogh retirement plan; (v) alimony paid; and (vi) for applicable taxable
years, any amount by which income from long-term capital gains has been reduced
in arriving at adjusted gross income pursuant to the provisions of Section 1202
of the Internal Revenue Code of 1986 (the "Code"); and "joint annual adjusted
gross income" means (x) in the ease of a husband and wife filing a joint federal
income tax return, the "adjusted gross income" reported for federal income tax
purposes on such return, increased by the amounts described in clauses (i)
through (vi) above; and (y) in the case of a husband and wife not filing a joint
federal income tax return, the sum of the husband's and the wife's individual
annual adjusted gross income as defined above; or

         (3)      an executive officer of the Company;

         (4)      an entity (i.e., a corporation, partnership, trust, or estate)
each of the equity owners of which meets the requirements of categories (1),
(2), or (3) above or categories (5) and (6) below;

         (5)      a trust, with total assets in excess of $5,000,000.00 not
formed for the specific purpose of acquiring Securities, whose purchase is
directed by a natural person or entity that has such knowledge and experience in
financial and business matters to be capable of evaluating the merits and risks
of acquiring Securities; or

         (6)      (i) a bank as defined in Section 3(a) (2) of the Act, or a
savings and loan association or other institution as defined in Section 3(a) (5)
(A) of the Act, whether acting in its individual or fiduciary capacity; (ii) a
broker or dealer registered pursuant to Section 15 of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"); (iii) an insurance company as
defined in Section 2(13) of the Act; (iv) an investment company registered under
the Investment Company Act of 1940; (v) a business development company as
defined in Section (2) (a) (48) of the Investment Company Act of 1940; (vi) a
Small Business Investment Company licensed by the U.S. Small Business
Administration under Section 301 (c) or (d) of the Small Business Investment Act
of 1958; (vii) a plan established and maintained by a state, its political
subdivisions, or any agency or instrumentality of a state or its political
subdivisions, for the benefit of its employees, if such plan has total assets in
excess of$5,000,000.00; (viii) an employee benefit plan within the meaning of
Title I of the Employee Retirement Income Security Act of 1974, as amended, and
either (x) the employee benefit plan has total assets in excess of
$5,000,000.00; (y) the investment decision is made by a plan

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fiduciary, as defined in Section 3(21) of such act, that is either a bank,
savings and loan association, insurance company, or registered investment
adviser, or (z) if the plan is a self directed plan, solely by persons that
are "accredited investors" under Rule 501 of the Act; (ix) a private business
development company as defined in Section 202(a) (22) of the Investment
Advisers Act of 1940; or (x) an organization described in Section 501 (c) (3)
of the Code, with total assets in excess of$5,000,000.00.

         SECTION 3.        CLOSING CONDITIONS.

         Your obligation to loan the funds represented by the Note on the
Closing Date shall be subject to the performance by the Company of its
agreements hereunder which by the terms hereof are to be performed at or prior
to the time of delivery of the Note and to the following further conditions
precedent:

         3.1      COMPANY EXISTENCE AND AUTHORITY. On or prior to the effective
date of this Note Agreement, you shall have received, in form and substance
reasonably satisfactory to you, such documents and evidence with respect to the
Company as you may reasonably request in order to establish its existence and
good standing.

         3.2      SATISFACTORY DOCUMENTS. The Note and other documents made and
executed in connection with the transactions contemplated by this Agreement, and
all documents necessary to the consummation thereof shall be in satisfactory
form and substance to you, and you shall have received upon request a copy
(executed or certified as may be appropriate) of all legal documents or
proceedings taken in connection with the consummation of said transactions.

         3.3      WAIVER OF CONDITIONS. If the conditions specified herein have
not been fulfilled by the Company, you may waive compliance by the Company with
any such condition to such extent as you may in your sole discretion determine.
Nothing in this Section 3.3 shall operate to relieve the Company of any of its
obligations hereunder or to waive any of your rights against the Company.

         4.       COMPANY COVENANTS.

         4.1      EXISTENCE. The Company will preserve and keep in force and
effect its legal existence and all licenses and permits necessary, in all
material respects, to the proper conduct of its business.

         4.2      INSURANCE. The Company and/or the operator of the Well will
maintain insurance coverage by financially sound and reputable insurers in such
forms and amounts and against such risks as are customary for companies of
established reputation engaged in the same or similar businesses, provided that
the foregoing shall not prevent any transaction permitted by Section 4.5.

         4.3      MAINTENANCE. The Company will maintain, preserve and keep its
assets which are used or useful in the conduct of its business, in good repair
and working order and

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from time to time will make all necessary repairs, replacements, renewals,
and additions so that at all times the efficiency thereof shall be maintained.

         4.4      NATURE OF BUSINESS. The Company will not engage in any
business if, as a result, the general nature of the Company's business, taken on
a consolidated basis, would then be substantially changed from the general
nature of the business engaged in by the Company on the date of this Agreement,
without first obtaining written consent from you, which consent shall not be
unreasonably withheld.

         4.5      MERGERS, CONSOLIDATIONS AND SALES OF ASSETS. The Company will
not (i) consolidate with or be a party to a merger with any other company or
(ii) sell, lease, or otherwise dispose of all or any substantial part of the
assets of the Company, provided, however, that the Company may consolidate or
merge with any other Company if the Company shall be the surviving or continuing
entity, or if the Company is not the surviving or continuing entity, the
surviving or continuing entity shall expressly assume in writing the obligations
of the Company under this Agreement and under the Note

         4.6      INVESTMENTS. The Company will not make any investments in or
loans, advances, or extensions of credit to any person, except:

         (a)      investments in (i) marketable direct obligations issued or
unconditionally guaranteed by the United States of America or any agency
thereof, maturing within one (1) year from the date of acquisition thereof, (ii)
banker's acceptances, commercial paper and deposits of United States Dollars
maturing within one (1) year from the date of acquisition thereof issued by
commercial banks chartered under the laws of the United States of America or any
state thereof, each such bank having a deposit rating of A-1 or better by
Moody's Investors Service and maintaining policies with the Federal Deposit
Insurance Corporation (FDIC);

         (b)      loans or advances to any officers, managers, members and
employees not exceeding in the aggregate at any one time, fifty thousand dollars
($50,000 00);

         (c)      receivables arising from the sale of goods in the ordinary
course of business of the Company.

