Document:

EXHIBIT 10.3

CONSULTING AGREEMENT

between

Q-Seven Systems, Inc.
1800 East Sahara Ave.
Las Vegas, Nevada
herein referred to as "PRINCIPAL"

and

Barry A. Ellsworth
6337 Highland Drive
Salt Lake City
Utah 84121
herein referred to as "CONTRACTOR"

Dated:  May 27, 1999

General Provisions

The PRINCIPAL is a publicly traded company  registered on the OCT Bulletin Board
in the U.S.  It's officers and directors are residents of Germany and have never
been involved with a public company  before.  They are also  unfamiliar with the
public stock markets and financial environment in the U.S. Therefore,  they seek
support  and  counsel in  handling  their  investor  relations  in the U.S.;  in
structuring  a pension  and profit  sharing  program  for  themselves  and their
employees; as well as other matters.

The CONTRACTOR  has the necessary  experience and the capability to provide said
counsel and is willing to consult with PRINCIPAL in the  aforementioned  matters
as well as helping to maintain open and friendly  relations with the PRINCIPAL's
investors and shareholders.

In consideration of these provisions, the parties agree as follows:

(1)      Contractor's duties

CONTRACTOR will make his experience and knowledge about the Public Stock Markets
in the U.S. and abroad;  pension and profit sharing plans,  investor  relations;
etc. available to the PRINCIPAL. The CONTRACTOR will be of assistance in writing
and publishing  press releases;  writing and publishing  stock related  articles
about the PRINCIPAL and will consult in matters  concerning the laws (CONTRACTOR
is not an  attorney  and  will do this  only to the  best of his  knowledge  and
understanding) and regulatory bodies within the U.S., or will seek legal counsel
for and on behalf of the PRINCIPAL on such matters. In addition,  the CONTRACTOR
will assist PRINCIPAL in establishing a branch office in the U.S. This includes,
but is not limited to, assistance in finding office

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<PAGE>

space,  hiring  employees,  establishing  bank  accounts  and  conducting  other
activities necessary to establish a branch office.

(2)      Consulting Fees

PRINCIPAL will pay to CONTRACTOR a monthly consulting fee of twenty five hundred
dollars USD ($2500.00)  for said  services.  This amount may be increased at any
time  during  the  terms  of this  Agreement.  All  taxes  are to be paid by the
CONTRACTOR.  In addition,  the  CONTRACTOR  will be reimbursed  for all expenses
directly  related to his consulting  activity.  All expenses have to approved by
the PRINCIPAL in advance.  CONTRACTOR may also be paid  commissions by PRINCIPAL
for any sales made by CONTRACTOR of PRINCIPAL's products or services.

All payments to the CONTRACTOR are due at the end of each month.

(3)      Contractor's limitations

The CONTRACTOR may not act on behalf of PRINCIPAL in  relationships to any third
party or to  employees  of the  PRINCIPAL  unless  expressly  authorized  by the
President or any Member of the Board of the PRINCIPAL. This especially includes,
but is not  limited  to,  making  statements  to the  public  in the name of the
PRINCIPAL.

(4) Contractor to be seen as an Independent Contractor.

CONTRACTOR shall provide services as an independent contractor, and shall not be
defined  as an  employee  or as an  affiliate  of  PRINCIPAL  or of any  company
affiliated with PRINCIPAL.

(5)      Nondisclosure

The  CONTRACTOR  hereby  agrees  not to make any plans,  trade  secrets or other
confidential information about the PRINCIPAL known to any third party unless the
plans,  trade  secrets or other  confidential  information  has been made public
before or unless he is expressly  authorized  by the  President or any Member of
the Board of the PRINCIPAL.  During the period of this Agreement, the CONTRACTOR
will not  compete  with the  PRINCIPAL,  for his own benefit or the benefit of a
third  party,  in any of the  PRINCIPAL's  fields of  business.  This  expressly
includes but is not limited to running online casinos and selling software, that
is capable of operating online casinos other than the PRINCIPAL's.

(6)      Term of Agreement

The term of this  Agreement  shall be for as long as the  PRINCIPAL  remains  in
business, beginning from the date of execution of this Agreement.  PRINCIPAL may
not terminate services of

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<PAGE>

CONTRACTOR  during the term of this Agreement,  unless CONTRACTOR has been found
by a court of law  having  competent  jurisdiction  to have been  untruthful  or
misleading  to any third party  concerning  the business of  PRINCIPAL  that has
brought harm to PRINCIPAL;  acting in a fraudulent  manner; or grossly negligent
in his duties in any other way.