         4.7      GUARANTIES. The Company will not become or be liable in
respect to any guaranty except guaranties of the Company which are incurred in
the ordinary course of business.

         4.8      REPORTS AND RIGHTS OF INSPECTION. The Company will keep proper
books and records in accordance with generally accepted accounting principles
consistently applied (except for changes disclosed in the financial statements
furnished to you by the Company and concurred in by the Company's independent
public accountants, and will furnish you so long as you are a holder of the
Note, and to each other holder of the Note, a copy of the Company's Annual
Financial Statements

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         5.       EVENTS OF DEFAULT AND REMEDIES THEREFOR.

         5.1      EVENTS OF DEFAULT. Any one or more of the following shall
constitute an "Event of Default" as the term is used herein.

         (a)      Default shall occur in the payment of interest or principal on
any Note when the same shall have become due and such default is not remedied
within thirty (30) days after written notice thereof to the Company; or

         (b)      Default shall occur in the observance or performance of any
covenant or agreement contained in this Agreement which is not remedied within
thirty (30) days after written notice thereof to the Company; or

         (c)      The Company becomes insolvent or bankrupt, applies for or
consents to the appointment of a custodian or receiver for the Company under
Federal bankruptcy law; or

         (d)      A custodian, trustee, liquidator, or receiver is appointed for
the Company and is not discharged within 90 days after such appointment.

         5.2      ACCELERATION OF MATURITY. When any Event of Default described
in Section 5.1 above has occurred and is continuing for a period of thirty (30)
days, you may, by giving notice in writing to the Company sent by registered
mail, certified mail - return receipt requested, or telegram (the "Notice of
Acceleration"), declare the entire principal and accrued interest on the Note,
to be, and it shall thereupon become, forthwith due and payable. The Company
further agrees, to the extent permitted by law, to pay to you all costs and
expenses incurred by you in collection of the Note upon any Default hereunder or
thereon, including reasonable compensation to your attorneys for their services
rendered therewith. You may rescind and annul such declaration of acceleration,
and no such rescission and annulment shall extend to or affect any subsequent
Default or Event of Default or impair any right consequent thereto.

         SECTION 6.        AMENDMENTS, WAIVERS, AND CONSENTS.

         6.1      CONSENT REQUIRED. Any term, covenant, agreement, or condition
of this Agreement may, with the consent of the Company, be amended or compliance
therewith be waived (either generally or in a particular instance and either
retroactively or prospectively), if the Company shall have obtained the consent
in writing of the holder and party to this Agreement.

         6.2      EFFECT OF AMENDMENT OR WAIVER. Any such amendment or waiver
shall be binding upon the holder and each and any future holder of the Note and
upon the Company, whether or not such Note shall have been marked to indicate
such amendment or waiver. No such amendment or waiver shall extend to or affect
any obligation not expressly amended or waived or impair any right consequent
thereto.

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         7.       INTERPRETATION OF AGREEMENT; DEFINITIONS.

         Unless the context otherwise requires, the terms hereinafter set forth
when used shall have the following meanings and the following definitions shall
be equally applicable to the both the singular and plural forms of any of the
terms herein defined:

         "Affiliate" shall mean any Person (i) which directly or indirectly,
through one or more intermediaries, controls, or is controlled by, or is under
common control with, the Company, (ii) which beneficially owns or holds 10% or
more of any class of the Voting Membership Interests of the Company. The term
"control" means the possession, directly or indirectly, or the power to direct
or cause the direction of the management and policies of a Person, whether
through the ownership of Voting Interest or Stock, by contract or otherwise.

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

         8.       MISCELLANEOUS.

         8.1      NOTICES. Except as may be otherwise specifically provided in
this Agreement, all notices required or permitted hereunder shall be in writing
and shall be deemed to be delivered three (3) days after being deposited in the
United States Mail, postage prepaid, registered or certified mail, return
receipt requested, postage prepaid, addressed to the parties at the respective
addresses set forth below or at such other addresses as may have been
theretofore specified by written notice delivered in accordance herewith:

                      If to the Company:          PalWeb Corporation
                                                  1607 West Commerce Street
                                                  Dallas, Texas 75208

                      If to you:                  Ralph Curton, Jr.
                                                  P.O. Box 7027
                                                  Dallas, Texas 75209

         8.2      LOAN AGREEMENT. This Agreement constitutes a Loan Agreement,
and shall not create a partnership, joint venture, or other similar association
between any of the parties to this Agreement for federal or state tax purposes
or otherwise, and the parties agree to cause whatever elections or returns to be
filed which may be necessary to evidence or preserve such status.

         8.3      SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon
the Company and its successors and assigns and shall inure to the benefit of
your heirs, successors, and assigns, including each successive holder or holders
of the Note.

         8.4      SURVIVAL OF COVENANTS AND REPRESENTATIONS. All covenants,
representations, and warranties made by the Company and you shall survive the
closing and the delivery of this Agreement and the Note.

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         8.5      SEVERABILITY. Should any part of this Agreement for any reason
be declared invalid, such decision shall not affect the validity of any
remaining portion, which remaining portion shall remain in force and effect as
if this Agreement had been executed with the invalid portion thereof eliminated,
and it is hereby declared the intention of the parties hereto that they would
have executed the remaining portion of this Agreement without including any such
part(s), or portion(s) which may, for any reason, be hereafter declared invalid.

         8.6      GOVERNING LAW; VENUE. This Agreement and the Note shall be
governed by and be construed in accordance with the laws of the State of Texas.
VENUE FOR ANY ARBITRATION AND/OR LEGAL PROCEEDINGS ARISING OUT OF THIS AGREEMENT
AND/OR IN CONNECTION WITH THE NOTE SHALL BE EXCLUSIVELY DALLAS COUNTY, TEXAS.

         8.7      CAPTIONS. The descriptive headings of the various Sections or
parts of this Agreement are for convenience only and shall not affect the
meaning or construction of any provisions hereof.

         SECTION 9.        CONVERSION OF NOTE.

         9.1      RIGHT OF CONVERSION BY NOTEHOLDER. On or after six (6) months
after the date of this Agreement, the Noteholder shall have the right to convert
the principal of the Note into fully paid and non-assessable shares of the
Company's Common Stock at the rate of one (1) share for each $0.10 of debt
(principal amount) which is then due and owing by the Company to the Noteholder
at the time of such conversion. Such right shall be exercised by the surrender
of the Note to the Company at any time during the usual business hours at the
office of the Company, accompanied by written notice, executed by the Noteholder
of the Note, that the holder elects to convert the Note or any portion thereof
and specifying the name or names (with addresses and U.S. Federal Taxpayer
Identification Numbers) in which such certificate or certificates for Common
Stock are to be issued and (if so required by the Company) by a written
instrument or instruments of transfer in form satisfactory to the Company duly
executed by the Noteholder or its duly authorized legal representative and the
amount of funds required by the Company for transfer. For convenience, the
conversion of all or a portion, as the case may be, of the principal of the Note
into the Common Stock of the Company is hereinafter sometimes referred to. as
the conversion of the Note. All or a portion of the Note surrendered for
conversion shall, when surrendered to the Company, and all interest due thereon
is paid, be canceled, and subject to the next succeeding sentence, no Note or
Notes shall be issued in lieu thereof. In the case of the Note being converted
in part only, upon such conversion the Company shall execute and deliver to the
holder thereof a new Note in an aggregate principal amount equal to the
unconverted portion of the Note.

         9.1      RIGHT OF CONVERSION BY THE COMPANY. On or after two (2) years
after (he date of this Agreement, the Company shall have the right to convert
the principal of the Note into fully paid and non-assessable shares of the
Company's Common Stock at the rate of one (1) share for each $0.10 of debt
(principal amount) which is then due and owing by the Company to the Noteholder
at the time of such conversion. Such right shall be exercised by the delivery of

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the Stock to the Noteholder, accompanied by written notice, executed by the
Company, that the Company elects to convert the Note or any portion thereof into
Common Stock. For convenience, the conversion of all or a portion, as the case
may be, of the principal of the Note into the Common Stock of the Company is
hereinafter sometimes referred to as the conversion of the Note. All or a
portion of the Note converted shall be canceled, and subject to the next
succeeding sentence, no Note or Notes shall be issued in lieu thereof. In the
case of the Note being-converted in part only, upon such conversion the Company
shall execute and deliver to the holder thereof a new Note in an aggregate
principal amount equal to the unconverted portion of the Note.

         9.3      ADJUSTMENTS IN RESPECT OF UNPAID INTEREST. Conversion or
adjustment shall be permissible with respect to unpaid interest (interest
accrued on the Note, but unpaid by the Company, may be surrendered for
conversion).

         9.4      NO ADJUSTMENTS IN RESPECT OF DIVIDENDS. No payment or
adjustment shall be made upon any conversion on account of any dividends on the
Common Stock issued upon conversion.

         9.5      NO FRACTIONAL SHARES. No fractional shares or scrip
representing fractional shares shall be issued upon the conversion of the Note.
If the conversion of the Note results in a fraction, an amount equal to such
fraction multiplied by the conversion price of the Common Stock shall be paid to
such Noteholder in cash by the (company.

         9.6      SHARES TO BE RESERVED. The Company covenants that it will at
all times reserve and keep available out of its authorized Common Stock, solely
for the purpose of issue upon conversion of the Note as herein provided, such
number of shares of Common Stock as shall then be issuable upon the conversion
of the Note. The Company covenants that all shares of Common Stock so issuable
shall, when issued, be duly and validly issued and fully paid and
non-assessable.

         The Company covenants that, upon conversion of the Note as herein
provided, there will be credited to the appropriate Common Stock capital
accounts from the consideration for which the shares of Common Stock issuable
upon conversion are issued an amount per share of Common Stock so issued, as
determined by the Company, which amount shall not be less than the amount
required by law and by the Company's certificate of incorporation, as amended,
as in effect on the date of such conversion.

         9.7      REGISTRATION OF SHARES. The Company agrees that it shall use
its best effort to cause the Common Stock issued upon conversion of the Note to
be registered, and the Company shall pay all costs and fees in connection with
such registration. However, you understand and agree that such registration may
be denied by applicable governmental and regulatory agencies, and consequently,
the denial of such registration shall not constitute default by the Company
hereunder.

         THE EXECUTION HEREOF BY YOU SHALL CONSTITUTE A CONTRACT BETWEEN YOU AND
THE COMPANY FOR THE PURPOSES SET FORTH HEREIN, AND

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THIS AGREEMENT MAY BE EXECUTED IN ANY NUMBER OF COUNTERPARTS, AND EACH
EXECUTED COUNTERPART SHALL CONSTITUTE AN ORIGINAL, BUT ALL TOGETHER ONLY ONE
AGREEMENT.

                                 COMPANY:

                                 PALWEB CORPORATION,
                                 a Delaware corporation

                                 By:      /s/ Paul A. Kruger
                                          --------------------------------------
                                          Paul A. Kruger, Chairman of the Board

                                 NOTEHOLDER:

                                          /s/ Ralph Curton, Jr.
                                          --------------------------------------
                                          Ralph Curton, Jr.

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                                 EXHIBIT "A"

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                                 PROMISSORY NOTE
                                 ---------------
<TABLE>
<CAPTION>
<S>                                                        <C>
Date:                                                      December 1, 1999

Maker:                                                     PalWeb Corporation, a Delaware corporation

Maker's Mailing Address:                                   1607 West Commerce Street
                                                           Dallas, Texas 75208

Payee:                                                     Ralph Curton, Jr.