(7)      Entire Agreement

This Agreement reflects the entire  understanding of the parties with respect to
the subject matter of this Agreement and no supplementary agreements exists. All
additions and  modifications  of this  Agreement  have to be in written form and
require the approval of both parties.

Any invalid portion of this Agreement will not affect the validity of the entire
agreement. The parties will replace the invalid portion with a provision meeting
their original understanding.

The laws of the State of Nevada will govern this Agreement and its execution.

In witness thereof, the parties have caused this Agreement to be executed on the
date first stated above by their duly authorized representatives.

CONTRACTOR                                   PRINCIPAL

/s/ Barry A. Ellsworth                       /s/ Ph. Kriependorf
----------------------                       ----------------------
Barry A. Ellsworth                           Philipp Kriependorf
6337 Highland Drive                          frohnkamp 18
Salt Lake City, Utah 84121                   Monheim,, Germany 40789

                                        3<PAGE>

                                                                  EXHIBIT 10.42B

          Hawker Pacific Aerospace -- 1999 Annual Report on Form 10-K

            Exhibit 10.42B -- Heller Financial Loan Amendment No. 3

                           WAIVER AND AMENDMENT NO. 3

                                       TO

               LOAN AND SECURITY AGREEMENT AND RELATED DOCUMENTS
               -------------------------------------------------

          This Waiver and Amendment No. 3 to Loan and Security Agreement (this

"Amendment") is entered into as of February 16, 2000 among HAWKER PACIFIC
----------
AEROSPACE, a California corporation ("U.S. Borrower"), HAWKER PACIFIC AEROSPACE
                                      -------------
LIMITED, a company organized under the laws of England and Wales ("U.K.
                                                                   ----
Borrower" and, collectively with U.S. Borrower, "Borrowers"), the financial
--------                                         ---------
institution(s) listed on the signature pages hereof and their respective
successors and Eligible Assignees (each, individually, a "Lender" and,
                                                          ------
collectively, "Lenders"), HELLER FINANCIAL, INC., a Delaware corporation, as a
               -------
Lender and as Agent for Lenders ("Agent"), and NMB-HELLER LIMITED, an Affiliate
of Agent domiciled in the United Kingdom, as Funding Agent and Collateral Agent
("NMB-Heller").
  ----------

                                   RECITALS;
                                   --------

          WHEREAS, Borrowers, Lenders, Agent and NMB-Heller are parties to a
Loan and Security Agreement dated as of December 22, 1998 (as heretofore, now,
or hereafter amended, supplemented, restated or otherwise modified, the "Loan
                                                                         ----
Agreement"); and
---------

          WHEREAS, Borrowers, Lenders, Agent and NMB-Heller are also parties to
Waiver and Amendment No. 1 to Loan and Security Agreement dated as of October
21, 1999 (as heretofore, now, or hereafter amended, supplemented, restated or
otherwise modified, the "First Amendment") and Waiver and Amendment No. 2 to
                         ---------------
Loan and Security Agreement dated as of December 10, 1999 (as heretofore, now,
or hereafter amended, supplemented, restated or otherwise modified, (the "Second
                                                                          ------
Amendment"));
---------

          WHEREAS, pursuant to Section 7.3(A) of the Loan Agreement, Borrowers
are prohibited from selling assets outside the ordinary course of business;

          WHEREAS, pursuant to the First Amendment, Borrowers agreed that (a)
Capital Expenditures for the first fiscal quarter of Fiscal Year 2000 would not
exceed $650,000 and (b) on or prior to January 15, 2000 Borrowers would obtain a
letter of intent for the purchase of Borrowers;
<PAGE>

          WHEREAS, pursuant to the Second Amendment, Borrowers agreed, among
other things, that on or prior to January 15, 2000, Borrowers would obtain a
Second Junior Investment of at least $1,000,000 or such greater amount not to
exceed $3,000,000 as deemed necessary by Agent;