Place for Payment:                                         P.O. Box 7027
                                                           Dallas, Texas 75209

Principal Amount:                                          $500,000.00, or so much of said Principal Amount as
                                                           is advanced from time to time. $S00, 000.00 is the
                                                           maximum amount that may be borrowed by Maker under
                                                           this Note. As of today, Maker has received $25,000.00
                                                           and future advances are contemplated.

Annual Interest Rate on Unpaid Principal from Date:        8.5%

Annual Interest Rate on Matured, Unpaid Amounts:           8.5%

Terms of Payment (Principal and Interest):                 Quarterly payments of accrued interest shall be paid
                                                           on March 1, June 1, September 1, and December 1 of
                                                           each year, with a final payment of all accrued
                                                           interest and the Principal Amount due and payable on
                                                           or before December 1, 2001
</TABLE>

         Maker promises to pay to the order of Payee at the place for payment
and according to the terms of payment the Principal Amount plus all accrued
interest. All unpaid amounts shall be due by the final scheduled payment date.

         On default in the payment of this Note, the unpaid principal balance
shall become immediately due at the election of Payee. Maker and each surety,
endorser, and guarantor waive all demands for payment, presentation for payment,
notices of intention to accelerate maturity, notices of acceleration of
maturity, protests, and notices of protest. In the event of default in the
payment of this Note, the holder hereof may, at any time following default,

Page 1<PAGE>

                                                                    EXHIBIT 10.2

                          PERSONNEL STAFFING AGREEMENT

         Agreement made and entered into this __________ day of _______________,
19__, by and between ACCORD HUMAN RESOURCES, INC. ("Accord"), an Oklahoma
Corporation, and PLASTIC PALLET PRODUCTION COMPANY, INC.
("Company"), a Texas Corporation, with respect to the following:

         Accord is engaged in the business of providing personnel, related
employment planning and programs of human resource management, services and
reporting as hereinafter scheduled and agreed; and

         Company has previously provided Accord with a schedule of its current
staffing needs (the "Staffing Summary"), including gross payroll by job
classification; and such other information as has been requested by Accord prior
to execution of this Agreement; and

         Company wishes to engage Accord to provide certain employees and
services to Company.

         NOW, THEREFORE, for and in consideration of the premises, the mutual
promises and considerations herein expressed, and other good and valuable
consideration by each of the parties to the other furnished, the receipt,
adequacy and sufficiency of which is hereby acknowledged by each of the parties
hereto, it is hereby agreed by ad between Accord and Company as follows:

1.       DEFINITIONS. The following terms shall have the indicated meanings:

         1.1      "Effective Date" means 12:00 A.M. on the 17th day of January
1999.

         1.2      "Employees" means those individuals identified on the Employee
Schedule as employees of Accord.

         1.3      "Employee Handbook" means the handbook provided to each
Employee containing employment policies and procedures of Accord with respect to
the Employees, as updated from time to time pursuant to paragraph 7.4.

         1.4      "Employee Schedule" shall mean the schedule of Employees
delivered to Accord, pursuant to paragraph 2, as modified from time to time
pursuant to paragraph 6.5.

         1.5      "Employee Time Reports" means reports, prepared by Company and
provided to Accord from time to time for calculation of Gross Compensation due
nonexempt Employees.

<PAGE>

         1.6      "Employment Fee" means the fee for Accord's services
hereunder, as provided in paragraph 4 below.

         1.7      "FICA" means the Federal Insurance Contributions Act,
regulations issued thereunder, the interpretations thereof, as in effect from
time to time throughout the term of this Agreement.

         1.8      "Gross Compensation" means, for each Pay Period, with respect
to each exempt Employee, the amount so designated on the current Employee
Schedule, and with respect to each nonexempt Employee, the number of hours
worked by such Employee during such Pay Period times such Employee's hourly wage
as designated on the current Employee Schedule, adjusted to the applicable rate
with respect to overtime, as provided in the Employee Handbook. Additionally,
the Gross Compensation shall include the gross compensation applicable for any
other amounts paid to an Employee or with respect to such Employee's employment,
including, but not limited to commissions, accrued vacation, sick, holiday, or
severance pay.

         1.9      "Managing Authority" shall mean the applicable managing
authority of Company and each individual member of any organizational body which
is the managing authority of the Company, including, but not limited to the
owner of a sole proprietorship, the board of directors and each director of a
corporation, each manager of a limited liability company, each partner of a
partnership, and any other individual or organizational body who is individually
or collectively responsible for the affairs of the Company.

         1.10     "Net Compensation" means, for each Pay Period for each
Employee, Gross Compensation for such Employee less federal, state, and local
withholding, FICA, and all other applicable payroll deductions.

         1.11     "Payday" shall mean, for each Pay Period, with respect to each
exempt Employee, the last day of the Pay Period, and with respect to each
nonexempt Employee, the last business day of the next following Pay Period.

         1.12     "Pay Period" means, for each Employee, the period of
employment included for calculation of such Employee's Gross Compensation from
time to time as follows:
         (SELECT  ONE)

         _________ Weekly, beginning at 12:01 a.m. on ____________ of each week
         and ending at 12:00 Midnight on the following ____________ ; or

             X     Bi-Weekly, beginning at 12:01 a.m. on a given Monday and
         ending at 12:00 Midnight on the second following Sunday; or

                                       2
<PAGE>

         _________ Semi-monthly, beginning and ending at times mutually agreed
         on by Accord and Company.

         1.13     "Report Date" means the third business day prior to each
scheduled Payday.

         1.14     "Third-Party Employer" shall mean any third party who provides
or has provided employee leasing services or personnel staffing services to
Company.

2.       TERMINATION OF EMPLOYEES BY COMPANY AND EMPLOYMENT BY ACCORD. Company
has, as of the date hereof, delivered the Employee Schedule to Accord,
containing certain personal and employment information regarding each current
employee of Company. Effective at the commencement of business on the Effective
Date, Company shall terminate and Accord shall employ all employees of Company
named on the Employee Schedule. This Agreement shall not cover any person
employed by the Company on or prior to the Effective Date who is not named on
the Employee Schedule.

3.       EMPLOYEE SCHEDULE. Company engages Accord, and Accord agrees to provide
Employees to meet the staffing needs of Company, as Company may advise Accord
from time to time, pursuant to the terms and conditions of this Agreement.

4.       EMPLOYEE FEE. In consideration for its services hereunder, Company
shall pay Accord the Employment Fee, which shall be an amount, for each Pay
Period, equal to a given percentage of the Gross Compensation of all Employees
during such Pay Period. Such percentage shall be determined as per the following
schedule:

                  CLERICAL EMPLOYEES (W/C CODE 8810)           -    112.04%
                  MACHINE SHOP EMPLOYEES (W/C CODE 3632)       -    117.69%

         The Employment Fee has been determined on the basis of Company's
current business operation and the job classification of its current employees
for worker's compensation purposes, and current law, regulation, and worker's
compensation insurance rates affecting Accord's employment costs, and shall be
adjusted for any increase in taxes, amounts payable under FICA, worker's
compensation rates or other costs imposed on Accord as a result of changes in
Company's business, or in law or regulation related to the employer/employee
relationship of Accord and the Employee.

5.       SUPERVISION OF EMPLOYEES.

         5.1      CONTROL OF OPERATIONS. Company shall at all times have
exclusive control of its planning and operations. Control shall be exercised on
behalf of the Company by the Managing Authority. Any and all actions taken by
the Managing Authority with respect to the planning and operations of the
Company shall be deemed taken by or on behalf of the Company, and not by Accord.
Neither this Agreement, nor the fact that one or more individuals who are
members of the Managing Authority may be

                                       3
<PAGE>

Employees hereunder shall be deemed to grant to Accord any right or
authority, or place upon Accord any duty or responsibility, to direct the
planning or operations of the Company. Notwithstanding any relationship of
employer/employee between Accord and owner, director, manager, partner or
officer of the Company, actions taken by any such person when acting in the
capacity of Managing Authority or with respect to matters related to the
planning and operations of Company shall be the sole responsibility of
Company, and Company indemnifies Accord against loss, cost, claim or expense
resulting from any action of any such person acting in such capacity, and
from any action of any Employee acting pursuant to the direction of the
Managing Authority or with respect to matters related to the planning and
operations of Company.

         5.2      CONTROL OF EMPLOYEE JOB PERFORMANCE. Subject to the overall
control of the business and affairs of the Company to be exercised by Company
pursuant to paragraph 5.1 of this Agreement, Accord shall have authority and
responsibility for control of job performance by the Employees and shall control
the day-to-day activities of the Employees. Accord shall exercise such control
through its duly authorized officers and agents, including, but not limited to
on-site supervisors. In the exercise of its rights and obligations hereunder
with respect to the Employees, Company shall take no action or omit to take any
action, the result of which would be to place Accord in violation of the
policies and procedures set forth in the Employee Handbook, or any applicable
laws, rules and regulations.

         5.3      EMPLOYMENT MATTERS. Accord shall have the exclusive authority
to adjust compensation of Employees, and to hire, discharge, or discipline
Employees for failure to perform job requirements or comply with policies of
Accord. Accord may, at its option, designate one or more of the Employees as
on-site supervisors, with such responsibilities and authority to act on behalf
of Accord as Accord may deem appropriate.

6.       PAYMENT PROCEDURES.

         6.1      TIME REPORTS. On or before each Report Date, Company shall
provide Accord with an Employee Time Report and all other information necessary
to compute the Gross Compensation for the prior Pay Period for all nonexempt
employees.

         6.2      COMPENSATION CALCULATION. On or before the business day
following each Report Date, Accord shall provide Company with its computation,
for each Employee, of the Gross Compensation due on the next Pay Day and the
applicable Employment Fee. Company shall, within 24 hours following receipt of
such information, notify Accord of any adjustments or modifications necessary,
and provide such information and documentation as Accord may reasonably require
to make such adjustments or modifications. All payments for any partial Pay
Period during which any exempt Employee shall be provided to Company shall be
prorated.

         6.3      PAYMENTS BY COMPANY. On or before the day prior to each
Payday, Accord shall transfer funds by automated payment from Client's
established bank

                                       4
<PAGE>

account in an amount equal to the Gross Compensation plus the Employment Fee
for each Employee for the applicable Pay Period. Client agrees to complete
within sixty (60) days of the date of this Agreement an "Authorization for
Automated Payment of Payroll Deposit Form" which shall be provided by Accord.
Until automated transfer of funds is established, Client agrees to make
payments to Accord by wire transfer or cashier's check on or before Payday.

         6.4      PAYMENTS BY ACCORD. On each Payday, Accord shall pay each
Employee an amount equal to the Net Compensation for such Employee for the
applicable Pay Period. Payment shall be made by delivery of Accord's payroll
check to Company for delivery to the Employee, or by direct deposit to
Employee's bank account, if Accord has established a direct deposit service with
such Employee's bank and if such Employee has timely elected such service.

         6.5      EMPLOYEE SCHEDULE ADJUSTMENTS. The Employee Schedule will be
adjusted from time to time as necessary to reflect additions and cancellations
of Employees subject to this Agreement and changes in wages, salaries, job
descriptions, job locations, and other information set forth therein.

7.       ACCORD'S REPRESENTATIONS, WARRANTIES, AND COVENANTS. Accord represents,
warrants and, provided Company is not in default in performance of any
obligation hereunder including but not limited to the payment of the Employment
Fee, covenants as follows:

         7.1      EMPLOYEE PAYMENTS. Throughout the term of this Agreement,
Accord shall pay all salaries, wages, and other remuneration to its Employees as
set forth in the Employee Schedule.