          WHEREAS, Borrowers agreed to sell nose landing gear installation
assembly, part no. 162U0100-51, L/H wing landing gear installation assembly,
part no. 161U0100-31, R/H wing landing gear installation assembly, part no.
161U0100-39, R/H body landing gear installation assembly, part no. 161U0100-40,
and various hydraulic components (collectively, the "Quantas Assets") to Quantas
                                                     --------------
Airways Limited outside of the ordinary course of business in violation of
Section 7.3(A) of the Loan Agreement, causing an Event of Default under Section
8.1(C) of the Loan Agreement (the "Quantas Sale Default");
                                   --------------------

          WHEREAS, Borrowers have failed to comply with the other covenants
described in the preceding clauses and such failures also constitute Events of
Default under the Loan Agreement (collectively with the Quantas Sale Default,
the "Existing Defaults"); and
     -----------------

          NOW, THEREFORE, in consideration of the terms and conditions set forth
herein, and for other good and valuable consideration, the sufficiency of which
is hereby acknowledged, the parties agree as follows:

          1.   Definitions.  Unless otherwise defined herein, capitalized terms
               -----------
used in this Amendment shall have the meanings ascribed to such terms in the
Loan Agreement, the First Amendment and the Second Amendment.

          2.   Limited Waiver of Lenders.  Lenders hereby waive the Existing
               -------------------------
Defaults.

          3.   Amendment to Loan Documents.  The parties agree to amend the Loan
               ---------------------------
Documents as follows:

               (a)  The Financial Covenants Rider to the Loan Agreement is
                    -----------------------------
          hereby amended by deleting paragraph C of the Financial Covenants
          Rider in its entirety and replacing it with the following:

                    C.   Capital Expenditure Limits.  The aggregate amount of
                         --------------------------
          all Capital Expenditures, Capital Leases with respect to fixed assets
          of Borrowers and their Subsidiaries (which shall be considered to be
          expended in full on the date such Capital Lease is entered into) and
          other contracts with respect to fixed assets initially capitalized on
          any Borrower's or any Subsidiary's balance sheet prepared in
          accordance with GAAP (which shall be considered to be expended in full
          on the date such contract is entered into) (excluding, in each case,
          expenditures for trade-ins and replacement or substitution of assets
          to the extent funded with (i) casualty insurance proceeds or (ii) the
          proceeds of Asset Dispositions approved by Agent under Section
          7.3(A)(ii)(1) of the Loan Agreement) will not exceed the amount set
          forth below for each period set forth below.
<PAGE>

<TABLE>
<CAPTION>
           Period                                              Amount
           ------                                              ------
<S>                                                    <C>
   September 30, 1999 through
     December 31, 1999                                       $2,610,000

   first fiscal quarter in Fiscal Year 2000                  $1,445,000

   each fiscal quarter thereafter
     in Fiscal Year 2000                                     $  700,000

   Fiscal Year 2001 and
     each Fiscal Year thereafter                             $3,000,000
</TABLE>

          The Capital Expenditure Amounts set forth above for the periods of
          September 30, 1999 through December 31, 1999 and for the first fiscal
          quarter in Fiscal Year 2000 shall each be increased by thirty percent
          (30%) of the amount by which the actual Junior Investment exceeds
          $6,000,000.

               (b)  Section 4(d)(v) of the First Amendment is hereby amended by
                   ---------------
     replacing "January 15, 2000" with "March 15, 2000."

               (c)  Section 4(b) of the Second Amendment is hereby amended by
                   ------------
     replacing "January 15, 2000" with "March 15, 2000."

     4.  Conditions to Effectiveness. This Amendment shall become effective upon
         ---------------------------
the prior or concurrent satisfaction of the following conditions, all in a
manner satisfactory to Agent:

               (a)  Agent shall have received a fully executed copy of this
     Amendment, including all Exhibits hereto.

               (b)  Agent shall have received a fully executed Waiver and
     Amendment No. 2 to Refund Agreement in the form attached hereto as Exhibit
     A.

               (c)  Agent shall have received a fully executed Amendment No. 1
     to Assumption Agreement in the form attached hereto as Exhibit B.

     5.  Representations and Warranties of Borrowers. Each Borrower represents
         -------------------------------------------
         and warrants to Agent and Lenders that:

     5.1  Authority.  Each Borrower has full power, authority and legal right to
          ---------
enter into this Amendment and the other agreements entered into in connection
herewith to which such Borrower is a party.  The execution and delivery by each
Borrower of this Amendment and the other agreements entered into in connection
herewith to which such Borrower is a party:  (i) have been duly authorized by
all necessary action on the party of such Borrower; (ii) are not in
contravention of the terms of such Borrower's organizational documents or of any
indenture, agreement or undertaking to which
<PAGE>

such Borrower is a party or by which such Borrower or any of its property is
bound; (iii) do not and will not require any governmental consent, registration
or approval; (iv) do not and will not contravene any contractual or governmental
restriction of which such Borrower or any of its property may be subject; and
(v) do not and will not, except as contemplated herein, result in the imposition
of any lien, charge, security interest or encumbrance upon any property of such
Borrower under any existing indenture, mortgage, deed of trust, loan or credit
agreement or other material agreement or instrument to which such Borrower is a
party or by which such person or any of its property may be bound or affected.

     5.2  Binding Effect. This Amendment and all of the other agreements entered
          --------------
into by each Borrower in connection herewith have been duly executed and
delivered by such Borrower, are the legal, valid and binding obligations of such
Borrower and are enforceable against such in accordance with their respective
terms.

     5.3  No Default. No Default or Event of Default has occurred and is
          ----------
continuing or would result from the execution and delivery of this Amendment or
the other agreements executed and delivered by either Borrower hereunder or the
consummation of the transactions contemplated hereby or thereby.

     6.   Reference to and Effect Upon the Loan Documents.
          -----------------------------------------------

     6.1  Except as specifically amended above, the Loan Documents, as amended,
shall remain in full force and effect and is hereby ratified and confirmed.

     6.2  The execution, delivery and effectiveness of this Amendment shall be
limited precisely as written and shall not be deemed to (i) be a consent to any
waiver or modification of any other term or condition of the Loan Agreement or
any other Loan Document or (ii) prejudice any right, power or remedy which
Lender may now have or may have in the future under or in connection with the
Loan Agreement or any other Loan Document (after giving effect to this
Agreement).  Upon the effectiveness of this Amendment, each reference in the
Loan Agreement to "this Agreement", "hereunder", "hereof", "herein" or words of
similar import shall mean and be a reference to the Loan Agreement as amended
hereby.

     7.   Counterparts; Facsimile Signatures. This Amendment may be executed in
          ----------------------------------
any number of counterparts, each of which when so executed shall be deemed an
original, but all such counterparts shall constitute one and the same
instrument. Transmission by facsimile of an executed counterpart of this
Amendment shall be deemed to constitute due and sufficient delivery of such
counterpart and an original for all purposes.

     8.   Costs, Expenses and Taxes. Borrowers jointly and severally agree to
          -------------------------
pay on demand all reasonable fees, costs and expenses incurred by Agent, Lenders
and NMB-Heller in connection with the preparation, execution and delivery of
this Amendment (including, without limitation, attorney's fees and expenses).
<PAGE>

     9.   GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
          -------------
ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS (AS OPPOSED TO CONFLICT OF LAWS
PROVISIONS) OF THE STATE OF ILLINOIS.

     10.  Headings.  Section headings in this Amendment are included herein for
          --------
convenience of reference only and shall not constitute a part of this Amendment
for any other purposes.
<PAGE>

          IN WITNESS WHEREOF, this Amendment has been duly executed as of the
day and year first above written.

                              HAWKER PACIFIC AEROSPACE, as Borrower and as
                              Borrower Representative

                              By:    /s/  Philip M. Panzera
                                     ----------------------
                              Name:    Philip M. Panzera
                                       -----------------
                              Title:    EVP
                                        ---

                              HAWKER PACIFIC AEROSPACE LIMITED, as a Borrower

                              By:    /s/ Philip M. Panzera
                                     ---------------------
                              Name:    Philip M. Panzera
                                       -----------------
                              Title:    Director
                                        --------

                              HELLER FINANCIAL, INC., as Agent and as a Lender

                              By:    /s/  Renee Rempe
                                     ----------------
                              Name:    Renee Rempe
                                       -----------
                              Title:    VP
                                        --

                              NMB-HELLER LIMITED, in its capacity as Funding
                              Agent and Collateral Agent

                              By:    /s/  J.P. Onslow
                                     ----------------
                              Name:    J.P. Onslow
                                       -----------
                              Title:    Director
                                        --------

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