         7.2      WORKERS' COMPENSATION INSURANCE. Throughout the term of this
Agreement, Accord shall provide workers' compensation insurance coverage. Accord
shall provide Company a copy of its certificate of insurance evidencing such
coverage upon request.

         7.3      HEALTH INSURANCE AND OTHER BENEFITS. Throughout the term of
this Agreement, Accord shall provide each Employee health and other benefits as
may be agreed upon by Accord and Company from time to time.

         7.4      EMPLOYEE HANDBOOK. Accord shall provide each Employee with an
Employee Handbook at the time of employment, and written updates on the Employee
Handbook on or before the effective date of any modifications in Accord's
employment policies and procedures.

         7.5      TAX RETURNS AND PAYMENTS. Throughout the term of this
Agreement and thereafter with respect to any periods during which this Agreement
was in effect, Accord shall prepare and file all tax returns and reports with
respect to its Employees as may be required by law or regulation and pay all
amounts due and owing pursuant thereto.

                                       5
<PAGE>

         7.6      EMPLOYEE TAX FORMS. Accord shall prepare, file and furnish to
Employees, with a copy to Company, all information regarding compensation and
other benefits paid to Employees throughout the term of this Agreement and tax
reporting forms required by law or regulation with respect to such compensation
and benefits, including but not limited to all forms applicable to the Employees
which are required by federal, state, and local governments to be provided by an
employer to an employee, including U.S. Department of the Treasury, Internal
Revenue Service, Forms W-2 (Wage and Tax Statement), W-4 (Employee's Withholding
Allowable Certificate); 1099 (as and if applicable); and comparable and/or
counterpart forms prescribed by any state or local government.

         7.7      EMPLOYER TAX FORMS. Accord shall prepare and file all tax
reporting forms required of Accord with respect to the Employees, including but
not limited to forms required by federal, state, and local governments,
including United States Department of the Treasury, Internal Revenue Service
Form 941 (Employer's Quarterly Federal Tax Return for Federal Income Tax
withheld from Wages and Federal Insurance Contributions Act Taxes); Form 940
(Employer's Annual Federal Unemployment Tax Return); and comparable and/or
counterpart forms prescribed by any state or local government.

         7.8      INDEMNITY. Accord shall defend, indemnify and hold Company
harmless of and from all claims by Employees resulting from any breach of this
Agreement by Accord except if such breach is the result of negligence of
Company, willful acts of the Company, any illegal act of Company, or breach of
this Agreement by Company.

         7.9      FIDUCIARY LIABILITY. Accord shall provide Company with
evidence of insurance for fiduciary liability covering loss which might result
from a loss of Employee funds held by Accord in a fiduciary capacity.

         7.10     CONFIDENTIALITY. Information regarding the business plans and
operations of Company and the Employees shall be confidential, and Accord shall
not disclose any such information without the prior consent of Company;
provided, that Accord shall have no obligation with respect to, or liability as
a result of, disclosure of any such information by any Employee.

8.       COMPANY'S REPRESENTATIONS, WARRANTIES, AND COVENANTS. Company
represents, warrants and convenants to Accord, and for the benefit of the
Employees, as follows:

         8.1      COMPANY'S OBLIGATIONS TO EMPLOYEES. (i) all wages and
compensation, leave, vacation, severance, and other benefits of the Employees
accrued prior to the Effective Date for which Company is responsible and
obligated have been paid in full; (ii) Company has no employment contract,
written or verbal, with any Employee; (iii) there are no separate contracts,
Agreements, or other arrangements existing with respect to the Employees as a
group or any of them which would bind or obligate Accord, except as expressly
set forth herein; (iv) the principal location of the workplace

                                       6
<PAGE>

of each Employee and each location where such Employee performs services for
Company is accurately described on the Employee Schedule; and (v) all
pension, profit sharing, or other employee benefit plans existing at the
Effective Date are current and in compliance with applicable law, and
execution of this Agreement shall not be deemed a breach under the terms of
those plans.

         8.2      COMPENSATION. Neither Company nor any affiliate of Company
shall, during the term of this Agreement, pay any Employee any wage, salary,
bonus, or other compensation, directly or indirectly.

         8.3      INFORMATION. As of the Effective Date, and throughout the term
of this Agreement, all information provided by the Company in contemplation of
this Agreement or pursuant hereto, including but not limited to employee lists,
job descriptions and classifications, compensation, benefits, Employee
Schedules, and Employee Time Reports is and shall be true and correct.

         8.4      WORKPLACE. Company is currently in compliance with all local,
state, and Federal laws and regulations applicable to the workplace in which
each Employee performs his work. Company shall provide the workplace and all
tools, equipment, and supplies necessary for the operation of Company's business
for all Employees and shall at all times during the term hereof: (i) maintain
the same in strict accordance with applicable health and working standards and
specifications; (ii) comply with and provide all health and safety equipment and
working conditions required by all health and safety engineering and
governmental health and safety laws, rules, regulations, directives, orders or
similar requirements respecting the workplace; (iii) post all Employee notices
required by law; (iv) provide accommodations for disabled workers as may be
required by law or regulation; and (v) provide, or allow Accord to provide, all
documentary announcements to Employees which are required by law or specified in
conjunction with the work of the Employees.

         8.5      ACCESS TO WORKPLACE. Company shall provide Accord or its
designees access, at any reasonable time during customary business hours to the
business premises of Company to assure compliance by Company with its
obligations hereunder.

         8.6      LIABILITY INSURANCE. Company shall maintain in force and
effect and pay for commercial general liability insurance (including business
premises and vehicles). Such insurance shall insure Accord and Company against
public liability for bodily injury and property damage with a minimum combined
single limit of ONE MILLION AND NO/100 dollars ($1,000,000.00). If "no fault"
law shall be applicable, P.I.P. or equivalent coverage shall apply. Company
shall cause its insurance carrier to name Accord as an additional insured and
issue a certificate of insurance to Accord providing not less than thirty (30)
days advance written notice shall be provided to Accord of any reduction,
cancellation, expiration or material change occurring after the effective date
of this Agreement.

                                       7
<PAGE>

         8.7      PROFESSIONAL LIABILITY INSURANCE. If any Employee subject to
this Agreement is a professional engaged to render services in a professional
capacity, Company shall provide and pay for malpractice or equivalent insurance
which shall cover any and all acts, errors or omissions, including, but not
limited to, the negligence of the professional Employee and Accord while such
Employee is rendering professional services for, on behalf or relating to
Company. Company shall cause Accord to be named as an additional insured and
shall provide for the issuance of a certificate of insurance to Accord providing
that not less than thirty (30) days advance written notice shall be provided to
Accord by registered mail of any reduction, cancellation, expiration or material
change occurring after the Effective Date.

         8.8      EXISTING INSURANCE. Unless otherwise specifically agreed in
writing by Accord, Company shall maintain in full force and effect at all times
during the term of this Agreement, all insurance required under this Agreement
and all property, fire and liability insurance (other than workers' compensation
insurance) existing as of the Effective Date. Company further agrees to cause
Accord to be named as an additional insured with respect to each such policy of
insurance.

         8.9      INDEMNITY. Company shall defend, indemnify and hold Accord
harmless of and from all loss, costs, claims, and expenses resulting directly or
indirectly from (i) breach of any representation or warranty, or failure to
perform any obligation of Company under this Agreement, (ii) any claim or cause
of action of any current or former employee of Company, and (iii) any act or
omission of any Employee in the conduct of or related to Company's business,
except if such loss, cost, claim or expense is the result of negligence of
Accord, any illegal act of Accord, or any breach of this Agreement by Accord.

         8.10     EMPLOYEE SUITABILITY. Company has conducted, with respect to
each current Employee, and will conduct with respect to each additional
Employee, such skills testings, interviews, background investigations and other
review of the suitability of such Employee as it determines necessary. Accord
shall have no obligation or liability to Company with respect to the suitability
of any Employee for his or her job responsibilities or for any act of or
omission of any Employee. Accord may, at its option, conduct such testing and
background investigations as it may deem appropriate.

         8.11     NO LITIGATION. Except as previously disclosed to Accord in
writing, there is no action, suit, proceeding or investigation pending, or to
the knowledge of Company threatened against Company related to the Employees or
the Company's employer/employee relationship with the Employees. Company will
advise Accord promptly upon the inception of any such action, suit, proceeding,
investigation or threat thereof.

         8.12     COMPLIANCE APPLICABLE LAW. Company has not violated any
applicable statute or regulation in any respect, which would adversely affect
the Employees or Company's existing employment relationship with the Employees.
Company is and

                                       8
<PAGE>

shall remain in compliance with all statutes, regulations, and executive
orders respecting Employees and employment practices.

         8.13     FIDELITY BONDS. Company shall advise Accord of any Employee
with access to cash or other property of Company or of any third party property
within the control of Company, and shall obtain a fidelity bond naming Company
and Accord as insured with respect to each such Employee.

         8.14     NOTICE OF TERMINATION. Company has given all notices and taken
all actions required of Company under Work Adjustment and Retraining
Notification Act and any other law or regulation pertaining to plant closing.

         8.15     NOTICE OF CLAIMS. Company shall promptly advise Accord of
unsatisfactory job performance of any Employee, and of any claims of
discrimination, sexual harassment, or other improper conduct of an Employee.

         8.16     EMPLOYEE SICKNESS, ACCIDENT AND/OR INJURY. Company shall
notify Accord immediately of any Employee sickness, accident or injury and
provide Accord with all information required by the applicable state and federal
regulatory agencies.

9.       TERM OF AGREEMENT.

         9.1      TERMINATION AND EXTENSION. Unless sooner terminated as
hereinafter provided, this Agreement and the rights and obligations of the
parties shall commence at the Effective Date, and shall extend for a period of
one year. Either party may elect to cause the Agreement to expire as of the end
of the original or any extended term of this Agreement, by notifying the other
party of its intent to terminate the Agreement not less than thirty (30) days
prior to the expiration of the then current term of the Agreement. Unless so
terminated, at the expiration of the original or any extended term of this
Agreement, this Agreement shall be automatically extended for an additional
year. Upon expiration of this Agreement, Company shall have no right to extend
or retain the services of Accord.

         9.2      EARLY TERMINATION. This Agreement may be terminated prior to
the then effective expiration date, at the election of company, upon 90 days
advance written notice to Accord; and at the election of Accord, immediately in
the event of any breach of the terms and provisions hereof by Company.

         9.3      EMPLOYEE TERMINATION. Company may terminate this Agreement
with respect to any Employee upon notice to Accord.

         9.4      LIMITATIONS. If termination of this Agreement, or termination
with respect to any Employee, would result in termination of any Employee by
Accord, Company's right to terminate shall be subject to any contractual
restriction on termination between Accord and such Employee, any other
restrictions on termination of employment imposed by law, and to such Employee's
rights to notice, hearing, and other procedures

                                       9
<PAGE>

as may be required by law or regulation or as may be provided in the Employee
Handbook.

         9.5      OBLIGATIONS OF THE PARTIES. Upon termination of this
Agreement, Accord's obligation to provide employee staffing services shall
terminate. For any period of employment prior to termination, Accord shall pay
Employees, make payments to third parties in respect of such employment, and
complete its accounting and reporting duties. Upon the termination of employment
of any Employee, Accord shall provide all legally required notices (including,
without limitation, and where applicable, notices required by COBRA, WARN and
state insurance laws). If a terminated Employee is entitled to any accrued
vacation, sick or holiday pay, commissions, or other amounts in respect of his
employment, Accord shall pay such amounts. Company shall indemnify and hold
Accord harmless from any claim, cost, expense, or other loss resulting from
termination by Company of this Agreement, or termination with respect to any
Employee (except to the extent any such claim, cost, expense, or other loss is
the result of action by Accord which is contrary to the provisions of this
Agreement or applicable law or regulations), including, but not limited to any
such claim, cost, expense, or other loss resulting from termination of any
Employee or modification of the duties, responsibilities, or compensation of any
Employee; the occurrence of a qualifying event under I.R.C. Section 4980B with
respect to anY such Employee; and any obligation to compensate such Employee for
accrued vacation and sick leave. On termination of this Agreement, regardless of
how occurring, each of the parties shall do all things necessary or requisite to
conclude the business relationship and comply with Employee and employer payment
and reporting obligations.

10.      EXISTING EMPLOYEE BENEFIT PLANS. Notwithstanding the fact that the
Employees are to be employed by Accord in accordance with the terms and
provisions of this Agreement, the Employees may, for purposes of the Internal
Revenue Code of 1986, the Internal Revenue Service, the United States Department
of Labor and other governmental and state agencies, be considered to be the
employees of the Company. Accordingly, to the extent that the Company has or
continues to sponsor or participate in any type of employee benefit plan,
program or arrangement, which plans would include by example, and not by
limitation, employee benefit plans as defined under Section 3(3) of ERISA
including all defined contribution and defined benefit plans, vacation,
severance, health, welfare, holiday or any other employee welfare or fringe
benefit program sponsored by the Company, such Employees may be required to be
covered under such employee benefit plans, programs, or arrangements on a
prospective basis. Company will seek its own advise and will be solely
responsible regarding the continuation, termination and the payment of benefits
under all such employee benefit plans, programs or arrangements.

11.      GENERAL.

         11.1     WAIVER OF COVENANT, CONDITION, OR REMEDY. The waiver of
performance of any covenant, condition or promise shall not invalidate this
Agreement, nor shall it be considered a waiver of any other covenant,
condition or promise. The exercise of any

                                       10
<PAGE>

remedy provided in this Agreement shall not be a waiver of any consistent
remedy provided by law, and the provisions in this Agreement for any remedy
shall not exclude other consistent remedies unless they are expressly
excluded.

         11.2     INTERPRETATION OF AGREEMENT. This Agreement shall be
construed in accordance with the laws of the State of Oklahoma. Captions and
organization are for convenience and shall not be used in construing meaning.
Time is of the essence in this Agreement. Each provision contained in the
Agreement shall be independent and severable from all other provisions
contained herein, and the invalidity of any such provision shall in no way
affect the enforceability of the other provisions.

         11.3     ENTIRE AGREEMENT. Any proposal, bid, offer, or other prior
discussion or communication regarding the subject matter of this Agreement is
preliminary in nature, is superseded by this Agreement, and is intended
solely for the purpose of discussion and evaluation. This Agreement
constitutes the entire Agreement between the parties. No other Agreement,
statement or promise, or modification or amendment of this Agreement shall be
binding unless in writing and signed by both parties to this Agreement. If
any provision of this Agreement shall contravene or be invalid or
unenforceable under the laws of the State of Oklahoma, the remaining
provisions of this Agreement shall not be affected thereby.

         11.4     ATTORNEY'S FEES. If any action is brought upon this
Agreement, in addition to any other award made to it, the prevailing party
shall be entitled to recover its reasonable attorneys' fees and costs of suit.

         11.5     SUCCESSORS AND ASSIGNMENT. The rights and obligations
contained in this Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective successors. This Agreement is
personal to the parties hereto and expressly declared to be non-assignable.
Any assignment or attempted assignment of the rights hereunder shall be null,
void and of no force and effect.

         11.6     AMENDMENTS. This Agreement can be amended or modified only
by written Agreement between the parties.

         11.7     NOTICES. All notices and demands shall be given in writing
by mail or by facsimile transmission confirmed by mail posted within 24 hours
of the transmission. All facsimile transmissions shall be made between 8:00
A.M. and 5:00 P.M. Monday through Friday except on banking holidays in the
State of Oklahoma. All notices, demands, and confirmations by mail shall be
made by certified mail, postage prepaid, return receipt requested. Notice
shall be considered given when mailed, or when transmitted, as applicable.
Unless otherwise advised in writing by the other party, each party shall
transmit notices and demands as follows:

                                       11
<PAGE>

TO COMPANY:                                 TO ACCORD:

By Mail:                                    By Mail:
Plastic Pallet Company, Inc.                Accord Human Resources, Inc.
1607 W. Commerce Street                     210 Park Avenue, Suite 1200
Dallas, TX 75208                            Oklahoma City, OK 73102
By Telecopier: (214) 745-4578               By Telecopier: (405) 232-9899

         11.8     NO PARTNERSHIP OR JOINT VENTURE. Nothing herein contained
shall be deemed to create a joint venture or partnership between Company and
Accord.

         11.9     WAIVER OF SUBROGATION. The parties each hereby waive any
claim which it or anyone claiming through, or under it, by subrogation or
otherwise, might now or hereafter have against the other party on account of
any loss or damage which is insured against, to the extent that such loss or
damage is recovered under policies of insurance required to be provided
hereunder. Each party agrees to immediately give each insurance carrier
providing any such policy written notice of the terms of the mutual waiver
described above, and to have said insurance policies properly endorsed to
reflect such waiver. Each party shall cause its insurance carrier to provide
written evidence of said waiver.

         IN WITNESS WHEREOF, the parties hereto have signed and executed this
Agreement on the date herein first above written.

ACCORD:                                ACCORD HUMAN RESOURCES, INC.
                                       an Oklahoma Corporation

                                       By:
                                             -----------------------------------
                                             Vice President
ATTEST:

-----------------------------
Assistant Secretary (SEAL)

COMPANY:                               PLASTIC PALLET PRODUCTION COMPANY, INC.

                                       By:   /s/   Michael John
                                             -----------------------------------
                                             President
-------
ATTEST:

-----------------------------
Secretary (SEAL)

                                       12

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